Hi Rabbitoh
A Gold price of US $1860 is definitely a possibility IMO.
It’s all Smoke & Mirrors. Markets / Commodity Prices are controlled by Governments / Large Corporations.
During Challenging / Tough Times your strategy should change from making money to maintaining wealth.
I feel we have 2 Options:
1. Buy and Sell Dips & Spikes in the Gold Price
which very difficult to get Right
2. Play the Long Game. My preferred option in this current economic / geopolitical environment.
I’m Tipping Gold to hit US $2,500 / 1 - 2yrs?
It may however by then be worth less than the recent high of AUD $2,800 as the US $ will have tanked for this to happen.
During the peak of the Global Financial Crisis 2007 / 2008 the AUD was worth US$1.10
I can see the US $ weakening even further in the next
1- 2 Years. Gold, not the US$, will now be the Worlds (China & Russia) preferred Safe Haven Option.
The Gold Sector will Consolidate with a large amount of Mergers and Takeovers taking place. Quality Gold Producers will be generating / have huge amounts of cash to spend.
NXM will be High on several companies wish list.
What price will NST pay?
If they want NXM / They get NXM.
I have $1.35 in my head for some reason?
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
2 | 147367 | 4.2¢ |
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Price($) | Vol. | No. |
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4.3¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 97367 | 0.042 |
1 | 102500 | 0.040 |
2 | 106724 | 0.039 |
4 | 460358 | 0.038 |
1 | 400000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 10000 | 1 |
0.048 | 145000 | 2 |
0.050 | 50000 | 1 |
0.052 | 200000 | 1 |
0.053 | 33445 | 1 |
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