New Technicals, page-4

First 4 Last

Share
Profile

Follow
Doddsy11

327 Posts.

18

15/12/19

22:33

Post #: 41979662
Share

Originally posted by Wieman01: ↑

Well I dont know about technicals. I look at it but it has never played a crucial rol in my decisiontaking. I am an economist and look 1 to 1,5 yrs ahead. The economic cycle has been propped up by central banks around the world for many years now. I dont know where this will end. I know one thing. When it ends, it will not end well. There is too much money slossing around in the world and there has been an enormous price inflation (yes there is inflation, only the definition of many CPI"s dont cover this kind of inflation.Take a look at the prices of houses, vintage cars/watches, whiskys and also equities and bonds. The created money by centralbanks has to go somewhere). So it is obvious that some part of my investmentportfolio has to be physical gold and or goldminers. That is where RRL comes in. I like the size of the company, the balancesheet, the costprice of the gold, the LOM,the reserves etc. But especially I like the dividend. Almost 4%. Incredibly high for a arrived goldminer. So to be honest, with my 1 and 1,5 yrs look at where the worldeconomy is heading, I can only smile at a pricedrop of RRL in the last months (almost $6 in july of this year). I have taken advantage of the price drop and bought and will buy some more. It is too attractive for me and the technicals, well we will see.

Expand

and what did you base your recent trading decision on?

RRL Price at posting: $4.12 Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

SRX

Worker dies at Sierra Rutile mine

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

There are more pages in this discussion • 9 more messages in this thread...

First 4 Last

Add RRL (ASX) to my watchlist

(20min delay)
Last $1.72		Change 0.000(0.00%)		Mkt cap ! $1.314B

Open	High	Low	Value	Volume
$1.74	$1.75	$1.72	$3.515M	2.032M

Buyers (Bids)

No.	Vol.	Price($)
18	45105	$1.72

Sellers (Offers)

Price($)	Vol.	No.
$1.73	119937	46

View Market Depth

No.	Vol.	Price($)
39	52384	1.720
34	131223	1.715
25	186719	1.710
13	62145	1.705
20	366676	1.700

Price($)	Vol.	No.
1.725	116494	50
1.730	112966	29
1.735	51214	15
1.740	158789	16
1.745	76547	12

Last trade - 13.37pm 19/06/2024 (20 minute delay)

RRL (ASX) Chart

New Technicals, page-4

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

Worker dies at Sierra Rutile mine

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

New Technicals, page-4

Top Stories

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

Worker dies at Sierra Rutile mine

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News