We haven't had that real taste of enthusiasm of late in regards to the gold price so here goes.
ABU has TOTALLY outperformed its peers in the last two days by only falling a mere 5.26%
EVN is down more than 10%, MML totally smashed from its recent high of $2.97 to as low as 2.30 today. that's more than 20%
NCM only down 4%
PRU 10% down
SBM approx. 20% down in 2 days also.
That's a great effort from ABU considering that gold has been punched down to 1366
The double whammy is the AUD RISING to 91.53 cents, which has also translated to a much weaker $AUD gold price having fallen to below $1500 NOW $1496 when $1600 was touted so recently
The good thing is though that ABU is still outperforming its peers!!
Cheers
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