Its the mood of the whole market - sets a down note on everything. Buyers are holding back thinking they can get in cheaper later.
The dow is struggling - the way it was hammered friday was ugly - although seemed to get some support last night.
I am putting it down to earnings season approaching. US Valuations were based on US GDP figures which recently came out low - meaning valuations were all too high - so institutions are playing catchup before earnings season hits.
Could be another 3 weeks - although I hope not. Alcoa reports on the 11th of July if I recall. They are usually the first major to report and generally set the tone of the whole season.
With GOR cant see anything until sentiment lifts in general and we start getting some drilling results.
They have a Gold Coast resources show case in the next couple of days and Diggers and Dealers around the 1st of August. Not expecting a lot on the former - the latter could be good.
Until then it is grin and bear it.
Its the mood of the whole market - sets a down note on...
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Last
$1.62 |
Change
0.005(0.31%) |
Mkt cap ! $1.755B | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.63 | $1.57 | $8.654M | 5.375M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 247105 | $1.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 20083 | 4 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| GOR (ASX) Chart |