Definitely agree. The churning yesterday and today has shown me the support behind this company. If it's goes down it's because people are scared or doing minor profit taking (I'm sure anyone that highly understands this company knows that there is no profit at .25, it's more like profit at .75 and beyond), but I still will hold because this seems to be the Christmas gold play that you want to be part of. We are still above the gap from Monday and I've seen this trying to break .235 and it's a ghost town of sellers. That's why I have been asking the VWAP the last couple of days, to give me the assurance that my average price of .25 is not expensive according to chart action. Also I think today's muted move could have been partially offset by the gold price last night/morning?
From a gold perspective, In my opinion gold prices will rocket higher after the fed announcement to raise rates. And the higher the rates, the higher gold will go. That whole "higher interests are bad for gold because it increases the opportunity cost of non yielding assets such as gold" is BS in my opinion. I hope they raise rates, and do it fast because the faster they do, the higher gold will be.
I am good friends with a member of the board at NST. I will talk to them if they have heard about DEG and also what they think about the area where the project lies.
GLTAH
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Last
$1.20 |
Change
-0.005(0.41%) |
Mkt cap ! $2.888B |
Open | High | Low | Value | Volume |
$1.21 | $1.22 | $1.20 | $544.7K | 452.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 28830 | $1.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.21 | 51472 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 144535 | 1.200 |
9 | 120789 | 1.195 |
15 | 119438 | 1.190 |
8 | 46130 | 1.185 |
10 | 68705 | 1.180 |
Price($) | Vol. | No. |
---|---|---|
1.205 | 60982 | 15 |
1.210 | 148260 | 9 |
1.215 | 185996 | 9 |
1.220 | 246580 | 10 |
1.225 | 57730 | 8 |
Last trade - 10.17am 30/08/2024 (20 minute delay) ? |
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DEG (ASX) Chart |