SGW as I can recall were the masters of forward selling. Year after year they were achieving AUD$600 returns from gold sales, substantially above the spot price.
It seems that you cannot sell forward in AUD$. ?
So if it is done in USD$, there is not a (self contained)forward sell or hedge at all.
A second risk opens up, which could go anywhere. That is, the fluctuation between the AUD$ and the $USD.
The same thing applies, whether it is to do with gold or tantalum.
I am sorry to say, but why would you buy this stock, with a falling sword offered to you? Did you consider..."let the trend be your friend".
Your 5% stop loss was a good strategy.
Did a broking firm recommend the stock? When? And name them please!
SGW
sons of gwalia limited
SGW as I can recall were the masters of forward selling. Year...
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