This month should be the low for this correction in the markets (not just gold stocks). June tax loss selling is one reason why there is so much weakness. Also, it doesn't matter if gold is strong relative to the Dow or nasdaq. When those markets go down they pull everything down (as valuation metrics get adjusted on a relative basis). I think there be a 3 month swing back up in the general markets come end of June. That will help gold stocks fly (especially if gold stays strong and oil stable).
This month should be the low for this correction in the markets...
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$13.71 |
Change
0.250(1.86%) |
Mkt cap ! $15.75B | |||
| Open | High | Low | Value | Volume |
| $13.76 | $13.82 | $13.57 | $108.5M | 7.907M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 110631 | $13.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.71 | 48528 | 3 |
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| NST (ASX) Chart |