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ASX Listed Goldies

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  • #16
    AUD gold price now at all time highs of $1870 per ounce as the AUD spins lower and gold higher on China worries. Perfect storm for some big gains in ASX goldies being setup here. My picks are RMS, NST & EVN.


    • #17
      EVN making huge gains today and going straight up to target the downtrend line today on all-time high AUD prices. This one has some major momo and volume behind it, so may end up breaking out. A breakout would target the 3.80-4.00 level.

      Presentation out today shows bank debt all due to be repaid, with $300M cash in the bank by years end and production trending towards the 1M oz's per annum level.


      May end up taking over NST at this rate as the market darling as time goes on.

      Helluva gamble, but paying off well so far. Thanks Trumpelstiltskin for torpedoing Trade Talks!

      Click image for larger version

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      • #18
        AUDUSD FX rate now down to 69 and testing huge, multi-year support. AUD could go into freefall mode throughout 2019 as Trade Wars + house price declines + economic slowdown + RBA rate cuts provide the perfect storm for constant devaluation of the currency. Gold price hovering just below the recent all-time highs in AUD - further equity weakness may propel gold in AUD to the 1900-2000 per ounce level.


        • #19
          The "Perfect Storm" for ASX listed gold miners I keep harping on about

          Gold in USD breaks out of the short-term downtrend and continues upwards. Resistance lines are marked.

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          AUD vs USD breaking down below critical support.

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