Talk about irrational exuberance, hang on, I mean illogical capitulation, those dumping their IGR shares should take a peek at the Aussie dollar gold price.
With all of the negativity coming out of the US and the trashing of the gold price in US dollar terms, the Aussie gold price has increased from around 920 to its current value of 976.
The panic thinking sweeping through the gold sectors in an inflation riddled world is quite absurd, and on the ASX, the relentless selling of gold shares defies explanation.
Enjoy your holiday nugget!
Cheers Nev
IGR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
