NST looking cheap to buy into.. might consider it for a bit of a short/mid term hold.. think it'll rise after FOMC.. see how it goes.
Fundamentally - Gold will skyrocket by end of this year I reckon because China (biggest consumer of gold) will get even bigger when they launch the Gold Exchange end of this year.
They are talking to Big Oil that instead of getting paid in USD (hence Petrodollar), they can get paid in Yuan or Gold.
There's one thing that Middle East Big Oil "loves" more than USD, and that's GOLD
https://asia.nikkei.com/Markets/Com...world-order-with-oil-benchmark-backed-by-gold
Not widely reported in US or Australia.. but will be big news once it happens.
Fundamentals haven't changed, page-476
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Last
$16.13 |
Change
-1.380(7.88%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.00 | $16.12 | $55.13M | 3.329M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2302 | $16.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 1162 | 7 |
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| Last trade - 13.20pm 02/12/2024 (20 minute delay) ? |
| NST (ASX) Chart |
