Nem and Barrick are worth contemplating for the bottom pickers. Another strategy is to bet on the strongest in the pack. Varying degree of success personally, the biggest issue is timing.
With gold where it is now in the ATH zone, this is either buying at the top or gold rally is just starting. I recall 2011 almost the same sentiment. I still very much regretted having sold CMM last year out of fear when a 100+% gain was in one swing vaporised! Of course the obvious happened after I sold! Please note, I bought on a momentum breakout anticipation unlike my more natural pullback opportunities.
I really never understand the gold dynamics anymore, not that I ever did. Might as well enjoy the gold ride when given.
DEG is a bit dissapointing but there are few others that are even more struggling to catch bids!
Chart - TA, page-3872
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Last
$1.47 |
Change
-0.010(0.68%) |
Mkt cap ! $3.523B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.49 | $1.46 | $4.831M | 3.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 52325 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 144705 | 6 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| DEG (ASX) Chart |