My take on this correction in US is that it relates to particularly US issues ,(rising interest rate fears),was triggered by good news (strong economic indicators) and that it will be short lived !!
Along with this we have a weaker A$ which is welcome for most of my stocks !
The A$ gold price is close to 1700 and the odd gold producer actualy rising this morning !
Unfortunate for small caps like AZS but a good reminder of how unfair and unpredictable the market is capable of being and why goodmanagement tend to be prudent more than adventuresome .
If the latter they need to make sure the risk ,(and make no mistake their is very real risk), is justified by the potential reward .
AZS Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held