Club Mulgoa

Monday, June 24, 2019

Gold Stocks: NST, GOR, EVN and Canadian B2G

The price of gold is climbing because of Donald Duck's behaviour and the heighten tension in the Middle East.  In the mean time , AUD$ is falling too.

In theory and in truth, the price of gold in AUD$ has risen a lot.  While gold stocks have risen, with further massive rise in the price of gold, you would expect big ASX gold stocks to rise in value.

Unfortunately logic does not always prevail!  I didn't top up any of these stocks because they had already risen (but not rising further with the bigger increase in price of gold).

Monday, June 10, 2019

ALK

This was an almost dead duck, frequently drowning in a pool.  Whenever it drowned, it somehow floated up again but remained for many years in the negative.

However, finding more gold was a great incentive for it to remain afloat but it continued to drown!  Recently, because of the trade war initiated by Donald Duck, the Chinese may retaliate by cutting supplies of rare earths to the USA.  And this is the real resuscitation... by another duck, ie Donald Duck!

I have topped up because of its promising future.  And today, without any announcement, it has gone over my buy price.  Considering inflation effect, it is still a negative return but I have more hope for it.