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06/10/15
00:25
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Originally posted by marcell123
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Could someone please share some light into the reason why goldie stock shares are going up, whilst the POG hasnt increased that much compared to share price of goldie stocks.
I dabble with SAR, NST and EVN when opportunity presents itself.
Back in February, the POG peaked at AU$ 1590 and the price of SAR was .44, NST 2.36 and EVN 1.05.
Currently the POG is AU$1550 and the price of the above stocks are higher..
With todays POG, I thought a fair price for SAR would be around .43.
Could someone please enlighten. I am trying to understand the reason behind the movement.
thanks
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Easiest explanation is, XGD (all aussie gold mining) is at bottom & cupping... time for them complete the cup upward, we are in the gold bull cycle. Cheers