Loading ...Base metals are all down – nickel, zinc, copper leading the way. The big dog miners RIO & BHP have been pretty ugly the whole way down.
At the drop of a hat, we’ve gone from inflation to deflation. Oil back under $60. Even Bitcoin is down $3K. Rates should be falling but who in the hell wants US Treasuries, or any western treasuries for that matter.
PM’s have somehow gone from shortages to abundance in under a week. No help from a weaker dollar. PM prices solely depend on what the SM does.
Sub $1 miners/explorers have been beaten like baby seals, new 52-week lows on several I watch. Dolly Varden being one, I’ve never seen a reverse split bear fruit for a stock price. WTF are they thinking? They’ll probably turn around now and offer some shares in a private placement to some investor in exchange for a shitty note.