Maybe. With the stock market out of the picture you still have record unemployment, pending loan default crisis, and the ever growing service of debt liabilities. To me there’s more than just a high priced market to consider, right?I think Congress is predictably waffling on stimulus now that the stock market is high. Back in February and March, they didn't lift a finger until the stock market crashed, then they were falling over themselves to issue stimulus.
So here we are again, and the stock market is at record highs expecting stimulus, but that very fact is preventing the stimulus. So something has to give, and I think it's going to be the stock market.
gold and silver market will also get hit, giving people another buying opportunity, but probably not nearly as good as March, since we now know the Fed is ready with the money firehose - back in March we didn't know that.
btw El Dorado is double the price of B2 and B2 posted 260k ounces of quarterly production. It’s currently at around $7 a share. I expect it to rise exponentially especially if they reach their goal of over a million ounces by Q4. Whaddya think?