Mates maybe we are all wrong to think that golds stocks would move higher with gold price after all, all gold stocks like ncm or lgl are part of the index so when the market go down the stocks have to go down too.
The past few rough weeks we see that even gold does go up lgl and ncm are not performing the way we believe.
Funds have to sell gold or gold stocks to raise money for margin calls, last few days US went down and gold went down as well in theory it should go up, when gold hit over US $900, lGL had been very weak not shooting up the way we hoped for, at one point the market will recover means people will move money away from safety (gold and Gold Stocks?) back into shares, if gold stocks are not doing well now hey what happens when or if gold goes down in time when people move the money away?? back into stocks.
My logic is still saying that gold will move higher, and US dollar will be lower and when that time comes gold stocks NCM, LGL should find better support in the meantime they have been very disappointing realy but logic has got nothing to DO with STOCK MARKET......
Cheers...
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Last
$1.75 |
Change
0.000(0.00%) |
Mkt cap ! $213.6M |
Open | High | Low | Value | Volume |
$1.75 | $1.75 | $1.75 | $4.377K | 2.501K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 607 | $1.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.76 | 287 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 607 | 1.650 |
1 | 100000 | 1.515 |
1 | 393 | 1.500 |
1 | 447 | 1.120 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
1.760 | 287 | 1 |
1.785 | 25000 | 1 |
1.790 | 11331 | 1 |
1.800 | 1880 | 1 |
1.850 | 585 | 1 |
Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
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