All aboard the gold train!
If gold is indeed in a new bull market, which we will only know definitely in hindsight, but if it is, then based on past gold bull markets we are only just out of the starting gate - this is based on past bull markets as set out in the chart below - it is a gold analog using 1970, 1976, 2005, 2008 and 2018 bull markets. If this bull market follows past bull market trends the POG of $5,000 or even over $7,500 is achievable over the next few years. The chart is based on 17 May 2024 ie Friday's POG.
Ann: Surface drilling continues to unlock high grade potential, page-118
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 (20min delay)
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Last
98.8¢ |
Change
0.018(1.80%) |
Mkt cap ! $1.095B | |||
| Open | High | Low | Value | Volume |
| 98.0¢ | $1.01 | 98.0¢ | $4.034M | 4.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 72179 | 98.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.0¢ | 14410 | 5 |
View Market Depth
| Last trade - 13.23pm 11/07/2024 (20 minute delay) ? |
| SPR (ASX) Chart |