G`Day Spec1,
Everyone has their opinion and I respect yours.
I noticed you mentioned "short term," I`m a buy and hold person so not too worried about the short term, weather etc. WGX is a great turn around story and under what would seem like good management. The main reason it`s getting it`s backside kicked is exactly what you said, it`s had a great run up therefore investors are panicking, getting out to save some of their profit, but where are they going to put their money?, chances are they will start buying back in again at higher prices, gold stocks are very undervalued, WGX was about the same price at the end of 2000 with a gold price of circa AUD 2000.
Generally speaking, I see what would seem to be manipulation in the gold stocks and a situation like today just encourages it imho. Also, I have learned not to put much emphasis on hot copper posts, as this also can exacerbate peoples fears. BTW AUD gold up $9 today so far, X 220,000 ounces, 1.8mill today so far, not too dusty.
All the best
kev
G`Day Spec1,Everyone has their opinion and I respect yours.I...
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Last
$2.90 |
Change
0.060(2.11%) |
Mkt cap ! $2.735B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.99 | $2.90 | $8.124M | 2.777M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 90129 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 103 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WGX (ASX) Chart |