We have witnessed volatile movement in POG, buoyed by concerns of bank failures.. most recently First Republic bank collapse
The fed and Treasury says there nothing to be concerned.
The market says otherwise...there have share selldowns and deposit withdraws from other regional banks.. recently such as pacwest and western alliance..
Gold is insurance...and there is 4 weeks left before US hits debt ceiling.. POG likely stay above $2k in the short term..
i suspect the recently weakness of KCN below floor
price IPO price is attributed to uncertainty on gold pour numbers and profitability..
KCN should be generating postive cashflow at these POG levels..I think in a couple weeks the uncertainty should be resolved itself so will be around $1.70-1.80... equivalent to $2 prior to the IPO dilution.
We have witnessed volatile movement in POG, buoyed by concerns...
-
- There are more pages in this discussion • 110 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.51 |
Change
-0.005(0.33%) |
Mkt cap ! $389.2M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.58 | $1.50 | $784.1K | 510.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 381 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 45578 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |