Seems like another junior partner S/Holder bagging one of the best performers in the gold sector. Goldbuggery at its best constantly predicting market crash, it won't matter if a company is hoarding paper profits in physical gold bars form hidden in some vault, everything will sell off. You only have to see what happen the 3 days of selling in out ASX to see gold is not a sure thing protection against panic selling leading into a crash.
Another proverbial nail on the AUD with those weak retail numbers and super low bond yields which only means cost of holding gold bars are minimal relative to cash yield. Great condition for gold price I would have thought.
The trigger will be POGO, I have no idea if this will turn out to be another Plutonic but the cost price for the asset was cheap.
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$15.90 |
Change
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 88 | 15.680 |
1 | 1000 | 15.640 |
1 | 63 | 15.630 |
1 | 300 | 15.620 |
Price($) | Vol. | No. |
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15.920 | 628 | 1 |
15.940 | 1000 | 1 |
15.980 | 1463 | 1 |
16.000 | 4244 | 5 |
16.010 | 2700 | 1 |
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