Uncommon divergence occurring between ourselves and the VanEck ETFs.
Our RSI is nearing overbought.
Potentially we sit near an intermediate bottom.
Many of our peers (RMS, EMR, WAF) and both the GDX and GDXJ are only 3 to 5 candles into the D leg of their double tops with a long way down to their 200 MAs.
Have changed my sentiment after we dipped a toe below the 200 MA - but not in a rush to buy.
Sean Russo speaks highly of Capricorn hedging strategy and gives good rationale as to why hedging is superior to financing or raising for new projects, and also the flawed logic of the mark to market valuation penalties proffered by so many brokers and market participants. A good history of gold hedging shenanigans from the 1990s to now.
CMM CHART, page-384
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Last
$5.35 |
Change
0.090(1.71%) |
Mkt cap ! $2.019B | |||
| Open | High | Low | Value | Volume |
| $5.37 | $5.39 | $5.25 | $5.963M | 1.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2713 | $5.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.35 | 13300 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CMM (ASX) Chart |