Not at all surprised to see a pull back in POG - it may even go lower. But if many gold experts are right we will see POG go a lot lot higher after this pullback.
Seen a number of articles and podcasts saying the share market is not pricing in a recession. But lots of experts are suggesting a be is coming in the US most probably in the September quarter 2025. An article in the AFR called the sharemarket rise 'bonkers' - echoes my view - see headline below and the key para from the article.
Lots of poor economic data out in US in last few days - lots more claims for unemployment, negative GDP in March quarter, higher inflation, etc and that's before the tariff impacts are really felt.
Here are some highlights from Apollo a big funds management group. The chart on timeline of tariff impact is very good.
Not at all surprised to see a pull back in POG - it may even go...
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Last
$2.27 |
Change
0.060(2.71%) |
Mkt cap ! $2.909B | |||
| Open | High | Low | Value | Volume |
| $2.23 | $2.27 | $2.20 | $7.331M | 3.278M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 403 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.27 | 77805 | 7 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| SPR (ASX) Chart |