Read the context
yes is does
Gold is priced in USD (it is the reserve currency of the world)
AS the US dollar drops the Price of gold rises(it is the anti dollar, even tho markets are markets and for short periods you can have both moving in the same direction for periods.
Gold shares are still in a bottoming process, as such ogx price is moving on fundamentals alone.
Once gold shares in general take off the movement to higher prices in the gold sector will be much more pronounced and at a much faster rate, that shld start to happen later this year.
Providing we ramp up production and start to increase areas of and for production as just announced and Eliseo etc this baby will fly beyond belief.
the figures of 30, 40, 50c being bandied around this site are and absolute joke to whats coming down the track
OGX Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held