I can only assume that you are aware that if this becomes a crash (unlikely ) or a major correction that all stocks will be affected yeah !?
Having shares in a gold stock does not protecting you from a crash or correction . This is not a hedge , Physical gold is a hedge !
Sure , gold will be amongst the first sector to recover but if the market were to crash there will be a whole lot of pain Especially down this Spec end of the market .
Just to give you an idea , The markets over all have not had a 5% correction over a month for over 11 months . This has only happened once before in the history of the stock market . A crash by the way will only be deemed as such if the over all markets fall by over 20% if that happens you know the big bad bears have won the fight over the bulls .
I am probably telling you what you already know as you appear well versed on how the markets work .
I hope you do not find me as being rude !
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Change
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Mkt cap ! $38.88M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $30.51K | 1.907M |
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No. | Vol. | Price($) |
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2 | 873552 | 1.6¢ |
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Price($) | Vol. | No. |
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2 | 873552 | 0.016 |
13 | 2954333 | 0.015 |
14 | 7112562 | 0.014 |
11 | 3119231 | 0.013 |
4 | 1491529 | 0.012 |
Price($) | Vol. | No. |
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0.017 | 1875294 | 1 |
0.018 | 500000 | 1 |
0.019 | 507000 | 5 |
0.020 | 1790000 | 7 |
0.021 | 2170961 | 7 |
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