Since hedge funds have been buying physical you'd think there will be a push soon in the spot as they are in the pump and dump business.
Deficit hasn't gone anywhere.
I would agree this 'bull' market has been quite poor. Choppy. Nothing like 2006/2007 which was amazing. Some stocks haven't even reached the highs they made in 2021 when spot was far lower. Weird.
I would argue $100 spot is not factored in. Market acting like spot will come back down to around $70-$80. Put $100 into DCF models and valuations are far higher across the board.
Will take a bit of time for buyers to come back. Maybe the real bull hasn't started yet
Since hedge funds have been buying physical you'd think there...
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $243.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 139117 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 102792 | 3 |
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| Last trade - 16.16pm 16/05/2024 (20 minute delay) ? |
| PEN (ASX) Chart |
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