Ajax,
wrt your quote that AU has a lot further to run because of greenback weakness,please note following;
1.$US in uptrend at present, but even that may not be relevant anymore.Sure,in 2nd half 09 when downtrend in $US index was consistent gold kept on going up.Now it seems gold has decoupled from that and the inverse relationship seems no longer to hold.
2.Inflation in major western countries is not apparent now nor down the track.
What then would explain a continuing increase(if it occurs) in the AU price?
My theory is that its momentum.ie as people see it going up they get on the bandwagon.How this will end(and it always does)is anybodys guess.
I wont deny tho that there is huge support,both in talk and cash,for AU continuing to go up and up.I certainly hope thats the case.The fact that companies are prepared to spend massive amounts of capital on developing mines tends to support that proposition.eg in July,anglogold ashanti will almost certainly give the green light to developing a mine at Tropicana in the remote wilderness of WA at a cost of 0.5billion dollars!
wrt PRU Im still waiting on a pullback but its not happening.
- Forums
- ASX - By Stock
- PRU
- redbacks mkt cap went over 5 bill last nite
redbacks mkt cap went over 5 bill last nite , page-12
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRU (ASX) to my watchlist
|
|||||
Last
$2.64 |
Change
-0.060(2.22%) |
Mkt cap ! $3.632B |
Open | High | Low | Value | Volume |
$2.70 | $2.72 | $2.60 | $15.49M | 5.870M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22912 | $2.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.65 | 105074 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 9044 | 2.600 |
5 | 14621 | 2.590 |
3 | 8077 | 2.580 |
3 | 31390 | 2.570 |
2 | 7970 | 2.560 |
Price($) | Vol. | No. |
---|---|---|
2.670 | 7680 | 1 |
2.680 | 7680 | 1 |
2.690 | 7680 | 1 |
2.700 | 7680 | 1 |
2.710 | 27680 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
PRU (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online