At the moment I am taking a punt with a less than 10% stop loss, the reason for that was I saw a lift in the Gold price that had the look of a hint of sustainability, KCN moves fast and hard when it bounces.
Of course if I'm wrong which is more than likely I will slip out without incurring any real damage, but if I happen to be right the upside could be impressive, the odds are against me of course but the upside is attractive enough for the gamble.
I do not believe QE3 will be tapered and I do not believe that all is as well with the US economy as is being portrayed, the amount of margin debt is at a record high.
They had a go at suggesting a Taper some months ago and the market almost went into a panic just at the suggestion and the 10 year treasury bond yield spiked dangerously. The FED will say that fundamentals still do not support a reduction.
If kicked out of KCN, I will watch and wait for another opportunity either here or with RRL.
That is my 2 cents, DYOR, I like to gamble.
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Last
$1.61 |
Change
0.010(0.63%) |
Mkt cap ! $416.2M |
Open | High | Low | Value | Volume |
$1.61 | $1.66 | $1.59 | $658.7K | 407.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 2268 | $1.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.61 | 1718 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2201 | 1.605 |
4 | 6382 | 1.600 |
4 | 11642 | 1.595 |
1 | 900 | 1.590 |
1 | 1150 | 1.585 |
Price($) | Vol. | No. |
---|---|---|
1.610 | 2912 | 7 |
1.615 | 1679 | 3 |
1.620 | 14462 | 7 |
1.625 | 1859 | 2 |
1.635 | 45368 | 2 |
Last trade - 14.26pm 28/06/2024 (20 minute delay) ? |
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