98% of gold stocks have gone down over the past 3 months, as the price of gold has been in a downtrend.
Gold and silver prices move higher with increased money supply and tough economic conditions, the fundamentals are now set for the price of gold to move higher. There has been some good news out of the US yesterday, the government are just about to approve a $900 billion stimulus.
Look at the silver chart, it has broken the downtrend and gold is so close to a technical breakout. Once it does, all these gold stocks have been sold down over the past few months will start to recover as the buyers jump back on.
It has been a crap few months for gold stocks, but I feel now the tide is turning in our favour.
Ann: PHASE II GOLD TARGET GENERATION COMMENCES AT MT ADRAH, page-6
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $220.5M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 125882 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 36652 | 1 |
View Market Depth
| Last trade - 09.46am 30/07/2025 (20 minute delay) ? |
| WC8 (ASX) Chart |
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