We are in completely uncharted waters at this point, however, 321gold founder Bob Moriarty predicted much of what we have seen transpire in the last month. I wanted to get Bob on the phone to see what he thought of markets after this big drop, and whether he would step in and buy gold mining shares after they crashed last week. Without further ado, Energy & Gold's March 2020 conversation with Bob Moriarty…

Goldfinger: So we last spoke February 28th. That was exactly two weeks ago. At that time the crash had just really started to get underway, and it's reached a fever pitch in the last week. You called this pretty much exactly right and you even said that the gold miners might even get sold. We've seen that exactly happen. Now the GDXJ is down 50% in three weeks. Are they throwing the baby out with the bath water? Is this a great buying opportunity in gold stocks? Or is there still more selling to come?

Bob Moriarty: We will have a better opportunity, but yes, it is throwing out the baby with the bath water. It's the same thing anytime I ever say there is going to be a correction. A lot of people start screaming that I said, "Sell," and I don't believe that makes any sense. All markets go up and down. Somebody wrote me this morning about Irving, and Irving was down 23 cents, and he basically was in a panic, and I took a look at it and Irving was down 23 cents on 34,000 shares. Now that's meaningless.