Gold is rapidly approaching a critical support level around $US 1,800, and if it fails to find support here on a weekly basis it could quickly drop to $1,600 or even 1,560. Two weeks ago I would have thought it impossible, but even as I'm writing this gold is off another $30/oz to $1,806 so it's continuing to take a massive beating. I've been watching WAF closely for 2-3 months looking for a potential entry, but if that support level is broken it could be a really volatile and white-knuckle ride for investors, so holding off for now. I agree that being an unhedged producer probably amplifies the moves both ways.
Ann: West African NWR Virtual Resources Presentation 2020, page-122
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Last
$1.48 |
Change
0.018(1.19%) |
Mkt cap ! $1.526B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.49 | $1.47 | $1.206M | 813.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 64336 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 25024 | 18 |
View Market Depth
| Last trade - 11.01am 06/06/2024 (20 minute delay) ? |
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Last
$1.49 |
Change
0.018 ( 2.15 %) |
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| Open | High | Low | Volume | ||
| $1.48 | $1.49 | $1.47 | 200969 | ||
| Last updated 11.21am 06/06/2024 ? | |||||
| WAF (ASX) Chart |