US 10-year rate is 1.08% - absurdly low from a historical perspective - and economies world-wide are printing like mad.
Drivers for gold remain firmly in place.
Ramelius throws off free cash like a fire hydrant, at gold $2400 Aussies.
I held Kirkland Lake (and predecessor Newmarket) from 2016-2019, during which time gold ranged from 1125 to 1350 US. While in the short-term, the KL share price did react to gold price swings, the longer-term trend was obviously quite profitable. Same situation for Wesdome, 2018 to first half of 2019.
In my naive opinion, what matters is future growth in production (predictable future growth backed by JORC-compliant data, not hand-waving and hype), self-funded, in a solid political jurisdiction, from a management team with a track record of making/beating guidance. If gold holds above 2400 Aussies, that's just gravy.
US 10-year rate is 1.08% - absurdly low from a historical...
-
- There are more pages in this discussion • 1,281 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.22 |
Change
0.020(0.91%) |
Mkt cap ! $2.544B | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.23 | $2.20 | $10.65M | 4.811M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 272418 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 233080 | 4 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |