I have been totally concurring with your position all along Eclecti-nish. See my posts also. Gold pours do nothing for share prices. The rally over the past 2 days, if you could call it that, certainly indicates confidence and provides some consolidation. Dilution is starting to show it's ugly signs, but the price has not sufferred much. Just a few fractions of a cent.
However, 1 gold pour....one of many more to come hopefully, won't cause the price to explode overnight. None the less, I expect solid share price growth, but nothing out of the ordinary in the immediate to short term.
Furthermore, gold has dropped today. Look at all the gold producers today. Now, that is a sign that confidence is returning to the share market. Why? Because investors are backing away from gold, or selling their gold inventories and re-channelling that money into equity.
A perplexing situation, but at least we have a bright side to look upon.
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14.0¢ |
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Mkt cap ! $44.41M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.0¢ | $52 | 351 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2098 | 14.0¢ |
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Price($) | Vol. | No. |
---|---|---|
15.0¢ | 9858 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2098 | 0.140 |
3 | 45852 | 0.135 |
6 | 152286 | 0.130 |
3 | 35576 | 0.125 |
3 | 92833 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 9858 | 2 |
0.155 | 6000 | 1 |
0.160 | 37300 | 2 |
0.165 | 52653 | 4 |
0.170 | 112230 | 4 |
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