Another external factor that cannot be ignored and may be extremely bullish for both gold and potentially other commodities is the news out of China a couple of hours ago - China has completely banned cryptocurrency transactions and crypto mining activities. The Bitcoin price has fallen 7% since the news and who knows how much it will drop?
China Issues Blanket Crypto Trading Ban; Bitcoin, Coinbase Slide - TheStreet
If there is a huge sell-off and other countries follow, where will that billions of dollars of liquidity go? My guess is precious metals - Similar in nature in that it is another hedge against the world banking systems.
Another external factor that cannot be ignored and may be...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EMC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $19.55M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $27.33K | 258.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26500 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 27440 | 3 |
View Market Depth
| Last trade - 14.20pm 09/08/2024 (20 minute delay) ? |
| EMC (ASX) Chart |