My take on the current discussion.
The gold chart could be forming a wedge and approaching the apex, which means a climb/plunge coming. I’m hoping it will be a climb.
If this happens, the RXM chart could be interpreted as a pole and flag (non-tapering pennant) which indicates a rise of about 50 cents from the central dashed line at a time that cannot be predicted from this indicator.
The current excellent copper price of USD 4.71 /lb lends this credence. A timely, good ore review from Hog Ranch would increase the chance of a rise in SP.
Hope springs eternal, especially for optimists.
Listing on US Markets, page-12
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Last
27.5¢ |
Change
0.010(3.77%) |
Mkt cap ! $211.1M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.5¢ | 26.5¢ | $214.7K | 794.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 825200 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 108591 | 6 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
27.3¢ |
Change
0.010 ( 2.75 %) |
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| Open | High | Low | Volume | ||
| 27.0¢ | 27.5¢ | 26.5¢ | 377793 | ||
| Last updated 15.57pm 21/05/2024 ? | |||||
| RXM (ASX) Chart |