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Kirkland Lake Gold Ltd. T.KGI


Primary Symbol: T.KL

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.


TSX:KL - Post by User

Post by peep2on Mar 25, 2021 2:50pm
158 Views
Post# 32876910

When have a depression that is uncertain of resolution, gold

When have a depression that is uncertain of resolution, goldgoes up, not down and sideways, but up.

The 1929 depression became uncertain to its resolution and gold went up
or if fixed, was bought greatly because gold holds its value and then FDR
confiscated gold and raised its price from $20 to $32 or so.
But gold stocks kept going way up because of the uncertainty of the depression
for years.

Now we have a supposed virulent virus based depression, also uncertain of
resolution
because of new types of vaccines being used (since regular vaccines don't
work with the corona family of viruses ie
https://www.youtube.com/watch?v=fFQnCUj7yS0   ).
And
apparently (surprise surprise) new virulent strains of covid-19 are emerging.

That's pretty uncertain as to resolution of the present covid-19 virus caused
shut down of the planet and depression from that.
 
Therefore people are moving
into buying gold and gold stocks. And they both should be going up unlike the
1930s when gold was frozen and then confiscated. Gold stocks still free to
go up a great deal.
 
Am I right or am I right ?????

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