There is no economic momentun in the market to take gold back to highs and also the recession will result in a slow bleed to new lows.
Its like watching a knife fight in slow montion, lots of small cuts untill the final blow. There is universal instablity in the world which results in the USD being a safe haven and gold is abandoned.
I think there will be a finanical melt down that will make 2008 look like pocket change. I think that governments around the worlld will need to find trillions to bail out banks. I have no idea how they will achieve this. This is a corner that I can not see a way out.
There is no economic momentun in the market to take gold back to...
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Last
$2.17 |
Change
-0.010(0.46%) |
Mkt cap ! $2.491B | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.24 | $2.15 | $8.414M | 3.842M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 289 | $2.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.17 | 177098 | 3 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |