Bantry,
This is part of what I posted awhile back which may partly answer your question.
"At the moment I pulled some orders I had for gold producers as well as near producers.Technically I still see more downside in the market. Until the banks in the U.S start lending again you won't see this market turn around in a hurry. No lending = inflation will slow not increase = deflation.
You could also debate the affect deflation has on gold as well at another point in time perhaps.
What concerns me is how money isn't flowing into gold stocks as one would expect. Fear is still very much apparent uncertainty brings with it instability.If the market continues to fall further, margin call liquidations will have a negative impact on gold unfortunately.Technically if gold breaches 818 we could see low 700's or high sixes possibly."
cheers
- Forums
- ASX - By Stock
- DSE
- increased demand for gold
increased demand for gold, page-6
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DSE (ASX) to my watchlist
|
|||||
Last
$3.27 |
Change
0.030(0.93%) |
Mkt cap ! $228.4M |
Open | High | Low | Value | Volume |
$3.24 | $3.30 | $3.23 | $215.8K | 65.97K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $3.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.43 | 5500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6600 | 3.020 |
2 | 5693 | 2.950 |
1 | 15000 | 2.940 |
1 | 4 | 2.900 |
1 | 40 | 2.560 |
Price($) | Vol. | No. |
---|---|---|
3.430 | 5500 | 1 |
3.520 | 3929 | 2 |
3.530 | 1000 | 2 |
3.540 | 2500 | 3 |
3.550 | 11000 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
DSE (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online