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wuzf Endeavour Mining CFO Christian Milau Sees Upside for Gold Prices
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Canadia stanley quencher n corporate earnings for the second quarter of 2020 have been mixed so far. They have not been so negative that it could lead to a crash. So, one can expect the ongoing rally in TSX stocks could continue, at least in the short term.Some of the Canadian giants that reported their quarterly earnings this week include C stanley cups anadian Natural Resources TSX:CNQ NYSE:CNQ and BCE TSX:BCE stanley termoska NYSE:BCE .Top TSX stock: Canadian Natural ResourcesThe entire global energy sector is reeling under pressure this year, driven by volatile oil and gas prices. Almost all Canadian energy companies reported huge losses for the second quarter, and Canadian Natural Resources was no exception.The second-biggest energy company, CNQ reported an adjusted loss of $772 million in Q2, as the pandemic dented the oil demand during the quarter. The loss more than doubled than the loss in the first quarter and a billion-dollar profit in the second quarter last year.However, there is a silver lining in its Q2 report. Th Wxjl Growth Investors: 2 Stocks That Have Outperformed the TSX and That Could Grow More!
There were claims mid-last year that precious metals had broken out of their protracted slump and entered a new bull market. Gold certainly didn t disappoint, surging to US$1,364 per ounce in early July last year, its highest price in almost three years.Nonetheless, while gold has firmed in stanley cup recent weeks, silver has pulled back sharply creating an opportunity for investors to boost t stanley cups uk heir exposure to silver.聽Now what Firstly, the value of silver is linked to gold and over the last few weeks the gap between gold and silver has widened considerably.This relationship is reflected in the gold-to-silver ratio, which expresses how many ounces of s stanley quencher ilver are required to buy one ounce of gold. Currently, 74 ounces of silver are required to purchase one ounce of gold, indicating that silver is undervalued relative to gold, making now the time for investors to load up on the lustrous white metal.Secondly, industrial demand for silver is expected to grow solidly over coming years.Because of its cond
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