Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

« How the coronavirus is already hurting global business..."

"... KFC and Pizza Hut restaurants are also closed in the city of Wuhan until further notice. Parent company Yum China (YUMC) says that it will continue to evaluate the need for "additional actions."
McDonald's (MCD) has shut restaurants in Wuhan and four other cities in Hubei.

Disney (DIS) has closed its parks in Shanghai and Hong Kong, just as the resorts were gearing up to usher in what it called the "Year of the Mouse," a play on China's Year of the Rat. Disney had put up new Chinese New Year-themed decorations throughout the parks, launched new merchandise and introduced several Lunar New Year dining options.

Shares in luxury goods companies have taken a hit on concerns about lower sales during what is usually a busy shopping season. The stocks of LVMH (LVMHF), Kering (PPRUF) and Cartier watch maker Richemont all fell more than 5% last week.

Companies with a large presence in Wuhan are also preparing for trouble. Renault (RNLSY), one of several automakers with a major manufacturing plant in the city, said last week that it was "studying carefully" the issue. Automotive factories, like other businesses, were already closed for the holidays.
Peugeot (PUGOY) tweeted Saturday that it will repatriate its expat staff and their families from"the Wuhan region."

"At the same time, the group and its Chinese partner are mobilized to implement measures to take care of the Chinese employees of their joint venture," it added.

The coronavirus outreak comes "at probably the worst time for China," said Jude Blanchette, head of China studies at the Center for Strategic and International Studies in Washington. The Lunar New Year "is the single biggest economic event in China where last year there was upwards of $150 billion spent during the period, so the economic implications could be significant," he told CNN last week.

The period marks the largest annual human migration on Earth, during which time hundreds of millions of Chinese travelers usually cram themselves into homebound trains, buses and planes for family reunions. The coronavirus outbreak has prompted millions to rethink those plans.

https://www.cnn.com/2020/01/27/business/coronavirus-business-closures/index.html

https://www.businesstoday.in/markets/commodities/gold-price-today-yellow-metal-extends-gains-as-coronavirus-spreads/story/394697.html


"...Safe Havens Shine as Spreading Virus Spurs Rush to Buy Gold
"With no sign of containment, risk-off sentiment sweeps markets
Investors add to holdings in gold-backed ETFs as prices climb..."
https://www.bloomberg.com/news/articles/2020-01-26/gold-jumps-as-investors-seek-a-haven-amid-growing-virus-fears


At least one case of this new Corona-Virus has been reported in Arizona and even Toronto, Ontario ... virus
https://kerrmines.com/