KCN 2.74% $1.60 kingsgate consolidated limited.

what is going on, page-2

  1. 2,432 Posts.
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    KCN is just following Gold miners sentiment. If you read the following 2 essays by Scott Wright he explains that since Jan 2011 where Gold has risen 17%

    Major Gold Producers are down 18% (eg Barrick, etc)
    Small cap producers are down 40% (KCN would be here)
    Explorers are down 49%

    Gold stocks are way oversold compared to the POG and sooner or later something has to give. The HUI/Gold ratio is something like 0.28 where for the 2003-2008 period it averaged 0.51. This means Gold stocks must increase something like 80% to get back to the previous HUI/Gold ratio (or Gold would have to fall to around $900)

    http://www.zealllc.com/2012/jnrexpld.htm
    http://www.zealllc.com/2012/hgrpanic.htm
 
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Last
$1.60
Change
-0.045(2.74%)
Mkt cap ! $412.4M
Open High Low Value Volume
$1.65 $1.69 $1.59 $3.045M 1.886M

Buyers (Bids)

No. Vol. Price($)
1 8968 $1.60
 

Sellers (Offers)

Price($) Vol. No.
$1.61 20000 1
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Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
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