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Steep Decline

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Super Contributor

Steep Decline

Any idea why this share is getting hammered.....
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4 REPLIES
Super Contributor

Re:Steep Decline

Some dude resigned !!!!!!
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Regular Contributor

Re:Steep Decline

It is the sector. Not only GFI. Look at sibanye and anglogold
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Super Contributor

Re:Steep Decline

Rand has appreciated significantly against the dollar. Interest rate hike in US, makes gold a costly commodity to hold, this in turn is impacting the demand for the precious metal.
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Super Contributor

Re:Steep Decline

Risk on in the market. When that happens precious metals drops off the radar.
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