Here's a double edged sword for you.
As the USD declines, Gold rises - which is good for Lihir.
BUT the USD is at a critical level, whereby equities are now at risk secondary to the Yen carry trade.
As people unwind the carry trade and as equities drop, people will use Gold as a method of quick liquidity and Gold will drop.
In the near term - I don't see any benefit of owning gold stocks as both scenarios will propel gold down, and will take lihir with it.
I wish it were a different way...I am a fan of Lihir, but would not buy currently.
Here's a double edged sword for you. As the USD declines, Gold...
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Last
$1.75 |
Change
-0.120(6.42%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.75 | $1.75 | $2.987K | 1.707K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4007 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 6500 | 1 |
View Market Depth
| Last trade - 13.44pm 01/08/2025 (20 minute delay) ? |
| LGL (ASX) Chart |