Jan. 2 we were $15.45 as opposed to $19.88 today. Certainly down on where we were and frustrating.
Not just tax loss selling but capital gain selling to offset other losses, along with a number of tax related reasons as well … some of those ‘other’ may be new taxes more than likely coming our way in the year ahead, potentially.
Gold and gold stocks have had quite a run up. Maybe the run up in stocks was too fast. Gold in January was around $US2600; today, $US3371. As I type, gold is up $US4.00 to $US3372; gold in $AU is up $64 to $AU5287. By the morning who knows, we could be in the red again. Favourably, we need the AU gold price to rise substantially to offset rising oil costs. Over $AU5000 is amazing, if it keeps rising it’ll be hard to ignore investing in Australia’s second top gold producer, over a quarter the share price of NEM and aiming for somewhere around half their production over the coming years.
Cheers …
Cazzex
DYOR And correct me if I’m wrong.
All in my opinion only.
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