RE:Important News I Just Found Out AboutIt's an excellent presentation and no one would question the very bright future prospects for TGB. The problem is not with them but with the wider economy and of course the FED. You can extoll the virtues of TGB all day long but in a global recession...which would be the mother of them all given all the accumulated debt....copper will be $2 before it's $5 and EVERY stock will be cut in half or more.
If you're immune to the risks we currently face and "believe" that everything is fine and nothing could go wrong...that the gods at the FED will navigate a gentle soft landing jacking up rates, running off its balance sheet all while the economy merrily chugs along with consumers just swallowing up more junk with more debt...then you're not paying attention.
I'd love to own TGB shares again but I don't think this ends well. I think the FED is finished. That they have no options anymore. That they cannot hike rates and they cannot cut rates and they cannot do nothing. They've run out of rope, hope and options.
I think they will try, the real economy goes into the dumpster, they are forced to reverse, inflation worsens, the bond market implodes, the stock market implodes and TGB will be trading at $1
I don't know if there's a way out even after a great purge. I think we have a great reset with tremendous upheaval and wallow in the gutter for a long long time.
I don't think there's any safe place to hide but there certainly are trading opportunities if you make it your job. I shorted the rips for the last month for example, am positioning into a few gold miners for when the FED folds. There may be one more rip your face off rally when the FED folds but the subsequent crash will wipe it all out and more.
You're going to regret dismissing the very real threats that loom large.