thanks for your input hcosah,I appreciate your time.

First 6 Last

Share
Profile

Follow
And124

624 Posts.

65

09/06/24

11:35

Post #: 74235405
Share

Originally posted by hcosah: ↑

Markets react very strongly to gold price movements. This is because the price is a tangible input (quoted regularly) into valuation models. There may be other things that affect value and maybe to a greater extent, but are quoted far less frequently. For example: in Quarterly reports, corporate events, exploration surprises or resource/reserve updates.

Here is the interesting thing though, the ASX is closed on Monday for King's Birthday. We would expect gold equities to come off 6 to 7% if the market were open on Monday in line with overseas gold index indicators. This is a pretty normal reaction for our equities in the short term on large USD price movements. However, spot gold will trade for an entire day in offshore markets prior to the ASX reopening. We know what would happen if gold retreats further, the fall compounds, but what happens if the gold price strongly rebounds in overseas markets, say recovers $65 of the $80 fall? My observation is that the market looks to the most recent information and discards the prior (old news). In other words it focuses more on the momentum than the fundamental. In this case I'd imagine gold equities in oz would actually go up! So in answer to your question eyes to Monday night gold trading.

Expand

thanks for your input hcosah,I appreciate your time.

EMR Price at posting: $3.82 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Wildcat’s PFS elicits lacklustre response

BEO

One of the biggest jumps today is the most obscure: Beonic Ltd up +65%

EMD

Emyria Advances kicks off National Rollout with Avive Health Agreement

HotCopper Trends: Vection's $7M, Liontown dips & Wildcat PFS

DUG

DUG Technology taking Shell to US District Court over A$4.75M dispute

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $3.65		Change -0.060(1.62%)		Mkt cap ! $2.408B

Open	High	Low	Value	Volume
$3.67	$3.70	$3.56	$3.677M	1.007M

Buyers (Bids)

No.	Vol.	Price($)
22	20037	$3.65

Sellers (Offers)

Price($)	Vol.	No.
$3.66	19668	57

View Market Depth

No.	Vol.	Price($)
15	7008	3.660
25	23999	3.650
16	35477	3.640
11	41319	3.630
13	24680	3.620

Price($)	Vol.	No.
3.670	26202	66
3.680	38731	42
3.690	37185	14
3.700	47129	13
3.710	10422	7

Last trade - 14.48pm 29/07/2025 (20 minute delay)

EMR (ASX) Chart

thanks for your input hcosah,I appreciate your time.

Wildcat’s PFS elicits lacklustre response

One of the biggest jumps today is the most obscure: Beonic Ltd up +65%

Emyria Advances kicks off National Rollout with Avive Health Agreement

HotCopper Trends: Vection's $7M, Liontown dips & Wildcat PFS

DUG Technology taking Shell to US District Court over A$4.75M dispute

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

thanks for your input hcosah,I appreciate your time.

Top Stories

Wildcat’s PFS elicits lacklustre response

One of the biggest jumps today is the most obscure: Beonic Ltd up +65%

Emyria Advances kicks off National Rollout with Avive Health Agreement

HotCopper Trends: Vection's $7M, Liontown dips & Wildcat PFS

DUG Technology taking Shell to US District Court over A$4.75M dispute

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News