Lverty,
You're making some really spot on comments on the current global financial situation. (lot's "fiat money" is being created out of thin air)
Do you really believe the once which control this money making monopoly will not fight tooth to nail to keep it???
(FED, ECB etc)
Hyper inflation wont happen in the NEAR future.
On fundamentals the price of gold should certainly move up.
In reality I don't believe this will happen in the short term. The main reasons are, that despite QE2 & QE3 the pog has failed to break the top of Sep 2011.
IMO gold in 2013 will be trading about 1-2% lower than 2012. ($1450-$1800)
Even at those prices NST will be pulling in LOT'S of cash, not taking into account increasing production & exploration upside.
THAT'S why I believe NST would be a very juicy target for one of the larger goldminers to increase their reserves.
Lverty,You're making some really spot on comments on the current...
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Last
$14.23 |
Change
0.020(0.14%) |
Mkt cap ! $16.35B | |||
| Open | High | Low | Value | Volume |
| $14.02 | $14.30 | $13.93 | $64.67M | 4.552M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 673 | $14.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.25 | 9719 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NST (ASX) Chart |