The canary in the mine is Copper
Copper is a leading indicator and has fallen 13% in 3 months which indicates a slowing world economy. Deflation which is golds enemy.
Inflation
USA and Britain inflation at 8% expected to reach 10% to 12% by xmas USA economy shrank by 1% stagflation.
When interest rates rise gold will fall and the ASX will retreat 10% for every 1 % rise in rates. USA interest rates will likely reach 5% or go higher.
Interest rates.
The world is suffering from high inflation after covid and slowly raising rates.
The gold price will likely fall by $600 usd as the USA raise rates.
Every .5% rise in rates gold will fall $100 usd.
USA will rebound if they do another QE. but they have run out of money.
USA debt $10 trillion 2008 now $30 trillion.
Strategy
The best thing RMS can do is conserve cash, the dust will settle within 18 months.
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Last
$2.40 |
Change
0.015(0.63%) |
Mkt cap ! $2.770B | |||
| Open | High | Low | Value | Volume |
| $2.46 | $2.47 | $2.38 | $25.10M | 10.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 66 | 116991 | $2.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.40 | 93146 | 20 |
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| Last trade - 13.04pm 07/07/2025 (20 minute delay) ? |
| RMS (ASX) Chart |