Anyone selling RSG at these levels is illusioned. So many signs that Gold is heading towards at least 3000$ - 4000$ over the coming months. That is what happened between 2008 and 2011. Gold went from 700$ to 1900$ a 170% increase. The difference this time is the scale of monetary expansion that is unprecedented in history (negative real interest rates unlimited quantitative easing) coupled with government stimulus debt packages of trillions of dollars to combat confinement covid19 related impacts. Things will accelerate and will happen mich faster compared to 2008.
the rising gold price will trickle down slowly but surely to gold mining stocks. And on ASX i cant find any other gold stock more extremely undervalued than RSG. A triple from current market cap is nothing if gold goes to 3000$ - 4000$ over the coming months and all indicators are pointing towards thqt. So patience is the key here. It is just the beginning and those entering now are AHEAD of the game not late to the game. Remember this is just the beginning.
2 trillion$ us stimulus package seems more likely than ever. 600$ per week until january 2021 for more than 20 million unemployed americans who wont work and earn free money to spend on the economy. If that is not bullish for gold in the short term then nothing is.
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Anyone selling RSG at these levels is illusioned. So many signs...
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Last
70.5¢ |
Change
-0.005(0.70%) |
Mkt cap ! $1.500B |
Open | High | Low | Value | Volume |
70.0¢ | 71.0¢ | 69.0¢ | $9.005M | 12.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 151500 | 70.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.5¢ | 99995 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 144000 | 0.700 |
1 | 5500 | 0.695 |
13 | 315905 | 0.690 |
9 | 230611 | 0.685 |
18 | 304195 | 0.680 |
Price($) | Vol. | No. |
---|---|---|
0.710 | 50000 | 1 |
0.715 | 111762 | 4 |
0.720 | 198762 | 3 |
0.725 | 58223 | 2 |
0.730 | 97294 | 3 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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RSG (ASX) Chart |