One day does NOT make a rally. Yesterday I was thinking of buying more GOR because of its crazy sp NOT reflecting its value...
I'm thinking this is a relief rally, or a suckers rally. Especially with the recent (to (9 March) disconnect between Au equites going down while Au itself was raging, However, that alone, a counterintiuitive rally may be the ticket!
OTOH IF Agent Smart in posting things are "coming to a head" then at two possibilities present themselves. First, and a chunk of this has happened, a key Au investment thesis is as a store of wealth, ie. it's for a rainy day to sell: Rainy Day is now, somewhat accounting for Au's decline. Second, assuming much of the drop for Au may have been done by "rainy day sellers," not to be confused with weak hands; may mean new money, retail (MSM influenced) and insto (hedgies, and prudent) are either reloading or first timers.
Trade accordingly.
OV
PS It's embarassingly clear that many posters, monikers I don't recognize, are letting their egos show. Well, children will be children, and hubris too humility is chastening.
See you guys at >$1.45, page-254
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Last
$1.83 |
Change
0.040(2.24%) |
Mkt cap ! $1.978B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.85 | $1.81 | $7.779M | 4.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7867 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 54214 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| GOR (ASX) Chart |