If POG stays around the current price then if and when the Fed reduces interest rates POG will go a lot higher and if ETFs start being net buyers instead of net sellers they have been for the last 3 years and so far in 2024 then we may see POG go up many hundreds of dollars.
In the past when ETFs went from net sellers/ buyers the POG went up significantly.
In my view with central bank buying will continue so I am keeping a close watch on ETF buying and selling - the World Gold Council reports on ETF buying and selling at least every month and even weekly ( I have to check if I am right about weekly).
$1 Party, page-27
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Last
74.5¢ |
Change
0.005(0.68%) |
Mkt cap ! $822.9M | |||
| Open | High | Low | Value | Volume |
| 74.5¢ | 76.5¢ | 73.5¢ | $3.650M | 4.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 109250 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.5¢ | 8425 | 2 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
74.3¢ |
Change
0.005 ( 0.30 %) |
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| Open | High | Low | Volume | ||
| 75.0¢ | 76.5¢ | 73.5¢ | 1053119 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| SPR (ASX) Chart |