Searching For a Low

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the gold stock correction is playing out mostly as expected, now hitting targets

Back in January we (NFTRH) targeted the PDAC time frame (1st week of March) for a much needed correction of the excesses to begin. Gold stocks, along with gold and silver were due for a beat down after all that 2025 bullishness and market leadership.

This was aside from the fundamentals, which have deteriorated to a moderate degree in 2026. It was simply market mechanics. The market was going to find some excuse to knock gold stocks down. That excuse finally came in the form of war and the resulting spike in oil prices (oil/energy being a heavy factor in mining costs).

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Ursinela Andress

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Well, for anyone who lost sleep over my SPY $660 put options, it worked out great with a nearly overnight doubling. Below I’ve marked where I bought them with green arrows. I bought my first block (intending it to be the entire position), but after that lying sack o’ shit Bibi did his ridiculous “all is well” press conference and blasted markets higher, I threw caution to the win and DOUBLED the size of the position. The red arrows marked the places where I sold ’em off, fast as a sumbitch. HUZZAH!

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