New Ideas
If you believe gold is going to $10,000/oz (or $3,000/oz if you are ultra-conservative) and with the gold index at a 2-year low (figure 9) I think it is time to roll back into the mid-tier gold developers/producers.
I know this sounds a bit boring but with valuations of the mid-tier gold miners at cyclical lows my experience suggests that when the gold price does turn (just before the impending financial apocalypse) then the money will flow back in to the large and mid-cap miners first, then into the larger developers/advanced explorers, such as De Grey Mining Ltd (ASX:DEG) for example.
The Great De Grey Decline, page-105
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Last
$1.20 |
Change
0.023(1.91%) |
Mkt cap ! $2.887B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.21 | $1.20 | $806.5K | 670.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 86943 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 95958 | 25 |
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| Last trade - 10.54am 29/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |