RED just seems to be following the broad USD gold price trend:
Sucks, because USD gold will go lower if USD goes higher, which is likely with further rate rises. A lot of the charts for Aussie gold stocks look tha same - must be driven by US index/algo trading as suggested. Obviously an opportunity here as gold will turn (at some point).
If the AUD stays in the low 60's, even if USD gold falls to the $1,400's, we still get AUD$2,200 or better. So still profitable in AUD terms.
It's irrational that US funds would sell profitable Aussie gold miners, but this is the market we are in.
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Last
38.0¢ |
Change
0.005(1.33%) |
Mkt cap ! $2.584B |
Open | High | Low | Value | Volume |
39.0¢ | 39.3¢ | 37.5¢ | $4.917M | 12.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 829483 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 82569 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 157 | 0.410 |
1 | 26269 | 0.405 |
1 | 1875 | 0.400 |
2 | 2380 | 0.390 |
2 | 3797 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 127020 | 3 |
0.385 | 338930 | 4 |
0.390 | 279565 | 6 |
0.395 | 794594 | 13 |
0.400 | 818722 | 21 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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