David25
"I have been told by others that BHP is closing mines which is what you do in a recession."
If BHP are closing mines it would be news, haven't seen anything.
A recession in the near future is also highly speculative. The debt crisis around the world will eventually unfold, creating serious economic slowdown but its speculative as to when that will happen. In the meantime they'll continue to print money to prop it up. The more money printing the more pressure for gold to head up.
It also needs to be kept in mind gold is mostly going up because its a monetary hedge, not because of its industrial demand. Its certain gold will crash along with everything else but whats not certain it will stay down there for the duration with everything else.
Really feel for holders here. I'm lucky I only put a few pennies in but have been in this position before so can sympathize. I certainly wouldn't be counting your losses just yet though. Its very possible MM will be a substantial producer and still plenty of money in the bank.
David25"I have been told by others that BHP is closing mines...
-
- There are more pages in this discussion • 84 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
$1.89 |
Change
-0.045(2.33%) |
Mkt cap ! $2.162B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.94 | $1.88 | $7.821M | 4.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 89751 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 14263 | 3 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |