my view is NGF is a crazy bargain. A$-gold goes up $400 and NGF goes from 14/15c to 22/23c. A$-gold falls $100, or roughly 25% of the upmove in A$ terms and NGF gives up 75% of its gains. Nuts. Just nuts.
I've traded for 20years and I know all the reasons about liquidty and global fears blah blah blah. At the end of the day the market presents opportunities every now and then that are lopsided in your favour. This is one of those and I'm on the bid at 17c for some more.
my view is NGF is a crazy bargain. A$-gold goes up $400 and NGF...
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