I'll tell you how to make lemonade from lemons now....There's some really good news here but few will see it. With the hot CPI today the FED and other central banks will stomp their jackboots even harder on the neck of the economy. While this is clearly bad news for the average joe sixpack out there it's great for building positions for what's likely to follow.
The faster and higher the FED jacks up rates the faster and closer we come to a collapse of the economy...the global economy.
Once there are unemployment lines around the block, people burning down their own neighborhoods in protest etc....the free $hit providers will fold.
Early next year or late this year the $hit hits the fan and the hoped for FED "pivot" won't be just wishful thinking it will be the mother of all QE and stimmies
The US dollar will plunge, gold will soar to record after record and quality gold miners will be printing money faster than the FED
This has been my thesis for a while now. I am buying shares of SKE, IAUX, ARGTF, AEM and OBNNF at each FED meeting/rate hike in a slow and methodical pace until things get so bad in the real world they are forced to fold...then it's payday
MOZ could fit into this plan but not yet.
So take some heart ....buy tranches slowly in the best of the best. Own some producer like AEM, maybe some royalty names like SAND or OR and include the best developers.
The worse things get now...the faster it all goes to $hit...the sooner we get to gold lift off. It's going to happen.