SimpleSimon, agree, however I don't think the Fed is anywhere near withdrawing QE & if they do I think the equity markets would crash. The US is limping along, albeit improving slightly. The Fed's hands are tied imo due to the inertia of government. Sovereign debt is still a major issue, more so in Japan than the US although the US is following down the same path. Sure gold doesn't pay a dividend etc, however it isn't being printed like its going out of fashion & 'consumption' is growing. China bought basically Australia's annual production in March & probably bought a lot more in April. I'm no gold bug & I really don't think it makes a lot of sense, however a hell of a lot of the world populous thinks it does & its the part of the world that's wealth is growing substantially. We are in the beginning of the Asian century & Asia loves gold. So short term we may still see money moving out of ETFs etc but that's a one off sell albeit a big one. Asian buying particularly out of China has only just begun.
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Last
72.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.85M |
Open | High | Low | Value | Volume |
72.0¢ | 72.0¢ | 72.0¢ | $303 | 421 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 70.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
75.0¢ | 26250 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8700 | 0.695 |
1 | 10000 | 0.680 |
2 | 15000 | 0.670 |
1 | 50000 | 0.660 |
2 | 11538 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.775 | 2452 | 1 |
0.790 | 5567 | 1 |
0.800 | 6061 | 1 |
0.850 | 15567 | 1 |
0.900 | 9 | 1 |
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