Re: Trading Range
The current selloff in commodities will press AAUK to test the lower end its trading range!
I can see a hort term bounce from here, but the action is to the benefit of the USD, and financials if you
can believe that!
I've sold some juniors such as NXG which is selling at very cheap valuations! The South African golds
such as GFI and HMY are in the trash bin!
Given such pressure on gold and commodities in general, it's hard to see AAUK staying above $25