I've been watching RRL for a little while and keep wondering why it keeps getting sold down. Even this morning with most goldies trying to rise RRL is trading stagnant (even SBM up strongly). Does anyone have any thought re this constant selling down.
By the way, I'm waiting for the day when Aussie goldies finish strongly to confirm that sentiment has turned for the sector. For the past week or so, most goldies open up and then finish lower as the selling comes in (signifying smart money or larger investors). I would like to see the goldies open up mediocre (e.g. today) and then finish off the day really strong. To me, that would signal that the smart money has turned their attention back to goldies which means there is more probably of a sustained rally IMO.
RRL Price at posting:
$3.80 Sentiment: Buy Disclosure: Held
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