I think the POG maybe tossed 2 and fro for a bit and even see lower before a substantial bounce. Those holding RED will need to be quite patient for their returns I would say.
Of course movement on a major news event could disqualify the POG theory. What are the expected costs of production per ounce?
gold to hit 1500 by end of yr, page-3
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Last
33.5¢ |
Change
-0.010(2.90%) |
Mkt cap ! $2.278B | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.3¢ | 33.0¢ | $7.086M | 21.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1728335 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 191524 | 4 |
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| RED (ASX) Chart |