Market Makers are Pricing OTCQX WFEMF Based on Gold Prices?Why are market makers pricing Woulfe Mining based on gold prices? WOF should be out performing the rest of the market due to the major importance of this strategic metal tungsten.
Maybe someone should explain to them the difference between tungsten and gold.
https://finviz.com/futures.ashx
Tungsten – A Vital Part of Modern Life
Best known as the filament used in conventional light bulbs, tungsten is among the world's hardest materials.
Its ability to withstand extreme heat – the grey metal is corrosion and fire-proof – makes tungsten irreplaceable in a wide range of applications, including circular electric saws, drill bits for oil and gas exploration, and rocket engine nozzles.
But tungsten is more than just an extremely hard metal. Indeed, modern life virtually revolves around it and, in most cases, there is no substitute.
"Without tungsten, Western manufacturing comes to an end," Nick Smith, manager of investor relations at Woulfe told Tungsten Investing News. "You are not working with steel without tungsten. There's no global mining unless you have tungsten-tipped drills."
And now, high-tech industries are driving demand even higher.
Tungsten is vital to the manufacturing of electrodes used in solar panels and nuclear equipment. More importantly, it's a vital component in the touch screens of smart phones and tablet devices now exploding in popularity around the world.
https://www.resourceinvestor.com/2012/06/12/why-warren-buffett-is-loading-up-on-tungsten