for what its worth, i dont blame the hedge for the state of the shareprice.. to me it looks like our XGD is primarily driven by currency trends AUD/USD.. I think this is why the XGD has been slow to respond to higher gold price, but it will come in due course and play catch up once the currency trend swings back in our favour.
the miners to gold ratio doesnt mean we go to the top again.. and it doesnt correlate with gold tops either.. but it does in my view correlate with overseas money coming into the XGD
so a breakout of that downtrend on the currency pair AUD/USD should be the trigger for the XGD to run hard. unless the USD does up forever (improbable) then its only a matter of time before the tide swings in our favour
for what its worth, i dont blame the hedge for the state of the...
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Last
2.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $108.9M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.9¢ | $2.605K | 89.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 69999 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 4175055 | 12 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
2.9¢ |
Change
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| Open | High | Low | Volume | ||
| 2.9¢ | 2.9¢ | 2.9¢ | 20000 | ||
| Last updated 15.16pm 03/05/2024 ? | |||||
| BCN (ASX) Chart |