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Bullboard - Stock Discussion Forum K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150... see more

TSX:KNT - Post Discussion

K92 Mining Inc > Financial stock markets price levels are on Steroids!
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Post by ITSTHELAW on Nov 24, 2020 4:02pm

Financial stock markets price levels are on Steroids!

These markets are completely out of touch with the reality of economy today and way overvalued imo. Covid is not finished yet (vaccines are still months away from approval), record unemployment, going to be/is record bankruptcies (mainly small/medium business), record gov't debt, record personal debt and on and on. Absolutely no reason for record highs given the reality of true state of the economy. Just bought a whack of sqqq to bet on a correction (could be wrong). Anyway, hoping when the markets come to their senses, this will all be good for gold! JMO!!
Comment by Treemoney on Nov 24, 2020 4:36pm
There will be interim pain for gold as things rebalance. Thing with the vacine is that people are betting that over the next year (while the vacines in the works), the Fed will prevent most bankruptcy claims by continuing to BRRRRRRRRR. I think this means there's more faith in common equities despite the very real short term risk which is a short term bearish trend for gold. I dont think ...more  
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