3 Sunday Morning Thoughts – April 5 Edition 2026

So, every Sunday morning I sit down to write a few short thoughts.

Sometimes these thoughts end up being about life, other times they are on gold, geopolitical issues affecting the markets, or the economy.

Here are three thoughts for this morning:

1. If you’re feeling some precious metals fatigue, you’re not alone. Here’s what I’m doing to energize myself.

It’s hard to see gold take the hits it’s been taking recently. Price action is up, down, and not even sideways right now.

Since you’re here, you’re probably like me. You believe the fiat system is dying soon to be replaced with some kind of gold-backed, multi-polar monetary system. And honestly, why hasn’t that happened yet? It starts to make you feel a little disenfranchised with the whole precious metals, hard asset scene.

Gold’s price isn’t acting as expected…

And no one else seems to get the big picture.

Not Wall Street, and definitely not the market.

Here’s what I’m doing to energize myself.

We all know the big picture. The fiat system is dying and when currencies die governments, and big bankers on Wall Street will do whatever they can to maintain the system. That includes more financial engineering, going to war, etc.

So, I’ve been taking a page from Michael Saylor’s Bitcoin strategy, which is to…

Use volatility as your advantage. Let profit-taking at the top become your source for re-investment later, but only if you believe we are in a secular gold bull market without the public really catching on to that fact, yet.

So, we have an advantage. The majority of gold and silver mining stocks have not enjoyed the same run as physical gold. In other words, the tide has not risen for all. Yet, some ETFs and specific stocks are ripe for the picking.

For example, Tavi Costa posted this chart earlier this week.

This XME ETF is on the verge of another breakout. A few more dollars, and in my opinion, it is good for the retail investor to push 20% gain.

And if your time horizons are longer, say 5-10 years, some great economically viable resources are on their way down. In mining industry terms, they are in between discovery and development phases.

For example,

Lion One Resources (TSX-V: LIO) has an economic gold resource in Fiji and is in the development phase. The company is going through a rough patch right now with management diluting share value in attempts to get their operation off the ground. I wouldn’t say this is one to invest in right now, but it would be one to watch over the next few years as their production ramps up and management gets themselves straightened out. Mining is difficult and every phase from exploration to production can have huge implications, but the secular gold bull market looks like good news for LIO a few years from now.

On the other side of the spectrum is a mining stock to sit on and wait for over the next year…Dolly Varden Silver (TSX-V: DV). Retail investors will like this one.

2. Here’s a reminder: We’re still living in an inflationary environment. The S&P 500 has fallen below the 200 Day Moving Average again, what do you suppose will happen next? 

Yep, the S&P 500 is flashing its big green light again.

It’s either about to plummet, or do what’s its always done (historically).

Historically, every time the S&P 500 has dropped below the 200 Day moving average it bottoms out and the shoots back up.

All that’s required is a bit of liquidity from the money spout. You may expect it within the next few months…

You see, on May 15, 2026, the Fed will once again stop the rodeo music long enough for Kevin Warsh to claim his new seat as Fed Chair.

When that happens, he will look at what he’s been given and he’ll need to make a choice.

Do what the boss wants (Trump wants to cut rates), or disappoint and watch the US economy continue to crumble.

Again, the Fed does this every time. And…

Governments do this every time.

They print their way out of trouble.

What do you think will happen next?

ALSO, Trump wants to increase the US Defense budget from $1 Trillion to $1.5 Trillion. 

What do you think will happen next?

3. The FUD is cranking up on Tesla. The stock is crashing, and soon Tesla may look like a great contrarian play. Here’s why.

Tesla stock is crashing.

The FUD is piling up, and it’s about to start looking like a great investment.

Sorry to say, but sometimes investor reports can be BS. Especially when a stock is a huge retail dog pile like Tesla. Elon is so great at marketing his products that he attracts a lot of retail investors. He gets people talking, and thousands pile in.

Unfortunately, his quarterly reports don’t report on vision. Or whatever else is happening in his 5 or so other companies. Or his SpaceX IPO. Or what he really wants to do with his Tesla manufacturing plants.

One of those things is to help transition into the world of self-driving taxis.

The other is the development of Optimus. A home robot that can also be used for manufacturing, or for doing a plethora of jobs many companies employ humans to do.

So the short long is this:

*I think* Tesla is in a transition phase with opportunities to be acquired when the stock moves to a price where Elon feels like he’s getting a huge discount. He may have quite a bit of capital raised from the SpaceX IPO. Maybe enough to support Tesla operations through the transition.

Tesla stock may continue to go down, but that does not mean it lacks value creation, or delivery.

Eventually, it will bottom sooner or later.