I see in the weekly a series of quickening sell downs to trigger a downtrend which never comes.
aggregate shorts grew strongly in Jan 2024 and have done steadily since:
4% of RMS short = ~$100M, purchased at or below $1.80
I think today we see some doubling down going on.
Does it reflect overvaluation? No, I think it reflects a foolish bet that the gold price would top at US$2000 and then they dug in deeper.
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 (20min delay)
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Last
$2.72 |
Change
-0.080(2.86%) |
Mkt cap ! $3.152B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.79 | $2.71 | $16.31M | 5.976M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 144855 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.74 | 122397 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| RMS (ASX) Chart |