Well well - after your comments Masterful, I've been looking at LGL in more detail and gold in general. Sitting at the devils number might spur me on! :)
But seriously, gold has held the support of 645, and is currently above the resistance of 660. According to gold stocks all around the world, the downtrend broke on friday, but gold is yet to. If gold continues in uptrend, then its move to $700 will be swift, and will carry along it the market. I've read that a 10% rise in the gold price, will bring a 19% premium to LGL earnings. A massive increase!
I am with you, and will look towards LGL next week as a potential in.
The run back to 350 would be nice for LGL, but a tad unlikely I think...
The USD is weakening which is great for gold.
How do you find the influence of the general equity markets on LGL? I haven't been following LGL since I dropped it over a month ago...
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Last
$1.71 |
Change
0.000(0.00%) |
Mkt cap ! $208.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 802 | 1 |
View Market Depth
| Last trade - 16.21pm 21/07/2025 (20 minute delay) ? |
| LGL (ASX) Chart |
Day chart unavailable