Hello fellow holders,
I am new to HC and am trying to make some sense about the sharp/unusual/ irrational price movement of gold and subsequent out-of-proportion impact on RMS SP. I found some interesting information and would appreciate your thoughts on these:
https://www.gold.org/goldhub/research/gold-market-commentary-july-2021
https://www.gold.org/goldhub/gold-focus/2021/08/twitter-golds-recent-movements
https://www.youtube.com/watch?v=8YEwCNZDfX4
The research data and reports published on the World Gold Council website are pointing to a gold upside.
It appears to me that some big boys desperately want to keep gold and gold stock prices low and accumulate. It’s almost impossible for us commoners to predict how long this accumulation process would take. Nonetheless, I hope the true market force will prevail eventually. I am a LT holder of RMS and plan to continue holding.
Ann: Diggers and Dealers Mining Conference presentation, page-26
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Mkt cap ! $2.456B | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.15 | $2.07 | $5.340M | 2.516M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 96948 | $2.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 39393 | 3 |
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| RMS (ASX) Chart |