Mid-Week Macro (9/17/2025)

Mid-Week Macro

The Fed lowered the Fed Funds rate .25 bps today. It became clear today that they are trapped. Q3 GDP is running at 3.4% according to the Atlanta Fed, and the stock market is at an all-time high. Yet, this is a good time to lower rates? Lol. Plus, inflation is above their target, which they are well aware of. They should be raising rates, but it is clear that the stock market is living in clown world at 5x book value and 3x sales. Plus, GDP is inflated from the $2T budget deficit, which is counted as part of GDP.

My expectation is that the stock market is going to crash within 6 months, and the sell-off could begin at any moment. Expect your gold/silver miner portfolio to drop 10% to 30%, with gold dropping 5% to 10%. If we get the lower end of this range, we will be lucky. The good news is that gold wants to go higher, so any correction will be short-lived and a nothing-burger. There is no reason to get off this train (riding gold/silver miners). Instead, buy the dip.

Today, I made a list of stocks I plan to buy on the dip (posted on X), including the number of shares for each. I also funded my account to wait for this event. We will get a dip, the only question is when and how deep.

Last week, there was no Mid-Week Macro or Friday Recap. Instead, I posted two articles on the Beaver Creek conference. You can read those for free (you don’t have to sign-up) on my Substack page. They should be easy to find. Those articles include 26 stocks that are all very juicy (even after their share price increases this week). I own all of them, and I am excited about how they will perform during this HUI bull market. It’s remarkable that the HUI is over 500, and the gold/silver miners are still cheap.