It is good to see GOLD break $US 900 but I have heard that it becomes unsustainable much past $900 given a large chunk of the demand for gold is consumers (e.g for jewelry) and once that gets too expensive they opt out - this has a silver lining (maybe a appropriate metaphor for KCN) given that when gold drops bargain hunter consumers boost demand and provide a floor to the price.
This suits KCN just fine because it can make a healthy margin even at $US 500
breakout, page-8
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Last
$1.45 |
Change
-0.060(3.97%) |
Mkt cap ! $373.7M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.54 | $1.44 | $1.550M | 1.048M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7349 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 5718 | 1 |
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| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |