Look to the underlying technicals, the macro gold environment and the Fed pumping billions into Wall Street via repo markets to keep the market going. It's a gigantic Ponzi scheme that will end very badly. Stick to the quality miners (RRL being one) and you have the greatest probability of coming out the other end of this unprecedented economic mess much better off. I jut topped up again at $4.41.
if you look at the 5 year weekly chart it cuts through the daily manipulation. The technicals, MACD, Stochastic RSI and the overlaid Gold Spot in AUD provides a clearer picture IMO.
Look to the underlying technicals, the macro gold environment...
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Last
$1.63 |
Change
-0.060(3.56%) |
Mkt cap ! $1.227B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.67 | $1.62 | $5.419M | 3.313M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 46005 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 25500 | 2 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |