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80.0¢ firefly metals ltd

Ann: Significant regional discovery with hit of 5.5m @ 18g/t gold, page-35

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116

10/10/22

11:13

Post #: 64115328
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Originally posted by Maccajohn: ↑

The POG in $A at $A2,517 is about the same as it was on 31 Dec 2021 and about $70 higher than a year ago. Despite this the ASX ordinaries gold index is down by 30% and 25% over the same periods.

In $US the POG is only down by $175 or 10% in CY 2022 and by $100 in past year or 6%.

Yes costs are higher but that does not explain the big falls in SP of Aussie gold stocks in $A compared to POG in $A - it may explain a fall of 10% but not much more.

The US dollar index went up a lot last week to 113. It has increased by 18% in CY 2022 and by 21% in last year.

At some point in time the $US will start falling and the game will be on with significant increases in POG.

Buying gold shares now is like buying straw hats in winter. SPs of gold stocks may fall further due to further increases in $US dollar - I expect the $US will start to weaken some time next year but unclear when that will be - maybe when the FED pauses interest rates increases or there are clear signs the USA has entered a recession.

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Worth noting the $A price is now $2,668/oz.

AUT Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 80.0¢		Change -0.030(3.61%)		Mkt cap ! $384.5M

Open	High	Low	Value	Volume
82.0¢	82.5¢	80.0¢	$473.1K	585.9K

Buyers (Bids)

No.	Vol.	Price($)
7	32701	79.5¢

Sellers (Offers)

Price($)	Vol.	No.
80.0¢	24174	6

View Market Depth

No.	Vol.	Price($)
7	32684	0.795
9	84487	0.790
8	41829	0.785
11	103444	0.780
3	166225	0.775

Price($)	Vol.	No.
0.800	17975	5
0.805	29315	7
0.810	55071	7
0.815	47880	7
0.820	34205	5

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