Usually, as in the case of the 2008 Financial Crisis, however I suspect even massive QE will mainly benefit the Banks and not so much the mining industry, even Gold. Any QE bounce is going to be short lived, issues are a combination of factors, Debt, Supply, Demand all of which will continue to slide downhill for the foreseeable future.
What Gold miners need is a big bump in the Gold price to help restore confidence in Gold Mining stocks so that very profitable stocks do not get dumped in the general Market crash, the Market is treating Gold stocks like they are Unicorn stocks.
At some point there is going to be a lot of money made in this sector.
Usually, as in the case of the 2008 Financial Crisis, however I...
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Last
19.5¢ |
Change
-0.020(9.30%) |
Mkt cap ! $159.5M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.5¢ | 19.5¢ | $5.621M | 28.27M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1257188 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 22500 | 1 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |