Loading ...Yes earnings should be spectacular and show the shares are still cheap.
Maddog has a good chart showing the shares against gold is still in the basement but threatening to breakout.
The bankers are a desperate lot … so it would not surprise me if they can engineer a bit of a selloff back below $50 one more time … they will smash the lease rates and/or increase margins when the bullion from abroad is on tap … but after that hang on to your cojones for a wild ride to triple digits.
Of course, $50 may never be seen again.
So trade this at your own risk.
That said … bitcon looks like it’s getting ready for a railing … and it will take tech with it … and at some point liquidity concerns should also impact the metals as well.
So … no margin on my toast please.
I’m on a diet and looking to trim a bit.
Chuckle