Far East Capital Newsletter
Bullion takes a bollocking and the largest graphite stock nose dives
8 Oct 2016

In This Issue


Bullion takes a bollocking and the largest graphite stock nose dives

There was starting to be an element of despair about the market for golds and smaller mining stocks this week, typical of what happens when a healthy pullback becomes a correction, and then degenerates into a selldown. Traders in particular start to demand answers from advisors and companies and the brokers start to take on the role of grief councillors, but it is just how markets work. There is nothing to be stressing about, in most cases.
The fall in the gold price on Tuesday evening in New York was something of a mystery. Is it the debate about interest rates of the performance of Donald Trump in the polls which is more influential at the moment? Or, is it simply the case that gold has exhausted its efforts to move higher, so that it was vulnerable to a spike down on aggressive traders trying to move the market one way or the other? Having been crunched down the next question confronting traders is whether or not it has come down far enough to encourage buying. We can never be certain. 

Suite 24, Level 6
259 Clarence St
Sydney NSW 2000

Phone: +61 2 9230 1930
Email:
Far East Capital

Home | Newsletters