$Tesla (TSLA.US)$ Set to close my Tesla short at $218. Will...
$Tesla (TSLA.US)$ Set to close my Tesla short at $218. Will move the funds here to top up my existing gold/gold miners holdings such as GDX, NEM, AEM, GLD, GDXJ, and SLV.
Gold miners are starting its Q2 reporting with NEM first to report after market close today. AEM will report next Wednesday and followed by others in AUG. I think gold miners will have very strong upside on revenue, EPS and healthy cash flow due to recent higher avarage gold price between Q2 and Q1.
Market money rotation out of mega caps companies should continue. However it will still have bounces as buy the dippers will continue to buy. I expect prices to go down slowerly but not yet crash. Until all the buy the dippers stop buying then I expected we will see a much bigger correction. Cheers.
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Retailers must include gold in their portfolio during rate cut cycle and economic slowdown. Consider NEM, GDX, GLD, GDXJ
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Dr DT OP : Just to confirm, my Tesla short is now closed. Target hit at $218. I am now in the money with SMCI short and all my gold and gold miners holding are having a strong day. Good luck to all.
EZ_money : clarity metals