Monthly Archives: July 2022

Recession becomes more mainstream

Posted on July 30, 2022 by johnonstocks

As the official data plugged in a 2nd quarter of negative real GDP growth, recession calls are becoming more mainstream. Note that the NBER uses a number of metrics, particularly with layoffs and such, to confirm a recession before they … Continue reading →

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Too early for mining? Not for me.

Posted on July 22, 2022 by johnonstocks

We saw a decent rally in uranium miners this week. I sold some out of the money covered calls on a couple of my positions and used the proceeds to buy more SBSW. The big Fed meeting is coming next … Continue reading →

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Things are breaking

Posted on July 16, 2022 by johnonstocks

My junior gold and silver mining stocks fell to lows I could never imagine, closing at $30.02 vs a 5-year low of $26.81. They were higher back in 2018, when gold was ranging around $1,280/oz vs $1,700 today. It’s like … Continue reading →

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Waiting for the next Fed hike

Posted on July 9, 2022 by johnonstocks

The most important thing in markets right now is the next fed hike. Here’s what the latest expectations are: July 26-27: 75 bps hike Sept 20-21: 50 bps hike Nov 1-2: possible 25 bps hike Dec 13-14: possible 25 bps … Continue reading →

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Liquidity Drain

Posted on July 2, 2022 by johnonstocks

My portfolio’s down another 3.7% this week. Its actually even in value though because I put in more cash. One of the good things about having a margin account is that you can use it to buy up crazy dips, … Continue reading →

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