"Read some stuff in germany where they think gold price can go to $5000 in next few years,"
I have been reading that sort of stuff here also. For decades. I won't happen. In fact $2,00o won't happen.
The American Federal Reserve want the price of gold to stay low for a few reasons. Least of which is it is in competition to the US dollar. They send the likes of JP Morgan to the futures markets to force silver down.
That is because it is thinly traded and that in turn brings the gold price down. JP Morgan usually work with others like HSBC apparently to make it easier.
As for SBM. Why would it's price be so high if it wasn't a good stock? Maybe there is an answer but I don't know of it.
"Read some stuff in germany where they think gold price can go...
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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 |
