Currently Gold is up 1.29% US $2386 nearing its all time high and Newmont is up just 56c or 1.32% US$43.13 and Silver is on a tear up US$1.13 or 3.93% to US$29.73 The share price performance is poor to say the least. As I've pointed out previously NEM reached US$82 in April 2022 with a gold price approx $1950. So taking this into account and then factoring in inflation and after getting Newcrest for a song, NEM should be flying. Are the miners being held back by the giant US funds that have emerged as the largest shareholders? Are they now just doing the US FEDs dirty work in the suppression of sentiment in the gold market? Is it that management is incompetent? Maybe in NEM but certainly not in all the miners? Does anyone have an opinion? What am I missing?
Ann: Statement of CDIs on issue - NEM, page-5
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Last
$63.47 |
Change
1.050(1.68%) |
Mkt cap ! $9.316B | |||
| Open | High | Low | Value | Volume |
| $62.95 | $63.48 | $62.94 | $48.27M | 762.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1393 | $63.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $63.47 | 150 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NEM (ASX) Chart |