War has certainly lifted gold but when you have a bull rally quite often the commodity price only retraces some of the way.
If your reasoning is applied to the 2008 crash. Inflation has only been 3%, then why has gold remained at all time highs. This indicates that 2008 was the catalyst for a bull run on gold but also set a new higher benchmark.
Ann: December 2021 Quarterly Rpt & Bartus, Flinders drill results, page-75
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Last
$1.88 |
Change
-0.003(0.13%) |
Mkt cap ! $2.148B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.89 | $1.87 | $412.2K | 219.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5380 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 30480 | 25 |
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| Last trade - 11.11am 03/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |