MARKETS,Anybody even yet?

[FAA]

NASDAQ recoups all Liberation Day losses. Time for an AC weekend outing.

[olds442jetaway]

Yes, I read the same report except the last part you just posted. It’s on my watch list to buy when and if I can get it cheap.

[dinghy]

Since mid-April, it feels like we're echoing the Q4 Trump utopia rally.

I'm now reloading gold and silver miners, after a long period of selling into the gains. It's amazing how negative the sentiment is on miners. Silver miner Hecla (HL) reported in-line earnings and was crushed for -17% today. It's now -41% from the 52-week high.

Nearly all the reaction I saw was hateful. Doesn't matter how cheap it gets, people say they'd rather own silver bullion.

Of course I bought the stock. If silver pushes above $40, HL will be a multi-bagger. I also like PAAS Pan American Silver near 23. It produces a lot of gold at present, but has big silver potential.

I'm hoping to buy much more AGI down around 24 next week.

[olds442jetaway]

Yes AGI was crushed back to the 24 range about a month ago. Looks like a good reentry point. Guess you know, the are in a deal with GFG resources as well. ( recent news ). Silver was crushed back to 27 around the same time. Can’t say as I blame people for owning the physical silver or gold. About 40 years ago we got crushed when a gold stock went bust. I forget now the fraud issues. It was a Canadian gold mine.

[olds442jetaway]

Anyway, what didn’t help was the price of gold back in 1997 was like 289 bucks an ounce. Though my resources were limited, a little accumulate switch went off in my head. Here’s a funny quick story going back to 1979-1980. Around the holidays, the local Jewlers ( many were clueless or owned by bigger companies ). Would run sales of silver Christmas ornaments, candlesticks, etc. With silver heading toward 50 bucks an ounce, one could actually walk in to a local Jewelry store, buy their already marked down old stock silver items, and immediately take them to the scrapper and make money. It was kind of a shame because some of the Christmas ornaments were really beautiful. We kept a few of those. If we both weren’t working, and at the same time had a newborn , we could have really cleaned up in a few weeks before businesses realized how clueless they really were and that game ended. .

[dinghy]

Can’t say as I blame people for owning the physical silver or gold.

Gold mining stocks have delivered heavy volatility and light performance, so I understand the frustration. Generally, their current prices look very reasonable to me. In the just-released High-Tech Strategist newsletter, Fred Hickey notes for example that NGD hiked its 2026 free cash flow estimate to nearly $900m (with conservative assumptions of gold and copper prices). Market cap is only $3b, so that's 3x price to forward FCF.

Often the volatility of mining stocks is nonsensical. Here's Hickey on HL:

"... the stock was clobbered with a 17% one-day loss. Severe reactions to single penny bottom-line 'beats' or 'misses' are ridiculous and we’ve seen this before with this stock. However, what made this occurrence particularly absurd was the fact that Hecla produced 17% more silver in the quarter (4.1 million ounces) than it sold (only 3.5 million ounces) and 15.4% more gold ounces produced than sold due to timing issues. If Hecla had sold all the silver and gold they’d produced in Q1, they would have had an uncontested bottom-line 'beat.'"

I think I should have bought more Friday. Maybe I'll have another opportunity tomorrow.

[olds442jetaway]

I’m going to give it a look see as well as Alamos and a few others. Right now, I’m just about at my max of 20 percent stocks and am up 1.5 percent now for the year, so gotta tread carefully.

[dinghy]

I’m going to give it a look see as well as Alamos and a few others.

With China still closed, we should have a chance at a Monday morning sponge bath. My top priority is HL because it closed on the low, but I'll add to my other love interests if they drop a tad further.

I don't see anything much to buy outside of precious metals. I'm trying to figure out why AGRO Adecoagro plunged 25% lately. The company is now controlled by Tether.

I'm just about ready to add more CPB.

I think this one expired:

[dinghy]

On the open, GDX flushed from +4% premarket to +2%. I was able to add more HL just above 4.50.

USD had a big drop against the Taiwan dollar.

[dinghy]

Worst S&P sector today is energy.

Added to my EC.

BOGOTÁ, Colombia — A green iguana rests above the letters spelling Ecopetrol at the headquarters of Colombia’s largest company, located in the heart of Bogotá, the capital city. In 2021, this petroleum giant became the first in the oil and gas industry in Latin America to pledge a commitment to achieve net-zero carbon emissions by 2050. Yet, a recent investigation shows that the company’s operations appear far less green than the color of its iguana logo suggests.

Good! I like the company more now.