I don't want to bore anyone with my drawings. There is a correlation between gold and copper (and also the USD index).
In short: I expect the gold price to continue moving upwards. With a certain delay (maximum 6 months) the price of copper will follow this trend.
The USD index shows a falling wedge - a decision will also be made here in the coming months - the USD could weaken, which would be good for metal prices in general (as they are traded in dollars).
Why do you think certain central banks are buying so much gold? Copper is entering a corner. Demand from India and other EM countries is rising. A few stronger figures from China and the thing explodes. My opinion. DYOR.
I don't want to bore anyone with my drawings. There is a...
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Last
3.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.57M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.9¢ | $11.62K | 292.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27500 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 350000 | 3 |
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| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
4.0¢ |
Change
0.000 ( 2.56 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.0¢ | 4.0¢ | 33800 | ||
| Last updated 10.49am 28/05/2024 ? | |||||
| HMX (ASX) Chart |