Good Day, More to Come, But Rocky I welcome critism of this stock. And thoughtful analysis. One should consider all avenues when looking at an investment.
I agree with you, Marathon, the stock price went down from its recent highs. It went down with the price of silver and gold. Naturally, this company is sensitive to price adjustments. And market fear is at an all time high.
Interestingly, though, inflation is running much higher than the FED wants. New numbers came out two hours ago. Rates could go another 1 percent soon. There will be more suffering in the general market and many stocks will continue to sell off. Capitulation is the name of the day.
The FED can't bring inflation down to 2 percent without a revisit to the good old Great Depression. So, they will have to back off. This is when precious metals will be the momentum play of the decade.
https://www.usatoday.com/story/money/2022/07/13/inflation-rate-new-40-year-high-june-cpi/10040997002/