Savvy Trades and Investments

[larrybaz]

AMRK - I bought a little in the 23s after hours yesterday. After reading the cc transcript, I sold this morning. I didn't get the feeling that the current quarter is going very well. This was from the CEO from the cc transcript:

And then lastly, the Israeli Palestinian conflict or the Israeli Hamas conflict is just a horrible situation. It's just it's very difficult to watch. It's very difficult for me to keep wrap my arms around. And I think that our customers and probably shareholders are somewhat frozen. And I see that event as a situation where people are just not really focused so much on what's going on at the price of silver or gold. And they're focused on things that are unimaginable 60 days ago. And so I think that this particular conflict has probably slowed down.

Just a lot of decision making as it relates to, hedging your equities protecting against a deflation of the dollar or different reasons why people look at our business and our products. So, I think it has it has been a little bit of a kind of sit on your hands and do nothing the last since October 7th, I believe it was. So I think that's -- that's natural. And I think it's understandable. And I think the next few months are going to be very interesting how this plays out. But you know, it's hard for me to speculate on how it's going to affect the economics of A-Mark.

I also looked back at their numbers, and their earnings really took off in concert with the pandemic. I'm really starting to wonder if this is just another company whose business was benefited greatly by all the stimulus cash.