HGO
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0.00% 6.3¢ hillgrove resources limited

US COMEX traders taking profits from the run up, solid Chinese...

  1. Opex
    167 Posts.
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    23/05/24
    07:44
    Post #: 73966110
    US COMEX traders taking profits from the run up, solid Chinese physical inventories and the SHFE spot
    premium turning negative. Not a bad thing to shake it out a bit.

    It's short term noise, the macro copper picture is still strong and copper is just as likely to go back above $5 USD in the next few days/weeks.

    Copper is still at $7.23 AUD per pound. HGO is highly profitable at these levels.
    HGO Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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