Bubble money created by Feds and the rest of the CBs globally ensure that someone as naive as myself pre-GFC who didn't understand the system were given a 2nd chance to investigate what I am doing within the capital system. I don't fancy being wiped out so I am thanking the liquidity to propped up the system. It is what it is so get used to the way the market operates.
Currently gold is in a danger zone and I did ask why the gold sector was seemingly sold off ahead of the US markets. Now we know why. The Yuan trading is indicating a trade deal of some sort is in the making and coupled with better PMI figures, it is again a double whammy for us gold exposure holders.
USD strength coming back
Trade deal potential drives up risk markets
RBA not cutting rates yesterday is propping up AUDUSD.
It is the last that worries me because we have had the good fortune in this sector of betting against the AUD, pretty morbid but bad news is actually good news. Welcome to the world of oxymoron gestures.
Ann: Compulsory Acquisition Notice - Echo Resources Takeover, page-28
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Last
$14.20 |
Change
0.060(0.42%) |
Mkt cap ! $16.31B | |||
| Open | High | Low | Value | Volume |
| $14.06 | $14.37 | $14.05 | $89.35M | 6.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10652 | $14.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.20 | 4716 | 2 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| NST (ASX) Chart |