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Sweet, now I can buy a silver eagle for . . . . $36.67? :confused: https://www.apmex.com/product/240679/2022-1-oz-american-silver-eagle-coin-bu

Markets are weird - everyone is talking recession, yet oil stocks are sky high. Yet commodities are tanking (Cu, Uranium etc). I suspect it's just the same thing we've seen the last few years - traders are just chasing momentum - sell tech, buy commodities, til that stops working, sell...

Haven’t seen mine this low in years. Plus is I got into some stocks I never thought I’d get into at a good price.

Don’t try to time it perfectly. When we look back at this time in 5 years, a week won’t matter. At some point the Fed will step in and try to stop the slide in financial markets (not just stocks), but we’re not close to that yet. We’ll see a rally for sure if inflation news comes out that it’s...

For a short term trade sure, but there’s like zero chance this is the bottom.

There was some talk today of inflation moderating but I think stocks are just oversold and running out of sellers.

I would have doubled down on Roblox at $25 if I had any money.

S&p500 down 90 points and gold is flat. Gold miners are following the S&P down though.

Sell the news. Or buy the news in this case. The sell off this week was in expectation of a 75 basis point hike. The move on Fed day is often a false move though so we’ll see tomorrow.

Rates going up and oil sky high are bad for gold and silver miners. But they'll do well when that narrative gives way to stagflation and a Fed pivot.

This is a good place to buy to play for a bear market bounce. Lot of support around 3750 to 3800.

Crazy. He probably wouldn’t walk around the street carrying $1 million in cash, but with crypto didn’t even attempt to protect himself.

Ok, so 1 mil maybe doesn't mean retire anymore, but 10 mil and I'm cashing out at least partially, wtf? At least buy a house, pay off some debt etc. How much do you need?

Thanks for all that! I think 3800 being both the 38% retracement and the 20% correction level is going to get a lot of support. I’m thinking we double bottom there and go up for a while before we visit 3500.

Yeah we’ll have some big bear market rallies, this one was really weak but maybe we get a retest of the 3800 level and then a rally. But the bottom is far below us.

Gold and gold stocks seem to finally be diverging from the stock market as stagflation looks more and more likely.

They're in the Cummings Center? That's cool!

Is that what you meant? Explorers in mining tend to go down when there’s no news forthcoming to drive the stock. That’s what it sounds like is the issue with ZNOG?

I have a lot of respect for Bob Moriarty, though he’s getting a bit out there in old age. He seems to have a big following cause whatever he promotes pops for a day or two. Lion One did have a monster drill result yesterday of course, so he’s right to promote it. This is great results, though...

History repeats, another Bob Moriarty article on Lion One Metals, another 18% pop today. http://www.321gold.com/editorials/moriarty/moriarty060722.html