Despite recent volatility — including margin hikes and short-term pressure in silver — the view here hasn’t changed.
Moves like that tend to be reactive, not structural. The bigger picture still points to tight supply and steady industrial demand. China continues limiting exports. India continues pulling physical silver out of London vaults. That matters.
For that reason, Hecla Mining (HL) and Kinross Gold (KGC) remain core names to watch. They offer leverage to precious metals in an environment where supply constraints and long-term demand still favor the producers. How one chooses to position is personal — but the fundamentals remain intact.
Now, a very different story.
Under the new tax rule, gamblers can deduct only 90% of their losses against winnings. That means you can finish the day down money and still owe tax.
That’s not a nuance — it’s a behavioral change.
It’s no longer just risk and reward. It’s friction. It’s paperwork. It’s the sense that the rules are tilted even when luck goes your way.
When players start to feel the government hassle, behavior can shift quickly:
• Fewer bets
• Shorter sessions
• Less repeat play
Many may just say, “forget it.”
That’s where the trouble starts for gambling stocks.
DraftKings, Caesars, and others rely on volume and repeat play. When casual players begin stepping back, the math changes fast.
There’s also an irony here that’s hard to ignore.
The Trump Gambling Tax ends up penalizing the very activity that helped build his brand.
This isn’t about politics.
It’s about incentives.
And from here, gambling stocks start to look less like a hot hand and more like a don’t-pass bet at the dice table.
As always, stay sharp, stay selective, and stay nimble.
Under the new tax rule, gamblers can deduct only 90% of their losses against winnings. That means you can finish the day down money and still owe tax.
That’s not a nuance — it’s a behavioral change.
It’s no longer just risk and reward. It’s friction. It’s paperwork. It’s the sense that the rules are tilted even when luck goes your way.
When players start to feel the government hassle, behavior can shift quickly:
• Fewer bets
• Shorter sessions
• Less repeat play
Many may just say, “forget it.”
That’s where the trouble starts for gambling stocks.
DraftKings, Caesars, and others rely on volume and repeat play. When casual players begin stepping back, the math changes fast.
There’s also an irony here that’s hard to ignore.
The Trump Gambling Tax ends up penalizing the very activity that helped build his brand.
This isn’t about politics.
It’s about incentives.
And from here, gambling stocks start to look less like a hot hand and more like a don’t-pass bet at the dice table.
— Jones Report
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More later so ....Stay tuned, if you dare!
For now, we close by noting that any view on the market and stocks on any particular day may change in the days to come. That is why we watch and see how our views match up with reality. Looking ahead a few months may be a way to do things - but thinking too deeply about world events and the recent alliances forming, can make projecting ahead a dicey endeavor.
All in all - we use the word maybe "some", not "too much" and play it accordingly. Never get arrogant in our notions because things do change - and individual stocks are subject to many factors outside our control. So, we try to -stay aware.
With all the above caveats and attempted prognostications, I will close this post. Stay tuned for more opining on the market and stocks to watch.
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