I’m guessing you guys have been holding out for the story and carrying losses - sorry for that I know it’s not fun.
I’m not at all - just following markets closely - XGD is by far the most primed of all the ASX indices - gold is lighting up world markets look about to roll over - AUD at risk from a local property nosedive.
Nothings guaranteed but I’m just a simple trader seeing trends, there’s lots of smart chartists on HC and other places seeing it - there is heavy smart money entering AUD gold.
GCY is sure marginal but the big boys have run -will keep running and the small caps are picking up too - these marginal ones will be very valuable if gold keeps going as they are priced for failure basically - AUD gold gets up to $2,000 and we are looking at $50 mill profit here - the market won’t ignore it...GCY will rise on hype.
All ifs and buts but I would be watching the indicies here
GCY Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held