Guys, there is an interesting interview on K!@co about whether gold is being stabilised by Central Banks.. Makes eminent sense - stabilisation being due to the need to ensure that they are in control - using the futures market to keep price in check. The interviewee considered that POG should have reacted to the bad inflation numbers last week - it did not, implying "stabilisation".
If this is so, then it is indeed only a matter of time. One minor problem in the s/t might be a lack of demand from India given their current predicament - the fact that POG is maintaining strength in spite of this may be a pointer to what might be coming? POS will follow POG up but more strongly from these levels IMO.
IVR - The Case for Silver Mining Stocks, page-260
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Last
4.0¢ |
Change
0.001(2.56%) |
Mkt cap ! $63.35M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.1¢ | 3.9¢ | $117.2K | 2.927M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1864879 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 300000 | 1 |
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| Last trade - 15.54pm 09/08/2024 (20 minute delay) ? |
| IVR (ASX) Chart |