Thinking more of a timing issue here. Theres more than a 50 % chance that POG will retreat til after the US Nov elections so we know whether QE2 will be implemented. Right now, major US banks have put freeze on Home foreclosures as theres a challenge to paperwork validity. Again this unlikely to be resolved prior to Nov elections.
IMO, POG will retrace til end November/December
The other factor is AUD v USD,if AUD continues to go up, it be negative on SP. However, if AUD retraces, it will help stabilise SP
Thinking more of a timing issue here. Theres more than a 50 %...
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Last
$1.95 |
Change
0.030(1.56%) |
Mkt cap ! $2.230B | |||
| Open | High | Low | Value | Volume |
| $1.95 | $1.97 | $1.94 | $4.955M | 2.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 44661 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 232625 | 8 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |