Agree with the magnitude of the drop potential. In 5 pip increments, what we need is plenty of sustained positive newsflow and with a bit of luck we will go up in 5 pip increments. If the level of newsflow stays the same as it has in the past couple of years with a price sensitive announcement lucky to drop once a month, then of course we are destined to get further destroyed on a share price perspective.
Disagree with the gold narrative. We are in a generational gold bull run, thats pretty clear to see. We are also destined to move much higher, $3000usd gold prices later this year IMO. Great for those investing in physical or even ETF's. Those investing in the stock market are getting rorted. Just look at who is in control of this new world order. It is the blackrocks, vanguards, state streets, JP, GS etc. The list goes on. A small percentage of companies own the majority and dictate the way the world heads. Most of these institutions have major holdings on many gold companies on the ASX so they can dictate where it all heads. Never forget that to sustain their way of life for the elites and global governance and power, they need a strong USD. If that looks at risk they will very quickly go into US protection mode and attack all things gold. Make gold companies look like a poor investment choice. Look at the majors like NST, RRL, EVN etc, all their share price are performing very poorly in a gold boom. Even though they are making millions in profits. The selling from these institutions is relentless. If even the producers are lagging, then what do you expect for mid to low caps like us! As i said previously, we are at the mercy of these corrupt entities! The fact management are giving them even more power is very alarming IMO!
We do have one thing in our favour though - the rise of BRICS! If they keep buying gold at these record levels then the gold price will be protected regardless of attacks by western funds!
- Forums
- ASX - By Stock
- AUC
- Ann: Consolidation/Split - AUC
Ann: Consolidation/Split - AUC, page-12
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUC (ASX) to my watchlist
(20min delay)
|
|||||
Last
51.0¢ |
Change
-0.005(0.97%) |
Mkt cap ! $181.7M |
Open | High | Low | Value | Volume |
52.0¢ | 52.0¢ | 50.5¢ | $301.1K | 590.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 14995 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.505 |
3 | 14800 | 0.500 |
3 | 232800 | 0.490 |
1 | 12000 | 0.485 |
3 | 17000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 14995 | 1 |
0.515 | 76093 | 2 |
0.520 | 69922 | 4 |
0.525 | 24072 | 2 |
0.530 | 60000 | 3 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
AUC (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online