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Bob Moriarty & Rick Mills – “Golfing While (his) Rome Burns, Photo Bombing and Flinging Missiles About”

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Bob Moriarty & Rick Mills – “Golfing While (his) Rome Burns, Photo Bombing and Flinging Missiles About”

 

 

 

 

Rick Mills, Editor/ Publisher, Ahead of the Herd:

 

I see platinum just broke a record decade-long resistance, we are always talking about buying cheap things: gold, juniors, silver, platinum, palladium.

 

But we have a couple of things on our side.

 

Bob Moriarty, Founder, 321gold:

 

It’s nice because you’re using lots of past experience to make value judgments and you’re talking to the right people and asking the right questions.

 

I can think of some names, I won’t even mention the names, but the guys claiming to be gold gurus, the guys claiming to be silver gurus for the last 30 years have never been right about anything and why people follow them is beyond me, but they do it because they tell people what they want to hear.

 

We don’t tell people what they want to hear, we tell people what they need to know, I’ll give you another good example. We’re having a nice correction in gold, silver and platinum right now, but as of a week to 10 days from now we’re going into seasonally the best period of the year for gold. And as of 40 days from now we’re going into seasonally the best period for silver, so it’s nice to use experience and knowledge and make accurate predictions.

 

RM: We’re going to make a couple more today. I’m going to bring you some stuff I want your comment on, and just to kind of set the stage a little bit here, we haven’t seen this level of market concentration since the Great Depression.

 

Let me just that a little bit. In 2015 if you had bought the S&P straight across and spent $10,000, you’d have $25,000 right now. If you had bought just seven of the stocks listed there, the tech stocks, the magnificent sevens and spread $10,000 across them you’d have $65,000 today.

 

What that means is the market that we’re seeing is that the market we already know is in the melt-up stage right now is very concentrated in just seven stocks. The breadth of it is so narrow that it’s setting up a situation that is absolutely ripe for disaster. And we’re going to show why the current melt up becomes a melt down.

 

BM: 100%. We’ve been talking about a market melt-up for weeks and I’ve been saying yes, we’re in the market melt-up but the next major move is going to be down and I’m absolutely comfortable saying we’re going have some kind of a disaster between now and October.

 

Israel has made it clear they intend to attack Iran again; Iran has made it clear they are quite prepared to defend themselves. Trump had gone full militaristic in Ukraine and Trump’s threatening Russia with a deadline, there’s some really dangerous things happening financially as well as geopolitically.

 

RM: Oh absolutely, we can prove there’s a crash coming and I’m going to show how it will happen financially.

 

What we’ve got going on right now is many signs of a speculative market bubble, remember back when a sure sign of a top was when the guy cutting your hair is talking about stocks or the cab driver’s telling you what he’s buying, well we’re at that point. Actually, we are past that point.

 

Over on Real Investment Advice they’ve got an article about day trading your way to riches, now they’re not saying do it no, they are saying retail speculation is once again gripping the markets. They get on about how “a recent Wall Street Journal article highlighted the latest retail gambling vehicle” and these are ODTE, these are zero days to expiration options, and they have exploded in popularity.

 

Retail traders are now accounting for more than half of all transactions, and this started in speculative options in 2020, and it’s been gaining ground ever since. Bob that’s more than just a quirky market statistic, according to RIA it’s a glaring warning of risk-taking behavior, and history consistently shows — and this is where you’re right — history consistently shows that markets peak when the average investor starts chasing lottery-like returns.

 

What’s happened, and it’s still growing, is a huge behavioral shift from investing to outright gambling. As a consequence, we’re in this day-trading speculative fervor that’s taking over the market.

 

You see it in meme stocks, you see it in cryptocurrencies, you see it in the high-flying tech names, and it’s building and building. And now they’re going to fuel the fire because the day-trading restraints are going to be totally loosened under a proposed rule change.

 

“The US regulators are finalizing plans and they’re going to replace the controversial rule that would lower the threshold for retail investors to trade equities and options more often.”

 

You have rules on the limit’s investors with less than $25,000, in a margin account, are allowed to trade, currently its four times in a five-day period, ok. They’re going to toss that out and drop the required $25k to $2,000.

 

You start to think about stuff like this and you realize yeah, we’re in a melt-up, but when retail start acting like this, that’s always serious trouble ahead, Bob.

 

BM: Well, let me give you a perfect example. You and I have talked about the Japanese bond market, the Japanese carry trade and how that affects the US bond market. Those are all signals of extreme danger. What did China just do about cryptocurrencies? They outlawed them.

 

RM: Yes.

 

BM: Well, it’s the most dangerous move in the world for cryptocurrencies, ok. It’s like Warren Buffett dumping Bank of America and Apple stock, you’ve got one of the most sophisticated investors in world history dumping literally hundreds of billions of dollars worth of stock, that’s an important signal. When China outlaws’ cryptocurrencies they’re looking at it saying, “We understand how dangerous that is.”

 

The United States is setting up an explosion in danger — the risk-return’s going to go through the roof — it’s a $4 trillion market. Cryptocurrencies don’t exist, they’re imaginary, they’re fictional numbers, you cannot hold a bitcoin, ok, it’s an imaginary investment but at $4 trillion. Now $4T disappears from the market overnight, you’re going to have a lot of people who have been wiped out.

 

RM: This is what it’s all building up to. The other thing that’s happening too, besides the retail speculative bubble and the deliberate fueling of it, we’re going to find out a lot about Powell here in the next few days, because at the end of the month on the 31st the Fed meets, and by their own numbers they’re already facing the loosest monetary conditions since ’21.

 

The Chicago Fed’s National Financial Conditions index has fallen to its lowest level in more than three years. What that suggests is financing in the economy is more than ample. The index uses a lot of different metrics and Goldman Sachs’ US equivalent of that index is back down to where it was late year, just a whisker from its three-year low.

 

So, the takeaway from these two readings is that despite trade uncertainty and borrowing costs, the overall economy is doing just fine and really has enough ‘financial oxygen’ to continue chugging along, maybe even a little bit too much.

 

US household deposits are at $4.46 trillion, that’s just less than $100 billion below the record peak of 2020, and you’ve got cash-like money-market fund assets hit a record of $7.1 trillion, and US stocks are still continuing to push further into record territory.

 

Guess what? Retail investors are the key in driving that, the stocks, so now you’re going to get them goosed with lowering the margin rates,  and the whole thing comes down to Trump wants 1% interest rates and it isn’t so more Americans can buy a house, he’s looking at his Big Beautiful Bill and if he’s got to start financing at a higher interest rate, the US Treasury debt that’s going to get rolled over, he’s going to get slaughtered, so he wants Powell to cut rates, well the Fed, we’re going to find out a lot about whether Powell’s got any balls or not and is able to stay the course, rates cannot be cut right now.

 

Of course, lower interest rates will just fuel the retail speculative gambling bubble. If you cut rates, you’re going to fuel a speculative bubble way more than what’s already been set in motion and is being goosed deliberately.

 

It’s going to happen sooner or later because Powell is going to be replaced in May, but all of this is just adding fuel to that speculative retail, and we know what happens when these guys get right on the brink like they are — we’re going to have a market crash, there’s just no way to stop this.

 

BM: We’ve talked about this many times, the United States is at the end of empire, everything the mainstream media tell us, everything the government tells us is a lie. Trump has literally buried himself with the Jeffrey Epstein story, every time he opens his mouth, he looks dirtier.

 

RM: Well exactly and we’re going to get into that Epstein thing because it’s a fiasco what’s going on here, but let’s just kind of do some broad strokes here on what we started several months ago. We got the bottom of the juniors, and we said we were going to start buying stocks in the market and private placements because, one, they were cheap by market cap, and two they were raising money to go drilling.

 

Well, it seems like we’ve done pretty good, we’ve got all of those stocks that have now entered their drilling, they were rising before and now they’re up nicely on visuals and some grab results, and I think we’re going to be good in that side of the equation, but now we’ve got another wave of stocks that we helped finance and told people about, like Harvest Gold (TSX.V:HVG)  and Silver North (TSX.V:SNAG), and now they’ve got the money raised and they’ve got their targets and they’re going to start drilling, both will be drilling very soon.

 

I’m thinking we should start focusing some attention on some of these stocks. I want to update a little bit on these, Harvest Gold is pretty much a greenfields approach to several projects — two have never really been looked at hard, that’s about to change, and their Mosseau project has gold on it and a lot of high quality drill targets have been worked up on both the central and northern parts of this greenstone land package.

 

SNAG is drilling into their silver discoveries up in the Keno silver district next door to Hecla, Silver North is a pure silver play where the team has already made several discoveries, put a lot of silver ounces on the books and I believe is on the way to defining another Keno silver deposit.

 

I’m quite happy to see these two stocks getting into the field and drilling.

 

BM: There are two elements you need to actually be rewarded by when you buy stocks. One, and you know how important I say this is, you want to buy things when they’re cheap, but you also want to be buying stocks that are doing something that moves the needle, and both of those companies are drilling, and they’re drilling in good areas with good management.

 

They’ve got money in the bank, so they are the ideal situation because we’ve got a bull market that is obvious, we’ve got stocks that we were talking about when they were cheap, and they’re going to be coming out with results. Now is every company that we talked about going to have great results? Well probably not, but some of them are.

 

RM: You’ve got to protect yourself and you spread the risk around by buying up a handful of popcorn seeds like we talked about before, right? Some of them are going to pop, and that makes up for the ones that don’t. And the ones that don’t will go back to the drawing board, re-figure things out and give it another try.

 

That’s life in the junior sector, you can’t get away from it, you’re not always going to be right but the ones you are right on, instead of sitting there day trading it, let them go to work and let them get the results out and that’s how to make the real money.

 

The major miners are reporting just off-the-charts income, their bottom lines this year and what they’re reporting, I’ve never seen anything like it. When the techs start blowing up and they’re going to, you know where the money is coming. We haven’t even really started seeing the money come into the junior resource sector because it hasn’t come into the majors bigly yet.

 

They’re making all kinds of cash, their margins are great, and people are going to start recognizing that, and it’s a good dividend too because they’ve done that, Teck just announced at 12.5-cent dividend, it’s the right time, it’s the perfect storm.

 

I’m going to give a plug to Adam Hamilton, he writes a great letter every week and I’m comped on his stuff, but his stuff that’s free, let alone the stuff that you get for a measly amount of money a month, it’s great stuff and he’s talking last week, ‘Gold stocks priming to run’ and I absolutely think that if you’re in this gold space and you’re not reading Adam and his Zeal Speculator you should be.

 

So, what he said was “the gold miner stocks are priming to run, nearing their next major surge higher, they’ve proven quite resilient this summer” — well he got that right — “through gold’s weakest time of the year seasonally. They’re about to report their best quarterly results ever by far, they remain very undervalued relative to prevailing gold price and gold is heading into its strong autumn rally season. All this convergence ought to fuel increasing gold stock buying.” What is there to argue with that, I just can’t find anything wrong with it.

 

BM: Well, we’ve been posting Adam for years, probably 20 years every Friday and he gives away far more valuable information than most of the newsletter writers who sell their product.

 

RM: There’s been some contention between Canadians and Americans and these 51st state comments, if you don’t want to be a state we’ll take you over by destroying you economically. I don’t think most Americans feel that way, Trump and his sycophant minions obviously do, and Trump is saying Canadians are nasty to deal with.

 

I think Premier Eby of BC had it right when he said, “Do they think Canadians are not going to respond when the president says, ‘I want to turn you into the 51st state and beggar you economically unless you bow to the US?”

 

Obviously, Canadians are outraged.

 

We really don’t like that kind of talk and if he thinks we’re going to bow down or roll over he’s sorely mistaken.

 

We’re the US’s largest trading partner, we’re your neighbor to the north, we’re a partner in defence of North America, and yeah we’ve been a little slack, so I’m publicly going to thank President Trump for waking us up to his true nature, and the fact that he doesn’t understand friendship, he doesn’t understand loyalty, he doesn’t understand the value of having good neighbors and allies.

 

The trade deal with Japan says 15% on all their imports into the US, cars included, and here we are in Canada stuck with 25% on our auto imports, and 50% on our steel and aluminum and copper.

 

And now the US has slapped a 20% anti dumping duty on Canadian softwood exports to the US. Excuse me?

 

I think he’s going to destroy the US-Canadian relationship to the point where it’s not fixable. What are your thoughts on this?

 

BM: I’ll disagree with you there; it will be fixable. Donald Trump is burying himself with the Jeffrey Epstein story and he’s done so many stupid things, I don’t mean foolish, I mean stupid things.

 

Canada is not the enemy of the United States and by running his mouth he’s pissing off the Canadians and he can’t piss everybody off and he is and he’s going to pay a severe price for that. I think people are going to be surprised, JD Vance appears to be participating in a coup d’etat against Trump right now, ok, so we got some interesting times coming.

 

RM: It just keeps getting crazier and crazier. There was all this news about these trade deals and, “Oh we got a trade deal with this country, we got a trade deal with that country” and you look a little bit deeper and you kind of lift the hood and peek at it, yeah maybe not.

 

Anyway, let’s look at something, this trade deal with Japan, as much as it’s been ballyhooed as the greatest thing for America and everything, it’s fake.

 

Trump came out and said, “Oh we got this, we got this” and Japan is going, “What? What deal with Alaska? What are you talking about? We never signed any deal with Alaska.” And Trump’s talking about $500 billion coming in as Japanese investments and the money is going to be spent at his direction, that’s not true either.

 

What Japan signed was they will at their own time and choosing loan that money to somebody to do what Japan wants them to do. It might be talked about as $500 billion worth of investment into the United States but it’s not coming anytime soon.

 

Trump’s bullshit always flows pretty deep, it just keeps going on and on and getting deeper, because you find out there’s no tariffs on vehicles into Japan. Well, Mr. Trump there never was. Japan has never tariffed anybody’s automobile sales into Japan, ever, and that’s a fact.

 

So, his whole grand deal is bullshit, ok.

 

And I’ve got to tell you something else, he’s making all these trade deals but there’s two sets of trade deals, there’s two different kinds of countries that he’s dealing with.

 

There are markets that really don’t employ tariffs, like Japan, like India, like the UK, like the EU, they don’t have tariffs or very high tariffs or a lot of them, but what they do is they have very high regulatory challenges that the United States just can’t meet, in most, but especially India it’s quality.

 

Then you look at another group of countries who have tariffs, this are the countries like Indonesia and Vietnam, which do have high tariffs, so you’ve got these two different groups and with the one group, the smallest countries the US trades with generally, he’s been kind of successful in reducing tariffs, but with this other group, the major trade partners, he’s not having any luck at all because it isn’t tariffs that are the barrier, it’s all these regulations and none of them have been changed.

 

So, almost all of the trade deals we’ve seen are complete bullshit. They’re all a lie, they’re not a deal at all, if you don’t reduce the regulatory effects then nothing changes. You can say, “Oh I’ve got no tariffs going into this country at all.”

 

But you look at Japanese cars, America does not make a good car under $30,000, so Americans lose quality and selection on a cheap vehicle and are paying a sales tax if they do buy one.

 

Well, ok good for you Mr. Trump, but you never had any tariffs in the first place because they don’t need it. You couldn’t sell your stuff in there before and you can’t now.  How’s that for having your cake and not being able to eat it?

 

BM: Well Trump has been a bullshit artist his entire life. According to Donald Trump he is a self-made billionaire, but the fact of the matter is that his father owned tons of real estate in New York City, and he turned over millions of dollars worth of property to Donald Trump. Donald Trump was a millionaire when he was nine years old, he was not self-made.

 

He has gone off the range so many times in so many different directions, he’s serial bankrupt, ok, he’s a serial cheat and frankly he’s at the end of the line because he’s made it obvious to everyone, he’s a rhinestone cowboy.

 

RM: All hat no cowboy. It’s all bluster and bravado. Reminds me a bit of Dawson City, I’ve seen all those false storefront facades, he kind of reminds me of one of those.

 

I guess you read that Iran is continuing to build an alliance with China and Russia, they’ve already met to discuss the threat of sanctions and Iran’s nuclear program, which they’ve said they’re not going to cancel. And if Israel and the US don’t like it, they are ready for war. You know Iran’s actively seeking support from Russia and China and they’re getting it.

 

BM: China made it absolutely crystal clear to the United States and to Israel they’re not going to allow Israel to turn Iran into a failed state.

 

That said, I actually have an objection to talking about Iran’s nuclear program because Iran has a perfectly legal, perfectly reasonable nuclear program, and they have said the United States does not have the right to demand they end it.

 

But the United States is also saying they have to cancel their ballistic missile program, the United States is demanding that Iran turn over its sovereignty and Iran would be totally insane if they did that.

 

Now you have heard me talk before about how ordinary individuals using facts and logic do not need gurus, do not need to listen to experts, and they can determine solutions by themselves. So, I’m going to ask you kind of a trick question. There are 7.3 million Jews in Israel. There are 90 million Persians in Iran. Israel is nuclear-armed, Iran is not nuclear-armed, so how does Israel defeat Iran militarily?

 

RM: Well, there’s only one way and that’s get a hell of a lot of help from the United States.

 

BM: What kind of help?

 

RM: They’re going to need a hell of a lot of missiles and they’re going to need cooperation to use their nuclear bombs, the only way Israel can beat Iran — look, all my adult life, I watch the UFC, boxing, kick boxing all the time and there’s one absolute fact that is indisputable and that’s a good big man will beat a good small man every time, that’s the way it is, that’s why they have weight classes.

 

When you look at an Iran-Israel war the only thing that is going to save Israel in a war with Iran is the fact that Israel is nuclear-armed and they have the backing, military and economically, of the United States. Other than that, they’d be gone, it’s that easy to boil down to.

 

BM: Well strangely enough there’s a fatal flaw to that, ok. If Iran goes nuclear, which I believe they intend to do, if Israel goes nuclear which I believe they’re going to do, they attack Iran and they are attacking Iran now with sabotage, when Iran reacts, they’re going to use tactical nukes. When they do, that’s going to start a nuclear World War III.

 

Russia and China are not going to allow Israel to use nukes and not respond. When they do that, ok, Jews are going to be cursed for the next 10,000 years, if Israel starts a nuclear third World War based on all lies. Iran is not the enemy of Israel, it is not the enemy of the United States, and Russia and China are not going to allow Israel or the United States to destroy them.

 

RM: It’s a terrifying thought that China and Russia would arm Iran with battle-field nukes.

 

Did you know Iran and Russia have launched joint naval drills this past week in the Caspian Sea?

 

BM: Well, I know that Iran has hypersonic missiles that are 16 times the speed of sound. Iran does not need nuclear weapons, and I don’t even think they need Russia; they’re getting rearmed by China. And when Israel gets stupid again, which I believe they will, they’re going to be shocked at what happens in response.

 

RM: As you mentioned earlier the Russian and Ukrainian pot is starting to boil too. I told you in an e-mail that there’s no love worse than that of a bromance gone sour, you know what happens when you embarrass Donald Trump, somebody is going to pay for embarrassing Trump.

 

I think Putin played him like a violin and I don’t know if he’s sensitive enough to be embarrassed, but he made a huge error in trying to think that he could control anything Putin was going to be doing. Putin puts Russia first and he’s putting himself in there and he’s not going to back down.

 

If anybody thinks that something is going to come out of Ukraine peace talks with Russia, unless Ukraine’s willing to give up all the territory that Russia’s in, plus the Crimea, swear not to join NATO, there’s not going to be any peace over there, so that’s going to continue to boil.

 

Meanwhile China for the first time is sailing its aircraft carriers out into the sea that’s long been dominated by the US, and that’s kind of concerning too is that China is flexing its military might of which it has considerable.

 

And North Korea is still flinging missiles about, Kim’s likely pissed he’s not the center of attention, he most certainly is having a hard time being ignored, and he is more than capable of doing something stupid to get back into the spotlight.

 

So, we’ve got a lot of geopolitical, we’ve got the markets looking like they’re in a huge melt-up, we’ve got retail right on the point of a speculative bubble that is just getting fueled deliberately to keep these markets going.

 

Overall, you have to expect something to happen, something to break somewhere. There has never been a time when the question is ‘am I being paranoid.’ No, when it concerns macro conditions and their consequences, the question always was and is today; ‘am I being paranoid enough?’

 

BM: There is a group that wants World War III and they’re trying to get it into Israel and Iran and they’re trying to get it in Ukraine, and what I fear is they are going to get it. Now did I talk to you about Donald Trump doing a 720?

 

RM: Yes, you told us you were puzzled with what a 720 was and then you figured it out.

 

BM: It’s a 180 and then another 180 and then another 180 and then another 180, I think Trump is finished.

 

RM: He could be, tell us more about this coup from JD Vance, I find that very interesting, what have you learned about that?

 

BM: There are several different issues, now one thing you have to understand there’s a lot of media that hates Trump, so anything that is anti-Trump gets emphasized a lot. That doesn’t make it correct because there is a lot of bias, but JD Vance actually flew out to Montana to meet with the publisher of the Wall Street Journal prior to the Epstein article. The question is, did he contribute to information, or was he trying to stop it?

 

And the fact of the matter is I think that anyone who is sane in this administration will understand that Donald Trump is on a suicide path, ok. He appears to have physical problems that are being ignored, his bombastic attitude towards China, towards Canada, towards Mexico cannot possibly succeed.

 

His view on tariffs is absolutely dead wrong, some of the things like demanding the Fed lower interest rates, that’s not the job of the president.

 

I would like the president of Russia to take care of the people of Russia; I would like the president of the United States to take care of the people of the United States. You hire good people, and you give them responsibility and then you leave them alone. Donald Trump has confused himself; he’s some combination between God and Superman and frankly I think the man’s a blithering idiot.

 

RM: And then out of left field, boom, Jeffery Epstein. And if there’s two things that’s going to pop the MAGA balloon it’s the truth about January 6 and it’s hiding the facts about Epstein.

 

I think people are to the point now where they know it’s a lie, they know Trump’s mentioned in there, his DOJ told him he was. The deputy chief of the DOJ is Trump’s former personal lawyer, and he flew down personally to meet with Ghislain Maxwell, Epstein’s aid.

 

He met the first day he met the second day and what he’s doing, and I’ll guarantee you this is what he’s doing, is telling her, “You want a pardon? Or vastly reduced sentence? If you want out of jail you’re going to say, ‘I was there, I was part of everything, I’m an intimate insider, and Trump had nothing to do with any of this.’

 

But a House subcommittee voted to subpoena the Department of Justice for files and GOP lawmakers supported it. You are seeing the GOP, these sycophants in Congress and the Senate start to rebel, and it’s because they’re getting such pressure from their base. The base wants to know, they don’t want this hidden.

 

BM: Absolutely, here’s the problem. If a person has told you 100 different things and one of them is a lie, are they a liar?

 

RM: Yes.

 

BM: Ok, Donald Trump has been caught in so many lies that you have to be ignorant to not understand Donald Trump will lie about anything. And the fact of the matter is he was best buddies with Epstein, they were best friends, Epstein was at Trump and Marla’s wedding, he does a birthday card and paints a naked woman on it and signs it, and then he says, “Nah I didn’t do that.”

 

What? Of course you did. “Well, I never did paintings.” Well yeah you were selling them at auction. Donald Trump will lie about everything, the only thing that Donald Trump gives a damn about is Donald Trump. The guy’s selling perfume for $249 a bottle, he’s selling $29 cell phones for $499 because it’s a Trump cell phone. He is pimping out the entire cryptocurrency industry. Wait a minute, hey the guy’s a fraud.

 

RM: Yeah, he photo-bombed Howard Stern. Other presidents, and their family have pimped the presidency but now it’s so blatant and it’s so much, he’s probably made a billion dollars for himself just since he got into office.

 

BM: He’s made more than that. When he flew to Scotland at government expense was what was he going to Scotland to do?

 

RM: He fled Washington. Went to golf.

 

BM: Well, he was opening up his Trump resort, I mean he doesn’t even make any bones about it, the guy is a pimp.

 

RM: Yeah well, he brings the whole Secret Service and everybody, sticks them in his resorts and charges X times the going rate.

 

AT: I’ve got a question, when you were talking about the impending stock market crash, what effect if any will that have on the juniors? So, we’ve got all these companies that are drilling, and the results are coming out around the same time that Bob’s saying the market’s going to crash, so what effect will that have on the juniors, is that a concern?

 

BM: Here’s the deal. There’s only one guy I know that understands it, and that’s that Swiss doctor who lives in Thailand. Money always has to go somewhere and the reason that the juniors and the gold shares have gone down is because everything was flowing into crypto and everything was flowing into the stock market. The money is going to flow out of the stock market and it’s going to flow out of crypto, and it’s got to go somewhere.

 

Rick Rule came up with the greatest analogy. He said the average weighting of resource stocks is 3% and right now it’s half a percent so I am quite comfortable owning the resource stocks; if there was a decline it would be a temporary decline.

 

RM: If you look at it historically, by looking at the charts of the crashes, you see the baby, our juniors, get thrown out with the bathwater. Both the juniors and general markets crash, but by looking at the charts you see it isn’t even two weeks after the crash that you start seeing the rebound in the gold and the silvers, it usually turns out it was a hell of a buying opportunity.

 

I get selective, I might buy some more of ones I’m in that haven’t had a big run yet, and I like to buy some of the stocks that have run up nicely, but I wasn’t in them, they did it once they’ll do it again.

 

RM: Ok we’ve had another great talk, we’ve had two today, the first one was Simon Ridgway, CEO of Rackla Metals, I thought that talk went extremely well, I think it’s one of the best interviews that I’ve done and we’ve done Bob, it was an absolute joy talking to Simon this morning and I think we’ve had another good talk here.

 

BM: I do too. Talk again soon.

 

RM: You bet.

 

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Rick and Bob both owns shares of Silver North Resource (TSX.V:SNAG) and Harvest Gold (TSX.V:HVG), Both SNAG and HVG are paid advertisers on aheadoftheherd.com and 321gold.com. This article is issued on behalf of SNAG & HVG.

 

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Posted July 30, 2025

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Nicola Mining Commences 10,000 Tonne Bulk Sample at High Grade Dominion Creek Mineral Project

Nicola Mining Inc. (TSX-V: NIM) (FSE: HLIA) (OTCQB: HUSIF) is ple... READ MORE

July 30, 2025

Honey Badger Discovers Promising "Sheeted Veins" at Surface in Multiple Zones over 18 km at Plata, Yukon

Honey Badger Silver Inc. (TSX-V: TUF) (OTCQB: HBEIF) is pleased t... READ MORE

July 30, 2025

Cerro de Pasco Resources Reports 2025 Fiscal Year-End Financial Results and Strategic Milestones

Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCMKTS: GPPRF) (BVL: ... READ MORE

July 30, 2025

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