RE:Whoa all the shutdowns at gold mines announced today!Shutting the mines temporarily is a prudent move to protect the work forces. I doubt it has much effect on AU pricing at this time. Debt is the culprit waiting to crush the markets.
The damage is done thanks to the virus spread and what is happening right now is every single government is printing more and more money. You have one rescue package after another and that’s just the beginning. Gold may well be way undervalued thanks to printing worthless dollars and bail outs.
Some doom and gloomers predicted it coming and now the straw that broke the camels back has happend as a result of this pandemic which just moved the worst case scenarios closer into reality. This is a snowball rolling down hill getting bigger and dirty waiting to hit the brick wall.
Good luck and keep out of public places if possible.