RMS 0.51% $1.99 ramelius resources limited

target $1 gold retraction $1500 Usd short term

  1. 5,286 Posts.
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    1. Much of the diving force of gold has occurred since March 2020 from the covid virus.
    2. In March 2020 Rms share price was about $1.30
    3 The gold price climbed from $1500 in 2020 to $2100 and retraced to $1800 ounce in 2021
    4. The take over increase RMS shares by 10 to 15% which will reduce the share
    price to $1.36.
    5 The market will over sell down to around $1 to $1.20.
    6. Rms spooks easily. This year it already fell to $1.36. A market shock will see the stock tumble short term as RMS is a highly liquid stock.

    RMS success in this market depends on its ability to ride out market shocks. It also depends on the world stimulus effect on the gold price. China, USA are two debt bombs that look like Greece.

    Black swan events tend to come in pairs. A missile and a life boat.
    A currency war might be the next black swan event that saves gold.


 
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Last
$1.99
Change
0.010(0.51%)
Mkt cap ! $2.298B
Open High Low Value Volume
$1.97 $2.05 $1.97 $10.33M 5.150M

Buyers (Bids)

No. Vol. Price($)
1 10064 $1.99
 

Sellers (Offers)

Price($) Vol. No.
$1.99 56965 6
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Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
RMS (ASX) Chart
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