Gold run looks set to continue...
The outsized gains on EVN today (relative to other similar sized gold miners) is due to EVN's EH copper. Cu is set to challenge the Jan 2023 high at $4.35.
A bit of a conundrum with the weak economic narrative coming out of China. But if you look at the weakness in USD it might actually get there on this medium setup alone. With better news coming out of China then Cu at new ATH is a good probability.
Base (with the exception nickel) and precious metals are going to have a great couple of years ahead if not more... So either way that $4.35 will get wiped 2025.
Great day today but as I say... Always go for the long term view.
EVN chart, page-3418
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Last
$3.50 |
Change
0.050(1.45%) |
Mkt cap ! $6.950B | |||
| Open | High | Low | Value | Volume |
| $3.44 | $3.51 | $3.44 | $28.67M | 8.237M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 260128 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 201176 | 8 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EVN (ASX) Chart |