All I can add is that leverage can be a lot more or less than 3x, depending on the company’s cost per ounce produced. Think of this also, if POG is strong and rising when you can get a risk free yield of 5% or thereabouts in government treasuries/bonds then watch out(!) because the big money is saying they are prepared to wear the opportunity cost as well as the cost of storing gold in expectation of bigger returns coming in the POG.
Here’s something to listen to this weekend. Called the ecstasy of gold…
https://youtu.be/ubVc2MQwMkg?si=fIe-iba1_ADTs_nX
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Last
$1.98 |
Change
-0.030(1.49%) |
Mkt cap ! $2.550B | |||
| Open | High | Low | Value | Volume |
| $1.99 | $1.99 | $1.95 | $8.573M | 4.344M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 74390 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 1248 | 1 |
View Market Depth
| Last trade - 16.10pm 16/07/2025 (20 minute delay) ? |
| SPR (ASX) Chart |