The Australian economy is today collapsing.. gold the only beacon of light to an otherwise hopeless case. With this in mind it is ironic that our little goldy is done again today.... in a market of 99.9% bad news you would think the record gold price is insane bullish macro environment that gold stocks would be racing to the moon.. guess the general public is so completely clueless they are still looking for something to wipe there bum let alone thinking about the only asset classes that will prevent a huge loss of standard of living..
Only gold and silver will save us here financially.. gold and gold stocks will be the last thing i sell. Gold stocks going down today (producers) is the most ironic thing i have ever witnessed.. unprecedented times call for crazy paradoxical situations.. none more hair-brained than ASX gold stocks going down.
Gold in AUD $2620 --- Beacon 2.4c (in March 23th 2020)
Gold in AUD $2050 -- Beacon 5.5c (August 2019)
Huge increase in gold, full steam ahead with production and no issues.. this is my case for the most insane breakdown of share-prices.
In times like this, gold comes into its own as a safe haven.. hard to believe the way the SP has performed.. can only conclude this is a full crash and people are desperate for cash.. next real estate will fall off a cliff.
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