re: 588.70 next test is 55c Don't think the next Fed rise is a problem, Miner, well and truly expected by market. If they hint at another rise then I agree we have probably not hit bottom yet. Gold looks very resilient ( as does oil , remember at the start of Hurricane season last year we were about $56 ... 20% higher starting point this year , if oil goes to $80 that will put a better break on the US economy than any 1/4pt rate rise ). Oil at $80 over the next few months is probably a better than 50:50 bet ... Gold at $625-$650 minimum if that happens. SBM 65c is my target before Sept 30. for a 30% gain in 3 months ... nice trade.
re: 588.70 next test is 55c Don't think the next Fed rise is a...
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $167.6M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.5¢ | $250.4K | 1.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 739664 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 177559 | 4 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |