I have sold all my position in RED as I think everyone is under estimating the FED rate hike looking at .50% or .75%. I believe the next will be 1% increase and another one in the following meeting. I reckon GOLD will be kick in the teeth and be close to $1600 after Fed September meeting.
Everyone was talking about a .50 & .75% prior to Jackson Hole. Powell has made it very clear what the next rate hike will look like. The pain comes in at 1% rate hikes. DYOR.
Ann: Full year financial results, page-18
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Last
34.5¢ |
Change
-0.015(4.17%) |
Mkt cap ! $2.346B | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 33.8¢ | $12.95M | 37.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1053665 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 127427 | 3 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |