Bold move. If you're right I wont be too fussed. I might buy more.
I will watch for the next week or so. My decision point will be to hold all or sell some when POG reaches 1370 again. By that time the RSG price would be very interesting.
IMO, everything seems ripe for a rally of all Aus gold miner stocks, incl RSG who had some minor bad news and mostly operates in Mali...
POG near the floor in the 1300-1370 cycle range. US interest rates lagging behind inflation. Lots more western inflation to come. Fear trade rampant in US growth stocks and T-bonds. China buy demand is low (intensional so they can accumulate). India demand low due to the season and Rupee weakness. ECB ending QE later this year. Heck, we might never again POG $1305. And western inflation with growth phasing into stagflation would take decades to recover.
Of course I can be wrong. But I feel a bit like I did as kid about to watch someone light a massive bon-fire saturated with petrol.
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Last
67.5¢ |
Change
-0.010(1.46%) |
Mkt cap ! $1.437B |
Open | High | Low | Value | Volume |
66.0¢ | 67.5¢ | 64.8¢ | $10.88M | 16.42M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 36098 | 67.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
67.5¢ | 377203 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 36098 | 0.670 |
1 | 36098 | 0.665 |
1 | 36098 | 0.660 |
7 | 182886 | 0.655 |
5 | 128378 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.675 | 309014 | 4 |
0.680 | 407683 | 7 |
0.685 | 215588 | 4 |
0.690 | 544768 | 6 |
0.695 | 191598 | 5 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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