It think based on my calculations RMS the market has anticipated the gold price falling back to $1500 usd ounce and RMS is trading on that perception. Gold could fall back to $1000 to $1200 usd ounce or lower.
When the market liquidates, everything goes. Tuesdays rate rise will see the ASX fall a lot further and the market will demand higher yield which will also effect RMS. RMS will head towards 50 cents as the market demands more yield. The rate rise to date has knocked $240 off the gold price and $1.50 off RMS share price.
gold correction target $1, page-148
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.86 |
Change
-0.035(1.85%) |
Mkt cap ! $2.125B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.87 | $1.85 | $5.346M | 2.880M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 147704 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 11334 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.86 |
Change
-0.035 ( 1.16 %) |
||||
| Open | High | Low | Volume | ||
| $1.86 | $1.87 | $1.85 | 583726 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| RMS (ASX) Chart |