RE:RE:When is KL earning date for Q1, stupid meThanks West as always. On your closing point about how KL (and many miners) will be looking better than many other business. Completely agree, many company will have results that crater deep into the red and KL and other miners look like beacons of profitability and growth so we could see a substantial rotation into this sector in the coming weeks.
This headline this AM drives that point - the whole oil sector is doing a face plant. And this alone is a big sector and the carnage is still in progress. They have to re-open the economies or we ain't seen nothing.
Counties, states, provinces and whole countries have had their tax revs hit the wall...so the debts are piling up. Just look at Mexico, for example - what is the appetite for Mexican debt in the face to the rest of the world dumping debt on the market? And Mexico is a fairly sound developing market - there are lot of countries out there that will be running out of cash real soon.
We haven't seen the full extent of this. But gold will continue to shine as this debt cyclone blows through...as will the miners shine even if not a full capacity.
I think we are going to see a fairly epic rotation into the gold sector.
https://www.zerohedge.com/markets/we-are-moving-end-game-27-tankers-anchored-california-hundreds-singapore-oil-industry-shuts