Impossible to know. At least 15 cents higher based on EVN's response to Golds movements over the past 5 days.
But I think we now have another factor other than the price of gold, and that is investors now seeing Gold staying higher for longer.
Money should move more into Gold producers and then gets built on by the gold story/herd mentality. Investors rushing in so they don't miss out.
So we could see huge movements.
I was invested in WHC and basically trading it in 2022 around 4 bucks, and it took off like a scalded cat to over 10 bucks with the Northern winter and Ukraine. This move did not need a comparative asx move.
The longer gold stays high the more dramatic will be the sp in stocks like EVN and NST.
EVN chart, page-3315
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 (20min delay)
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Last
$3.71 |
Change
-0.020(0.54%) |
Mkt cap ! $7.367B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.80 | $3.70 | $30.95M | 8.280M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 36509 | $3.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.72 | 131547 | 3 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$3.73 |
Change
-0.020 ( 0.42 %) |
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| Open | High | Low | Volume | ||
| $3.76 | $3.80 | $3.70 | 4906768 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| EVN (ASX) Chart |