Why K92 went up this past week.K92 is a good stock that is why I own it. Last week it went up % wise as much as my other two good jr miners, possibly a little less than my GLDLF holdings. This has to do with the price of gold (read my post from a week ago) which I said would hit $1600 this week. This has to do with the Wuhan virus. Note the US stocks were down $600 friday, and gave up all profits for the year last week.
Monday is a crucial day, at this moment the China futures are down heavy. China just announced they are adding over a trillion yen to liquidity to the market immediately. It is just more paper printing like we do it in the US, but it is a big rise for gold. They also have instructed their peope not to sell stocks, and most follow governmennt advice. I am certain their plunge protection team will be at work early in the morning, as will ours. (US)
If the market goes south big time we will see a world sell off of stocks and gold taking a big leap. Their is a reasonable chance governments can hold off a selloff for now using printed money for liquidity and heavy stock purches. Maybe they cant hold it off. This virus is far more serious than people think, 300 of the largest 500 corporations in the world have major business centers in China.
Monday will be an interesting day.