Yes, there’s been a spike in the oil price, along with a corresponding spike in the POG. It’s always a lesson that these spikes instigate short term market responses, the current driver being Israel/Iran. How long this goes on remains to be seen but, also having watched and participated in gold market for a couple of decades, things do tend to return to ‘normal’ market action over time. It is this ‘normal’ market action which is far more reliable. Remember the hare and the tortoise? I thought nothing of the rise last week as my lived experience told me it would return most of the gains. We are also at EOFY so there are added market actions outside the normal drivers of the gold market/world instability at play here. In the past year NST has risen 58.22% so there’s a lot of room for tax positioning.
Cheers… Cazzex DYOR.
NST Price at posting:
$21.21 Sentiment: Hold Disclosure: Held
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