I agree with @JackTrade that it seems like there is good news in no fatalities or injuries mentioned in the initial request for the halt.
I also sold all of my in profit positions yesterday for a small profit as this has been a frustrating hold and I wanted some respite from the red.
Unfortunately 2/3 of my positions were out of profit yesterday and about 30c higher than the highs of yesterday. I probably would have sold them all to be honest, just to take a breather and also expect some sort of pull back and declines in the POG.
This has the potential to push us back below the recent sub $1.70 lows as there will no doubt be over reaction from the market and reinvigorated action from the shorters.
It could present a good buying opportunity if you have the funds, the stomach and patience to ride it out.
Thankfully (hopefully) the gold shouldn't be going anywhere, so maybe we will get a better price for it in the future.
We could really do with some love from the DPIE about McPs and a positive study to justify the build.
Oh well.
I agree with @JackTrade that it seems like there is good news in...
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Last
$1.56 |
Change
-0.040(2.51%) |
Mkt cap ! $1.174B | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.58 | $1.55 | $6.501M | 4.105M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5750 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 5598 | 1 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |