Making Money When The Market Struggles
I love making money when the market is struggling, and I’ve been telling my readers in American Stock Investor and Outsider Club to invest in silver, gold, and offshore ETFs. Yesterday, one of my favorite silver trades, Avino Silver and Gold Mines (ASM), announced stellar earnings.
Here’s what stood out:
- Record revenue of $24.4 million in Q4 2024 and $66.2 million for the year—up 51% from 2023.
- A gross profit margin of 43% in Q4, climbing to 49% on a cash basis.
- Free cash flow of $14.1 million in Q4, translating to $0.10 per share.
- Net income of $8.1 million for 2024, or $0.06 per share.
- Silver equivalent production increased by 32% in Q4, reaching 736,000 ounces, with gold production up 76%.
- The company ended 2024 with a strong cash position of $27.3 million, a major increase from Q3.
Simply put, they crushed expectations. They’re pulling silver out of the ground at just $18.63 an ounce while silver is trading at $34.35—and climbing. Low oil prices and high silver prices mean these miners are raking in cash. No wonder the stock surged to $1.81, putting my subscribers up 101% on the trade.
Meanwhile, my full portfolio is averaging a 69% gain, while the QQQ’s one-year return is just 8%, and it’s down 6.71% year-to-date. Even the Polish ETF (EPOL), which no one wanted to hear about, is up 22%. I was right again.
The broader market is in trouble. If the selloff continues next week, it’ll mark five consecutive weeks of decline—something we haven’t seen in over twelve years. With the S&P 500 soaring 822% from its 2009 low to its recent high, there’s plenty of profit to lock in, and investors may choose to cash out rather than watch their gains evaporate. This selling could last for years.
Of course, the talking heads will tell you to “stay in” or even “buy the dip.” Sure, the market will recover—eventually. But after the dotcom crash, it took the Nasdaq 15 years to hit new highs. Do you really want to wait that long?
You don’t have to play their game. There’s always a bull market somewhere. Right now, it’s in commodities and non-U.S. markets. Gold and silver still have a long way to run, and I plan to ride that wave.
See the full original article at Outsider Club right here
