Zeus: Lessons for green energy investors from gold and silver's collapse

Energy demand is soaring, but many renewable stocks still tied to AI's fortunes

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Less than two weeks after gold and silver collapsed in a massive selloff, I was stunned to hear an analyst on television this week talking up gold’s prospects to get to $6000 an ounce this year.

Gold and silver’s rise have been the story of the past 12 months as the Trump White House let the U.S. dollar fall to boost trade, with both setting record after record before soaring like hockey sticks in the last week of January. Then in two days — a Friday and a Monday — gold fell 12% and silver fell 36% in historic collapses.

Gold has since stabilized above $5000 an ounce while silver is a bit under $80 an ounce. And just like that we’re already talking about the next records on financial TV.

The lessons are clear for climate investors who want to listen to them. Financial markets are constantly rejuvenating themselves with new buyers in a way that makes it hard to remember history, even recent history. The buy-the-dip trade has become engrained in modern investor psyches.

Markets can move forward fast. They can fall faster; and sometimes take an agonizingly long time to recover. Some might remember that after the Nasdaq’s collapse 25 years ago in the dot-com bubble it took 15 years for it to regain the 5,000 level it first achieved in March 2000.