Future prospects for raw materials
Commodity prices have been hit hard, and China's important economy has suffered a huge setback. Estimates suggest that the global GDP growth rate of around two percent will be the lowest in 30 years. The economic damage caused by the virus is one thing. The other is the damage caused by market psychology.
However, according to experts, the economy should fully recover in the second half of the year. The experts at Goldman Sachs believe that the S & P 500 Index (which comprises the shares of 500 of the largest listed US companies) will still fall. But, according to chief equity strategist David Kostin, for example, bear markets created by a particular event are followed by a significant recovery.
With silver mining stocks, for example, it is particularly important to keep a cool head. Because the silver price has plummeted. The gold-silver ratio has risen sharply, to almost 124, so it only helps to keep your nerves strong, because times will change again. Good silver companies remain good companies even in times of crisis, such as Endeavour Silver or Discovery Metals.
Endeavour Silver has been producing successfully for years in three silver mines in Mexico: https://www.commodity-tv.com/play/endeavour-silver-turn-around-of-production-and-financial-performance-in-2020/. A fourth project, Terronera, could become the largest and most durable mine. Further projects are being pursued in Mexico and Chile.
Discovery Metals is also focusing on silver in Mexico: https://www.commodity-tv.com/play/newsflash-with-discovery-metals-aurania-resources-and-corvus-gold/. The main project is the Cordero Silver Project, which is 100% owned by the Company.
Recent corporate news and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and Discovery Metals (https://www.resource-capital.ch/en/companies/discovery-metals-corp/).
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