maybe EVN should hedge 30% as an insurance measure, considering gold prices in aud could soon be $3000aud per ounce if usd keep rising and exchange rates don’t change too much. It would be clever to lock in at these prices, to ensure no risk of any financial issues in the future. Although it’s important to keep most of the percentage on market and not hedged. This is because imo, gold prices are only destined to rise with current geopolitical issues and the rise of BRICS nations and their gold buying obsession to destabilise the US dollar. Considering what is now going on with the US politics and the further divide in their population, plus all the layoffs in tech (the industry they put most of their cards into), I personally see the US and their dollar weakening in the future.
Long EVN!, page-137
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$3.99 |
Change
0.040(1.01%) |
Mkt cap ! $7.936B | |||
| Open | High | Low | Value | Volume |
| $3.95 | $3.99 | $3.94 | $33.88M | 8.521M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7059 | $3.96 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.99 | 234326 | 9 |
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| EVN (ASX) Chart |