"Stupid investors are selling everything. There will be bargains in gold stocks - going to buy more gold shares but not today as they may go down even more. "
You are probably correct , I tend to look at a floating $A as a good thing as it tends to lose value to the $US when the proverbial hits the fan state side , so making POG in $A go up so good for the goldies ,
UG miners tend to benefit more than OC miners as a smaller proportion of UG energy costs are diesel (which goes up with a devalued $A) compared to OC miners and SPR when running has a process plant running on gas rather than diesel would be in SPRs favour also
Guess we just have to ride out the storm , and keep the powder dry for any opportunities .
Gold and macro environment, page-108
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Last
$1.11 |
Change
-0.100(8.26%) |
Mkt cap ! $1.228B | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.19 | $1.09 | $8.904M | 7.933M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 168874 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 30000 | 1 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| SPR (ASX) Chart |