I think they knew. Large banks hold lots of gold producer shares. If they think gold is going higher med or long term then they would want more exposure to gold producers which means pushing the price down on any weakness to get people selling. Along with a number of holders of gold producers ready to sell as soon as POG showed weakness and its no surprise to see the sp of gold stocks lower.
See where the POG finds support. Still a long way above $1900 - which was resistance for the last 11 years up until a week ago.
WAF was sold off twice before to around $1 so see what happens with POG dropping.
Might see the gaps in the 90c region close? That would bring in a lot of buyers. I bought more at $1.045.
Time will tell.
Ann: Quarterly Activities Report, page-80
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Last
$1.48 |
Change
0.055(3.86%) |
Mkt cap ! $1.683B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.48 | $1.45 | $7.196M | 4.909M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7517 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 80961 | 8 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WAF (ASX) Chart |