I see in the weekly a series of quickening sell downs to trigger a downtrend which never comes.
aggregate shorts grew strongly in Jan 2024 and have done steadily since:
4% of RMS short = ~$100M, purchased at or below $1.80
I think today we see some doubling down going on.
Does it reflect overvaluation? No, I think it reflects a foolish bet that the gold price would top at US$2000 and then they dug in deeper.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$2.71 |
Change
-0.220(7.51%) |
Mkt cap ! $3.140B | |||
| Open | High | Low | Value | Volume |
| $2.98 | $2.98 | $2.71 | $31.38M | 11.27M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 33737 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 104317 | 4 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| RMS (ASX) Chart |