Gold price $ 1,720.25 usd or $2611 aud
Around 90% of RMS profits are created from a foreign exchange gains.
At $1700 ounce RMS would struggle to make a safe profit margin.
The United States stimulus will deflate the USD which will result in the AUD rising and our profits falling.
The Australian dollar could reach $1.10 again but this time we would be in a recession. This would have a devastating effect on our economy and destroy the gold price.
The fall of gold back to 2600 usd is a deflationary signal. Gold could fall back to 1400 usd
with an exchange of $1.10 aud. The gold price would only be 1300 aud an ounce.
2009 to 2010 the gold price was 1200 to 1400 usd ounce.
2009 to 2010 the aud was .90 to $1.05 usd
Technically gold could fall to $1250 aud ounce with an theoretically exchange rate
of .95 given a similar set of circumstances.
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Last
$2.10 |
Change
-0.045(2.10%) |
Mkt cap ! $2.416B |
Open | High | Low | Value | Volume |
$2.13 | $2.15 | $2.09 | $655.9K | 309.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 87829 | $2.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.10 | 18841 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 87763 | 2.090 |
15 | 125673 | 2.080 |
12 | 44137 | 2.070 |
8 | 99821 | 2.060 |
8 | 254265 | 2.050 |
Price($) | Vol. | No. |
---|---|---|
2.100 | 18967 | 19 |
2.110 | 117815 | 23 |
2.120 | 142279 | 17 |
2.130 | 107455 | 19 |
2.140 | 265534 | 11 |
Last trade - 11.47am 07/10/2024 (20 minute delay) ? |
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RMS (ASX) Chart |