As example someone wrote earlier everyone will jump into gold and share price will rise as they get out of others due to the ASX tanking
Well let's have a look at just one ASX company. SBM and then OGX
Both are gold ASX companies.
Have a look at today's change in shareprice
The point here is yes I think investors will get into gold stocks more, but which gold stocks? Ogx, I think not. In fact a opposite effect will occur. A lot more investors will pile into gold, and greater analysis will be done on all gold stocks. Ogx will be labelled an absolute failure. News articles will highlight the high performing gold stocks to get into at times of uncertainty.
Ogx will be labelled a dead duck. And it'll be all over.
Unless of course some material news comes before Xmas
JG doesn't seem to care much for informing his investors and shareholders these days.
Too busy listening to his family members playing piano and not enough time governing the ship imho (hope you are reading this JG)
OGX Price at posting:
2.1¢ Sentiment: Sell Disclosure: Not Held
