The data wasn’t that weak which is why the Fed has kept rates unchanged. We started the year looking for 7 rate cuts and we now may get 1. Gold will likely pullback further as will gold stocks. Gold stocks didn’t come close to reflecting the strength in the gold price. This gold bull market has a long way to go, before we see a euphoric top in gold equities. Following the last inflation period of the 70’s central banks had 40% of their assets in gold and most investors and funds had a 10% weighting in gold. We have along way to go, in my opinion.
The data wasn’t that weak which is why the Fed has kept rates...
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46.0¢ |
Change
0.015(3.37%) |
Mkt cap ! $204.0M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 46.5¢ | 43.5¢ | $1.212M | 2.694M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 142824 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 6900 | 1 |
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| BC8 (ASX) Chart |