I’m 100% cash except for bullion waiting for a bottom.
Unfortunately for those who are long the shares, the fact the liquidity event has not even arrived yet, which is why PM gamblers still have money (and the balls) to play with, it looks like it will still take quite some time (next year?) for the ‘buying opp’ to arrive.
PM stocks go down for about six-months once the liquidity event arrives.
Cheers