I think today's drop partially caused by Credit Suisse, who boldly set prices for many stocks. See this report http://www.********.au/2016/01/29/why-the-kula-gold-ltd-share-price-soared-more-than-100-today/
Usually I don't buy in Fool's articles, but this one seems quite sane in analysing KGD SP, and tagged Credit Suisse as "irresponsible".
People maybe also expect POG to retrace as it has risen for several days. But personally I think US$ index may drop because US economy is not as good as FOMC originally thought (personally I think FED's December rate hike is face-saving and reckless). Hence gold price might be able to sustain for longer while. Hang in there.
I think today's drop partially caused by Credit Suisse, who...
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Last
$4.02 |
Change
-0.040(0.99%) |
Mkt cap ! $7.983B | |||
| Open | High | Low | Value | Volume |
| $4.09 | $4.10 | $4.01 | $31.57M | 7.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1808 | $4.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.04 | 130133 | 10 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$4.03 |
Change
-0.040 ( 1.26 %) |
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| Open | High | Low | Volume | ||
| $4.09 | $4.10 | $4.01 | 2171270 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| EVN (ASX) Chart |