Mates, you all need to relax a bit things are going well so far for gold,this could be just a warming up.
Problems in the US is just starting not the end, there is a good chance the US dollar to go down a lot more, more than you can ever imagine, there is no way they can fix the problems by puting in more cash or by banning short sellers, they are not the problems mates they still can short the market by way of options so in Australia we can still short the market by writing calls or buying puts.
I don't believe you can destroy a company like WOW or TLS by shorting them,simply those companies are too strong and profitable at this time. When the US dollar goes down more and there is a chance for that to happen then you will see gold is going to fly a lot higher and LGL will reach their high again.
The American can't possibly help every big companies and banks that are going into trouble and poor tax payers they are the ones that are paying the bills..... hey someone some day will have to pay for all this and ONE TRILLION dollars it is "a conservative amount" is a hell a lot of dough, so probability for more problems are very real and that is the best for gold.
You can't fix problems like that in a few weeks it will take them years and in the meantime things can get worse.
Relax LGL is just warming up.
Short sellers are sometime good for the market as they provide liquidity and you can't have two rules for the same game, as you or anybody are allowed to go long and force the SP to go up so you should be allowed to go short as well the risks are yours.
Solid, profitable and good managed companies will always rebound no matter what short sellers do.
Cheers.
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LGL
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$1.84

Mates, you all need to relax a bit things are going well so far...
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Last
$1.84 |
Change
0.025(1.38%) |
Mkt cap ! $223.9M |
Open | High | Low | Value | Volume |
$1.85 | $1.85 | $1.80 | $28.49K | 15.81K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5714 | $1.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.88 | 8800 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5714 | 1.750 |
1 | 528 | 1.730 |
1 | 1000 | 1.710 |
1 | 25000 | 1.700 |
1 | 100000 | 1.515 |
Price($) | Vol. | No. |
---|---|---|
1.880 | 8800 | 2 |
2.170 | 4606 | 2 |
2.180 | 3900 | 1 |
2.200 | 2272 | 1 |
0.000 | 0 | 0 |
Last trade - 10.43am 30/07/2025 (20 minute delay) ? |
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LGL (ASX) Chart |