I see the logic of your position, ghosta.
Two (three?) factors to consider concerning Au's safe haven status are: 1) ETFs luring investors away from investing in specific goldies (DEG, if anything, gets a small crumb of that pie; 2) crypto siphoning off "Au money," and; 3?) safe haven status itself and Au's relation to that, be it a financial, geopolitical or plague crisis. I suspect there is a correlation, but will have to look at some very long charts.
I also suspect (hope) your last sentence, " If Bitcoin were to collapse, gold and gold stocks would get a huge boost," is correct. I don't necessarily agree with the article (my bias) but it provokes reasonable thought, eg. ghosta. More importantly, it keeps some on their toes for any possible correction/trade.
OV
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I see the logic of your position, ghosta.Two (three?) factors to...
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Last
$1.24 |
Change
-0.010(0.80%) |
Mkt cap ! $2.286B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.24 | $3.334M | 2.676M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 108705 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 20490 | 2 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.24 |
Change
-0.010 ( 0.44 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.26 | $1.24 | 820175 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| DEG (ASX) Chart |