The only reason gold is weak at the moment is because of inflation expectations & gdp/company growth in the states (plus it has run hard & needs a correction).
The economy is "looking" up so there is a little less demand for gold. However, at the same time this puts pressure on copper to go up. Copper going up is good for KGL. It balances out the drop in gold. That's why I like this stock.
I topped up a little at 16c yesterday. Of course it would've been better to top up today, but I don't think there's anything to worry about in the long run. I can wait. And when sovereign debt becomes a big issue again, gold will start it's next run up.
market depth, page-52
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $68.05M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18095 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 100000 | 1 |
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| Last trade - 10.04am 11/11/2024 (20 minute delay) ? |
| KGL (ASX) Chart |
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