POG at USD1,700 is awesome. Corona V may push it past USD 2,000.... But that effect may die soon enough, and bring prices down again. Panic Levels tend to correct themselves.
IMO the GFC should be there soon, Govts are trying to keep the outlook optimistic to avoid panic, but from now on it will be 2 steps down for each step up, until they accept we are into another GFC, then panic will bring things crashing down.
Gold could reach USD 3,000 ?????
But then in a couple of years, when the Paper money starts rulingh again, POG could again come down by 20 to 30%
In the shortest time, DEG just has to prove a large amount of resource of 5moz or more, and start mining. High POG will make this an easier transition from Explorer to Miner.
Great window of opportunity, hope mngt makes the most of it.
Ann: Trading Halt, page-94
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Last
$1.21 |
Change
-0.005(0.41%) |
Mkt cap ! $2.887B | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.22 | $1.19 | $7.046M | 5.872M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29087 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 79225 | 3 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |