Most importantly,...Gold Price just touched $ 1600!
Coronavirus not going away, at least not without causing some severe economic damage (lowering GDP targets for at least the Asian countries). Earnings will fall even in the west as supply chains are disrupted (and the market overreacts wrt travel, toruism, oil, etc.) . Money printing will accelerate. Overpriced stock market in danger of correcting hard.
Safe haven trade is/will be Gold (and maybe a bit of Crypto currency for the young-uns). The biggest drivers for Gold will be:
- massive money printing
- massive money printing
- massive money printing
- falling stack market
- fear trade
Best leverage is with undervalued gold producers. Explorers will be the next wave.
MM