Yeah, when you see that copper is selling for less than the cost of production (insane) then why would anyone think gold is going to go up much? The problem with gold is since it's not used in meaningful volumes in industry, it's hard to impute its cost-worth. With copper, I can calculate it's percentage cost as a component of an iPhone and see it's merit and how much it could go up before it got costly enough to substitute but nothing like that for gold. I see it dropping to about $800 sometime next year. The AUD will fall too, helping to offset that, but even gold stocks like SBM will one day become mediocre-to-poor investments. For now though, it's still a deal.
Can this go broke ?, page-9
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Last
32.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.3¢ | $261.8K | 803.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 111335 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 399568 | 23 |
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| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
