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
$12.82 |
Change
-0.040(0.31%) |
Mkt cap ! $14.73B | |||
| Open | High | Low | Value | Volume |
| $12.88 | $12.92 | $12.79 | $35.03M | 2.724M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9989 | $12.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.83 | 11498 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |