GHT - the easy answer is:1. a fall in the Aussie dollar against...

GHT - the easy answer is:

1. a fall in the Aussie dollar against the US dollar

2. a continuing rise in the price of gold in US dollars AND Aussie dollars

3. a change in sentiment by the market - currently very negative about LGL.

These things go in cycles, and at the moment, LGL is "on the nose" for whatever reason. It doesn't need to be logical. When it becomes flavour of the month again, with a bit of good media coverage, it will rise.

I'm staying out until the charts show a confirmed uptrend, at which time I'll be back in.