Level 2 Data - Sept 13, 2024 10:46am [Level 2 Data Below]
So far today:
-fresh all time record price for gold
AND 52 week highs for:
-Barrick
-Kinross
-Agnico
-Newmont
-Equinox
-New Gold
-Alamos Gold
-Aris Mining
-IAMGOLD
...and I could go on.
This is playing out exactly as expected. I expect more days, with more companies hitting fresh 52 week highs in the future, as the price of gold continues to climb.
As investors begin to take some profit, I wouldn't be surprised if that capital gets recycled and invested into LME. We don't have a large float as this is 72% owned by insiders, friends and family.