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
$1.67 |
Change
0.005(0.30%) |
Mkt cap ! $430.4M |
Open | High | Low | Value | Volume |
$1.70 | $1.70 | $1.64 | $2.471M | 1.483M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3285 | $1.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.67 | 53099 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10845 | 1.635 |
1 | 613 | 1.630 |
1 | 10000 | 1.625 |
1 | 20000 | 1.620 |
2 | 42500 | 1.600 |
Price($) | Vol. | No. |
---|---|---|
1.670 | 41499 | 2 |
1.695 | 6602 | 1 |
1.700 | 1000 | 1 |
1.725 | 580 | 1 |
1.730 | 10000 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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