RMS like every other company will crash. The gold price has only been high because gold is used as a safe investmentan and inflation hedge against a falling usd.
When gold hits highs of $1900 all gold companies share prices are overvalued by confident investors.
I think 50% of RMS share price could be a result of the high gold prices.
This gold boom reminds me of the nickel boom before the last crash when nickel reached $50k usd a ton and fell to $8k a ton.
Nickel companies went from a low price of $1.20 to highs of $6 and then fell back to their lows.
This same type of price movement could happen with gold.
If this is a 87 style crash or worst gold could fall down to $700 mark. A similar price movement did happen with gold last GFC but it will be more noticeable this crash.
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Last
$1.95 |
Change
0.035(1.83%) |
Mkt cap ! $2.223B |
Open | High | Low | Value | Volume |
$1.96 | $1.98 | $1.94 | $6.725M | 3.445M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 53480 | $1.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.96 | 3591 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 27138 | 1.945 |
4 | 57103 | 1.940 |
2 | 4891 | 1.935 |
3 | 8161 | 1.930 |
1 | 3591 | 1.925 |
Price($) | Vol. | No. |
---|---|---|
1.955 | 3591 | 1 |
1.960 | 131941 | 11 |
1.965 | 115591 | 6 |
1.970 | 105198 | 7 |
1.975 | 62103 | 4 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
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