E79 e79 gold mines limited

Also worth asking ourselves at this point in the peace—with...

  1. 3,379 Posts.
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    Also worth asking ourselves at this point in the peace—with Trump’s “Liberation Day” tariff bombshell and full-blown acknowledgement that the US is heading into recession (which will inadvertently drag the rest of the world with it)—are gold prices going to drop, hold, or rip higher from here?

    Tariffs spark uncertainty. Recessions spark fear. The bigger the tarrifs, the bigger the fear. And historically, gold thrives on both.

    The US dollar might spike short-term on safe haven flows, but if the Fed cuts in response to weakening growth, and global trade slows under the weight of tit-for-tat tariffs, we could be looking at a perfect storm for a gold run.

    Inflation might not be dead either. If tariffs push up input prices while growth stalls, you get stagflation—which gold absolutely loves. Throw in central banks (especially China and BRICS nations) continuing to stack physical gold, and you’ve got the backdrop for a serious move.

    So the question again: Do gold prices hold the line, consolidate quietly... or rip hard in response to the macro chaos that’s coming?
    Last edited by OzBandit: 03/04/25
 
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(20min delay)
Last
2.2¢
Change
0.001(4.76%)
Mkt cap ! $3.485M
Open High Low Value Volume
2.3¢ 2.3¢ 2.1¢ $3.631K 162.2K

Buyers (Bids)

No. Vol. Price($)
2 94913 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 82660 1
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Last trade - 13.12pm 16/06/2025 (20 minute delay) ?
E79 (ASX) Chart
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