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VRA Letter: Excellent Trading Day, With Semis Leading Higher. Strong Banks = Strong Economy. Snowline Gold, a Grand Slam in the Making. Latest From Rich Ross.

Good Tuesday morning. Excellent bounce-back day yesterday, featuring solid internals that saw the semis (SMH) leading higher (+4.5%). Our view remains that we’re in the typically volatile days of October and that this overbought ...

Posted On October 14, 20254 MIN Read
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Good Tuesday morning. Excellent bounce-back day yesterday, featuring solid internals that saw the semis (SMH) leading higher (+4.5%). Our view remains that we’re in the typically volatile days of October and that this overbought pause is both healthy and normal, as we head into Q3 earnings and a strong rally into year end. Heads up: big banks started reporting earnings this AM and so far, so excellent. Our largest US banks have rarely, if ever, been in stronger financial shape than they are today and as much as we’ve avoided investing in bank stocks over the last decade (yawn), we look for a strong cyclical move higher for the financials over the coming months and years. When your banking system is solid, your economy is solid.

Snowline Gold (SNWGF)

During our regular follow-ups with our VRA 10-baggers, Snowline CEO Scott Berdahl has shared the following with us.

"Hi Kip, In addition to the highest strip-adjusted gold grade (i.e. richest pit on the planet, given that Valley co...

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