RE:How much lower can this sink? Hi Steven, I currently have bids in on WRN at $1.16, $1.18 and $1.39. We are in the largest market bubble in history which is about to pop. Everything will be taken down at least by 25%. The baby will get thrown out with the bathwater, but gold/silver will rebound first, fastest and go the farthest. Think 2008-2010 on steroids.
How is it possible that the DOW has increased by a factor of 40x since 1980 but gold has only increased by a factor of 2.5x during the same time frame? The general stock market is overvalued to extreme levels, except for the juniors. WRN under $2 is a steal (all things considered) but if it will dip back towards $1, why be in a rush to buy?
The only thing propping this market up at this point is hopium we won't go into a major recession and the incessant 401k contributions by the plebes via their employers. When sentiment catches up with reality, you'll see the markets implode.