6% rise. Where next ?
There are two forces at work.
1. The Market making Bullion banks are short approx 7.1 million ounces and x $2.00 is $1.4 billion dollars.
They will want to sell this rally back below $ 31.00 by Friday night.
How many million ounces dumped into the Comex stack will it take to hammer the longs out. How deep is that stack of buyers ? Nobody knows, but I predict they'll try after hours.
6
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 (20min delay)
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Last
2.9¢ |
Change
-0.002(6.45%) |
Mkt cap ! $46.09M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.3¢ | 2.9¢ | $315.8K | 10.62M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 219438 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 7000000 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| IVR (ASX) Chart |