RE:RE:Good morning everyone. Here we go again. POG down
Global1966 wrote: I'm struggling to understand how a $30 an ounce variation in the price of gold impacts a gold exploration company where no one knows how many ounces of gold it has
It has to do with market sentiment. Right now the market sentiment is negative towards gold. Gold is lacking direction currently. So the hot money chases other things like crypto currencies or uranium or whatever is hot for the moment. I know a lot of young people who are into cryptos and playing stocks like AMC Entertainment and GameStop because they seem to relate to those things more so than gold. I don't understand it because in my opinion all of that stuff seems extremely overvalued and gold undervalued. But it doesn't matter what I think only what the market thinks. And right now the market thinks there is better places to put your money.