Sydney - why does the day to day price worry you so much?
This quote is used a fair bit, but have you ever heard that "in the short term, the market is a voting machine - in the long term, a weighing machine".
In other words, the short term behaviour is not rational, but over a longer period, it is.
Think of it this way... This time last year, IDC was sitting @ 30c/share, with LESS going for the company. Now it has a JORC compliant resource of about 2mil oz gold, yet it's somehow worth less...
Just because everyone else is afraid of the sentiment being pushed by the media, it doesn't mean you should be too, as it may not apply to the investment you wish to make.
Ofcourse, this is easier said than done, but you get the idea.
(All IMO ofcourse, please DYOR)
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