All the Miners are on a good uptrend at present. Due too the shonky practices of the last 12-18months I Can't see AMI breaking .14 until we get the next Quartly report. We only have Mike Menzies and the current Management to blame for that one. If the events of last year did not occur the way they did, then I imagine we would be upwards of $0.35 now.
Gold is on a good uptrend at present and it could break $1400 US an ounce, especially when the US economic data is released on the Non- Farm payroll tommorrow evening. If the data is in the negitive, Gold will continue to shoot for the stars! Monday's trading on the ASX will also be good for the miners.
Although currently Gold is overbought and I expect if the Non- Farm data is Positive for the US economy then We will see a significant drop in value and Come Monday the Miners will take a significant hit in the ASX.
Gold bullrun
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $321.3M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.0¢ | $454.8K | 2.446M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 878210 | 14 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| AMI (ASX) Chart |