Keep those stop losses tight. This was taken from "marketwatch" and confirms my theory cash is king at the moment.
?Gold sell stops are being placed as asset managers need to raise cash to stem portfolio losses,? wrote George Gero, vice president in global futures at RBC Capital Markets, in emailed comments.
With gold?s recent record run, some investors also have judged the metal to be overvalued, according to Stephen Platt, a commodity analyst with Archer Financial Services in Chicago.
Lets see what the short term brings for red.
massive unload, page-15
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $2.891B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.5¢ | $11.42M | 26.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 222136 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1437793 | 11 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |