But with housing stuck in neutral and a European recession on the horizon, economists believe QE3 is all but certain.
and that is why the worst the news has become the more the US market has gone up.
I am not saying the market will keep going up now with no more volatility and everything will be rosy now, but this is why I did not sell my gold stocks with everything else last June.
It's also why I bought many more KGL under 11c a few months ago when many thought the market was sure to go lower.
Here is one from Marc Faber.
I have'nt had a chance to listen yet (14mins long) but its titled "Marc Faber: Relax, Stocks Will Not Collapse" so it may be worth a listen for those that are still sure markets will go lower (just for an alternative view).
http://goldsilver.com/video/marc-faber-relax-stocks-will-not-collapse/
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Last
10.5¢ |
Change
-0.010(8.70%) |
Mkt cap ! $59.56M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 10.5¢ | $30.08K | 278.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 206666 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 150000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 206666 | 0.100 |
1 | 30000 | 0.097 |
3 | 63427 | 0.095 |
1 | 10700 | 0.093 |
1 | 6000 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 150000 | 1 |
0.110 | 158000 | 2 |
0.130 | 242684 | 1 |
0.140 | 19749 | 2 |
0.160 | 14000 | 1 |
Last trade - 12.56pm 08/07/2024 (20 minute delay) ? |
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KGL (ASX) Chart |