$3.90 valuation by GS updated, page-376

SBM price appears to be recovering, I am probably wrong, but it feels too early for me, the market is looking ahead using current evidence of the Coronovirus curve flattening in western countries....however, China appears to be in the very early stages of a second wave despite draconian lock downs and that gives me pause to consider that western countries will find that when they relax their quarantines and lock downs that this Virus will simply surge again, is that bullish for Stocks in general? Gold stocks?, physical Gold certainly.

Congratulations to those who bought at the recent lows.