I agree, although I would say that USD and specifically US treasuries (not their yields) do well when market volatility is high.
Everything else, including gold and gold miners, gets sold to meet the margin calls.
Of course, a falling $A versus $US can result in the $A gold price holding up, not that it ever seems to help the gold miners even if they have Australian mines.
I'm hoping that the special circumstances associated with KCN will mostly offset any broader market correction or crash. This is why I have sold my entire equity portfolio except KCN, some small holdings in $US and UST derivatives, and a couple of reverse (short) index ETFs.
News: KCN Kingsgate Consolidated Ltd Says Licences Now Approved For Chatree Gold Mine..., page-20
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.66 |
Change
0.005(0.30%) |
Mkt cap ! $426.5M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.76 | $1.65 | $785.3K | 461.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14388 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 2484 | 1 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |