some big short positions last week 2% rise
which could explain the cross trade.
maybe one fund is predicting gold to drop further as usd rises but aud value of exports will increase if usd rises so this will be a natural hedge to partially (not completely) offset the effects of a higher dollar.
id like some evn at around 2.20-2.25 but agree it may not get that low. i would prefer not to pay 2.40 plus, already got burnt when i bought around 2.10 and sold at 1.75 in the post trump pandemonium not expecting such an amazing rebound afterwards.
some big short positions last week 2% rise which could explain...
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Last
$4.16 |
Change
0.050(1.22%) |
Mkt cap ! $8.273B | |||
| Open | High | Low | Value | Volume |
| $4.12 | $4.18 | $4.10 | $25.33M | 6.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | $4.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.16 | 216632 | 7 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| EVN (ASX) Chart |