Hi Share, may I ask why you view the price of gold going up as unsustainable, when, as I view it, its simply the USD losing value unless the last and final asset (and the only one that will survive the coming currency debasement). So.. what I am really asking, is do you view the USD as overvalued, or undervalued?
I posted on another thread, that on Twitter threads I follow, there is a growing consensus among many, that a 'gold correction' is imminent, (and perhaps it is, who knows), and mainly because many view the current move as over bought, etc.
Few of them mention the reason for the USD currency price of gold as being driven because the USD is falling (even thought they know it is).
Anyway, WAF can ignore all this and just focus on operational success.
I just cannot get past the margins that WAF is currently making.... daily.... even at just 50k per quarter (555 ounces a day), they are likely clearing over 1100-1200 USD. That's USD $4.5m a week.
Hi Share, may I ask why you view the price of gold going up as...
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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 |