Winston Wolfe

Stay out of trouble you crazy kids.

NOT FINANCIAL ADVICE

[Winston Wolfe @MrWWolfe]

Proof that #Silver is entering a long term bull market. (2025 UPDATE)
A thread.
1) Firstly the price action is very positive. Silver has closed the week above $35.50/oz for the first time in 14 years. A second weekly close above this level will confirm a breakout. #silversqueeze

[Winston Wolfe @MrWWolfe]

Just to remind you all how relatively early we still are here...

[Winston Wolfe @MrWWolfe]

Worse than Covid...

[SilverTrade @silvertrade]

🚨GOLD MINERS BULLISH PERCENT INDEX DROPS TO ZERO ⚠️

Read that again.

⚡️COMPLETE AND TOTAL CAPITULATION⚡️

h/t @minenergybiz

[Winston Wolfe @MrWWolfe]

Anything linked to precious metals right now...

[Sulaiman Ahmed @ShaykhSulaiman]

BREAKING: TRUMP PLANNING MAJOR ATTACK ON IRAN

SOURCE: Fox News

[Winston Wolfe @MrWWolfe]

The gold/silver ratio is guiding us. At the moment it's saying silver is in corrective territory.

[Winston Wolfe @MrWWolfe]

What just shit the bed?

[Crypto Rover @cryptorover]

THE SPACEX IPO LOOKS LIKE PEAK BUBBLE INSANITY.

A company generating around $19B in revenue is trying to enter public markets at a $1.75 TRILLION valuation.

That is nearly 100x revenue.

Not profits.
Revenue.

To justify this valuation, SpaceX would need to grow from a $19B revenue company into a business generating:

• Nearly $90B revenue just to trade at 20x sales
• Around $177B revenue just to trade at 10x sales
• And over $350B revenue just to trade at 5x sales

That means SpaceX needs to become larger than some of the biggest companies on Earth just to make the IPO valuation look reasonable.

And even then, investors may still get terrible returns if growth slows even slightly.

Public investors are basically being asked to pay today for growth that may never happen.

At this valuation, SpaceX already needs:
• Perfect execution
• Nonstop hypergrowth
• Expanding margins and zero major setbacks for years.

One bad cycle destroys the entire valuation story.

Even mainstream analysts are struggling to defend the number.

Morningstar reportedly values SpaceX at less than half the IPO target.

Aswath Damodaran also valued it hundreds of billions below the proposed range.

And the craziest part?

Retail investors will probably still rush in because:
• Elon Musk
• AI hype
• FOMO and the belief that “this company can only go up.”

This is no longer investing.

This is public markets being used as exit liquidity for one of the most aggressively priced IPOs ever attempted.

[Vlad Bastion @VladBastion]

SpaceX goes public Friday at ~94x revenue.

Across 45 years of data, IPOs that debut above 40x sales underperform the market by 58% over the next 3 years, and by 76% style-adjusted.

The golden rule of IPO investing: the lower the price-to-sales at entry, the better the long-run return.

[Winston Wolfe @MrWWolfe]

It's because the valuations are bullshit and it will get destroyed in the weeks that follow.

[Anni @anni_sen]

SpaceX is only 2X oversubscribed. Thats a bad look for a much hyped IPO.

[Winston Wolfe @MrWWolfe]

This'll be worse than the dotcom bust...

[Financelot @FinanceLancelot]

BREAKING: Out of 120 U.S. data center builds planned for 2026, less than 30% have actually broken ground with the rest only existing on paper or have been cancelled.

This news comes after questions about AI profitability and demand continue to swirl.

[Winston Wolfe @MrWWolfe]

Woah slow down...

[Financelot @FinanceLancelot]

BREAKING: 🇯🇵 Bank of Japan is set to hike rates to 1.0% from 0.75%.

[Winston Wolfe @MrWWolfe]

@leadlagreport I'll buy it after it crashes...

[Michael A. Gayed, CFA @leadlagreport]

Are you buying SpaceX this week?

[Winston Wolfe @MrWWolfe]

The GDX has broken its 1 year support trendline. I now expect the GDX to revisit the old highs set back in 2011 before finding support.

[Winston Wolfe @MrWWolfe]

They've literally just spent the morning bombing each other. What is going on?

[Leading Report @LeadingReport]

Iran deal expected to be signed this week, as early as Monday, per Fox News.

[Winston Wolfe @MrWWolfe]

@NorthstarCharts It's amazing how much things change in a year...

[Winston Wolfe @MrWWolfe]

Space x will be the top...

[Andrew Lokenauth @FluentInFinance]

Panic is spreading.

South Korea just halted its ENTIRE stock market after a crash. Down 8% in about a minute.

The KOSPI index fell so hard it triggered a market circuit breaker. Trading stopped.

Now the Korean won is at its lowest level since 2009.

The panic started on Friday. Broadcom missed sales expectations. The US jobs report renewed inflation fears. This sparked a broad selloff across all semiconductor stocks.

Then things got worse over the weekend. Iran attacked Israel.

Now investors are pulling their money out.

Friday, the biggest IPO in history goes live. SpaceX. $1.75 trillion. Blockbuster IPOs tend to show up near the top of a cycle.

[Michael A. Gayed, CFA @leadlagreport]

Unpopular opinion: Trump is about to lose all control in the Middle East.

[WarMonitor🇺🇦🇬🇧 @WarMonitor3]

IRAN HAS LAUNCHED MISSILES TOWARDS ISRAEL.

[Winston Wolfe @MrWWolfe]

This trend line has broken...

[Winston Wolfe @MrWWolfe]

Gold is refusing to fall below the red support line. Buyers showing up all the way...My contention is that it holds...