Craig Hemke and I have been warning you for many years that we would one day arrive at this point and here we are. $6 trillion in stimulus, oil trading at negative prices, people locked down in their homes and the global economy in shambles. 2008-09 was a dry run for what we are facing today. Gold stocks like Newmont and Barrack may be the only stocks with increased earnings. Perhaps mining companies should be buying energy futures as this is a major cost center for mining. There's lots more here that you need to listen carefully to.
Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.