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
48.0¢ |
Change
-0.010(2.04%) |
Mkt cap ! $1.662B |
Open | High | Low | Value | Volume |
49.0¢ | 49.5¢ | 47.5¢ | $4.099M | 8.480M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 569210 | 47.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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48.0¢ | 359358 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 569210 | 0.475 |
25 | 795249 | 0.470 |
11 | 269832 | 0.465 |
7 | 271895 | 0.460 |
6 | 132525 | 0.455 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 217571 | 6 |
0.485 | 409046 | 11 |
0.490 | 1264374 | 22 |
0.495 | 2566812 | 18 |
0.500 | 2384835 | 37 |
Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
47.8¢ |
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Change
-0.010 ( 1.91 %) |
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Open | High | Low | Volume | ||
49.0¢ | 49.3¢ | 47.5¢ | 2704145 | ||
Last updated 15.59pm 22/05/2024 ? |
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