I agree CEO. Neither ECB, BOJ or FED wants the POG to take off... they are fooling everyone with low interest rate, bond selling and forcing savers into the stock market even when it seems already to be overbought and without real growth in the foreseeable future. The worst is that they cannot repay their debt or have a plan to stop borrowing more.
Banks are also loving the rally and they want to show to FED and ECB they are doing their part to "fix" consumer sentiment...also avoinding Gold stocks and going to compa nies with PE over 20x... this dangerous mix will come to an end badly specially for mums and dads... in US most investors are warning the end of the bull market is near but bulls keep pushing it harder...we will see.
Sequester, Debt ceiling, money printing... disappointing job and economic data... Gold investors just have to wait patiently (even at times when the market is irrational)
As for PRU... I am expecting a better quarter. Do you know when the 3Q results is announced?
prod to surpass broker expectations , page-28
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Last
$2.53 |
Change
0.060(2.43%) |
Mkt cap ! $3.481B | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.54 | $2.50 | $19.29M | 7.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12593 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 47166 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PRU (ASX) Chart |