Here's a nice chart with lots of signals showing all the bells ringing to say there's a change in the wind....
http://www.graceland-updates.com/images/stories/14june/2014jun24goldmonth2.png
This is a bit of hindsight as the picture was made around two weeks ago. But it shows how prices have moved accordingly. Quite a strong projection on this chart to the top price.
Does anyone know what the extraction costs are for PRU per oz of gold? I read in the Dec 2013 presentation that it is/was $US1228/oz.
Based on the above figure, and an approx extraction of 200koz per year (also part of a presentation) and the current price (53c) being acceptable for the share price with respect to the price of gold ($US 1336 or thereabouts). AND that the current P/E would stay the same, that is, the price would remain steady for all other factors. (no debt which makes this estimate easier). Then there really IS a RATIONAL reason for buying this share providing gold keeps rising. The first link shows this to be a positive probability as 'all the planets are aligning' as it were. Earnings are determining the price which is how it used to be before GFC. Please look at the two blue columns.
And also if you check back to March this year when the price of gold was higher, it matches with the current projected price...I also added in a $1850/oz figure and this looks much like how PRU used to be (when the POG was similar in price).
http://asx.netquote.com.au/charts.asp?code=PRU check July/Aug 2011.
Just my 2c worth and I would be very hesitant to take this hook line and sinker in the current global environment where misinformation and government intervention are the norm. So traders and investors do your own homework please.
PS I only follow price... but like to think it I can look around the bends and see where it is heading but know I can NEVER rely on it. Right now there is a buy signal for gold related things if you see the first link you can see that.
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Last
$2.15 |
Change
0.060(2.87%) |
Mkt cap ! $2.953B |
Open | High | Low | Value | Volume |
$2.15 | $2.17 | $2.13 | $8.596M | 4.005M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 2677 | $2.14 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.15 | 234744 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2677 | 2.140 |
6 | 60092 | 2.130 |
9 | 128969 | 2.120 |
7 | 54689 | 2.110 |
3 | 16490 | 2.100 |
Price($) | Vol. | No. |
---|---|---|
2.150 | 106002 | 5 |
2.160 | 201785 | 10 |
2.170 | 217390 | 10 |
2.180 | 16646 | 5 |
2.190 | 58525 | 4 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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