I just can't see gold tanking much further.
gold & bonds & equities have fallen in lockstep over the past month which is highly unusual.
soon, bonds will start to decouple from equities and gold should follow. I reckon with inflation still high and elevated, but decelerating in its growth rate, that gold should catch some sort of a bid.
Which means we are due for some sort of rally. Will it be a weak rally after which we continue going down? I don't know. But the odds are strong for some sort of bounce in gold.
it's definitely good trading odds. I am using a pretty tight stop though - these markets are crazy and you don't want to blow your account up.
I just can't see gold tanking much further. gold & bonds &...
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Last
$15.79 |
Change
-0.040(0.25%) |
Mkt cap ! $18.14B | |||
| Open | High | Low | Value | Volume |
| $15.88 | $15.99 | $15.75 | $45.85M | 2.895M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10836 | $15.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.80 | 1226 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| NST (ASX) Chart |