Jones’s list is not invented from nothing. Hyperscaler capex is under a microscope. Saudi Arabia did shut the East-West line after drones from Iraq. Houthi forces took Perim and more of the Red Sea shore. Brent has lived above $100. None of that guarantees an open that looks like 1987. Weekend “crash Monday” clips are a cottage industry. One of them will eventually coincide with a down day. That is not skill.
The investor problem is simpler. In a broad risk-off, GDX, GDXJ, and the TSXV junior book sell because funds need cash, not because the deposit vanished overnight. Gold can hold or even rise and the shares can still drop 10% to 30% in a cluster. Copper can be tight in the pit and the equity can still follow Nasdaq. Seniors are stocks with a mine attached. Juniors are stocks with a story attached. Both have a beta to the index when the index is the only bid.
What a Stink Bid Is
A stink bid is a limit order placed well below the last print. Far enough that you are not paying Friday’s close. Close enough that a real washout can hit it. You write it when you are calm. You do not write it in the first red fifteen minutes with a market order.
It is not a prediction that the name is coming to you. Most stink bids die unfilled. That is a feature. You wanted a price. You did not get it. You keep your cash. The opposite error is the hero bid two cents under the offer that becomes a full position in a name you meant to nibble.
Sosnoff’s language fits. Expected move first. Size second. Illiquid names do not honor your limit the way a listed option does. A junior can gap through your bid and never print it, or fill you on 200 shares and leave the rest. A senior with a real book can fill a working order if the index is dumping and market makers are still open.
How Miners Usually Die on Crash Days
First wave: ETFs. GDX and GDXJ redeem. Authorized participants sell the basket. Liquid producers go first because they can be sold. That is Agnico-type paper, not the 20-cent explorer.
Second wave: margin and risk desks. Anything that ran hard gets cut. High-beta copper developers and gold juniors that doubled on a camp live here.
Third wave: financing fear. If the crash lasts more than a session, the market prices a closed window. Dilution risk hits the names that need cash in six months. The rock did not change. The cost of equity did.
Physical metal is a different animal. It can wobble with liquidation — Dent and Faber both remind you gold falls in a crash, just less than the people who own nothing. Shares can fall more than the metal and more than the index. That spread is why some people pre-place bids. It is also why some people only add bullion and leave the equity alone until the second day.
Rules That Keep a Stink Bid From Becoming a Trap
Use only surplus cash. If the bid fills and the stock halves again, you must still sleep. If that sentence fails, do not place the order.
Work a list you already researched. A crash is not the time to discover a name from a weekend clip. Jones does not diligence your cap table.
Separate seniors and juniors. A limit 15% to 25% under Friday on a liquid producer is a different animal than 40% under on a junior with a 10-cent spread. On thin TSXV paper, a “stink” level may never print, or it may print after the company has already announced a desperate placement. Check the treasury before you check the chart.
Time the order. Good-till-canceled through Tuesday can sit in a gap and fill at a price that looked clever on Sunday and sloppy by Wednesday. Some desks use day-only on Monday, then rewrite. There is no prize for automation.
Do not average the stink. One pre-set level per name is a plan. Three lower bids is how people empty the account into a waterfall and call it conviction.
Accept no-fill. If Monday is a grind lower, not a crash, your orders sit. That is success. You did not chase. If Monday is a melt-up on a war-premium oil spike, your bids were never the point. Energy producers and gold can diverge. So can copper and the S&P. A single stink list will not catch every fork.
What Jones Got Right as Weather, Not as Timing
AI capex can be both real demand for copper and a bubble in the equity that funds it. Schiff already called the financing circular. A Monday air-pocket in megacap tech can hit miners that the public now files under “AI infrastructure.” That is correlation, not geology.
Oil at three digits and a second chokepoint is inflation in the grocery aisle and a cost in the pit. It can support gold’s long clock and still smash gold shares if the 10-year rips with the hike odds. This week already showed that split: diesel at $6, gold unable to hold $4,400, copper’s tariff premium cracked.
Iran does not “control” Hormuz and Bab el-Mandeb as a single legal title. Proxies and a closed Saudi workaround are enough to reprice freight and fuel. That is the metals input. The crash call is optional.
A Sober Monday Card
If you use stink bids at all, write them tonight as a small add to names you would own at a lower basis. Pair them with cash you will not miss. Leave most of the powder for Wednesday, when you can see whether the tape was a one-day fund flush or the start of a funding winter.
If your risk tolerance is “I need this money,” place nothing. Watching a red open is allowed. Heroics are optional.
Juniors will look cheaper on the screen and more expensive in the next raise. Seniors will look broken and still have mills. Metal in a vault will not margin-call you. Those three sentences are the allocation. The Jones video is only the alarm clock.
Conclusion
A bubble can hiss for years. It can also gap on a Monday for reasons that will look obvious by Friday. Mining shares will not ask your permission. They will trade the index first and the drill hole later.
A stink bid is how a prepared buyer names a price in advance. It is not how a frightened buyer becomes a full owner of junk. Use it only if the name was already on the card and the cash was already spare. If Monday is quiet, you lost nothing but a Sunday theory. That is a good trade.
Important information
This article uses an Alex Jones X video as a news hook. Geopolitical and market claims should be checked against primary reporting. A stink bid can fill at a price that keeps falling. Limit orders may not execute in fast or illiquid markets. This is not advice to buy or sell any security or metal, or to place any order. Speak with a licensed adviser. The author and publisher accept no liability for actions taken on this article.