Yes it looked like the whole ASX gold sector got a kick up based on the NCM news and Friday night's USD gold action off the back of US employment. RSG just got tagged onto the NCM news because of its better relative performance yesterday.
The NCM news does show however that there is an apetite amongst the larger gold players for big reserve plays and long life assets.
Yes the bulls were charging last night on the back of Apple and Chip makers (NASDAQ). The Fed and the ECB have let the markets off the hook again this year, its a cycle that can't be repeated indefinately though. Real growth in the US and European economies are the big sticks in the end that backs up the trillions in national debt liabilities. Trump has softened up the new Fed chair to try and get through the next election cycle. Just kicks the can down the road as always. I've got plenty of time to wait. Esh
Technicals shaping up for a breakout, page-8
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Last
40.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.543B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 40.3¢ | $13.76M | 33.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 923356 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 579726 | 3 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| RSG (ASX) Chart |
