The reason why it went down today is because we sell Iron Ore!
The Iron Ore Spot price dropped 60cents yesterday.
We also sell our product in Australian dollars and the The Aussie dollar jumped from .936 US cents to .944 Us cents.
Could please stop writing about the great mystery of the movement in the AGO SP. lol
By the way the Aussie has gone back down again and the Shanghai Composite had a fairly positive finish, I wouldn't be banking on AGO dropping back to fill a gap 1.075 just yet.
My bet is AGO will jump up and down about 2 or 3% tomorrow.
Any one got any views on tomorrow?
By the way it was -10c during the day in some places in Northern China yesterday. Usually this doesn't happen until mid December and even then this would be considered unusually cold. IMO it won't take long for the steel mills to start panic buying in anticipation of the coming big freeze!
AGO Price at posting:
$1.18 Sentiment: Hold Disclosure: Not Held