For one the market for resource stocks hasn't been good for some time, if anything quite BEARish even though spot prices have been brilliant A$2900-3,000oz Gold ... I think this will end maybe as soon as NOV-DEC but more likely 1H24.
At some point the spec-into funds will hunt out these bargains again on mass .. at present we just aren't seeing the interest we did during periods in the past and if the SP aren't rising then punters don't join in esp when they are finding it hard to survive with the cost of living and DOOM merchants of recession..business depression deflation... WAR inflation,US shutdown etc ..FEAR is running high..
Just need some stability .. high-interest rates will also be sucking out spec funds ... when you can get 6% pa on NZ bank Deposit 1yr fixed at present ..those fearful masses always going to take BANK deposit over ASX spec producer
For one the market for resource stocks hasn't been good for some...
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