Agree with @DANNY2503 on this one.
Gold is looking both technically and fundamentally bullish atm.
Hedging 25,000oz at a GP of about 3k looks impossible to resist.
Would not at all be surprised to see gold nudging AUD 3k within the next month or so. It looks like gold is just getting started on it's next leg up.
I still see a flush out of longs before gold makes it's parabolic move.
I don't like to see this many long specs in the gold market. I prefer seeing the net position closer to the 52 week Range low and the shorts getting squeezed on the next move up.
Hedging, page-3
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Last
$1.05 |
Change
0.070(7.14%) |
Mkt cap ! $1.162B | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.07 | $1.00 | $8.386M | 8.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2800 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 15204 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SPR (ASX) Chart |