There are two time periods factored into the price of gold rising.
2005 $600 to 2007 $1000 over heating economy
2008 $ 800 to 2011 $1800 stimulus
There will be a correction by traders back to $800. 2008 levels.
When the traders are kicked out of the market, conservative market forces could take the gold price back to 2005 prices. The market is still held up by gold fever left over from 2011. Two corrections are on the cards.
There are two time periods factored into the price of gold...
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.93 |
Change
-0.015(0.77%) |
Mkt cap ! $2.207B | |||
| Open | High | Low | Value | Volume |
| $1.96 | $1.96 | $1.93 | $5.023M | 2.584M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 36408 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 12583 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |