I luckily did sell some at the 1.60 to 1.70 range but foolishly bought more at 1.10 and then more around 80 cents. My average sits at about 98 cents in my super and 1.07 in Mrs C's super so not too far from current pricing .
My plan moving forward is to reduce about half of my holding when it gets back into that 1.00 to 1.10 range and then reallocate funds to other gold stocks I still have good faith in.
My faith in traditional economics tells me that all this money printing from central banks will lead to inflation and higher gold prices and I expect to see $2000 US Oz by the end of 2020. So RSG will appreciate in the near future, but I do feel long term I am better holding alternative stocks that allow me to sleep better at night. I will continue to hold a smaller holding much more in line with the risks RSG has with regards debt and performance issues.
Gold will have at least a run of 24 months where it may even reach $300US Oz and I expect gold stocks in general will see big returns .I believe I am but one gold bull among many.
Christopher
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Last
67.5¢ |
Change
-0.010(1.46%) |
Mkt cap ! $1.437B |
Open | High | Low | Value | Volume |
66.0¢ | 67.5¢ | 64.8¢ | $10.88M | 16.42M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 36098 | 67.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
67.5¢ | 377203 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 36098 | 0.670 |
1 | 36098 | 0.665 |
1 | 36098 | 0.660 |
7 | 182886 | 0.655 |
5 | 128378 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.675 | 309014 | 4 |
0.680 | 407683 | 7 |
0.685 | 215588 | 4 |
0.690 | 544768 | 6 |
0.695 | 191598 | 5 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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