That’s how I see it too. The market correction is happening and the sentiment towards gold is changing fast.
The probability of a “Gold Rush'' outweighs the probability of “panic selling” over an operational hiccup that might have resulted in a moderate (although considered material) adjustment to the original guidance. Our loss over this “geotechnical issue” is relative in that RRL won’t go up as much as its peers’. The following graphs are very telling:
In the past 5 days, BitCoin down 11.2%, NASDAQ down 5.8% whereas Gold futures up 1.2%.
In the past 3 months, BitCoin down 30.13%, NASDAQ down 5.75% whereas Gold futures up 2.02%.
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