RMS 0.13% $1.88 ramelius resources limited

I'm not sure what you're basing your thesis on gold could fall...

  1. 1,941 Posts.
    lightbulb Created with Sketch. 484
    I'm not sure what you're basing your thesis on gold could fall at anytime or if you're referring short-medium term? We all know the macro backdrop re central bank intervention and inflation of M2 money supply. On top of that there's a technical change in the Dow/gold ratio which shouldn't be ignored.
    My chart below going back 30 years to Jan 1980 when the ratio was 1:1. In Q4 2018 the ratio touched the 50% fib and failed to regain, ultimately breaking the channel in July 2019. Then followed repo-pocalypse in Sep 19 fed repo rate blow out and not-QE. (I'm not sure anyone needed anymore signs to be out of the market at that point). Anyways until 22.5 is taken out on the below I'm confident long gold (and PM stocks) and commodity currencies (AUD) / short stock-market indecies is the correct trade. *not financial advice*.

    https://hotcopper.com.au/data/attachments/2188/2188965-45349c8b17f19013464e526680698b94.jpg





    Last edited by BullishBearish: 29/05/20
 
watchlist Created with Sketch. Add RMS (ASX) to my watchlist
(20min delay)
Last
$1.88
Change
0.003(0.13%)
Mkt cap ! $2.137B
Open High Low Value Volume
$1.86 $1.89 $1.86 $4.757M 2.549M

Buyers (Bids)

No. Vol. Price($)
25 55650 $1.88
 

Sellers (Offers)

Price($) Vol. No.
$1.88 36305 28
View Market Depth
Last trade - 13.06pm 20/06/2024 (20 minute delay) ?
RMS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.