Post by
oxinos on Apr 06, 2020 9:33pm
The law of gravity is working against...
Gold mining stocks. When the trend is down it doesn't take long for gold stocks to sink at unbelievably low levels and even to make multiyear lows as has beenthe case with ROXG and of course with other gold mining stocks. It took only 10 trading days for ROXG to sink to a multiyear low of 56 cents from March 3 2020 to March 16 2020. -A 43 cent dive from the 99 cent price it had on March 3 2020.
Since then we've had 15 trading days, an exceptionally favorable gold price and yet the stock is still down 18 cents. But considering where the price of gold is it should have been trading closer to $1.40 than at 81 cents. I hate shorts with a passion. The world would be a much better place without them.