Market is not always rational.
XGD down 1.7% to 6,277. It was over 6,800 before gold price drop. Now that gold price has recovered, and is in fact higher than it was back then in A$ terms, oil price is down, you would have thought the XGD would easily be ahead of where it was back then.
What this says to me, is when it moves it will sling shot higher.
Not selling at these fire sale prices. Dividends coming as well.
RMS August Broker reports, page-39
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Last
$1.96 |
Change
0.013(0.64%) |
Mkt cap ! $2.247B | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.01 | $1.96 | $5.070M | 2.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 44625 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 39235 | 10 |
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| Last trade - 14.00pm 12/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |