Yesterday's sell off was uncalled for across asx goldies. Appears to be somewhat of a bear trap.
1. us and china unlikely to do deal. China waiting for elections.
2. Brexit
3. Global slowdown
4. equities already above valuation prior to all this.
5. Hong kong
6. Bond yeilds
I've always laughed at those that said 2k gold could happen. Reflecting on the mass run up from 90's through to 2000. I think pog will have a damn good crack at it if the markets go pear shaped. Bond yeilds have officially inverted, now just need a good rum of down days in equities and this show is on the road.
PRU well placed to benifit.
$1 Here we come.
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Last
$2.35 |
Change
0.030(1.29%) |
Mkt cap ! $3.228B | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.37 | $2.29 | $6.953M | 2.966M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 211468 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.37 | 61323 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PRU (ASX) Chart |