1034 [Dow Jones] Newcrest (NCM.AU) remains prefered big-cap gold play for Southern Cross Equities. Broker says gold's 15% fall from May peak is correction in long-term gold bull market and sudden breakout from recent trading range is bullish. Notes oil price is 30% above previous inflation-adjusted peak of US$105.90, whereas gold is 60% below equivalent inflation-adjusted peak of US$2,250. Says investment demand is strong, jewelry buyers have returned and speculators have exited long positions. "As a result, a new high in real terms is very possible within the next few years." NCM up 5.1% at A$31.06. Spot gold up US$1.25 at US$929.00. (DWR)
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Mkt cap ! $16.47M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $24.21K | 1.885M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 375868 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2916352 | 3 |
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| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.3¢ | 1.3¢ | 1.2¢ | 103616 | ||
| Last updated 12.36pm 22/05/2024 ? | |||||
| GSR (ASX) Chart |