Physical Gold could go up significantly over the coming weeks, if anyone understands, it's the comex Derivative market that Controls the physical gold price and fund manages around the world have gone short massive on gold (since trump was elected) Gold has been rallying of late, and margin calls on the short orders are drawing near and could be imminent (short covering) , causing a massive buy towards long, this will see gold go up quite significantly maybe up a $100 an ounce, (just as the longs had to cover a couple of months back) This will inturn cause another very strong rally in gold stocks including undervalued explorers like DEG... this all could happen any day now, just one small singular event (black swan) would do this.
P.S most of the volume yesterday was over 5cents in DEG, that's is a truer indication of SP IMO, not just a quick sell out in the last hour of low volume trade, there's more buyers then sellers... this stock will definitely be at a higher price in the coming days considering we are going to have a re-rate of inground inventory any day now.
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Ann: New Gold Discoveries and Extensions at Mount Berghaus, page-28
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Last
$1.22 |
Change
0.015(1.24%) |
Mkt cap ! $2.923B |
Open | High | Low | Value | Volume |
$1.21 | $1.22 | $1.20 | $11.43M | 9.413M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 563505 | $1.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.22 | 270012 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 563505 | 1.205 |
17 | 544223 | 1.200 |
5 | 67802 | 1.195 |
10 | 148365 | 1.190 |
3 | 21630 | 1.185 |
Price($) | Vol. | No. |
---|---|---|
1.220 | 187368 | 3 |
1.230 | 16466 | 2 |
1.235 | 26130 | 2 |
1.240 | 19875 | 2 |
1.245 | 10616 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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