Yamana Gold Inc. AUY

Shoulda, woulda, coulda.

[bogfit]

Guess I'm not likely to add more next week @ $2.30.  I try to avoid unrealistic projections but the thought entered my mind yesterday that as bad as corporate earnings will be over the next 2 or 3 quarters, and with POG approaching $2000/oz. I wondered if a 5X gain in HUI THIS YEAR might be possible.

It seems that the more rapid and intense a change, the more confused and uncertain most seem to be.  For myself the extreme conditions we find ourselves in today could not be clearer at least in terms of not only capital preservation, but significant gains as well.  I would like to first point out that buying gold is no more profiting off a disaster than buying a T-bill.

We know that the world’s central banks will flood the global economic system with liquidity, as evidenced by the Fed announcement.   We know that currencies will depreciate INCLUDING THE DOLLAR even as corporate earnings turn to dust.

S&P 500 Companies With Highest Debt Loads
Boeing  (BA)     
Alliance Data 
Ford Motor                 
National Oilwell Varco  
Western Digital  
CarMax 
Williamsgy   
SL Green Realty 
Harley-Davidson  
Vornado Realty                    
Apartment Investment and Management   
SBA Communications  
General Motors    
Source: IBD, S&P Global Market Intelligence, S&P ratings of BB+ and lower are "junk" or speculative grade

https://www.investors.com/etfs-and-funds/sectors/sp500-big-companies-loaded-up-dangerous-amounts-debt/
 
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