Sunday, May 12, 2024 7:29:25 AM
I wouldn't be surprised if we touch those recent lows again, before we head higher for good.
I do that on this premise. We're where we are now on a rising tide in the overall markets. I think at some point probably before the end of this calendar year that's going to change, and the markets begin selling off in a big way. If and when that happens ALL stocks are going to fall. We'll most likely be going into a recession or slowdown in the economy, so no stocks, including the miners will be spared.
I also think this downturn could see the rotation of investment money out of financial and tech stock areas and move money into the commodities arena that's been so unloved for years now. We'll have to see how it plays out, but I'm still keeping my powder dry for now.
If I remember what Keith said on the last webinar he was on, he commented that he wanted to hold 50 million FF shares before the end of this year. If he's still looking to do that, he actually needs to pick up his buying numbers.
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