all i am saying is lgl or ncm hardly pays any dividends. The banks have all reported and are paying dividends if I am not wrong. While the market is in a bullish mood, gold stocks wont get a run on because insto would rather go get some dividends (sure cash but I am not so sure for how long regarding the banks) and buy cylical shares ie bhp, rio, wpl and sto.
Gold is for hedging and when market has fear. When that isnt required, people will always short gold and long the rest.
I am very bullish on gold because of the inflation and the bank worries. However, the negativity on banks have gone for the short term, maybe we have to wait for that to come back. Even I would be afraid to buy lgl atm, its in the middle of a range, it could go up to 3.2 or down to 2.7. I would rather wait for lgl to get hammered down to 2.7/2.8 then load up and sell when it moves.
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Last
$1.46 |
Change
0.055(3.93%) |
Mkt cap ! $177.6M |
Open | High | Low | Value | Volume |
$1.42 | $1.46 | $1.42 | $5.837K | 4.045K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4274 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.47 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4274 | 1.395 |
2 | 15227 | 1.390 |
1 | 309 | 1.380 |
1 | 729 | 1.370 |
1 | 25000 | 1.360 |
Price($) | Vol. | No. |
---|---|---|
1.470 | 1000 | 1 |
1.500 | 13445 | 1 |
1.510 | 420 | 1 |
1.750 | 5154 | 1 |
1.850 | 1146 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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LGL (ASX) Chart |