This chart shows how closely POG is currently tethered to the Yuan.
It seems 'smart money' traders are using POG futures as a proxy-short on the Yuan (i.e. as USD rises vs Yuan & other currencies in response to trade tensions and rate hikes POG loses value in corresponding measure)
To back POG (and WAF) for the next little while imo is to believe DXY has topped and will correct from its high
Why the sp struggle following pos announcements?, page-46
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Last
$1.50 |
Change
-0.020(1.32%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.50 | $143.1K | 94.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 9877 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 7120 | 6 |
View Market Depth
| Last trade - 10.20am 02/12/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
