RED 6.10% 38.5¢ red 5 limited

$40 cents club, page-960

  1. 2,335 Posts.
    lightbulb Created with Sketch. 1297
    A picture is worth a thousand words - the A$POG took off in 2019 (before COVID) as result of 10yrs of MMT ( modern monetary theory aka QE unlimited aka printing money out of thin air) to stimulate the "economy" and prevent a debt implosion ... and this is likely to continue during the IOUSA election circus to determine which geriatric will rule the "free world".
    The sudden takeoff of the US$ POG on March 1, was emphatic rejection of the gold bear narrative, and overnight the POG almost touched 2200 intraday - when will this move will top out is anybodies guess, but its either a new gold bull market or the final unwinding of a very overvalued IOUSA stock market ??
    The worrying thing is the narrowness of the DOW advance - its increasingly concentrated in the "magnificent 7" etc

    RMS is engaged in some M&A palaver, that doesn't seem to be generating much enthusiasm ... unlike RED's looming marriage of convenience (?).
    The outrage on the SLR blog continues, with many considering they've been sold out by LT ... but have they - is LT suddenly incompetent ??
    The volume in RED has fallen towards the monthly average and 36c looks like a temporary top ??

    Despite the new all time highs in the US$ and A$ POG, the GDX and the GDXJ are still in bear territory. There are some tentative signs that the Jesse Felder's predicted bull market has started in a few stocks like NST (which finally is at a new 12month high), but the general market seems to be retreating to safe stocks like CBA, which has almost doubled from its April 2020 low .... another example of passive money chasing safety, and expensive, shrinking dividends.

    https://hotcopper.com.au/data/attachments/6021/6021604-b7dda2d841d23611a0b022cab98257fc.jpg
    https://hotcopper.com.au/data/attachments/6021/6021639-71842537311af41d2f49f2948fa00a03.jpg
    https://hotcopper.com.au/data/attachments/6021/6021643-30e14593576b75d5960a10b52b899313.jpg
    https://hotcopper.com.au/data/attachments/6021/6021651-46af1afa9e15f1f25a301070bac60041.jpg
    https://hotcopper.com.au/data/attachments/6021/6021673-e0b711a954104f50a073f39487dc29b5.jpg
 
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Last
38.5¢
Change
-0.025(6.10%)
Mkt cap ! $2.618B
Open High Low Value Volume
40.0¢ 40.0¢ 37.5¢ $19.58M 51.09M

Buyers (Bids)

No. Vol. Price($)
25 1454301 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
38.5¢ 769187 6
View Market Depth
Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
RED (ASX) Chart
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