I use a guy called james Flanagan at Gann Global for long term trends. He was expecting a major bear market rally on commodities (and stocks), on the proviso the commodities index and S & P didnt break below some support points. Well they did last night!
Consequently we are in no mans land, in fact Flanagan thinks it could be catastrophic. The US economy is a catastrophe. Nickel could trade at below the cost of production for another year, though IGO should still be just profitable. When nickel rallies though it should be strong , esp if there has been supply destruction. IGO could then have another bumper crop. Its a bit like being a farmer!
I bought IGO because it was a last man standing stock. heaps of cash, quality management and 30% of a stand out gold project. I've got a 3 year view. You need to because the next 6 to 9 months could be devastating for stocks.
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Last
$5.56 |
Change
0.020(0.36%) |
Mkt cap ! $4.210B |
Open | High | Low | Value | Volume |
$5.50 | $5.56 | $5.44 | $20.38M | 3.677M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11063 | $5.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.57 | 15073 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11063 | 5.550 |
1 | 20000 | 5.540 |
2 | 4130 | 5.520 |
3 | 42532 | 5.510 |
6 | 39135 | 5.500 |
Price($) | Vol. | No. |
---|---|---|
5.570 | 15073 | 4 |
5.580 | 50433 | 4 |
5.590 | 16359 | 2 |
5.600 | 14516 | 2 |
5.650 | 2000 | 1 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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IGO (ASX) Chart |