At the moment I am taking a punt with a less than 10% stop loss, the reason for that was I saw a lift in the Gold price that had the look of a hint of sustainability, KCN moves fast and hard when it bounces.
Of course if I'm wrong which is more than likely I will slip out without incurring any real damage, but if I happen to be right the upside could be impressive, the odds are against me of course but the upside is attractive enough for the gamble.
I do not believe QE3 will be tapered and I do not believe that all is as well with the US economy as is being portrayed, the amount of margin debt is at a record high.
They had a go at suggesting a Taper some months ago and the market almost went into a panic just at the suggestion and the 10 year treasury bond yield spiked dangerously. The FED will say that fundamentals still do not support a reduction.
If kicked out of KCN, I will watch and wait for another opportunity either here or with RRL.
That is my 2 cents, DYOR, I like to gamble.
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Last
$1.26 |
Change
-0.005(0.40%) |
Mkt cap ! $323.4M |
Open | High | Low | Value | Volume |
$1.25 | $1.27 | $1.24 | $240.7K | 191.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1920 | $1.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.28 | 7667 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 29552 | 1.250 |
3 | 38760 | 1.240 |
1 | 2429 | 1.235 |
1 | 813 | 1.230 |
1 | 2200 | 1.225 |
Price($) | Vol. | No. |
---|---|---|
1.275 | 5746 | 1 |
1.280 | 780 | 1 |
1.300 | 10054 | 2 |
1.350 | 3787 | 1 |
1.360 | 13000 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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KCN (ASX) Chart |