Spot gold prices are still in a good… spot, as bullish golden cross technical pattern forms
The World Gold Council has released its latest outlook – it leans mostly positive
The week’s top ASX gold-related stocks led by: FAU, MKR, TSO
Notwithstanding a bit of current rangebound consolidation ahead of the next lot of imminent US jobs reports, the world of gold has had a good time of it of late.
It’s the most stoic of metals – shines in face of adversity, often the geopolitical kind.
Speaking of stoicism and gold, and before we look at the latest bullion pricing, here’s something that caught our eye the other day… A gold bust of the legendary Stoic Roman emperor Marcus Aurelius, found in a Swiss sewer in 1939, is going on display this week in the J Paul Getty museum in LA.
Golden bust of Emperor Marcus Aurelius from Avenches, western Switzerland, is going on display at the Getty. It is the largest known bust of an emperor made of a precious metal and one of only a handful of gold busts to escape being melted down.
Bust was found in a sewer… pic.twitter.com/hLJGTJYy7G
— Archaeo – Histories (@archeohistories) December 4, 2023
“When you rise in the morning, think of what a precious privilege it is to be alive – to breathe, to think, to enjoy, to love,” said the charismatic mentor of fictional bloke Maximus once upon a time.
Good call.
As for the rise of something else precious, gold’s looking solid in USD terms, still trading above the magic 2k mark at $2,035 just now, settling in a touch below the all-time-high it set earlier this week – US$2,152.
Down Under, the shiny one is changing hands somewhere around AUD $3,081, at the time of writing.
Golden cross just formed – good times ahead?
By the way, if you did indeed enjoy seeing gold hit fresh highs this week, perhaps don’t be too deflated about this little pullback we’re having right now. As Otavio Costa, a Brazilian financial pundit with global asset manager Crescat Capital, notes – the big picture is probably what’s most important…
Investors who have been spooked by the recent decline in gold after making new highs are missing the big picture here.
Fundamentally, nothing has changed.
We are on the verge of initiating a prolonged cycle for precious metals, and the recent volatility should be viewed as an… pic.twitter.com/oBtWuRECvw
— Otavio (Tavi) Costa (@TaviCosta) December 6, 2023
“Fundamentally, nothing has changed,” notes the analyst, adding:
“We are on the verge of initiating a prolonged cycle for precious metals, and the recent volatility should be viewed as an opportunity.
“This is a unique period where gold is leading the way, and all other assets strongly correlated to the metal remain historically undervalued.
“To be clear, this is not the time to be bearish on other precious metals and the miners. That was the right call a decade ago.”
Costa also points to a golden cross currently in the process of confirming for gold. That’s when a short-term moving average for an asset turns above its longer-term MA. And it usually signals an asset is turning a corner into a bullish phase.
Barchart here also confirms it – for gold futures – with the 50-day MA just breaking above the 200-day.
Gold Futures have formed a Golden Cross w/ an upward sloping 200D moving average pic.twitter.com/m4y0CvAUpb
— Barchart (@Barchart) December 5, 2023
There we have it #SHG ‘Golden Cross’ Shanta #Gold
“golden cross is a bullish breakout pattern formed from a crossover involving a security’s short-term moving average (50-day) crossing above its long-term moving average (200-day) or resistance level” pic.twitter.com/FHawWGj1xL
— Elias Jones (@EliasJones01) December 7, 2023
Is that a ‘mild buying tone’ in the air?
Meanwhile, over at FXStreet, analyst Guillermo Alcala sees spot gold maintaining “a mild buying tone” ahead of Friday in America, when the Nonfarm Payrolls report is due to land.
“Investors are increasingly confident that the major central banks’ tightening era is over and speculation that rate cuts might come before previously thought is keeping bullion sellers in check,” wrote Alcala.
“The Federal Reserve is widely expected to leave rates on hold at their monetary policy meeting next week, with the market pricing in a 50% chance that rate cuts will start in March Next year.”
From what we’ve been reading lately, that 50% figure does seem about right – a bet each way on the Fed’s soft landing or slam into a heavier recession after all.
According to co-founder of Macro Intelligence 2 Partners Julien Bridgen, who spoke with financial outlet Kitco the other day, a soft landing is unlikely with, in his view, the Fed a long way from cutting rates.
It’s a view that runs contrary to plenty of other analytical takes. For instance, World Gold Council market strategist Joseph Cavatoni told The Australian yesterday that: “They [the Fed] look like they might be done (with rate rises) and that is likely to mean that money will move away from gold when those rate cuts occur.”
Bridgen’s favoured scenario, however, would support more bullish action on gold although it mightn’t be as good short term for perhaps large portions of your equities portfolio.
Gold doesn’t have a safe-haven rep as the ultimate inflation hedge for nothing.
“I think for gold to really break out you have got to see the equity market break down in the US, you’ve got to see the Fed then truly step back and start to cut rates and the dollar to go [down]. That I think would set you up for this solid breakout that we want, said Bridgen.”
World Gold Council: all looking pretty ‘stable’
The World Gold Council, which we’d like to think shares office space with the Jedi Council in a building on Coruscant (and so we will), has provided its latest update and outlook.
The TLDR on it is… in 2024 gold prices could go up, could go down… but probably not down and more likely up.
Essentially, it’s telling us things are looking “stable” for the most precious of precious metals next year. Fence sitting? Maybe, but no one’s got a crystal ball here, not even the Jedis.
The council cites geopolitical tensions, including major elections taking place in 2024, and continued central bank buying are the likely factors that will support gold and counter any softening in demand caused by a probable soft landing in the US.
Here are the WGC’s three potential scenarios for the yellow metal in 2024, which it places in order of probability:
Soft landing – “A flat outlook with upside potential. While market consensus points to a soft landing, this will be hard execute, noting seven of the past nine hiking cycles have resulted in a recession.”
Hard landing/recession – “Higher rates may spook markets, strong case for strategic gold allocations.”
No landing – “The unlikely reacceleration of inflation and growth could result in a flat to slightly weaker than average performance next year, noting Morgan Stanley’s view that, ‘a no landing is just a soft or a hard landing waiting to happen’.”
It’s a 65 per cent chance of a soft landing in the global economy for 2024, according to the WGC, which it said could deliver flat growth for gold and yet, and yet… still some upside potential.
WGC strategist Joseph Catavoni also suggested to The Australian that:
Diversification of a portfolio including gold would continue to be important for investors in 2024 as the world faced elections across much of the globe including in Taiwan, the UK, India and the US where polls suggest President Joe Biden and former President Donald Trump will square off again.
“There are a lot of elections to be held in 2024 and this creates a very uncertain outlook that could provide uplift to gold markets and other risk assets,” said. “Markets are likely to react very differently to a Republican or Democrat outcome in the US.”
Sources: Bloomberg, World Gold Council. Data as of 23 November 2023.
“The market consensus is set on a soft landing, and dovish commentary from the Fed has helped drive up gold prices to record highs this week,” noted Juan Carlos Artigas, the WGC’s global head of research.
“However, a soft landing isn’t written in stone and remains one possibility alongside a recession or even a ‘no-landing.’
“Taking into account all relevant factors for 2024, including event risk and sustained strong central bank demand; we expect conditions to be in place that support a stable gold market at the least and even a possible surprise to the upside.”
Winners & Losers
Here’s how ASX-listed precious metals stocks are performing:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.
Stocks missing from this list? Email [email protected]
Code Company Price % Week % Month % YTD Market Cap MRR Minrex Resources Ltd 0.0175 9% 17% -1% $18,442,748 NPMDA Newpeak Metals 0.015 -46% -85% -9% $1,699,248 ASO Aston Minerals Ltd 0.0295 -11% -18% -5% $37,556,864 MTC Metalstech Ltd 0.135 -5% 8% -39% $25,508,870 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 GED Golden Deeps 0.046 -8% -8% -4% $5,429,550 G88 Golden Mile Res Ltd 0.018 -14% -22% 0% $6,258,401 DCX Discovex Res Ltd 0.0015 -25% -25% 0% $4,953,852 NMR Native Mineral Res 0.025 -4% -17% -9% $5,243,763 AQX Alice Queen Ltd 0.006 0% -50% -3% $1,018,444 SLZ Sultan Resources Ltd 0.015 -6% -6% -7% $2,222,851 MKG Mako Gold 0.0095 6% -32% -3% $5,961,685 KSN Kingston Resources 0.088 1% -2% 1% $42,824,718 AMI Aurelia Metals Ltd 0.105 -5% 0% -1% $185,874,414 PNX PNX Metals Limited 0.0035 -13% 17% 0% $21,522,499 GIB Gibb River Diamonds 0.028 -10% -24% -3% $5,710,755 KCN Kingsgate Consolid. 1.36 -6% 20% -37% $355,697,335 TMX Terrain Minerals 0.004 -11% 0% 0% $5,413,711 BNR Bulletin Res Ltd 0.11 -35% -37% 2% $33,765,532 NXM Nexus Minerals Ltd 0.049 0% 26% -15% $19,063,946 SKY SKY Metals Ltd 0.036 -10% -10% -1% $16,610,331 LM8 Lunnonmetalslimited 0.68 0% -3% -22% $141,086,557 CST Castile Resources 0.074 25% 19% -2% $17,900,780 YRL Yandal Resources 0.09 1% 55% -1% $21,125,354 FAU First Au Ltd 0.004 100% 60% 0% $4,985,980 ARL Ardea Resources Ltd 0.455 1% -16% -26% $91,491,100 GWR GWR Group Ltd 0.085 13% 6% 3% $26,660,982 IVR Investigator Res Ltd 0.045 -4% 7% 0% $66,109,821 GTR Gti Energy Ltd 0.0075 -17% 7% 0% $14,349,630 IPT Impact Minerals 0.01 0% -9% 0% $28,647,039 BNZ Benzmining 0.28 -10% -20% -13% $31,279,213 MOH Moho Resources 0.009 -10% 29% -1% $4,823,470 BBX BBX Minerals Ltd 0.023 -12% -4% -8% $13,865,541 PUA Peak Minerals Ltd 0.0035 0% 17% 0% $3,644,818 MRZ Mont Royal Resources 0.16 0% -3% -2% $13,604,767 SMS Starmineralslimited 0.035 -3% 0% -4% $2,809,144 MVL Marvel Gold Limited 0.009 -10% -10% -2% $7,774,116 PRX Prodigy Gold NL 0.008 0% 0% 0% $14,008,863 AAU Antilles Gold Ltd 0.022 0% -4% -1% $17,663,955 CWX Carawine Resources 0.12 9% 14% 2% $28,335,054 RND Rand Mining Ltd 1.365 9% 10% 1% $77,635,687 CAZ Cazaly Resources 0.029 -19% -12% -1% $12,646,750 BMR Ballymore Resources 0.14 -7% 8% -1% $20,976,377 DRE Dreadnought Resources Ltd 0.0325 2% -2% -7% $107,165,304 ZNC Zenith Minerals Ltd 0.14 8% 17% -13% $51,095,228 REZ Resourc & En Grp Ltd 0.014 -13% -7% 0% $7,497,087 LEX Lefroy Exploration 0.16 -6% -3% -10% $33,371,298 ERM Emmerson Resources 0.056 -3% -3% -2% $32,137,877 AM7 Arcadia Minerals 0.076 -11% 19% -13% $8,287,808 ADT Adriatic Metals 3.235 0% -7% 9% $783,229,623 GMR Golden Rim Resources 0.013 18% -28% -2% $7,690,649 CYL Catalyst Metals 1.005 10% 26% -18% $220,157,544 CHN Chalice Mining Ltd 1.7125 13% -5% -459% $659,292,800 KAL Kalgoorliegoldmining 0.027 13% 8% -6% $4,438,020 MLS Metals Australia 0.034 -8% -6% -1% $21,217,230 ADN Andromeda Metals Ltd 0.021 0% 0% -2% $65,310,177 MEI Meteoric Resources 0.22 7% -10% 17% $398,539,911 SRN Surefire Rescs NL 0.01 5% -9% 0% $18,367,531 SIH Sihayo Gold Limited 0.002 0% 33% 0% $12,204,256 WA8 Warriedarresourltd 0.061 22% 2% -11% $31,646,158 HMX Hammer Metals Ltd 0.051 9% 3% -2% $43,433,960 WCN White Cliff Min Ltd 0.011 -15% 10% 0% $14,042,153 AVM Advance Metals Ltd 0.002 -33% -33% -1% $2,377,897 WRM White Rock Min Ltd 0.063 0% 0% 0% $17,508,200 ASR Asra Minerals Ltd 0.008 0% 0% -1% $12,217,468 MCT Metalicity Limited 0.002 33% 0% 0% $6,376,629 AME Alto Metals Limited 0.046 10% 5% -2% $33,101,604 CTO Citigold Corp Ltd 0.006 33% 20% 0% $14,368,295 TIE Tietto Minerals 0.6 -3% 4% -11% $683,462,723 SMI Santana Minerals Ltd 0.855 13% 27% 20% $144,932,679 M2R Miramar 0.028 47% 47% -5% $2,977,391 MHC Manhattan Corp Ltd 0.004 0% -20% 0% $11,747,919 GRL Godolphin Resources 0.038 0% 6% -4% $6,431,197 SVG Savannah Goldfields 0.048 -16% -6% -14% $9,621,131 EMC Everest Metals Corp 0.095 13% 9% 2% $15,511,895 GUL Gullewa Limited 0.055 0% 0% -1% $10,822,521 CY5 Cygnus Metals Ltd 0.135 0% -21% -25% $39,360,484 G50 Gold50Limited 0.15 25% 20% -10% $15,847,050 ADV Ardiden Ltd 0.175 -3% -19% -13% $11,565,739 AAR Astral Resources NL 0.079 -1% -4% 1% $62,654,705 VMC Venus Metals Cor Ltd 0.1 -9% -9% 2% $18,972,868 NAE New Age Exploration 0.006 -25% 0% 0% $10,763,393 VKA Viking Mines Ltd 0.013 0% 44% 0% $13,328,360 LCL LCL Resources Ltd 0.016 -24% -36% -4% $13,503,176 MTH Mithril Resources 0.002 0% 100% 0% $6,737,609 ADG Adelong Gold Limited 0.005 -17% -17% 0% $3,398,278 RMX Red Mount Min Ltd 0.003 0% -25% 0% $8,020,728 PRS Prospech Limited 0.034 -17% 70% 1% $7,625,443 XTCDA Xantippe Res Ltd 0.2 0% 0% -40% $17,528,005 TTM Titan Minerals 0.0255 -22% -22% -4% $43,192,226 NML Navarre Minerals Ltd 0.019 0% 0% -2% $28,555,654 MZZ Matador Mining Ltd 0.044 -23% 10% -7% $24,444,699 KZR Kalamazoo Resources 0.125 9% 9% -9% $21,421,184 BCN Beacon Minerals 0.027 -4% 2% 0% $101,432,741 MAU Magnetic Resources 1.04 -2% -5% 18% $257,537,848 BC8 Black Cat Syndicate 0.27 8% 32% -9% $80,497,816 EM2 Eagle Mountain 0.062 13% -10% -11% $20,737,747 EMR Emerald Res NL 2.59 -9% -3% 141% $1,688,506,768 BYH Bryah Resources Ltd 0.013 -13% 8% -1% $5,203,287 HCH Hot Chili Ltd 1.02 0% -6% 15% $118,847,980 WAF West African Res Ltd 0.925 -1% 11% -25% $969,676,858 MEU Marmota Limited 0.049 20% 17% 0% $49,763,627 NVA Nova Minerals Ltd 0.3 15% 11% -38% $65,375,888 SVL Silver Mines Limited 0.17 -3% 0% -3% $238,736,464 PGD Peregrine Gold 0.265 -10% -10% -12% $15,210,768 ICL Iceni Gold 0.058 -5% -2% -2% $13,911,714 FG1 Flynngold 0.064 -20% -4% -4% $8,728,485 WWI West Wits Mining Ltd 0.012 0% -8% 0% $29,164,700 RML Resolution Minerals 0.003 -25% -50% -1% $3,771,875 AAJ Aruma Resources Ltd 0.03 -9% -6% -2% $5,906,745 AL8 Alderan Resource Ltd 0.005 -23% -67% 0% $5,534,307 GMN Gold Mountain Ltd 0.005 -29% -9% 0% $11,345,393 MEG Megado Minerals Ltd 0.025 -11% -29% -2% $6,361,389 HMG Hamelingoldlimited 0.082 0% -6% -6% $12,915,000 TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243 BM8 Battery Age Minerals 0.18 -18% -10% -32% $16,267,482 TBR Tribune Res Ltd 2.67 -1% -14% -136% $140,089,766 FML Focus Minerals Ltd 0.17 -8% 0% -9% $48,714,970 GSR Greenstone Resources 0.008 0% 0% -2% $10,944,908 VRC Volt Resources Ltd 0.007 0% 0% -1% $28,910,747 ARV Artemis Resources 0.021 -13% -22% 0% $33,823,923 HRN Horizon Gold Ltd 0.285 -2% -5% -2% $41,279,378 CLA Celsius Resource Ltd 0.012 -14% 20% 0% $28,075,646 QML Qmines Limited 0.089 0% 20% -8% $17,717,788 RDN Raiden Resources Ltd 0.038 -12% 0% 3% $92,861,562 TCG Turaco Gold Limited 0.1225 11% 119% 6% $73,400,000 KCC Kincora Copper 0.029 12% 4% -4% $4,475,381 GBZ GBM Rsources Ltd 0.01 -17% -47% -3% $6,823,540 DTM Dart Mining NL 0.016 -6% -11% -4% $3,641,274 MKR Manuka Resources. 0.07 56% 75% -2% $33,188,684 AUC Ausgold Limited 0.033 0% 10% -1% $75,772,660 ANX Anax Metals Ltd 0.027 -7% -7% -3% $12,984,776 EMU EMU NL 0.001 0% -33% 0% $3,335,043 SFM Santa Fe Minerals 0.043 0% 0% -4% $3,131,208 SSR SSR Mining Inc. 17.34 -2% -9% -571% $403,235,434 PNR Pantoro Limited 0.0495 -7% 18% -5% $265,405,556 CMM Capricorn Metals 4.395 -8% -9% -21% $1,631,658,480 X64 Ten Sixty Four Ltd 0.57 0% 0% -7% $130,184,182 SI6 SI6 Metals Limited 0.0055 -8% 0% 0% $11,963,157 HAW Hawthorn Resources 0.09 0% -10% -3% $30,151,405 BGD Bartongoldholdings 0.245 -2% 2% 5% $46,928,939 SVY Stavely Minerals Ltd 0.05 -11% -26% -20% $19,097,005 AGC AGC Ltd 0.068 10% 8% 1% $6,600,000 RGL Riversgold 0.014 -13% 56% -2% $14,268,922 TSO Tesoro Gold Ltd 0.03 50% 58% -1% $29,925,749 GUE Global Uranium 0.09 -9% -22% -6% $19,140,577 CPM Coopermetalslimited 0.315 -28% 125% 8% $21,307,893 MM8 Medallion Metals. 0.065 3% 10% -9% $20,612,661 AUT Auteco Minerals 0.525 1% 6% -24% $194,810,889 CBY Canterbury Resources 0.03 7% 30% -1% $5,058,324 LYN Lycaonresources 0.175 13% -10% -10% $6,828,719 SFR Sandfire Resources 6.52 6% 6% 108% $2,938,461,158 TMZ Thomson Res Ltd 0.005 0% 0% -1% $4,881,018 TAM Tanami Gold NL 0.038 0% 6% 0% $43,478,591 WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031 NWM Norwest Minerals 0.029 -3% -5% -3% $8,339,516 ALK Alkane Resources Ltd 0.6475 -3% 4% 11% $392,234,256 BMO Bastion Minerals 0.013 -19% -28% -2% $2,719,019 IDA Indiana Resources 0.061 2% 9% 1% $36,914,224 GSM Golden State Mining 0.0155 -18% -3% -3% $4,060,625 NSM Northstaw 0.065002 -4% -7% -8% $7,808,495 GSN Great Southern 0.019 -10% -21% -1% $14,338,069 RED Red 5 Limited 0.3625 4% 8% 16% $1,246,388,130 DEG De Grey Mining 1.325 -3% 9% 4% $2,471,368,171 THR Thor Energy PLC 0.028 0% 0% -3% $5,209,017 CDR Codrus Minerals Ltd 0.057 2% -8% -7% $4,998,188 MDI Middle Island Res 0.015 -6% 0% -2% $3,264,810 BAT Battery Minerals Ltd 0.038 3% -22% -8% $4,186,157 POL Polymetals Resources 0.285 -11% -5% 4% $44,889,626 RDS Redstone Resources 0.006 0% -14% 0% $5,528,271 NAG Nagambie Resources 0.03 0% 7% -4% $16,870,063 BGL Bellevue Gold Ltd 1.82 6% 29% 69% $2,056,719,963 GBR Greatbould Resources 0.068 8% 3% -2% $37,856,398 KAI Kairos Minerals Ltd 0.015 0% -12% -1% $39,313,683 KAU Kaiser Reef 0.165 -3% -3% 0% $25,878,515 HRZ Horizon 0.04 5% 21% -2% $28,740,331 CAI Calidus Resources 0.18 -8% 0% -9% $112,893,846 CDT Castle Minerals 0.01 -5% -17% -1% $12,244,930 RSG Resolute Mining 0.44 1% 11% 24% $904,846,256 MXR Maximus Resources 0.04 -27% 3% 0% $14,106,654 EVN Evolution Mining Ltd 3.63 -11% -2% 65% $6,706,322,518 CXU Cauldron Energy Ltd 0.015 7% 25% 1% $15,850,288 DLI Delta Lithium 0.465 -2% -18% 0% $293,640,952 ALY Alchemy Resource Ltd 0.01 0% -9% -1% $11,780,763 HXG Hexagon Energy 0.01 11% 11% -1% $5,129,159 OBM Ora Banda Mining Ltd 0.23 -2% 44% 15% $392,516,820 SLR Silver Lake Resource 1.13 3% 1% -6% $1,051,587,375 AVW Avira Resources Ltd 0.0015 -25% 50% 0% $3,200,685 LCY Legacy Iron Ore 0.016 -6% -6% 0% $102,509,219 PDI Predictive Disc Ltd 0.23 -2% 0% 5% $486,037,361 MAT Matsa Resources 0.026 -7% -21% -1% $12,445,525 ZAG Zuleika Gold Ltd 0.019 -10% 36% 0% $13,985,625 GML Gateway Mining 0.027 23% 29% -3% $7,955,581 SBM St Barbara Limited 0.1975 -6% -1% -14% $163,594,076 SBR Sabre Resources 0.027 -29% -27% -1% $9,776,397 STK Strickland Metals 0.1525 -18% -5% 11% $244,600,510 ION Iondrive Limited 0.012 -8% -8% -1% $5,835,423 CEL Challenger Gold Ltd 0.072 3% -14% -10% $90,688,699 LRL Labyrinth Resources 0.006 0% -14% -1% $7,125,262 NST Northern Star 12.56 -1% 4% 165% $14,572,123,751 OZM Ozaurum Resources 0.1 -9% -17% 3% $15,398,750 TG1 Techgen Metals Ltd 0.099 16% 267% 2% $9,611,809 XAM Xanadu Mines Ltd 0.054 -2% -21% 3% $83,340,213 AQI Alicanto Min Ltd 0.036 -16% -31% -1% $23,382,799 KTA Krakatoa Resources 0.04 -9% 38% 0% $17,940,074 ARN Aldoro Resources 0.083 -1% -3% -8% $11,173,771 WGX Westgold Resources. 2.14 0% 2% 127% $1,013,552,642 MBK Metal Bank Ltd 0.028 -26% -7% -1% $10,104,174 A8G Australasian Metals 0.16 -9% -6% -3% $8,339,279 TAR Taruga Minerals 0.011 0% 10% -1% $7,060,268 DTR Dateline Resources 0.011 -4% 0% -3% $14,442,401 GOR Gold Road Res Ltd 1.9425 0% 2% 25% $2,092,124,399 S2R S2 Resources 0.205 21% 11% 4% $84,189,712 NES Nelson Resources. 0.004 0% -20% 0% $3,067,972 TLM Talisman Mining 0.21 8% 45% 7% $37,664,070 BEZ Besragoldinc 0.145 0% 16% 9% $62,715,136 PRU Perseus Mining Ltd 1.8825 -2% 6% -23% $2,575,432,418 SPQ Superior Resources 0.018 -10% -18% -4% $33,021,968 PUR Pursuit Minerals 0.008 -11% -11% -1% $22,079,786 RMS Ramelius Resources 1.5975 -7% -3% 67% $1,801,794,682 PKO Peako Limited 0.005 0% 0% -1% $2,635,424 ICG Inca Minerals Ltd 0.012 0% -43% -1% $5,844,355 A1G African Gold Ltd. 0.0345 1% -4% -5% $5,925,892 OAU Ora Gold Limited 0.006 0% -14% 0% $39,355,173 GNM Great Northern 0.018 -14% -14% -4% $3,092,582 KRM Kingsrose Mining Ltd 0.045 2% -10% -2% $32,358,640 BTR Brightstar Resources 0.015 0% 36% 0% $34,873,865 RRL Regis Resources 1.905 -2% 4% -16% $1,438,920,429 M24 Mamba Exploration 0.036 13% 24% -11% $2,195,400 TRM Truscott Mining Corp 0.06 7% -5% 2% $10,402,024 TNC True North Copper 0.11 -12% -31% 6% $36,199,741 MOM Moab Minerals Ltd 0.008 33% 14% 0% $4,983,744 KNB Koonenberrygold 0.028 -13% -22% -3% $3,352,974 AWJ Auric Mining 0.07 21% 1% 1% $9,160,171 AZS Azure Minerals 3.57 -10% -8% 335% $1,642,072,879 ENR Encounter Resources 0.29 -3% -21% 11% $116,652,726 SNG Siren Gold 0.046 -16% -27% -14% $7,947,590 STN Saturn Metals 0.16 19% 23% -2% $35,697,313 USL Unico Silver Limited 0.11 5% 10% -6% $32,565,675 PNM Pacific Nickel Mines 0.082 -7% -16% 0% $34,296,755 AYM Australia United Min 0.002 0% -33% 0% $3,685,155 ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441 HAV Havilah Resources 0.27 -2% 13% -6% $87,075,783 SPR Spartan Resources 0.48 -3% 9% 31% $453,179,994 PNT Panthermetalsltd 0.06 7% -18% -13% $3,669,000 MEK Meeka Metals Limited 0.043 2% 13% -3% $50,996,234 GMD Genesis Minerals 1.84 0% 20% 59% $2,030,364,822 PGO Pacgold 0.21 2% -5% -15% $16,829,088 FEG Far East Gold 0.15 -6% 0% -33% $27,090,932 MI6 Minerals260Limited 0.285 -2% -22% -6% $67,860,000 IGO IGO Limited 8.2 -4% -14% -526% $6,080,860,538 GAL Galileo Mining Ltd 0.27 -2% -7% -61% $56,323,104 RXL Rox Resources 0.19 0% -15% 2% $68,330,538 KIN KIN Min NL 0.062 2% 5% 0% $71,867,183 CLZ Classic Min Ltd 0.001 0% 0% -1% $12,357,082 TGM Theta Gold Mines Ltd 0.125 -4% -14% 6% $95,320,126 FAL Falconmetalsltd 0.15 11% 3% -13% $26,550,000 SXG Southern Cross Gold 0.95 5% 9% 15% $86,003,120 SPD Southernpalladium 0.335 -7% -13% -48% $13,354,281 ORN Orion Minerals Ltd 0.013 -7% -28% 0% $75,985,451 TMB Tambourahmetals 0.13 -21% -19% 3% $10,782,246 TMS Tennant Minerals Ltd 0.036 13% 50% 1% $27,339,603 AZY Antipa Minerals Ltd 0.015 0% 7% -1% $57,887,311 PXX Polarx Limited 0.008 7% 14% -1% $11,477,317 TRE Toubaniresourcesinc 0.15 15% 36% -1% $18,741,193 AUN Aurumin 0.023 -8% -8% -4% $7,642,634 GPR Geopacific Resources 0.021 17% 31% -1% $17,256,065 FXG Felix Gold Limited 0.043 -14% 0% -8% $5,816,614 ILT Iltani Resources Lim 0.135 -7% -10% 0% $4,591,418 ARD Argent Minerals 0.011 0% 22% 0% $12,968,793
WordPress Tables Plugin
Best-performing goldies over the past week
The week’s biggest gains
First Au (ASX:FAU) +100%
Manuka Resources (ASX:MKR) +56%
Tesoro Resources (ASX:TSO) +50%
Miramar Resources (ASX:M2R) +47%
Moab Minerals (ASX:MOM) +33%
Citigold (ASX:CTO) +33%
Metalicity (ASX:MCT) +33%
Castile Resources (ASX:CST) +25%
Right then, that’s a wrap for another week. It’s Friday afternoon, and Stockhead’s westies are having a Christmas party. We’ll drink to that. Just not faster than this talented entrepreneur…
infinite money glitch pic.twitter.com/MVLvjeuAFs
— non aesthetic things (@PicturesFoIder) December 6, 2023
The post Gold Digger: With a golden cross in play, ‘this is not the time to be bearish’ on the most stoic of metals appeared first on Stockhead.
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