RMS like every other company will crash. The gold price has only been high because gold is used as a safe investmentan and inflation hedge against a falling usd.
When gold hits highs of $1900 all gold companies share prices are overvalued by confident investors.
I think 50% of RMS share price could be a result of the high gold prices.
This gold boom reminds me of the nickel boom before the last crash when nickel reached $50k usd a ton and fell to $8k a ton.
Nickel companies went from a low price of $1.20 to highs of $6 and then fell back to their lows.
This same type of price movement could happen with gold.
If this is a 87 style crash or worst gold could fall down to $700 mark. A similar price movement did happen with gold last GFC but it will be more noticeable this crash.
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$2.47

the end of the bull run for rms
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Last
$2.47 |
Change
-0.050(1.98%) |
Mkt cap ! $2.862B |
Open | High | Low | Value | Volume |
$2.53 | $2.53 | $2.45 | $24.65M | 9.977M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 218648 | $2.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.48 | 140927 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 218648 | 2.450 |
6 | 34412 | 2.440 |
3 | 11823 | 2.430 |
5 | 6673 | 2.420 |
4 | 17049 | 2.410 |
Price($) | Vol. | No. |
---|---|---|
2.480 | 140927 | 4 |
2.490 | 59393 | 4 |
2.500 | 263822 | 2 |
2.550 | 21000 | 2 |
2.570 | 21000 | 1 |
Last trade - 16.10pm 02/07/2025 (20 minute delay) ? |
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RMS (ASX) Chart |
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