Story perspectives

Progressives Call for Construction Moratorium Amid Mining Stock Parallels

4/13/2026

Summary

Story summary

Progressives are urging a moratorium on new construction, drawing parallels to Vancouver gold mining stocks.
A Wall Street veteran explained that investors buy tech stocks at high price-to-earnings multiples and sell when P/E is low, mirroring gold mine cycles.
Mining stocks collapse initially due to high costs and low profits, but as production rises, P/E multiples fall.
The author notes the unexpected similarities between the sectors despite initial skepticism.

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Story summary

Progressives are urging a moratorium on new construction, drawing parallels to Vancouver gold mining stocks.
A Wall Street veteran explained that investors buy tech stocks at high price-to-earnings multiples and sell when P/E is low, mirroring gold mine cycles.
Mining stocks collapse initially due to high costs and low profits, but as production rises, P/E multiples fall.
The author notes the unexpected similarities between the sectors despite initial skepticism.