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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by Realnewson Feb 10, 2020 8:30am
89 Views
Post# 30666591

RE:RE:Not a good time to be long ANY gold miner

RE:RE:Not a good time to be long ANY gold miner
Just an observation based on market action the last couple of weeks I would have to agree with both Blue Line analysts and Seeking Alpha(which I consider a horrible source except for old news). In this Risk Off environment, investors are parking their money not only into the typical places such as treasury bonds but also into gold futures, which in this case doesn't naturally mean miners will benefit. Unfortunately this appears to be a short term parking of money a risk off approach until this Coronavirus issue resolves itself without miner participation. Then risk- on, back to the Meltup show in the equity markets. I wish it would appear differently but the current trend says otherwise.
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