Order L-208 and the gold mines Washington closed

Hey there,

I'm passing along a free report that starts with a government order from 1942.

On October 8, 1942, the War Production Board issued Order L-208.

It told America's gold mines to stop producing.

Show me what happened next

Gold wasn't going to win the war, and copper was where it needed those miners.

Mines across the West went dark, and many never reopened.

Among the ones forced to close was a mine that was, at the time, the second-largest lode gold producer in the United States.

Then the war ended, and the squeeze stayed. Costs for wages and equipment climbed, yet gold was fixed by law at $35 an ounce.

The mine has been silent for about 70 years.

It reopened, fought rising costs for about a decade, and closed for good in the mid-1950s.

Now the whole thing belongs to a small company, and that company began drilling again this summer.

Good Morning Alerts wrote up the full story as a free report, "The Gold Mine Washington Shut Down in 1942."

The ticker is part of it.

👉️ Get me the free report

₿ Robinhood Bought Bitcoin, But Its Stock Is The Real Story

Robinhood finally put its own money where its mouth is. The trading app bought about $25 million of Bitcoin for its corporate balance sheet, the first time in company history it has owned Bitcoin directly. Crypto chief Johann Kerbrat announced it at a big crypto conference, saying the move shows "how deeply we care about Bitcoin and the ecosystem." That works out to roughly 294 coins.

Here's the catch, and it's a funny one. Almost the same night, Bitcoin took a nosedive, dropping about $1,765 in 20 minutes and falling below $84,000 as more than $400 million worth of leveraged bets got wiped out. Great timing, guys.

But let's be honest, that $25 million buy is a rounding error for a company worth around $100 billion. Kerbrat said it himself: this "is not going to change a lot of the current trajectory of the company." The buy is marketing. The far more interesting story is $HOOD the stock itself, which is down roughly 5% year to date and well off its highs.

So why has the stock struggled? It comes down to one thing: crypto is both Robinhood's rocket fuel and its biggest weakness. When crypto trading cools off, Robinhood's revenue takes a hit fast, and investors get nervous. The stock also got expensive after a huge run, so any slowdown gets punished hard.

📈 The Bull Case:

• It's way more than crypto now. Robinhood is quietly building banking, a Gold subscription service, retirement accounts, and prediction markets, giving it real revenue beyond trading.

• Crypto is a tailwind when it's hot. With Bitcoin in a strong stretch, Robinhood's most profitable business lights up, and the stock tends to rip higher alongside it.

• Analysts still see upside. Many Wall Street price targets sit well above where the stock trades today, betting the platform keeps growing.

📉 The Bear Case:

• Crypto cuts both ways. Roughly a fifth of revenue comes from crypto, so a crypto slump can tank results in a single quarter, like it has before.

• The valuation leaves no room for error. The stock isn't cheap, so any miss on growth gets hammered.

• It's genuinely volatile. HOOD has had dozens of 5%-plus daily moves in the past year, which is a wild ride for anyone's stomach.

The Munch Take: Robinhood buying Bitcoin the same night it face-plants is comedic timing you cannot script. Imagine proudly announcing you bought a boat, then watching it spring a leak on the drive home. But forget the $25 million buy, that's just a headline. The thing that actually matters is that crypto trading is now core to Robinhood's business, which means owning HOOD is a lot like owning a geared-up bet on crypto sentiment. When Bitcoin rips, HOOD tends to rip harder. When Bitcoin bleeds, same thing in reverse. Here's our honest read: this stock is only a 5% dip from where it started the year, so it's not exactly on the discount rack, and we're not chasing it here. We like the diversification story long term, but we'd want a real pullback before getting interested. Just know what you're buying: not a boring brokerage, but a crypto roller coaster wearing a suit.

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