Dan what you stated is the absolute opposite of reality.
Hedge funds, super funds etc will pile into safe haven assets when unemployment increases and the economy weakens. Retail is only a minor part of the sharemarket (except for Aust). About 20%. Unless the stimulus package passes and soon, then unemployment will go higher and hence good for gold stocks. On top of this FED printing more money devaluing the USD. FED currently with 7.1 Trillion USD on their books. Next stimulus round of $1 - $3 Trillion more. Central banks buy gold to protect their currencies' purchasing power in the event of inflation.
OK the coronavirus fears are subsiding but the rest of the issues are still in play.
WAF $2.00 Party - You're all invited!, page-532
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Last
$1.37 |
Change
-0.015(1.08%) |
Mkt cap ! $1.558B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.43 | $1.37 | $3.826M | 2.759M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11685 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 49905 | 1 |
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| WAF (ASX) Chart |