Gold Resource Corp (GORO)

[GORO2020]

Yea Reid sounded like he would have rather been doing something else. My experience of more than 30 years in the Great Casino, most CEOs really hate having to do the earning calls. I would hang for another 2 "Q" because I believe Isabella is going to produce a BUTT Load of GOLD.

GORO share price will move with the price of Gold and it will be capped somewhere around the current 52 week high unless the company picks up additional coverage for the rest of Q1. Record Gold production in 2019 sets the table for 2020. FULL Production coming on line in Isabella should secure another Record Year of Gold Production at metal prices that will be $150 to $450 dollars above what was achieved in Q4.

Today's trading price action was on strong Volume and if you follow trading patterns for GORE, the last 10mins of today's trading there was a WALL of Bids at $4.60 and the Stock closed the day on an UP Tick which IS Rare. My guess...........Institutions were adding or initiating new positions today. I'm expecting additional buying interest at the open and depending on what COMEX does tomorrow, will more than likely get the share price above $5 dollars then the trading range will begin.

I'm listening to Mark Mobius right now on Bloomberg and He's calling for a Credit Crisis in Asia in Q2. A real Banking Crisis is brewing in Hong Kong and South Africa is about to be Down Graded by at least 2 Credit Agencies as the fall deeper into Recession. You get disruptions in Mining Operations because of Labor Unrest it could add additional support for higher Gold Prices. Mobius JUST SAID that EVERY INVESTOR should have at least 10% of their ASSETS allocated to GOLD!!!!!!!!!!!!!

I'll see if I can find the video interview on Bloomberg tomorrow morning. US Equities has another 15% Minimum before a floor will begin to form. That would be a 30% Correction...........That's YOUR Best CASE. MY ""OH SHIT"" has US Equities Falling more than 60% led by the Energy Sector. Crude FALLS below $40 the Credit Defaults and Bankruptcies are going to be Historic in the sector.

Global petroleum demand is forecast to take a steep hit as the virus spreads more widely, with Morgan Stanley cutting its demand growth forecast for 2020 to 500,000 barrels a day while Goldman Sachs sees global oil demand shrinking 150,000 barrels a day, the lowest annual growth rate since the 2008/2009 financial crisis.


History was made today........10yr Treasury Yields for the first time in 150 YEARS fell below 1%


Wall Street Oil Outlook Crumbles

Wall Street Oil Outlook Crumbles as Goldman Sees Contraction
By Javier Blas and Jackie Davalos,
Bloomberg News

(Bloomberg) -- Goldman Sachs Group Inc. became the first major Wall Street bank to anticipate that global oil demand will contract in 2020 for only the fourth time in nearly 40 years.

The dire forecast came just as influential oil-market consultants, Facts Global Energy and IHS Markit, also published similar warnings, creating an ominous backdrop for the meeting of OPEC and its allies in Vienna this week.

The group faces a steep challenge: getting countries to agree on a deep enough production cut to keep the market from sinking into a glut, while the outlook for demand grows dimmer by the day as the coronavirus spreads.

Goldman sees global oil demand falling 150,000 barrels a day, while FGE expects consumption to shrink by 220,000 barrels a day. The spread of the coronavirus from China across the world is threatening economic growth -- and fuel demand -- as companies ban travel and supply chains are disrupted. The U.S. Federal Reserve implemented an emergency interest-rate cut Tuesday to combat the economic impact.

Global oil demand will fall by 3.8 million barrels a day in the first quarter from a year earlier, which would be biggest decline in history, IHS Markit said in a report. Even if there’s a recovery in the second half, it appears that full-year consumption will be less than in 2019, the consultancy said.

Other firms, while still calling for higher demand, are getting more pessimistic. Morgan Stanley reduced its growth forecast to 500,000 barrels a day due to deeper refinery run cuts in China than previously thought. Energy Aspects Ltd. trimmed its outlook by 200,000 barrels a day, but said it’s not ruling out a scenario where global oil demand doesn’t grow at all.

China, the world’s biggest oil importer, will see fuel demand decline by 36% in the first quarter, according to researchers affiliated with China National Petroleum Corp., the state-owned oil giant. That will result in an excess of about 200 million barrels in the market, the researchers said in a Feb. 28 report.


Central banks have ‘far less ammunition’

Central banks have ‘far less ammunition’ to save the global economy from coronavirus
By Yen Nee Lee

Central banks around the world, including the U.S. Federal Reserve, have lowered interest rates to support their respective economies amid a rapidly spreading coronavirus — and more are expected to follow suit.

But investors and economists said there’s not much monetary policy can do to save the global economy, especially when some major central banks — such as the European Central Bank and Bank of Japan — have already cut interest rates into the negative territory.

“The fact is, we’re coming into this crisis with far less ammunition globally. It’s not just Europe or Japan, even in China they have much less ammunition than the last time they had to launch a stimulus package,” Alex Wolf, J.P. Morgan Private Bank’s head of investment strategy in Asia, told CNBC’s “Squawk Box Asia” on Wednesday.

Wolf’s comment came as the new coronavirus — also called COVID-19 — is quickly spreading globally and beyond its epicenter in China. Concerns over the economic hit from the virus resulted in the Fed making an emergency rate cut of 50 basis points on Tuesday.


BUY GOLD............ALL You CAN.......When EVER YOU Can!!!!!!!!!!