If market corrects (I think it will be far worse than 20%! More like 50%!), will it have an impact on GP? My thought on that is it will suffer an initial collateral damage but GP should recover much more quickly this time around since it's cyclical correction between Aug 2020 and Mar 2021 was done and dusted. If stock market correction happens between now and end of the year, I think GP may be shooting for the star! Why? Well there are bubbles in all investment grade assets (Bond, real estate, stock, commodities like copper, iron, etc...) and so far the only sector that has remain untouched is the gold/silver market!!! Investors will have to PARK their money somewhere: none better than the traditional/historical boring safe-haven asset like gold/silver.
The ripple effect is going to hit gold/silver market and we are certainly ready to ride the wave perhaps even a smallish tsunami!!
Cheers.
DCN Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
Why? Well there are bubbles in all investment grade assets (Bond, real estate, stock, commodities like copper, iron, etc...) and so far the only sector that has remain untouched is the gold/silver market!!! Investors will have to PARK their money somewhere: none better than the traditional/historical boring safe-haven asset like gold/silver.
