there is probably a disconnect in those valuations and a number of extrenal factors
gold needs to break downtrend for the XGD to be risk on
DXY needs to break uptrend for international money to flow into the ASX
Lassonde curve orphan phase, should be close to a low of that, possibly the last low, but no guarantees
just keep buying the dips, because when those macro factors turn.. they will turn hard.
could happen in weeks (post US election) or might take til 2024...
SPX gold ratio.. when the trend breaks.. gold rockets
Valued at $1.2 by consensus estimates, page-4
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Last
$1.24 |
Change
-0.010(0.80%) |
Mkt cap ! $1.580B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.27 | $1.23 | $9.132M | 7.356M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6000 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 67715 | 3 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| BGL (ASX) Chart |