My point was that gold had what I call a sucker punch rally.
I think copper has done the same & so has oil.
I'm not saying gold is the same as its clearly not, however I think in the last week or so we have seen a pull back in positions, basically short covering & others picking a bottom.
Iron ore also did a similar thing a few weeks ago, traded from $65 to $72 & then went on to new lows around $62. Just my view but we are seeing the same here in oil.
Anyway, time will tell as they say.
And another favorite of mine.
That's what stops are for. ;-)
My point was that gold had what I call a sucker punch rally. I...
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.15 |
Change
-0.020(0.28%) |
Mkt cap ! $23.22B | |||
| Open | High | Low | Value | Volume |
| $7.16 | $7.17 | $7.12 | $56.91M | 7.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 22411 | $7.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 31180 | 5 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| STO (ASX) Chart |