Big picture gold has just traded sideways for 2 years. Inflation hasn't had any baring on price, I'm not sure why anyone still thinks it does. The correlation is inverse with treasury yields. It's not perfect over short periods but over longer time-frames it's accurate. US 10 year yield at 2.00% = gold roughly $2,000. If yields reverse course back above 3% then obviously gold will be lower. However given where oil and copper are now I'm pretty confident the top for yields was 3.25% and we're now heading lower. Lower oil and higher gold means greater margins for gold miners. I'm sure now Dave-o will tell us why he didn't sell RMS at $2.50.
market revaluation 75 cents., page-132
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Last
$1.96 |
Change
-0.040(2.00%) |
Mkt cap ! $2.242B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.02 | $1.96 | $6.529M | 3.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 80904 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 13842 | 3 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |