Gold to hit 5K with inflation over perhaps a 10 year period, which is still a skeptical outcome in my opinion.
These gold ramping articles have been in the works since pre-GFC when the Truthers and con-theorist 9-11 truthers were speculating on a complete and utter world collapse of currency by 2010 and the only thing worth anything would be Gold.
Given, they were correct in the speculation of golds rise. Purchasing in 2008 and selling out at a respective 1800 is a beautiful profit, but the buck stops here.
Fundamentally, and technically, even a price of 2K is a long shot in the near and mid term.
However, if the EURO fails, then all bets are off.
As far as RED goes; POG drops below support in a breakout, and so does RED, and priced in also are the market conditions, soverign debt and the like.
Though I do have an active portfolio, I am very skeptical, and worried to continue to hold these companies due to what is happening around the world at the moment.
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Gold to hit 5K with inflation over perhaps a 10 year period,...
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Last
38.3¢ |
Change
-0.013(3.16%) |
Mkt cap ! $2.686B |
Open | High | Low | Value | Volume |
39.0¢ | 39.8¢ | 38.3¢ | $2.041M | 5.265M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
48 | 1479990 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 669629 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 1165512 | 0.385 |
41 | 1229795 | 0.380 |
20 | 771407 | 0.375 |
32 | 1264946 | 0.370 |
17 | 750459 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 1184419 | 34 |
0.395 | 1096632 | 24 |
0.400 | 595498 | 15 |
0.405 | 399702 | 8 |
0.410 | 729128 | 14 |
Last trade - 10.20am 26/07/2024 (20 minute delay) ? |
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RED (ASX) Chart |