A gold price of 3000US dollars an ounce, a mere $US670 away, converts to $AUD4581 per ounce.
According to the Blackrock bots, this will convert to a NST share price of... drum roll... $AUD7!
Actually, NST is not the only goldy which seems to be divorced from an ascending gold price.https://finance.yahoo.com/news/biggest-gold-miners-missing-bullion-151826853.html
Can all these companies be suffering from higher costs, or simply higher 'bot activity' on the gold markets, and will meteoric company profits, kick the bots into the rubbish bins from history?
My take on the NST gold price is the bots reduce the NST share price by 33%, so our NST $14 gold price should currently be $AUD21. How long before the bot activity becomes so absurd, that the market regulators are forced to act, to save their own skins, and the shared belief in the 'integrity' of the markets, even if this is a hopelessly naive concept?
A gold price of 3000US dollars an ounce, a mere $US670 away,...
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Last
$14.63 |
Change
0.060(0.41%) |
Mkt cap ! $16.81B | |||
| Open | High | Low | Value | Volume |
| $14.64 | $14.72 | $14.48 | $39.71M | 2.718M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1538 | $14.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.64 | 6361 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$14.59 |
Change
0.060 ( 0.24 %) |
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| Open | High | Low | Volume | ||
| $14.68 | $14.72 | $14.49 | 279863 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| NST (ASX) Chart |