No point gilding the lily, that was a pretty crappy day for CNB and goldies generally. Of the goldies I track the producers (eg NST and SAR) and those with low SOI seemed to get hit hardest (eg CNB and NXM) although there wasn’t a clear pattern across the board. Having a tight cap structure can work both for and against shareholders. Us CNB holders have seen it both ways in recent times.
In my view the market has grossly overreacted here. Progress on a COVID-19 vaccine is of course a welcome development from a global health perspective, but unless it’s a magic vaccine that also makes the trillions of dollars of government debt disappear that have been created (and will continue to be created through loose monetary policy) to provide income and industry support during the associated lockdowns and depressed trading conditions, the thesis for gold (and other safe haven assets) still stacks up IMO.
What is interesting is that bitcoin has decoupled from gold of late so it may be that some are rotating out of gold into BTC as an alternative store of wealth. It’s something I’ve done. Just my 2c
gltah
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No point gilding the lily, that was a pretty crappy day for CNB...
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Last
38.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.33M |
Open | High | Low | Value | Volume |
37.0¢ | 39.0¢ | 37.0¢ | $49.48K | 129.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 50445 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 2288 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 50445 | 0.380 |
2 | 19503 | 0.375 |
3 | 74540 | 0.370 |
1 | 5000 | 0.365 |
3 | 35000 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.385 | 2288 | 1 |
0.390 | 97961 | 3 |
0.395 | 52631 | 1 |
0.400 | 90000 | 1 |
0.410 | 103298 | 3 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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