RE:RE:RE:RE:RE:On Fire!liquidity crisis started long before covid, don't you remember the repos months before? liquidity started drying up when the fed tried to tighten and raise rates but failed which was long before covid. usa had a trillion dollar deficit every year, where do you think the cash comes from to pay for it? covid was just the excuse they needed to do massive printing.
the market was overvalued before and after the crisis now. unlimited QE printing continues to prop up the markets. you say covid was the reason for march correction, so where is the second covid to trigger another correction? they are not raising rates and stopping unlimited QE any time soon.
the general equity market holders hold a tiny percent in gold, under 1% gold. buffet just started buying his first position. they don't have a lot to sell. it was the gold speculators themselves with margin calls that followed the panic who sold. they won't be so eager to sell a second time while the fed is doing unlimited QE. 2008 liquidity crisis ended when fed did QE. a second liquidity crisis does not happen right afterwards in the same year when they are not tightening.
knt won't be on vancouver exchange for long. it is a growing over $2 billion dollar company. you can try your luck at market timing, but you can end up like the guy who sold at $1.10 kicking himself for selling too soon. a lot of people tried to market time kirkland lake too but were left in the dust.
Retiredgeo wrote: The liquidity crisis was the collapse of 2008/2009. Covid-19 panic was the reason for the March correction. An overvalued stock market out of sync with the global economy will be the reason for the next correction.
When the big stocks get hammered Gold is liquidated to cover positions. We saw that in March and will probably see that again - bad news for the miners.
If you want to believe that KNT will go up forever knock yourself out, I am sold and gone. I know better than to put too much faith in a penny mining stock on the Vancvouver exchange, especially during a period of global volatility! If and when it corrects substantially I will be back.