The gold price has started to rise, this is likely in anticipation of a large US stimulus. This is also being matched by the rise of the Aud from .77 to .80. Hopefully we can keep the Aud lower and gold will reach about 3500 to 4000 aud by Christmas.
If gold reaches 3500 profit will be 300 million. RMS market cap will increase to between 2.4 billion or 3.6 billion.
Profits could reach 400 to 500 million at the best case.
When world GDP returns to higher levels there will be another commodities boom which could drive commodities higher than the previous boom which also increase the gold price.
profit projection 300 million
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Last
$2.06 |
Change
0.050(2.49%) |
Mkt cap ! $2.353B | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.06 | $2.01 | $7.336M | 3.587M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 21596 | $2.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.07 | 132105 | 7 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$2.06 |
Change
0.050 ( 2.23 %) |
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| Open | High | Low | Volume | ||
| $2.05 | $2.06 | $2.01 | 404885 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| RMS (ASX) Chart |