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
$2.19 |
Change
0.020(0.92%) |
Mkt cap ! $2.512B |
Open | High | Low | Value | Volume |
$2.17 | $2.20 | $2.14 | $7.445M | 3.421M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4988 | $2.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.19 | 2288 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 2.180 |
1 | 1600 | 2.170 |
1 | 9868 | 2.160 |
2 | 33119 | 2.150 |
3 | 42542 | 2.140 |
Price($) | Vol. | No. |
---|---|---|
2.200 | 215567 | 13 |
2.210 | 22024 | 3 |
2.220 | 52757 | 5 |
2.230 | 32468 | 3 |
2.240 | 55204 | 8 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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