https://www.bnnbloomberg.ca/canopy-grow ... -1.1786108- No. That's a very good point. I'll even note this too. If you go into the Yahoo Finance platform and you look at the stats or the valuation multiples that Micron's trading at, five times for earnings. Now, on a relative basis, that's well below the market multiple. Perhaps your first thought is this is a cheap stock. But when you hear a company out here warning this significantly about margins, profits, and sales, you will quickly realize that cheap may not be cheap enough.
https://www.greatpanther.com/news-media ... -in-mexicoCanopy Growth crumbles on deal to swap debt for shares, cash
https://www.cnbc.com/2022/07/01/recessi ... o-q3-.htmlGreat Panther Announces Agreement to Sell the Guanajuato Mine Complex and Topia Mine in Mexico
https://www.gold-eagle.com/article/gold ... update-192Recession fears flare and June jobs report looms as jittery markets head into third quarter
Long term – on SELL signal.
Short term – on sell signals.
Gold sector cycle is down.
$$$ We are now holding trading positions as no core positions should be held during a long term sell signal.
Cash is king right now. Markets are insane, how low is low ?
Bad news keep piling up, it seems there is no ending for the bear markets. Luckily bear markets are much shorter than bull markets. Are we there yet ? I do expect many companies are lining up for chapter 11 and financing would be difficult under this type of environment.
Lower lows, lower highs and there is no sign of bottoming.
SILJ is at long term support, potential bounce here. I do anticipating it will break down from the support line and capitulate.
GDXJ approaching major long term support, buying around $25 would be rewarding.
$VIX round bottom pattern. I do anticipating it will spike very hard to form a symmetric pattern.
(D) FXI may have bottomed and back to up trend channels.
$USD is still bulling, I do anticipate more interest rates increase this year.
Still bearish and I do expect it will do down below 1700
Next update - 7th Aug