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3.85%

2.5¢ beacon minerals limited

Ann: Change in substantial holding, page-112

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Papabuy

3,432 Posts.

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15/04/24

09:03

Post #: 73342583
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Originally posted by FishingAndBeer: ↑

DXY .. its a hard one to call, since 2008 it seems to be making a 5 wave uptrend... its hard to say and we will only know later on.. but its possible there is one final high left in that EW count, if we were to break below 100 i think it would have much less likelihood of setting a final high.

the relevance being, i think the XGD is strongly effected by the currency trend, the AUD/USD has been in downtrend for a decade, so for the most part US insto money is staying away.. at least for longer term positions.

I shared it already a few days ago.. the correlation between the XGD to XAUAUD ratio and the currency pair.. its quite significant tracking

DXY

I think a break out of the currency would lead to massive capital inflows to the australian market, its a tailwind that is ahead of us at some point in the future.. sooner or later. for now the asx miners to aussie gold price remain extreemely cheap

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As ALWAYS F/B...Love your charts mate.....
I don't always understand them but always learning, along with your explanations...
cheers

BCN Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.5¢		Change -0.001(3.85%)		Mkt cap ! $93.91M

Open	High	Low	Value	Volume
2.5¢	2.5¢	2.5¢	$5.073K	202.9K

Buyers (Bids)

No.	Vol.	Price($)
6	2046118	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	133067	1

View Market Depth

No.	Vol.	Price($)
2	166934	0.025
6	2046118	0.024
10	1178579	0.023
7	1248854	0.022
3	120095	0.021

Price($)	Vol.	No.
0.026	414611	1
0.027	1984322	5
0.028	8533170	7
0.029	4600643	11
0.030	5845692	12

Last trade - 11.21am 27/06/2024 (20 minute delay)

BCN (ASX) Chart