2022-09-22

Prepare for a Gold Miner Collapse

Gold mining stocks are imploding. There are three main reasons. One, bad stocks. Nothing can be done for them. Second is they didn't raise enough cash in the prior bull cycle. One of my former favorites, Maritime (MAE) is out of cash as the bear market hits full stride. Third are companies that are finally raising at horrible prices. LIO is an example of this. Both stocks are below March 2020 lows.
Benchmark hasn't been managed as poorly, yet it has also reversed everything.
Some silver and gold stocks:
It looks like a low could be put in, except I believe the bear market is about to kick off. I believe gold and silver stocks will implode. The time for stink bids is now.

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