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You could then apply it to miners for example who all seem to have extremely low p/e's (the ones I'm interested in anyway).

When I started following the oils(for example) 4 years ago PE's were not seen or so very high, now many as you noted have got PE's firstly & secondly many are very low, thats very notable IMO.

My firm thought is if you are fully invested in OZ market then you gotta look at the miners & I as time go's by I'm even more certain of it.


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