There is a raft of stimulus money in the US that is going into Crypto', Tesla, Netflix and the like. We've got it here a little with Afterpay and other names. Yes these companies will continue to be a success, but they are trading at absurd multiples. APT is near 300 times 2022 earnings. That's on already hugely increasing earnings.
The Fed finally followed the idiots at the ECB and BoJ and created an almighty bubble. We have millions of sit at home day traders who plough into buttcoin and the like and algorithms that perpetuate momentum - worked in statistical arbitrage trading for years. It's impossible to say where it bursts, but Gold seems like one of the sanest investments to be in right now and a decent growth miner like ALK a natural choice.
There is a raft of stimulus money in the US that is going into...
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Last
55.0¢ |
Change
0.020(3.77%) |
Mkt cap ! $331.9M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 55.5¢ | 53.5¢ | $668.4K | 1.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 100906 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.5¢ | 117919 | 5 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ALK (ASX) Chart |