by John Rubino
A long list of companies ranging from cruise ship operators to retail chains to airlines to restaurants are on life support. Many others (we’re looking at you, IBM) have spent billions buying back their own stock with borrowed money and now, even if they survive, look ridiculous.
Is there anyone left out there with good year-ahead business prospects? Why yes there is: High-quality gold miners have been accumulating reserves that made sense when gold was considerably lower. Now they’re producing at a profit and have free cash flow to distribute to shareholders. Assuming the gold price stays more-or-less at current levels, these companies will be almost unique in reporting positive year-over-year comparisons in 2020.
For an example of what’s coming, check out what Kirkland Lake Gold just released: