Good chart there Vf. This might explain why NST is struggling to get to $12 a share, even though we are now only $92 from the all time Australian gold price of $AUD2844. Gold share prices have some serious catching up to do!
The rising gold price must have utter panic going on in the back rooms, staffed by the futures/derivatives/shorting boffins. This is tectonic plates moving stuff!
My guestimate will be that the gold price will be $US3000 by the end of 2023. There is enough geopolitics going on to suggest that this is a natural trend line. I have no idea where that would put the NST share price, but it would be 'healthy'!
Some relevant/irrelevant Australian gold information.Australia holds around17 % of the world's gold resources and accounts for 9% of globalproduction. Western Australia alone produces almost 68% ofAustralia's gold. [1] View an image of Australia's 2016golddeposits and operatingmines .
News: NST Miners drag Australian shares lower ahead of Powell comments, page-26
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Last
$12.86 |
Change
0.090(0.70%) |
Mkt cap ! $14.78B | |||
| Open | High | Low | Value | Volume |
| $13.12 | $13.12 | $12.86 | $50.61M | 3.909M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 46306 | $12.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.88 | 55 | 1 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |