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
Bantry,This is part of what I posted awhile back which may...
Add DSE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.85 |
Change
0.060(2.15%) |
Mkt cap ! $199.1M | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.90 | $2.79 | $150.0K | 53.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1800 | $2.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 2864 | 2 |
View Market Depth
| Last trade - 14.25pm 05/07/2024 (20 minute delay) ? |
| DSE (ASX) Chart |