Three gold miners and one diversified miner and general resources prices in a correction over the last 12 months. Norther star NST22%rise but a five day loss3.7% Evolution mining EVN26%drop Newmont mining NEM 25% drop BPH GROUP BHP11% drop
Commodities such as iron ore, coal, copper, gas, lithium all in a large correction, falling from 30 to 85% . A general commodites correction appears to be causing negitive sentiment for gold. Expectation for higher returns are also causing a correction in the gold sector.
If you had 20 million would you invest it in RMS tomorrow and risk losing 20% capital value and only recieve 2% dividend return and lose around 3% holding cost from high inflation. The market is made by money mangers not hobby traders especially when a company like RMS has transformed to a large gold producer.
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