Australia's largest stock trading and investment forum Australia's #1 stock forum

Why I exited Gold, page-8

First 8 Last

Share
Profile

Follow
1ronnie

27,042 Posts.

2406

18/02/21

13:25

Post #: 51118735
Share

Originally posted by 1ronnie ↑

AUD Gold price has reverted to its Jan 2020 levels but if you look a lot of these gold stocks, their sp remain still substantially higher than they were back then. The gold majors are closer to those levels, NST and EVN are within 7.5-10% from their Jan 20 levels , RMS is still 200% higher (SLR also doubled from where it was in Jan 20), but a lot of gold juniors are substantially higher. That is understandable because gold juniors are only impacted by a lower gold price if the price remains low going forwards while the gold producers are immediately hit. It is not a direct benchmark to use but it is a warning that prices can retrace much steeper than the fall in the price of gold and the above is one perspective.

Expand

Correction incorrect re RMS and SLR as i was looking at Jan19 by mistake lol.
Upvote

0 Great analysis

Reply

Top Stories

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

HotCopper Highlights: Trigg; Droneshield; Lumos & more

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

AII

A new NASDAQ listing for a key player in the global critical minerals space

DRO

History repeats for DroneShield investors but carnage so far subdued

First 8 Last