The canary in the mine is Copper
Copper is a leading indicator and has fallen 13% in 3 months which indicates a slowing world economy. Deflation which is golds enemy.
Inflation
USA and Britain inflation at 8% expected to reach 10% to 12% by xmas USA economy shrank by 1% stagflation.
When interest rates rise gold will fall and the ASX will retreat 10% for every 1 % rise in rates. USA interest rates will likely reach 5% or go higher.
Interest rates.
The world is suffering from high inflation after covid and slowly raising rates.
The gold price will likely fall by $600 usd as the USA raise rates.
Every .5% rise in rates gold will fall $100 usd.
USA will rebound if they do another QE. but they have run out of money.
USA debt $10 trillion 2008 now $30 trillion.
Strategy
The best thing RMS can do is conserve cash, the dust will settle within 18 months.
- Forums
- ASX - By Stock
- RMS
- gold correction target $1
gold correction target $1
-
- There are more pages in this discussion • 148 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RMS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.19 |
Change
0.020(0.92%) |
Mkt cap ! $2.512B |
Open | High | Low | Value | Volume |
$2.17 | $2.20 | $2.14 | $7.445M | 3.421M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4988 | $2.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.19 | 2288 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 2.180 |
1 | 1600 | 2.170 |
1 | 9868 | 2.160 |
2 | 33119 | 2.150 |
3 | 42542 | 2.140 |
Price($) | Vol. | No. |
---|---|---|
2.200 | 215567 | 13 |
2.210 | 22024 | 3 |
2.220 | 52757 | 5 |
2.230 | 32468 | 3 |
2.240 | 55204 | 8 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
RMS (ASX) Chart |