It's not surprising that the XGD is tracking negatively in the medium term. It comprises the entire gold sector, including all explorers and wannabees, and It has been fully exposed to all of the supply-side pressures associated with COVID, war, energy and climate change.
No-one invests in the entire (Aussie) gold sector in that way, and as it happens, there is no ETF that applies to XGD.
On the other hand, people are entitled to make a considered investment in a particular developer/producer, and that investment can move quite differently. Sentiment, POG and transitory pressures still have an effect on the price thru time, but if the fundamentals are good, with prudent management, the investment will succeed. DEG has a fantastic piece of ground (although I'm glad I don't have to live there), with what looks to be a huge resource which will likely increase over time. Management looks competent, and they don't seem to overpay themselves.
I'm heavy on the sector already, but will probably dive in when the ducks line up for me.
- Forums
- ASX - By Stock
- DEG
- Chart - TA
Chart - TA, page-3259
-
-
- There are more pages in this discussion • 821 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 DEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.40 |
Change
-0.025(1.76%) |
Mkt cap ! $3.343B |
Open | High | Low | Value | Volume |
$1.43 | $1.43 | $1.39 | $11.43M | 8.139M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 81637 | $1.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 106853 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 81637 | 1.390 |
4 | 175854 | 1.385 |
8 | 88959 | 1.380 |
3 | 97453 | 1.375 |
3 | 19407 | 1.370 |
Price($) | Vol. | No. |
---|---|---|
1.400 | 106853 | 6 |
1.405 | 135576 | 7 |
1.410 | 113050 | 4 |
1.415 | 90389 | 4 |
1.420 | 81004 | 3 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
DEG (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online