One correction: at the start of the video, when looking at the gold chart he said the price has fluctuated "1 or 2 percent, which nothing un-normal".
It is actually closer to a 15 - 20% fluctuation.
Another factor is with the AUD down about 7% on the USD (78c to 72.5c), many US investors would have exited Aussie holdings as already significant declines were exacerbated.
I recently sold some of my holding for break even as there is a lot of gloom and doom talk in relation to a market correction.
If I would have bought at the lows, I would have held, but I didn't.
In saying this, I agree with his comments in the video where people may be looking for value and moving out of over priced companies, which will definitely bode well for RRL, NST and NCM.
RRL Price at posting:
$2.16 Sentiment: None Disclosure: Held
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