@DonDurrett@inoopsingh Wait for the big tech to report earnings in July - August and NASDAQ to continuously sell off on earnings. Gold will sell off too but will roar back as NASDAQ continues to fall throughout rest of the year.
@NakedHedgie Do you log into LinkedIn at all? Couldn't find a way to send message on X (understandably) , and so I sent a message on LinkedIn without checking whether you check it at all. Any way, have been a follower and just want to send some appreciation words. Take care :)
@baldguymoney Also don't jump on the ship too fast! Let Trump announce there is a solid deal with Iran and let oil price to come down to 80$ ish a barrel. Even then it will take a while for the market to figure out an inflation - adjusted bottom for precious metals. So quite a bit of wait :)
At SIAL in Montreal, visiting the U.S. booth.
A delegate said, “Sorry about our idiot president.”
I replied...
“Idiocy isn’t an exclusive trait of political leaders only in the U.S.”
@baldguymoney It is signalling a NASDAQ + S&P crash. The euphoria is unprecedented. Also a signal that oil is probably going to 150$ to crush this euphoria (if it can).
@capnek123 If i remember the great @RealRickRule , in the decade of the seventies the gold price corrected 50% and it was during the oil embargo i think. History should rhyme and repeat this time as well.
@DonDurrett Also don't you think miners are losing play right now - with such high energy prices and stable metal prices, i don't think their margin going to improve in the short to mid term.