We are also nearing the end of one of the worst "summer doldrums" in mining stocks that I can remember. "Seasonality" in this sector normally suggests that a fall recovery will be strong. However, this time, investors will likely face a wall of worry over prospects for a general market decline, something often happening come September or October. Will O'Biden spending plans offset this?
I will not predict a market crash for this year or any year - how can I know -, but the broader markets have never been so overvalued by traditional measures.
If there is a correction or crash, the question is, how long will it take for recovery to begin noting that it usually starts in metals and mining? ...could be weeks, could be years.