Don't be fooled false leads

Hi Folks

World markets are tumbling at a huge rate because of the corona virus. Generally across the board market falls are a boost to gold price and usually to gold miners.

Don't be fooled by the big fall in Aussie gold miners price over the last couple of days.

Go and have a look at the following

GDX (VanEck Vectors Gold Miners ETF (GDX)) as at 13 Feb 2020 was are 28.08 as of 27 Feb (GDX) was 28.15
USGold price as at 13 Feb 2020 was are US1576 and was as of 28 Feb was at US1627
EVN share price follows the GDX almost exactly 13 Feb 2020 was are 4.10 and was as of 28 Feb was at 4.04

Manipulation gone crazy.
Between 13 Feb to 27/28 Feb the US gold price rose US51 per ounce or about 3.2%
EVN fell by 1%


Games are being played.

Usually in a stock market correction especially in a big one gold rises and the stock market falls.

I suspect the that the stock market after a rebound or two still has a long way to fall.

Eventually the gold market will rally into this event.
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Just my opinion , DYOR.

good luck in troubling times folks

cheers Lies