Loading ...ROCKS ARE BEING CRUSHED IN TO SAND
Micro Explorers are crashing…many down 80 plus percent from last years May highs .
Personally I learned my lesson with these thing after many times seeing this same scenario
They all are very exciting periodically …until they arent !
Does anyone get a nagging feeling with the PMs that we double bottom somewhere near the March 2020 lows?
If that were to happen it would indicate deflationary forces were in play, the miners input costs would be way down, the metals would recover and the PMs would enter a true bull market.
No.
Deflationary forces ARE in play, and they will STAY in play, until optimism like this is GONE.
As I’ve said repeatedly, I don’t expect the bull to return until about 2024-2025.
BRUTAL, FOR CERTAIN.
well, if you look at GCC, it hardly looks like there is any tightness in liquidity.
In fact, I think it is going to consolidate in a tight range until spring time next year, at which point it will start heading to the moon again.
Too many hedge funds and pension are looking to at least hedge with commodities, and I have a feeling any little dip in that index is going to be bought relentlessly. The proof is in the pudding–despite making an absolute moonshot over the last 2 years, it looks to be forming a “high” consolidation–the most bullish kind.
Sir Fully,
Chart historians may find a longer selling spree for silver … what is it now … down 18 out of 19 trading days?
But this article gave me some optimisim: rather long, but a good read: I’m not much in majors or mid-tiers, but his take on their upcoming earnings is a good point
https://renaissancemen.org/2022/05/11/still-expecting-sector-rotation/
Also, the most die hard permaBEAR on gold, Przemyslaw Radomski, sharead an article today “Going Long (Buying) Mining Stocks”
Let’s see.
Lastly Nasdaq just went from 11108 to 11305 in minutes … wow
GL
Look at AG, down 50% in less than 4 weeks.
I knew the metals would never just get to sail smoothly to the moon.
We have to wait until the Fed pivots. End of. And even then, who can say that silver miners, for example, will ever break above their 2016 highs, which seems like a distant dream. Every time I think the Fed has lost all credibility and that there is no way the market will finally give them the finger, I get proven wrong. With that in mind, who knows where the metals are headed within the next few years. Sure, in the long run gold bullion should be higher in nominal terms, but in the long run we are all dead.
The real kicker is that stocks like AG are lower than the Nasdaq since 2020. They recently have made a little headway in the last couple of months, but even that is on the cusp of evaporating.
Relatively speaking, the gold miners are crushing silver and silver miners and look set to spike even higher vs silver miners in the near term. The under performance of silver miners since 2018 has been shocking.
Silver is 100% not acting like a monetary metal at all, except that it crashes more than gold in a delflation. Fire up the printing presses and yes, silver may jump up ahead for a few months, but once it blows its wad, it is faded relentlessly for years.