Its a pretty sound result considering the move down in the POG. My view is we may have seen a bottom in gold at $1180, obviously its early days & this is yet to be confirmed, however I don't see the risk/reward ratios on shorting gold here particularly when we have already seen some high cost mine production curtailed & mine closures. Even the big boys are suffering from their over eating at the trough! I like the fact they are being conservative in the current environment & if I'm right about gold & we see it back to $1400-1500 range with a Aussie trading around 90c possibly lower then things will start to look pretty rosey again for this company. All producers will only start to perform with a better POG & the better ones will shine. I am still targeting around $1.20 for NST.
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Its a pretty sound result considering the move down in the POG....
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 56771 | $12.76 |
Sellers (Offers)
Price($) | Vol. | No. |
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$12.77 | 32172 | 4 |
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No. | Vol. | Price($) |
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2 | 56771 | 12.760 |
4 | 11710 | 12.750 |
2 | 20204 | 12.740 |
3 | 56039 | 12.730 |
4 | 33330 | 12.720 |
Price($) | Vol. | No. |
---|---|---|
12.770 | 32172 | 4 |
12.780 | 11132 | 4 |
12.790 | 16845 | 2 |
12.800 | 35810 | 3 |
12.810 | 50234 | 5 |
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