pisces
Don't you have the feeling that gold equities are a bit on the nose? The gold price is OK, but people prefer to buy dividend paying shares rather than take on added risk in goldies which mostly do not pay a dividend.
If the goldies do not take off soonish then they may just drift down or go sidewise through most of the middle of the year. And if there is a major selldown in US shares then they will tank even more than the rest of the market.
Gold equities seem to need the Chinese powers to loosen the credit flows and for the US to do QE3, which may not happen. Although in reality the US annual deficit of over $1 trillion plus Fed activities to keep real interest rates negative would be expected to promote risk taking. It has managed to re-inflate the share market.
Long term I expect gold equities should be fine, as long they are not rubbish shares, which RSG is not.
loki
mali coup, page-7
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Last
73.5¢ |
Change
0.020(2.80%) |
Mkt cap ! $1.564B | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 74.0¢ | 72.0¢ | $6.861M | 9.349M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 466482 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 314277 | 13 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| RSG (ASX) Chart |