Flipper, you know the market is forward looking. It goes without saying most companies profits have nosedived when they are effectively closed!
Investing is all about understanding the company and projecting future profits, then positioning to get a slice of it. Unprecedented stimulus will have the wheels of industry purring as soon as people are back to work. Money in pockets, spending, thus keeping the wheels turning. It would not surprise Doc to see stock markets rocketing past their recent highs going into 2021.
Money flowing into cash generators is bad news for gold. The gold price is heading for a nasty fall and overall poor second half to the year, in our professional opinion.
