RE: Can anyone help6 Aug 2019 17:06
Mate, it is down to liquidity. More buyers vs sellers etc, depends on what people are chasing on the day. If other companies have stronger news announcements or stronger momentun that is inevitably be where the cash flows to, however you are correct there are many gold miners that are seriously undervalued at the moment. Sooner or later people will tweak and when they do expect to see some strong share price response especially in those that have a tiny free float such as SRB Serabi Gold. The other factor I am seeing in holdings of actual gold is that many cannot believe what they are actually seeing and are os the opinion that 'it surely cannot go any higher'. Been there done that and was very fortunate to witness it as the Bulls charged many times past $1500 and beyond (previously over $1900s), and every time peeps were saying 'it surely cannot go any higher'. A lot has changed since then and transactions in gold are lot more transparent under the recent rules making it incredbly difficult for the big players to manipulate the price.