re: 588.70 next test is 55c No, I think we have had a "cleansing" , alot of margin traders would have done their dough the last six weeks. Most P&L forcasts for mining stocks are using significantly lower average metal prices than we are seeing. The sell-off in commodities seems to have exhausted itself , the rally in gold and especially nickel the last few days is pretty impressive. The USD is the key for gold investors ... it is over-valued, being undermined by US fiscal imprudence and a "we've done enough" stance from the Fed will probably lead to some major weakness vs Yen and Euro. I agree the stockmarket is a risky place to be, but for those who buy gold stocks with good production growth ahead, light hedging , on low P/E's the rewards over the next 18/24 months far outweigh the risk of another 10% correction. PGM's and Silver stocks should do just as well IMHO.
Hold, BSG,BDG,BMO,OXR,SGX,CTO,PLA,MMN ( combined value approx $200k )
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Last
23.3¢ |
Change
-0.018(7.00%) |
Mkt cap ! $192.3M |
Open | High | Low | Value | Volume |
24.0¢ | 24.5¢ | 23.0¢ | $357.0K | 1.515M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 986000 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 118190 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 986000 | 0.230 |
19 | 475565 | 0.225 |
22 | 2493499 | 0.220 |
10 | 304781 | 0.215 |
8 | 307850 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 118190 | 9 |
0.240 | 372261 | 16 |
0.245 | 296780 | 14 |
0.250 | 635114 | 19 |
0.255 | 789550 | 12 |
Last trade - 12.26pm 04/09/2024 (20 minute delay) ? |
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