I'm optimistic on the POG. Though, to break away from bias emotionally driven optimisms, I find myself wondering whether or not the POG will be sustained within this range. I can make a calculated deduction base on existing data - but it is the variables that wash away any and all speculations.
I think a POG estimate within range of 1600-1800 may be sustainable. This debt issue is not going away any time soon, and the issues range from shining sea to the mediteranian.
I have to discard any speculations of Gold reaching past 2K within the medium term - as such speculations were based on even more speculation, and at times hinging over the fence to visit con-theory for a drink.
There are many several Gold stocks that are undervalued at this time, with studies and forecasts based on a 1200 POG. RED is one of them, and to a lesser extent IGR.
I want to leave with a question; will we see fair valuation in Nov', or are we going to have to have patience as the price slinks up to fair valuation over a period of several months? As you can probably gather, it is the risk factor that is a concern. The company itself is low risk, imo - though it is those infamous hidden variables that shake up out markets.
- Forums
- ASX - By Stock
- RED
- friday night gold rally?
friday night gold rally?, page-5
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RED (ASX) to my watchlist
|
|||||
Last
35.5¢ |
Change
0.005(1.43%) |
Mkt cap ! $2.431B |
Open | High | Low | Value | Volume |
36.0¢ | 36.5¢ | 35.5¢ | $1.962M | 5.446M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
63 | 1009946 | 35.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 1584202 | 38 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
60 | 927885 | 0.355 |
32 | 1342081 | 0.350 |
27 | 1202054 | 0.345 |
37 | 2269662 | 0.340 |
36 | 1412238 | 0.335 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 1630716 | 39 |
0.365 | 2067211 | 42 |
0.370 | 953709 | 15 |
0.375 | 1762655 | 25 |
0.380 | 1111630 | 21 |
Last trade - 10.59am 19/08/2024 (20 minute delay) ? |
Featured News
RED (ASX) Chart |