PM Dawn

Extremes like this precede mean reversion. Demand grows or supply is less reliable than expected. And you bounce off the extreme undervaluation in oil to a big rebound, especially in energy stocks.

Friday, December 19th, 2025

Laramie, Wyoming

By Dan Denning

Two confessions and a correction to end the week (and the year). First, I confess I was prepared for silver to disappoint this week, especiall…