"At these levels the sp has been oversold and in the current gold environment it will only be a matter of time before operations will prevail and the company will be back on its long term uptrend towards $1."
Pfft. The S&P 500 stayed overbought for 3 years between 1995 and 1998. Stocks can stay overbought and oversold for years. It doesn't mean anything.
What gold environment? GOLD in AUD terms is range bound. Take a look at it.
Long term there is no trend. If you want to nitpick, it is probably long term down as it did not set an all time high on the last run. But at best it is long term sideways.
Will see how the close is...
VRE Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
