RE:RE:ABCD move D wasn’t done
Patient1nvestor wrote: We are not a producer and won't be one for another 5 to 10 years, so logically speaking, price of gold should have little impact on our share prices. However, share trading and investment for that matter can have more to do with market sentiment than with fundamentals.
no we are not a producer .But substantial moves in gold 15 plus dollars up or down doneffect everything gold even NFG and as gold moves higher the moves will have to be larger to effect everything gold in either direction .Market sentiment is improving but not enough yet to really move things. The price of gold effects the majors balance sheets which puts them in a position to aquire or in a position to scale back thier production either way substantial moves in gold do effect the JR space to think there is no effect is like putting your head in the sand . When the D move is over we can expect a sharp move up in gold before we get a mild correction on the B move the C move is the big one