RE:Tough market
Retiredgeo wrote: It is tough for the miners to get a bid today. There is malaise across the board. If there is a fundametal reason it eludes me.
Yes it's been a tough gold market these past few months. When investor sentiment turns negative it's never fun. NFG has a great asset with its discovery at Queensway so I'm hopeful they can build on their early success and get back in the groove this fall. SGD is the only one that I follow that seems to be doing well as investors await more drill results.
Everything else I follow is either down or stuck in neutral. Perhaps things will change after tomorrow's inflation numbers. The price of gold seems to be in recovery mode however most gold equities are showing very little life with low volume. We will be coming out of the summer doldrums soon so fingers crossed we start to see capital flow back into the sector.