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Neurizer Ltd (NRZ) and Gold

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Neurizer Ltd (NRZ) and Gold

Hi M&M, can you shed some light on Neurizer NRZ continuing trading halt? Will they ever trade again or will they disappear. Also, if the market corrects do you think gold will go south with the correction? Thank you. Keep up the good work.

Answer

Hi Tony,

Unfortunately, in the case of NRZ it appears a case of a picture telling a thousand tales – while the company hasn’t officially been de-listed it looks the likely outcome with the stock having not traded since March.

In terms of golds move if we see a correction by stocks, it’s very much a case of what the trigger is to cause the move:

  • If stocks fall due to global/political uncertainty it could lead to another leg higher by precious metals.
  • Conversely, if stocks fall as the path for interest rates gets increasingly hawkish (yields higher) gold is likely to fall.
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Neurizer Ltd (NRZ)
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