I'm noticing a lot of my resource and battery metal and gold exploration stocks are having good days even when the stock markets are down.
I think there is a decoupling happening here; mostly garbage yet massively hyped tech stocks and common or garden hum-drum stocks are getting battered, yet such is the demand and price inflation in battery, industrial, and precious metals that investors can now look past the pasting that 'the market' is getting and be unphased about continuing to accumulate explorers. Bear in mind that gold is often found in conjunction with other metals such as copper, and that Aussie explorers will often have a backet of projects...for instance, they may have both gold and lithium projects on the books, or gold and nickel.
Simple down days on the US markets are not enough to dissuade investors from continuing to load up on their favourite Aussie plays, particularly with the gold price holding up strongly. At this point I think you would need to see a deeper financial crisis to take hold before you will see any change in this trend.
- Forums
- Commodities
- GOLD
- gold
gold, page-105059
-
-
- There are more pages in this discussion • 23,724 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online