Newcastle Minerals Ltd A.NCM

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

[Smittle]

News Bites

Gold's new price floor of $1,550 is its 'buying opportunity' — Scotiabank 

 

Anna Golubova  Monday February 10, 2020 16:39

 

 

Realnews wrote:
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.