"Extract from a newsletter "....
The GFC put paid to the idea that the US could be relied upon to fund global trade, so that it collapsed and a global recession ensued purely because the American banking system messed up big.So in the past year, central banks have been buying gold, and selling US dollars: according to the World Gold Council, central banks bought 651.5 tonnes in 2018, the second highest yearly total on record the highest since the end of US dollar convertibility into gold in 1971.The other thing to bear in mind is that one of the few things Trump has been consistent about is wanting a lower US dollar, especially against the Chinese renminbi, so there is a fair chance that any trade deal includes a revaluation of the Chinese currency against the dollar.This has to make gold shares increasingly valuable.
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Ann: Presentation - Proactive Investors Sydney CEO Session, page-6
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $117.4M |
Open | High | Low | Value | Volume |
17.5¢ | 17.5¢ | 17.5¢ | $70 | 400 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40095 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 3 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 84459 | 0.130 |
2 | 28800 | 0.125 |
1 | 20000 | 0.115 |
1 | 7888 | 0.110 |
3 | 168005 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 30923 | 1 |
0.145 | 7000 | 1 |
0.150 | 20000 | 1 |
0.155 | 20000 | 1 |
0.160 | 178562 | 4 |
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TGM (ASX) Chart |