I am a non holder and have been looking at taking a position. I found a diarised note to procure prior to May, I rarely do that so must have been keen on it last year sometime. I research that many stocks they become a bit of a blur sometimes. On RRL I see the shorts are running just under 4% which is not helping the situation and POG levels are certainly to blame. Upside it's over sold and the price is sitting at 2016 levels when gold was between $1,500 - $1,600 per ounce. I'm not to enthused about catching the falling knife here yet am keen to enter. Any thoughts on where the bottom is? this one is doing my head in, I can't see it yet. I am punting the US stimulus will positively impact gold prices in the short term. Would appreciate others thoughts.
RRL Price at posting:
$2.97 Sentiment: Buy Disclosure: Not Held
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