Pennies and small caps are mostly higher, more than 1%, while larger cap stocks do nothing. The Dow is higher by 200+ and the Nasdaq is off by 40. The rotation we’re seeing today is out of FAANG and into piece of shit mortgage and other low market cap offal.
While I do enjoy this form of speculation, I have a keen sense of uneasiness right now and it has washed over me like an electric current. I am partially disappointed and partially sickened by my current pastiche of “winners” and might clean them out shortly.
Gold and silver are higher, which is only adding to my angst, since I own DUST. Other than that, more than 50% cash — waiting for something to pounce on.
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This time is different for precious metals. EB Tucker say don’t get in front of this freight train.
You can’t look good playing tennis. Try pickle ball.
Trying TBT again here (H+S). Also, companies that own assets in the ground – not just PMs – continue to do well.
Do you leave your mojo on the slopes?