Loading ...Bitcoin, Stocks, Silver & Mining Stocks
It is Sunday morning and Bitcoin again tagged 70K. Is it going to double top here before a correction that would mirror a potential pullback in stocks as well?
If that is how it plays out, a rotation of funds into silver and the mining stocks could be where those profits go into.
These next two weeks should be wild. This week has inflation numbers and next week is the FED meeting.
Sir CM,
While I’m enjoying the long-awaited uninterrupted breakout in my PM portfolio, here’s a take from a reputed tweeter:
https://twitter.com/DonDurrett/status/1766681428279067060
I think the skepticism expressed by Durrett is healthy. I’m myself still in two minds whether to add more to the miners portfolio. I have total respect for the bottom call made by Sir Rambus. But, when will it be the time to become a (partial) pig? My fiscal conservativeness is holding me back.
GL
As usual, there is no one answer for everyone. I believe the value in silver presents in a no lose scenario. Since it is money and you hold physical, even if the manipulation and suppression never ends(I don’t think that) you still are holding money and a commodity in a shortage situation. In the case of mining stocks the outcome is more binary. They are a steal historically but may never reach the value they represent because of the fraility of the system. One could go all in and be fundamentally correct that gold and silver explode higher but all stocks could be worthless because they are still denominated in fiat, dollars, canadian etc. I have a very small stake in lottery ticket miners accumulated in the last few years but haven’t added in the last two years. If they work out great, if not who cares. Physical metal is where one will survive or not.