Yup, we've had an extension of the relief rally. Important points of note:
1. new infections in the US still average more that 20,000 a day, deaths over 1,000. They went out of lock-down because they had no choice, not because of their success in controlling COVID 19 (2020, 2021?).
2. Trumps ramblings about "maybe 60,000, maybe 75,000, maybe 80,000, maybe even 100,000 deaths have all been realized.
3. The chance of a second wave remains high.
4. The global economy was already shaky, debt bloated and overdue a substantial correction.
5. The current US correction looks like about 15%.
6. This would have been the best possible even if economies had not seized for months.
7. Economies did seize.
8. The rally is a Bull trap.
Anyone thinking otherwise is so committed to what it is that has been making them money for the past decade, they'll continue to roll the dice.
Markets will collapse. Goldies will be taken with them. But while the music is still playing gold ain't gonna fall by that much. For my part I plan to continue to hold (I may be wrong, it has happened) but exit that which has out-performed its successes (in terms of share price). I think we saw that today. Plenty of companies big and small down 7-12%. I had a portfolio-wide loss of 3.1% after strong gains over the past 6 weeks. I can live with taht.
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Last
$1.43 |
Change
0.015(1.06%) |
Mkt cap ! $1.626B |
Open | High | Low | Value | Volume |
$1.44 | $1.44 | $1.40 | $5.273M | 3.706M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 183189 | $1.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.43 | 229702 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3221 | 1.415 |
1 | 3221 | 1.410 |
1 | 3221 | 1.405 |
2 | 21078 | 1.400 |
1 | 3221 | 1.395 |
Price($) | Vol. | No. |
---|---|---|
1.435 | 12355 | 2 |
1.440 | 9147 | 3 |
1.445 | 10677 | 2 |
1.450 | 3221 | 1 |
1.455 | 3221 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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