Gold equities have suffered another crash, similar to the 2008 GFC crash.
So it might help to have a look at how gold equities recovered in 2009 and 2010 from the 2008 GFC crash.
SLR recovered from a low of 13 cents to hit $2.69 in September 2010 and $3.96 in October last year.
While I'm not suggesting SLR will go up 30 times from here, I am very confident that SLR will rise hundreds of per cent and easily eclipse $3.96 as this gold bull develops.
In a few years time I expect this current correction will be nothing more than a blip on a chart.
recovery from the 2013 gold equities crash ...
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Last
$1.42 |
Change
0.010(0.71%) |
Mkt cap ! $1.303B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.42 | $1.39 | $1.609M | 1.144M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 29310 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.42 | 52926 | 27 |
View Market Depth
| Last trade - 13.20pm 06/05/2024 (20 minute delay) ? |
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Last
$1.43 |
Change
0.010 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $1.41 | $1.43 | $1.39 | 441983 | ||
| Last updated 13.39pm 06/05/2024 ? | |||||
| SLR (ASX) Chart |