RRL may be a cigar butt, but I am not 100% sure the games have finished as of yet.
AUD gold price is still going strong.
USD gold price is mostly range bound between $1890 and $1870 with slight blips above and below.
In saying this, I have no idea how much lower it could go in a much wider market fall should one eventuate.
Shorts appear to still be on the rise, and although there is a 4 day delay for Shortman, I don't see any immediate, or even near term, reason for them to stop.
I am going to call another test of $1.70 before the end of the year... And I don't see it being back above $2 by the end of the year either, unless there is a large uptick in gold price...
Happy to be wrong, I have been the whole time for the last 7 months LOL
RRL Price at posting:
$1.81 Sentiment: None Disclosure: Held
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