Unbelievable! Just read an article about BMO (Bank of Montreal) raising its forecasts for both gold and silver prices.
The unbelievable bit wasn't that it was raising its short-term forecasts, the unbelievable bit is that it still has a long-term forecast gold price of just US$1650/oz. That is the whole problem with the precious metals sectors at the moment and why we are seeing little to no reflection in the share prices of companies even though the prices of the metals themselves continue to rise. Not surprising when these are the sorts of numbers these guys are still punching into their models.
Really got to make you wonder about these so called "expert" analysts, do they even apply just the slightest bit of common sense. I mean with the massive increase in costs in the sector over the last few years, and no doubt more to come in the next few, you can pretty much guarantee that a big chunk of the sector won't even be able to pull it out of the ground at those prices in 4-5 years time, yet they're still willing to hang their hats on those types of numbers.
- Forums
- ASX - By Stock
- NST
- Best looking weekly chart
Best looking weekly chart, page-2183
-
- There are more pages in this discussion • 98 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NST (ASX) to my watchlist
|
|||||
Last
$15.11 |
Change
-0.050(0.33%) |
Mkt cap ! $17.36B |
Open | High | Low | Value | Volume |
$14.91 | $15.11 | $14.79 | $68.57M | 4.584M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7140 | $15.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.11 | 25546 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 15.010 |
1 | 1500 | 14.850 |
4 | 4545 | 14.800 |
1 | 1092 | 14.790 |
1 | 101 | 14.780 |
Price($) | Vol. | No. |
---|---|---|
15.130 | 1000 | 1 |
15.150 | 1500 | 1 |
15.160 | 2218 | 6 |
15.170 | 50 | 1 |
15.200 | 375 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
NST (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online