Waiting for further confirmation but likely. I said in a post yesterday that the combination of breaking the 50/200dma's were positive and that the breaking of the 200wma which coincided with a breaking of the 200dma could send it into rocket mode, however I need to correct that I meant the 50wma.
Anyway the fuse may very well have been lit.
I also put up the following chart of the 60 year gold stock cycle as per James Flanagan,he does great research going back over a century and half and I am a huge follower of WD Gann and understanding history. The chart is of the 60 year cycle(as gold stocks in the BGMI performed 60 years ago, pertaining to the unfolding performance of the HUI. If the HUI continues to follwo the 60 year cycle then gold shares are going to explode into late 2027 with one significant correction in mid 2026
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Last
39.5¢ |
Change
-0.010(2.47%) |
Mkt cap ! $2.686B | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.5¢ | 39.5¢ | $11.29M | 28.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 604000 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 778552 | 11 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| VAU (ASX) Chart |