Main point of my comment was with regards to RSG being a high beta stock. It cuts both ways, and is high volatility. Gold mining stocks will enter the next leg of their boom phase once the general stock market rolls over. With the Magnificent 7 (is it down to 4 now?), still driving the market this is still a little while off yet. Certainly by the end of March. Investors currently have no reason to turn their focus onto highly contrarian, deep value plays like Gold mining companies.
My prediction on interest rates is a little down in the short term, then up, up, up in the medium term. There is no long term for the current western monetary system architecture.
I recommend reading the Macleod Finance Substack and watching Crescat Capital weekly videos for further background.
Holders of RSG will be rewarded in the end.
Main point of my comment was with regards to RSG being a high...
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Last
53.5¢ |
Change
-0.010(1.83%) |
Mkt cap ! $1.139B | |||
| Open | High | Low | Value | Volume |
| 53.0¢ | 53.5¢ | 52.0¢ | $3.027M | 5.737M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 66893 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 120854 | 4 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
53.5¢ |
Change
-0.010 ( 2.03 %) |
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| Open | High | Low | Volume | ||
| 53.0¢ | 53.5¢ | 52.0¢ | 3551680 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| RSG (ASX) Chart |