Price rises in gold have been ramps in off/thin markets which may have more to do with Fx action than gold purposeful buying, which doesn't install a lot of confidence that gold is rising/rose on anything to do with fundamentals. And likewise last night was real schizophrenic activity in gold and elsewhere, again seeming more to do with Fx shenanigans.
Things beginning to seem a little more erratic, and swings getting larger.
Problem if there is increased volatility.....stocks can be sold off/bounced enmass regardless of quality, especially if margin calls are triggered in stocks, metals, commodities.....etc everything linked.
I note that the latest Swiss poll now clearly negative on the gold referendum.
Nothing to do except sit and watch. I have my bid in, will it strike.
Price rises in gold have been ramps in off/thin markets which...
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Last
$12.81 |
Change
-0.010(0.08%) |
Mkt cap ! $14.72B | |||
| Open | High | Low | Value | Volume |
| $12.95 | $13.02 | $12.76 | $72.90M | 5.667M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 40307 | $12.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.82 | 1703 | 1 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |