I stand by some of my recent postings where I argued the proposition that 80% of the momentum movement in gold can be attributed to the fear factor, or a "flight to fear". If not, then how can one explain that the release of an unauthenticated tape-recording can drive up the price of gold?
This is not to say that the underlying price of gold will not increase (ie: the 20% factor) due to economic cnsiderations, physical demand, preferred store of value for some (etc). But anyone who thinks that the correlation between POG and GEQ (gold equity) should be 1:1 needs to think again.
The actual correlation is much closer to the 20% factor than to anything else.
On that basis, my radar is more attuned to the 1:5 correlation (or thereabouts), than to the 1:1 correlation.
- Forums
- ASX - By Stock
- CRS
- golds up
golds up, page-3
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CRS (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
-0.003(13.0%) |
Mkt cap ! $5.585M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.0¢ | $3.187K | 158.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 636923 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 235450 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 636923 | 0.020 |
1 | 300000 | 0.019 |
1 | 30000 | 0.018 |
2 | 98334 | 0.015 |
2 | 283416 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 235450 | 1 |
0.025 | 150000 | 1 |
0.027 | 350000 | 2 |
0.036 | 88000 | 1 |
0.037 | 500000 | 1 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
Featured News
DVP
Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place
NEWS
Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo
CRS (ASX) Chart |