Just read about the above. The big guys have been shorting in paper gold lately in a big way. As a result POG took a beating.
They will need to cover their short positions and this will push up the gold price as they scramble to do that.
There is already sign of it. As I write POG has risen over US$20/oz.
We can look forward to some good price rises in the immediate future.
epic short positions in gold
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Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $5.845M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $8.277K | 2.234M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 63 | 59632388 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 26559698 | 24 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| AAU (ASX) Chart |