RE:9% drop today…?!A couple of thoughts. Overall we are experiencing a 'fear trade'. The MSM is pumping the narrative of more lockdowns. This causes the $USDollar to rise and U.S. 10 Year Treasury Yields to fall as they are considered Safe Havens (remember bond yields are the inverse of bond prices).
Gold and Silver should be the ultimate Safe Havens however they are heavily manipulated. In order for the $USDollar to remain The World's Reserve Currency the illusion it is at the top of the food chain must be maintained. ie: money flows must be slowed from choosing Gold/ Silver over The Petro-Dollar.
This is why Cryptocurrencies have been a better Safe Haven Investment through this latest crisis - they are harder to manipulate!!! Paper Markets by way of massive naked shorting mean that whatever demand comes into Prescious Metals by the Public it can be met. LOL, want proof? JPM just paid ANOTHER huge fine for manipulating markets!!! They laugh... fines are built into their cost analysis. Does anybody ever go to jail for breaking the law/ Insider Trading??? Nope, just Martha Stewart.
When will the Sheeple wake up!?!?!?!
Bitcoin is interestinng because there is now a derivative market for it and investors can trade the futures rather than the Physical Coins - this allows the Banksters a path into manipulating it. What we are seeing currently is ALT-Coins (ie: alternative coins to Bitcoin) like Ethereum, etc. outperforming Bitcoin. Why? No futures market/ no naked shorting/ no spoofing/ no JPM Trading Desk in ALTs!!!
Watch Jamie Dimon's testimony to Congress years ago regarding the Financial Crash. Of note, he is wearing Presidential Cuff Links. Go ahead and laugh but do your research. The Government IS The Central Banksters... it IS The Federal Reserve... it IS JPM!!! JPM owns the largest private stack of Physical Silver in the world with many speculating they are holding it on behalf of the U.S. Government. Why even say "on behalf of"??? sheesh
Sooooo, (((they))) are slamming financial assets in a Fear Trade. It is all coordinated with the Mainstream Media narrative of returning lock-downs. And yes it is sick. How long/ how deep a correction??? Who knows???
All I know is Tapering is impossible so the easy money WILL continue. I have dry powder and I'm looking to 'buy the dip'.
In terms of TORQ? It's had a huge move and now needs to consolidate (which is healthy). I threw it out there last week after watching their latest video - strangely no comments on how the rock looks so far in the Margarita drilling program??? No Ivan Tweets or anything???
The company needs to raise money so what happens if they miss on this drilling program??? Typically what happens in these Vancouver Junior Mining stocks is 'friends of the firm' sell into the pump then reload in the correction as the company dilutes 'in the hole'. Hard to believe but Insiders typically try to get the best price for themselves too. LOL
The track record of Ivan and TORQ look pretty clean but like I said, this is what happened to FURY in a way. Management kept holding out for news to take the stock higher but the news never came and as per Murphy's Law the market corrected. So you tell me Monty, where should TORQ be trading? GLTA