Hi Chris,
I certainly won't call you dumb!
I think when things unravel in an orderly way, gold miners do well with the rise in the gold price.
When things unravel in a disorderly way, like the 22% drop in a day in 1987, then everything gets caught up in the liquidity crunch. People just sell everything good bad or indifferent. Under that scenario, gold miners tend to take a hit along with everything else. (Eight out of the last 10 crashes).
My fear is that we may be moving from an orderly unravelling of the financial system to a disorderly one. Hence although I think GOR is a great company with an excellent operation and wonderful exploration prospects, I am sitting on the sidelines for the next little while. The price action on the market over the last couple of days has shown a negative divergence between the price of gold and the price of the miners. Again today, gold rose and the miners did not. I think this is people beginning to leave the building and I don't want to be the last out the door.
Cheers,
Tim.
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Last
$1.62 |
Change
-0.050(2.99%) |
Mkt cap ! $1.755B |
Open | High | Low | Value | Volume |
$1.67 | $1.68 | $1.62 | $12.11M | 7.364M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 170799 | $1.62 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.63 | 7331 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 95161 | 1.620 |
2 | 88889 | 1.615 |
5 | 136031 | 1.610 |
1 | 7331 | 1.605 |
2 | 17336 | 1.600 |
Price($) | Vol. | No. |
---|---|---|
1.625 | 7331 | 1 |
1.630 | 7331 | 1 |
1.635 | 7331 | 1 |
1.640 | 7331 | 1 |
1.645 | 52623 | 4 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.63 |
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Change
-0.050 ( 2.56 %) |
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Open | High | Low | Volume | ||
$1.67 | $1.68 | $1.63 | 1371380 | ||
Last updated 15.59pm 21/05/2024 ? |
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