DEG 1.41% $1.08 de grey mining limited

Ann: New Gold Discoveries and Extensions at Mount Berghaus, page-28

  1. 1,337 Posts.
    lightbulb Created with Sketch. 388
    Physical Gold could go up significantly over the coming weeks, if anyone understands, it's the comex Derivative market that Controls the physical gold price and fund manages around the world have gone short massive on gold (since trump was elected) Gold has been rallying of late, and margin calls on the short orders are drawing near and could be imminent (short covering) , causing a massive buy towards long, this will see gold go up quite significantly maybe up a $100 an ounce, (just as the longs had to cover a couple of months back) This will inturn cause another very strong rally in gold stocks including undervalued explorers like DEG... this all could happen any day now, just one small singular event (black swan) would do this.

    P.S most of the volume yesterday was over 5cents in DEG, that's is a truer indication of SP IMO, not just a quick sell out in the last hour of low volume trade, there's more buyers then sellers... this stock will definitely be at a higher price in the coming days considering we are going to have a re-rate of inground inventory any day now.
 
watchlist Created with Sketch. Add DEG (ASX) to my watchlist
(20min delay)
Last
$1.08
Change
0.015(1.41%)
Mkt cap ! $2.588B
Open High Low Value Volume
$1.09 $1.09 $1.07 $21.52M 19.94M

Buyers (Bids)

No. Vol. Price($)
2 101100 $1.08
 

Sellers (Offers)

Price($) Vol. No.
$1.08 18723 2
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
DEG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.