RMS 1.07% $1.89 ramelius resources limited

Merry Christmas everyone! Adding to this, the external factors...

  1. 127 Posts.
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    Merry Christmas everyone!

    Adding to this, the external factors have just shifted in our favour:

    As of last night, the NYSE is in a bull market, i.e. the POG (in USD) will probably hold if not keep going higher. The shortest bear market in history lasted three months (average: 1.4 yrs). This means, we will see POG (in USD) providing support for at least the next quarter maybe much longer into 2019. Very good indeed to be in gold now.

    Further, I would not be surprised if a fund takes a position in RMS very soon. This would be reasonable and is probably standard procedure for them in bear markets. I reckon, RMS would look very attractive for a fundie, especially since there is now a divvie policy.
    Last edited by Parragold: 25/12/18
 
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