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
43.0¢ |
Change
0.005(1.18%) |
Mkt cap ! $1.489B |
Open | High | Low | Value | Volume |
42.5¢ | 43.3¢ | 42.0¢ | $4.270M | 10.00M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 675543 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 430783 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 604624 | 0.425 |
7 | 342965 | 0.420 |
10 | 427646 | 0.415 |
17 | 344125 | 0.410 |
4 | 256202 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 210324 | 5 |
0.435 | 845663 | 13 |
0.440 | 374397 | 9 |
0.445 | 341215 | 4 |
0.450 | 339138 | 4 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
42.5¢ |
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Change
0.005 ( 0.59 %) |
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Open | High | Low | Volume | ||
42.0¢ | 43.3¢ | 42.0¢ | 3734044 | ||
Last updated 15.59pm 04/06/2024 ? |
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