What's happening with this stock? Well......
This is all in my opinion. Not fact in anyway. Not advice.
1. Short term investors I don't think are going to wait until Jan next year for production updates and gold sales once the quarter is over.
2. A US rate hike is very well expected in Dec so if that happens gold price may sink and if US economic data continues to be positive gold price may continue to decline with the AU dollar not falling quick enough to onset the price difference.
3. All these world wide "terror" events are creating an unsettled and panicked market place.
Given these points there is quite a bearish market in miners and especially goldies in my point of view.
Again, all in my own opinion. Not facts. Not advice. Do your own research. I am just speculating and throwing around ideas.
What's happening with this stock? Well...... This is all in my...
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