We can say all we like about gold being the protector in times of inflation. And inflation looks to be rampant at the moment but gold has failed to respond thus far. It will probable respond down the track but we don't know exactly when and do we have the stamina to hold on to our shares.Ther looks to be a lot of fear in the market with money out of all risk investment including commodity into the us dollar. That may be because of the fear of rising interest rate with many investors liquidating their investment (including gold ) to rise funds to pay for their loans. This spells opportunity when the fear abates.
Here is the update of the best looking chart which is still holding support.
Best looking weekly chart, page-1009
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Last
$13.96 |
Change
0.080(0.58%) |
Mkt cap ! $16.04B | |||
| Open | High | Low | Value | Volume |
| $14.01 | $14.11 | $13.90 | $45.25M | 3.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8578 | $13.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.97 | 5507 | 1 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |