It only has to last until Gold shows us what direction it's heading in. If Gold breaks through the $2080 level and doesn't look back then cap raising for Junior Goldie's like STN will be like taking candy from a baby.
The GDX or large cap miners are saying this triple top in gold isn't sustainable and will break down, but central banks and the weekly close in gold are telling us otherwise.
IMO we need real interest rates to turn negative or the DXY to fail here but they manipulate CPI so much these days it's hard to know which one of the two will be the catalyst.
All you can do is follow the trade and watch what gold does in the coming weeks.
It only has to last until Gold shows us what direction it's...
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $43.68M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 19.5¢ | $17.44K | 89.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23000 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 109268 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| STN (ASX) Chart |