and just one more point on the Goldman's estimate. Even though I find it deplorable that they would come out with these sorts of scare tactics when investors were scared enough, their $165 per share earnings estimate for US stocks in 2020 is still a banksters tulip bubble wet dream. The real GAAP earnings reported for US markets to the securities exchange is closer to $138 per share. This is based on figures reported by CEOs and CFOs on penalty of jail time not the trumped up figures of Wall St analysts based on non-GAAP metrics. If we see a recession in the US come out of the aftermath of the virus, that would typically cause a drop in earning of about 30-40% which would bring earning back to about $100 per share implying about 1600 points (a PE of 15) on the S&P500, that's another 40% down on where it closed on Friday. Stick this on a post-it note and lets see if the US goes into a recession and let's reconvene in 6 to 12 months. You'd then really have to ask yourself exactly how correlated these bubble gold stocks are to these bubble markets in general and wonder how far they would follow the general market down to what would then be an honest level. The correlation seems very apparent if you look at the charts I posted of the GDX and the GDXJ, in fact these charts seem to be in deeper red territory than the broad market. Food for thought.Esh
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$13.99 |
Change
0.130(0.94%) |
Mkt cap ! $15.93B |
Open | High | Low | Value | Volume |
$13.85 | $13.99 | $13.78 | $24.49M | 1.762M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 5959 | $13.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.99 | 34675 | 60 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 4378 | 13.970 |
12 | 11382 | 13.960 |
23 | 11522 | 13.950 |
10 | 5683 | 13.940 |
9 | 4482 | 13.930 |
Price($) | Vol. | No. |
---|---|---|
13.980 | 5363 | 16 |
13.990 | 26935 | 30 |
14.000 | 17601 | 19 |
14.010 | 9399 | 7 |
14.020 | 19373 | 10 |
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