Sabre,
The interesting thing is that some US hedge funds are holding massive shorts way back to the $260/oz level. and still accumulating.
If the demand over the next month or so takes pog to the US$500 level, we should expect one of two scenario's, i) One or two hedge funds may collapse, trigering financial turbulance, this will send uneasy signals or 2) massive reversals above $500 which will send pog to the $580 level within days.
I'm watching, this is no time to be short. I think the Fed is also watching, wonder what their response will be.
Interesting times ahead indeed (SBM is the go)
Cheers
Zackman
Sabre,The interesting thing is that some US hedge funds are...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $163.5M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.8¢ | $687.8K | 3.425M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 278140 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 744228 | 13 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |