I don't want to bore anyone with my drawings. There is a correlation between gold and copper (and also the USD index).
In short: I expect the gold price to continue moving upwards. With a certain delay (maximum 6 months) the price of copper will follow this trend.
The USD index shows a falling wedge - a decision will also be made here in the coming months - the USD could weaken, which would be good for metal prices in general (as they are traded in dollars).
Why do you think certain central banks are buying so much gold? Copper is entering a corner. Demand from India and other EM countries is rising. A few stronger figures from China and the thing explodes. My opinion. DYOR.
- Forums
- ASX - By Stock
- Copper Price
I don't want to bore anyone with my drawings. There is a...
- There are more pages in this discussion • 149 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HMX (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.6¢ |
Change
-0.001(2.70%) |
Mkt cap ! $31.91M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.6¢ | $11.58K | 320K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 152147 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 304280 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 152147 | 0.036 |
4 | 241959 | 0.035 |
5 | 201823 | 0.034 |
5 | 418500 | 0.032 |
2 | 54032 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 304280 | 2 |
0.040 | 266447 | 2 |
0.041 | 11363 | 1 |
0.042 | 150000 | 2 |
0.043 | 375641 | 4 |
Last trade - 13.49pm 31/05/2024 (20 minute delay) ? |
|
|||||
Last
3.6¢ |
  |
Change
-0.001 ( 2.70 %) |
|||
Open | High | Low | Volume | ||
3.6¢ | 3.6¢ | 3.6¢ | 72300 | ||
Last updated 12.39pm 31/05/2024 ? |
Featured News
HMX (ASX) Chart |