Please remember traders are looking for the next big thing whereas gold has had a run and a correction is ongoing (hopefully near its end)
A lot of hot money has gone into the alternative Crypto Currencies and now they are also experiencing what is possibly a sell of.
Risk on is also the rage as the markets await a further USA stimulus and that also is not good for gold .
Joe Biden will be president in 9 days and that further reduces market uncertainty but he controls the Senate (just) thus his spending bills will within the year probably cause inflation..
CV19 vaccines are being rolled out and that is positive for risk on assets.
I don't believe gold is hated but I do believe gold loves inflation and market uncertainty and if the CV19 vaccines are not effective against the new mutated strains of CV19 then gold could fly..
All the gold stocks will drop when the POG drops with the exception of coincidence of a good market announcement with some very rare exceptions.
Please DYOR and the above is Not advice just IMO
BGL - Share Price forecast and results, page-291
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Last
$1.41 |
Change
-0.030(2.09%) |
Mkt cap ! $1.683B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.47 | $1.40 | $16.14M | 11.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 102 | 571039 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 192872 | 81 |
View Market Depth
| Last trade - 12.43pm 29/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |