Another very bullish day for RED true believers - 2 Strong Buy indicators - heavy volume (especially in the final 30 minutes, and (god bless him) Cannonman sells out at 32.5c ..... thanks CM. It appears that nordesmic ignoring of RED is also helping ..... only joking ....
Todays POG rise is rocket fuel for undervalued gold miners ..... how fast and how far this rally goes before something cracks is cause for some concern ?
An interviewee on Financialsense.com is firmly of the opinion that the effect of the Coruna virus on the Chinese economy is being very under appreciated and this will have a major impact on GDP growth (much less than stated) and create critical problems for debt stressed Chineses companies necessitating downward pressure on interest rates and upward pressure for other monetary measures .... HK is another bad factor.
Commodity exporters are in the firing line, especially Australia, and the combination of low growth, the drought, floods and, a devastated tourism and educational sector, may reek havoc on the federal budget and the Aussie dollar .... which will help gold producers in the short term, but not the longer term ?? Nordesmic's prediction of A$2500 may occur by the weekend ??
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Last
32.8¢ |
Change
0.023(7.38%) |
Mkt cap ! $2.159B |
Open | High | Low | Value | Volume |
32.0¢ | 33.0¢ | 31.5¢ | $5.597M | 17.45M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
53 | 1357544 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 3190024 | 87 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
50 | 1205344 | 0.325 |
38 | 1494843 | 0.320 |
27 | 1303482 | 0.315 |
31 | 1702218 | 0.310 |
14 | 1161436 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 3208941 | 82 |
0.335 | 870938 | 22 |
0.340 | 1410332 | 21 |
0.345 | 763907 | 13 |
0.350 | 494665 | 16 |
Last trade - 13.01pm 13/09/2024 (20 minute delay) ? |
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RED (ASX) Chart |