I expect the same, have gone back into RMS today at 0.84 after selling at 1.36 previously.
I chose a company that has all operations in Australia and multi project for next addition to portfolio, which is why I chose RMS over topping up on GOR or SBM. Would look at GOR if it got to 80 cents again, missed that one but had to be quick on it......
US appears to finally getting bi-partisan support for a massive USD$1tr + stimulus plan tonight, final sticking point was what protections would be put in for company works. That is my interpretation anyway.
Another bit of anecdotal info that leads me to Gold being first to recover and generally quicker than in the GFC.
At the November 25, 2008, Federal Open Market Committee meeting, the Fed announced QE1.
Approximately 1 year after the stockmarket peaked.
- This bear market, equities peaked in February 2020 and the FED announced US$700bn in QE last week with the ECB announcing EUR$750bn last week. 1 month post stock market peak.
I expect the same, have gone back into RMS today at 0.84 after...
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Last
$1.89 |
Change
-0.045(2.33%) |
Mkt cap ! $2.162B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.94 | $1.88 | $7.821M | 4.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 89751 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 14263 | 3 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |