Re: Lightning in a bottle!
in response to
by
posted on
Mar 13, 2020 04:05PM
Combining Classic Mineral Exploration with State of the Art Technology
G4G, daily trading is more knee-jerk responsive. While the air is full of dust, markets can't see their way forward, even while basic information is available to give direction.
Look, banks are fully capitalized, and the Fed lowered interest rates for them - big time -, and they also just added half a billion dollars to banking liquidity. Plus, a refinancing boom of historical proportions has only just begun. Many people will have more free cash than ever while benefiting from even lower energy costs. The news is not all bad, despite what the conventional media would have you believe.
The economic fallout from COVID-19 is merely shifting the weight of economic activity in the US among different sectors, not ending it. While some industries are going to suffer a lot, others will gain a lot as new money floods the country. This will be boon to miners eventually, but gold will feel it first and most strongly among metals as it is a hedge against the coming hyperinflation. Watch for it, bet on it.