The Israel-Gaza war has dangerously complicated the world, when there were already severe strains ... now, not 1 but a flock of "black swans".
The current disconnect between the POG and gold miner SP's is not cognitive dissonance for those who appreciate that miners are shares, and all shares get crunched in severe market "corrections". How deep, and protracted this correction will be, remans to be seen.
There are no certainties about the POG and hence gold shares ..... WW3 may "blow" most chart analysis out of the proverbial water. There are no "rational actors" in a nuclear war.
RED's liquidity has decreased, so it's hard to make definitive price analysis, especially that which rests on old "assumptions".
For instance, If the oil price goes to US$150 per barrel then a lot of AISC's could go up dramatically.
Is "inflation taming" or will it continue to impact labour and costs issues ?
If the POG does fall, will RED's hedging be seen as an asset ?
RED has not held 30c support, and most consider that 26c support is rock solid .... we shall see.
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Last
37.5¢ |
Change
-0.020(5.06%) |
Mkt cap ! $2.550B |
Open | High | Low | Value | Volume |
39.0¢ | 39.8¢ | 36.8¢ | $13.81M | 36.61M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 2044679 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 571259 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 2044679 | 0.375 |
25 | 868942 | 0.370 |
24 | 1033776 | 0.365 |
31 | 1203622 | 0.360 |
15 | 653270 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 571259 | 6 |
0.385 | 663370 | 11 |
0.390 | 925566 | 10 |
0.395 | 610773 | 9 |
0.400 | 764714 | 12 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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