Every additional down day gets exponentially more painful, along with the opportunities, which is always the case.

One thought on “THH – The Abyss

  1. Ryan says:

    The abyss is nice – not crowded and plenty of time for self reflection. At the end of the day the proof is in the pudding. Mining development costs, labor costs and cost of capital are all rising while the price of the commodity is falling. The stocks reflect that and aren’t pricing in any possible turn in the current environment. We know it won’t last forever. If any of those risks improve from here and the people selling at any price for tax loss purposes and/or out of fear will end up missing out on huge returns. That’s what mr market/the house wants though – as many losers as possible with only a handful of winners long term. Welcome to the casino.

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