It is a bit contrary for you to call for hedging colinchi when normally you slam companies for holding it. Anyway, I regard the drop in POG over the past 24 hours as just a temporary correction ands so WAF is favoured by not being hedged. So long as the world's reserve banks continue to feed the money supply as they are doing, then gold will keep going up. Even today the NZ Reserve Bank has increased its rate of quantative easing from $60B to $100B and NZ has been managing COVID better than most countries.
The correction in the POG has been triggered by the different arms of US government failing to agree on how much moneyto throw into their economy right now. That is all. They all want to prop up the US economy but partisan politics are at work. This is their election year after all and none of them want to be accused of letting the economy go to blazes.
WAF $2.00 Party - You're all invited!, page-290
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Last
$1.48 |
Change
0.055(3.86%) |
Mkt cap ! $1.683B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.48 | $1.45 | $7.196M | 4.909M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7517 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 80961 | 8 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WAF (ASX) Chart |