There'll be days like these, page-2

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wombat53

7,702 Posts.

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20/05/16

01:15

Post #: 17819018
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Originally posted by 10times10 ↑

As we saw today, with the POG fluctuations there will be opportunities for traders to re-position, manage exposure risks while the whole market declines, maybe take some short term profits in the ebbs and flows, (esp. as we near EOFY), . . then ratchet back in later, anticipating the next rally etc. Looks like this could have been one of those days for those so inclined. Gold miners (and explorers) are strongly leveraged to POG.

The thing is, TROY is well into the process of developing and expanding its (still new) resources in Karouni, so the stronger hands hold and can continue to accumulate in the dips if they have "dry powder" available.

In building their prospects on a sound and profitable footing, some of the medium term SP strength and growth can occur independently from the short term POG or market stimulus , so while there's bound to be days like these . . TROY's not that vulnerable and keeps growing stronger anyway . .

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It was certainly a TRYing day (well, a bloodbath for the whole Industry Group)..I added to 3 positions, including TRY. Whether it was a smart move remains to be seen.
US Gold is ticking back up over 1,250, and equities are deeply in the red.
Small Caps and biotechs getting hit the hardest
The HUI is just narrowly in the red....
US Major Market Indexes (Indices?) at time of Posting (1:10 am AEST):

TRY Price at posting: 66.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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