RMS has lost the upside in the gold price. The world has a moderate recession and on the improvement.
A large rebound in the gold price would rely on China failing and the cost to the world would be far greater than any short term profit from gold prices.
In about 3 yrs the gold price should fall back to $1000 ounce. If gold is the barometer of the economy then their will be a direct correlation as the economy improves. Therefore there will be a lot more downside in the gold price over the next 3yrs as the economy improves.
Institutions are nearly always right. Watch gold forecasting and take the median price you should get close.
significant 33% improvement, page-18
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Last
$2.16 |
Change
0.040(1.89%) |
Mkt cap ! $2.494B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.20 | $2.14 | $6.902M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221 | $2.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 36399 | 6 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |