For amusement, fellow bolted on RMS posters may wish to reflect back to our spirited June debate when the $A was .67 ... and my broker suggested that $A had turned and was likely to rally back to a range of 72 - 76 ... and the outlook was for a foreseeable reversal of all the $A gold hype sentiment.
Hate to brag ... but he has now been proved very right ... and it’s not obvious looking back to those days that anyone agreed with him at that time.
A bit of vitriol was shared at the time that gold must be going much higher and dollar staying lower.
Another reminder that the best trading opportunities in life are always presented by being prepared to do the complete opposite to what the blinkered herd may be thinking and doing at the time.
The current RMS pullback from highs of $2.52 must be close to classic Fibonacci level and surely an accumulate on any further weakness.
$A 73.6 and $A gold on slide
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Last
$1.92 |
Change
-0.040(2.04%) |
Mkt cap ! $2.193B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $1.98 | $1.91 | $3.875M | 2.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5202 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 4466 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.92 |
Change
-0.040 ( 1.93 %) |
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| Open | High | Low | Volume | ||
| $1.97 | $1.97 | $1.91 | 773865 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| RMS (ASX) Chart |