RMS 0.91% $2.22 ramelius resources limited

Ann: Diggers and Dealers Mining Conference presentation, page-28

  1. 39,733 Posts.
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    "It appears to me that some big boys desperately want to keep gold and gold stock prices low and accumulate."

    Maybe it's possible but not something I believe .
    This all about GP and is very general , not about individual companies .
    Not to say that the GP hasn't been rorted previously by traders for profit and even by governments , won't say who , but am not aware of any indication of what you are suggesting .

    Also widely accepted that crypto's are taking some of the shine off gold .

    But it's mainly positive sentiment at present for the US economy and bond rates as I understand it that's reducing need for safe haven assets and reducing the GP.
    Paper gold market is bigger than the physical and has a big effect and it's the knee jerk reaction to those unemployment numbers that seems to have done the damage and put some fear into the sector as well .
    All very much IMO.
 
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