Gold Digger: ‘Old relic chases the sun’ as RSI and other technicals shine

Spot gold prices have recovered from a dramatic dip earlier this week
The 14-day RSI is in good shape again and the bullish golden cross? Still in play
The week’s top ASX gold-related stocks led by Battery Minerals (ASX:BAT)

Ahead of the latest Fed meeting and CPI inflation figures in the US, spot gold, as you might well know, was wavering, falling well back below the hallowed ground of US$2,000.

Thanks for the leg-up, Jerome Powell and pals over at the Federal Reserve. Because the yellow metal appears to be back on track.

Maybe it’ll be angling for another personal best soon, although its recent all-time-high of US$2,148 is still a ways off.

At the time of writing, gold is changing hands for US$2,037 and in you-beaut, plastic-fantastic Aussie currency: $3,033.

Here’s how the S&P/ASX All Ords Gold (XGD) index responded on Thursday – up +5.34% at yesterday’s closing bell:

Source: Market Index

And this is the XGD over a longer run. “There’s legs, you’d reckon,” said Stockhead‘s Christian Edwards. Pretty sure he was talking about the gold charts…

Source: Market Index

And just for good measure, here’s gold’s worm chart over the past 20 years…

Via abcbullion.com.au

Just a recap on what Powell and co said, and did, before we delve around for some subsequent hot takes on gold’s direction from here.

The US Fed decided to leave interest rates unchanged again this month, and its projections for interest rates next year have taken a pivot for the positive.

The Fed now sees a total of 75 basis points of rate cuts coming in 2024 from three separate cuts.

Powell also said that leaving rates high for a prolonged period may not be the best thing to do.

“Inflation keeps coming down, the labour market keeps getting back into balance and, it’s so far, so good,” he said.

“We’re aware of the risk that we would hang on too long before reducing borrowing rates. We know that’s a risk, and we’re very focused on not making that mistake.”

Meanwhile, the “old relic” (not Powell) is chasing the sun, according to ‘StockShaman’ – he of ’39 years of mining experience’… He meant round-the-clock trading into Asia, but we could just as easily take it to mean the precious metal is trending higher.

In fact, we’re running with the latter because, for the moment it’s true and, frankly, it works just fine with the pic we’ve chosen for the story.

#GOLD $2027.70 +48.26 +2.44%
closing out the day right at the high as the old relic chases the Sun, into Asian trading…
going to be a long night pic.twitter.com/gJbbsPemK6

— StockShaman #PeakCopper AKA Greg Shafransky (@StockShaman) December 13, 2023

Golden cross still in play, RSI indicates ‘more gains’

Meanwhile, the bullish golden cross we mentioned last week that was potentially forming for gold – various pundits of various levels of prominence are calling for it again…

Feb24 Comex gold looking very much like it just had a successful test of support at both its 50-day and 200-day MAs.
Also be sure to note that a bullish “golden cross” is likely pending for next week as the 50-day crosses up and through the 200-day. pic.twitter.com/Ly1i23ylNl

— TF Metals Report (@TFMetals) December 13, 2023

According to analysts at FXStreet, the gold price outlook “appears constructive”, with the 1D technical setup flipping bullish and a perfect retest off the 50-day Simple Moving Average before bouncing above the “critical” 21-day SMA midweek.

Critical, because it took the precious metal back above US$2,000 again.

And RSI (relative strength index) fans will like this – FXStreet analyst Dhwani Mehta notes:

“The 14-day Relative Strength Index (RSI) indicator is holding steady, having recaptured the 50 level. The indicator suggests that more gains remain in the offing,”

But adds:

“Should Gold price face rejection once again near the $2,050 region, a renewed selling wave could set in, with the 50-day SMA support now at $2,012 back in sight.”

And, according to Reliance Group’s moneycontrol.com financial site, a whole range of technical indicators – including moving averages and their crossovers, along with RSI, MACD and Bollinger Bands – are flashing bullish to “very bullish”, particularly on weekly and monthly timeframes…

Source: moneycontrol.com

Gold at all-time highs in the majority of fiat currencies.

However, you still have many generalists saying it is only held for tradition.

How do you define financial sheep?

— Gold Telegraph (@GoldTelegraph_) December 14, 2023

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. Information accurate circa 5pm Thursday.

Stocks missing from this list? Email [email protected]

Code Company Price % Week % Month % YTD Market Cap MRR Minrex Resources Ltd 0.017 0% 13% -2% $17,357,880 NPM Newpeak Metals 0.018 13% -82% -8% $1,599,228 ASO Aston Minerals Ltd 0.027 -7% -16% -5% $38,851,928 MTC Metalstech Ltd 0.135 -7% 13% -39% $24,564,097 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 GED Golden Deeps 0.045 -6% -21% -5% $4,967,461 G88 Golden Mile Res Ltd 0.019 -5% -24% 0% $6,258,401 DCX Discovex Res Ltd 0.0015 0% -25% 0% $4,953,852 NMR Native Mineral Res 0.027 8% -21% -8% $5,663,264 AQX Alice Queen Ltd 0.005 -29% -58% -3% $1,327,908 SLZ Sultan Resources Ltd 0.016 7% 7% -7% $2,222,851 MKG Mako Gold 0.01 11% -29% -3% $6,624,094 KSN Kingston Resources 0.088 -2% 5% 1% $43,820,641 AMI Aurelia Metals Ltd 0.1 -9% 0% -2% $177,425,577 PNX PNX Metals Limited 0.004 33% 0% 0% $21,522,499 GIB Gibb River Diamonds 0.03 -12% -12% -3% $6,345,283 KCN Kingsgate Consolid. 1.34 -3% 19% -39% $333,788,441 TMX Terrain Minerals 0.004 -20% 0% 0% $6,767,139 BNR Bulletin Res Ltd 0.12 4% -23% 3% $35,233,599 NXM Nexus Minerals Ltd 0.049 -6% 29% -15% $19,063,946 SKY SKY Metals Ltd 0.035 -3% -13% -1% $16,148,933 LM8 Lunnonmetalslimited 0.695 7% -3% -20% $151,939,369 CST Castile Resources 0.08 8% 33% -2% $18,626,487 YRL Yandal Resources 0.09 0% 64% -1% $21,125,354 FAU First Au Ltd 0.003 50% 50% 0% $4,985,980 ARL Ardea Resources Ltd 0.485 11% -9% -23% $99,323,477 GWR GWR Group Ltd 0.088 7% 4% 3% $28,267,066 IVR Investigator Res Ltd 0.039 -17% 5% 0% $56,049,631 GTR Gti Energy Ltd 0.008 7% 14% 0% $16,399,577 IPT Impact Minerals 0.01 0% -17% 0% $25,782,335 BNZ Benzmining 0.24 -14% -25% -17% $26,810,754 MOH Moho Resources 0.009 0% 13% -1% $4,287,529 BBX BBX Minerals Ltd 0.023 0% -12% -8% $16,221,104 PUA Peak Minerals Ltd 0.0035 0% 17% 0% $3,644,818 MRZ Mont Royal Resources 0.155 -3% -6% -2% $13,179,618 SMS Starmineralslimited 0.035 -5% -8% -4% $2,657,298 MVL Marvel Gold Limited 0.011 38% 0% -2% $8,637,907 PRX Prodigy Gold NL 0.008 -11% 0% 0% $14,008,863 AAU Antilles Gold Ltd 0.02 -9% -13% -1% $17,932,299 CWX Carawine Resources 0.12 0% 14% 2% $28,335,054 RND Rand Mining Ltd 1.37 0% 1% 1% $77,351,307 CAZ Cazaly Resources 0.029 -6% -12% -1% $12,729,817 BMR Ballymore Resources 0.135 -10% 4% -2% $25,226,150 DRE Dreadnought Resources Ltd 0.031 -3% -9% -7% $103,708,359 ZNC Zenith Minerals Ltd 0.165 18% -11% -10% $54,619,037 REZ Resourc & En Grp Ltd 0.014 0% -7% 0% $6,997,281 LEX Lefroy Exploration 0.165 -3% -3% -10% $34,352,807 ERM Emmerson Resources 0.057 -3% -3% -2% $31,048,458 AM7 Arcadia Minerals 0.078 -15% -12% -13% $8,069,707 ADT Adriatic Metals 3.25 -2% 2% 10% $674,782,444 GMR Golden Rim Resources 0.012 -8% -33% -2% $7,099,060 CYL Catalyst Metals 0.96 -8% 16% -22% $202,544,940 CHN Chalice Mining Ltd 1.605 -2% 2% -470% $581,500,139 KAL Kalgoorliegoldmining 0.026 4% -7% -6% $4,121,019 MLS Metals Australia 0.034 3% -6% -1% $20,593,194 ADN Andromeda Metals Ltd 0.022 10% -12% -2% $68,420,186 MEI Meteoric Resources 0.215 5% -9% 16% $399,422,788 SRN Surefire Rescs NL 0.01 0% 11% 0% $18,367,531 WA8 Warriedarresourltd 0.056 -10% -5% -11% $27,052,361 HMX Hammer Metals Ltd 0.052 -2% 8% -2% $44,320,367 WCN White Cliff Min Ltd 0.01 -9% -9% 0% $12,765,593 AVM Advance Metals Ltd 0.003 0% -25% -1% $2,377,897 WRM White Rock Min Ltd 0.063 0% 0% 0% $17,508,200 ASR Asra Minerals Ltd 0.008 7% -43% -1% $13,031,966 MCT Metalicity Limited 0.002 0% 0% 0% $8,970,108 AME Alto Metals Limited 0.041 -7% -7% -3% $29,503,604 CTO Citigold Corp Ltd 0.005 0% 0% 0% $14,368,295 TIE Tietto Minerals 0.62 1% 6% -9% $683,462,723 SMI Santana Minerals Ltd 0.945 19% 29% 29% $162,715,830 M2R Miramar 0.027 42% 23% -5% $3,572,869 MHC Manhattan Corp Ltd 0.004 0% 0% 0% $11,747,919 GRL Godolphin Resources 0.038 0% 9% -4% $6,431,197 TRY Troy Resources Ltd 0 -100% -100% -3% $62,920,961 SVG Savannah Goldfields 0.044 -8% -14% -15% $8,819,370 EMC Everest Metals Corp 0.081 -4% -17% 0% $13,715,781 GUL Gullewa Limited 0.055 0% 0% -1% $10,822,521 CY5 Cygnus Metals Ltd 0.125 -14% -19% -26% $36,444,892 G50 Gold50Limited 0.125 -4% -4% -13% $13,661,250 ADV Ardiden Ltd 0.16 -16% -26% -14% $10,315,388 AAR Astral Resources NL 0.076 -5% -5% 0% $61,068,510 MGV Musgrave Minerals 0 -100% -100% -21% $230,571,100 VMC Venus Metals Cor Ltd 0.115 10% 15% 4% $21,818,799 NAE New Age Exploration 0.006 -14% -14% 0% $10,763,393 VKA Viking Mines Ltd 0.012 -8% 20% 0% $12,303,101 LCL LCL Resources Ltd 0.017 -11% -32% -4% $15,218,345 MTH Mithril Resources 0.002 0% 0% 0% $6,737,609 ADG Adelong Gold Limited 0.005 -9% -23% 0% $3,398,278 RMX Red Mount Min Ltd 0.004 33% -20% 0% $10,694,304 PRS Prospech Limited 0.03 -3% 50% 0% $7,401,166 TTM Titan Minerals 0.028 4% -11% -4% $43,192,226 NML Navarre Minerals Ltd 0.019 0% 0% -2% $28,555,654 MZZ Matador Mining Ltd 0.052 -16% 33% -6% $22,423,014 KZR Kalamazoo Resources 0.098 -22% -18% -11% $16,451,469 BCN Beacon Minerals 0.027 0% 0% 0% $97,675,972 MAU Magnetic Resources 1 -6% 6% 14% $252,007,278 BC8 Black Cat Syndicate 0.26 -4% 0% -10% $77,460,162 EM2 Eagle Mountain 0.067 14% 3% -10% $20,432,780 EMR Emerald Res NL 2.8 4% 14% 162% $1,589,418,769 BYH Bryah Resources Ltd 0.012 -11% -37% -1% $5,203,287 HCH Hot Chili Ltd 0.97 -3% -9% 10% $116,459,076 WAF West African Res Ltd 0.92 -3% 16% -26% $867,065,550 MEU Marmota Limited 0.046 -8% 21% 0% $46,587,225 NVA Nova Minerals Ltd 0.36 29% 44% -32% $71,702,587 DCN Dacian Gold Ltd 0 -100% -100% -10% $346,788,267 SVL Silver Mines Limited 0.165 -6% 3% -4% $224,693,143 PGD Peregrine Gold 0.23 -18% -28% -16% $13,871,204 ICL Iceni Gold 0.052 -12% -13% -3% $11,992,857 FG1 Flynngold 0.05 -22% -39% -5% $7,501,042 WWI West Wits Mining Ltd 0.012 -8% -8% 0% $29,164,700 RML Resolution Minerals 0.003 -14% -50% -1% $3,771,875 AAJ Aruma Resources Ltd 0.03 -3% -9% -2% $5,906,745 AL8 Alderan Resource Ltd 0.005 -23% -38% 0% $5,534,307 GMN Gold Mountain Ltd 0.004 -20% -27% 0% $11,345,393 MEG Megado Minerals Ltd 0.025 0% -22% -2% $6,106,933 HMG Hamelingoldlimited 0.075 -9% -11% -7% $11,970,000 TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243 BM8 Battery Age Minerals 0.18 -3% -8% -32% $16,044,640 TBR Tribune Res Ltd 2.7 1% -12% -133% $141,663,808 FML Focus Minerals Ltd 0.17 -3% -8% -9% $48,714,970 GSR Greenstone Resources 0.007 -13% 0% -3% $10,260,851 VRC Volt Resources Ltd 0.007 0% 0% -1% $28,910,747 ARV Artemis Resources 0.019 -10% -41% -1% $32,132,727 HRN Horizon Gold Ltd 0.3 5% 0% -1% $43,451,977 CLA Celsius Resource Ltd 0.014 8% 27% 0% $29,198,672 QML Qmines Limited 0.089 11% 27% -8% $18,772,418 RDN Raiden Resources Ltd 0.035 -10% -26% 3% $82,248,812 TCG Turaco Gold Limited 0.12 0% 103% 6% $64,592,000 KCC Kincora Copper 0.029 12% -3% -4% $4,635,216 GBZ GBM Rsources Ltd 0.011 0% -31% -3% $6,203,218 DTM Dart Mining NL 0.015 -17% -29% -4% $3,413,694 MKR Manuka Resources. 0.096 85% 118% 1% $50,626,806 AUC Ausgold Limited 0.031 -6% 3% -2% $66,588,095 ANX Anax Metals Ltd 0.031 19% 3% -2% $13,465,694 EMU EMU NL 0.001 0% 0% 0% $2,024,771 SFM Santa Fe Minerals 0.043 0% 0% -4% $3,131,208 SSR SSR Mining Inc. 16.16 -7% -11% -689% $378,533,147 PNR Pantoro Limited 0.052 4% 16% -4% $244,589,434 CMM Capricorn Metals 4.56 4% 3% -4% $1,605,232,893 X64 Ten Sixty Four Ltd 0.57 0% 0% -7% $130,184,182 SI6 SI6 Metals Limited 0.005 -9% -29% 0% $10,966,227 HAW Hawthorn Resources 0.097 6% -3% -2% $30,151,405 BGD Bartongoldholdings 0.25 4% 22% 5% $48,884,311 SVY Stavely Minerals Ltd 0.047 -6% -32% -20% $19,097,005 AGC AGC Ltd 0.063 0% 2% 0% $6,000,000 RVR Red River Resources 0 -100% -100% -7% $37,847,908 RGL Riversgold 0.012 -25% 9% -2% $12,366,399 TSO Tesoro Gold Ltd 0.029 12% 61% -1% $32,227,730 GUE Global Uranium 0.091 -4% -24% -6% $19,140,577 CPM Coopermetalslimited 0.335 3% 139% 10% $17,809,582 MM8 Medallion Metals. 0.062 -7% 3% -9% $19,382,054 FFM Firefly Metals Ltd 0.52 -5% 12% -25% $180,380,453 CBY Canterbury Resources 0.028 -15% 17% -1% $4,046,659 LYN Lycaonresources 0.145 -9% -6% -13% $6,608,438 SFR Sandfire Resources 6.62 4% 10% 118% $2,929,321,310 NCM Newcrest Mining 0 -100% -100% -1932% $20,880,287,592 TMZ Thomson Res Ltd 0.005 0% 0% -1% $4,881,018 TAM Tanami Gold NL 0.038 6% 9% 0% $43,478,591 WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031 NWM Norwest Minerals 0.027 -10% -17% -3% $7,764,377 ALK Alkane Resources Ltd 0.665 2% 7% 13% $383,182,696 BMO Bastion Minerals 0.013 -13% -19% -2% $2,719,019 IDA Indiana Resources 0.063 3% 9% 1% $38,759,935 GSM Golden State Mining 0.016 -6% -16% -3% $3,821,764 NSM Northstaw 0.061 -6% -27% -8% $8,408,890 GSN Great Southern 0.021 11% -5% -1% $15,092,704 RED Red 5 Limited 0.355 -3% 8% 15% $1,177,144,345 DEG De Grey Mining 1.3 -6% 14% 2% $2,239,966,657 THR Thor Energy PLC 0.028 0% 17% -3% $5,209,017 CDR Codrus Minerals Ltd 0.057 2% -14% -7% $4,998,188 MDI Middle Island Res 0.015 -17% -6% -2% $3,264,810 BAT Battery Minerals Ltd 0.135 297% 207% 2% $11,286,618 POL Polymetals Resources 0.28 -3% -7% 4% $47,932,990 RDS Redstone Resources 0.005 -17% -29% 0% $4,606,892 NAG Nagambie Resources 0.027 -10% -27% -4% $16,288,337 BGL Bellevue Gold Ltd 1.69 -8% 23% 56% $1,872,879,073 GBR Greatbould Resources 0.067 -7% 5% -2% $38,315,981 KAI Kairos Minerals Ltd 0.015 0% -6% -1% $36,692,771 KAU Kaiser Reef 0.17 -3% 6% 1% $25,139,129 HRZ Horizon 0.045 2% 41% -2% $30,142,298 CAI Calidus Resources 0.175 -8% 3% -10% $103,740,291 CDT Castle Minerals 0.009 -10% -14% -1% $11,020,437 RSG Resolute Mining 0.44 -1% 24% 24% $894,201,005 MXR Maximus Resources 0.033 -20% -25% -1% $12,824,231 EVN Evolution Mining Ltd 3.7 3% 2% 72% $7,032,803,247 CXU Cauldron Energy Ltd 0.021 31% 75% 1% $23,775,848 DLI Delta Lithium 0.47 3% -7% 1% $288,752,862 ALY Alchemy Resource Ltd 0.01 0% -9% -1% $11,191,724 HXG Hexagon Energy 0.011 16% 10% -1% $6,667,907 OBM Ora Banda Mining Ltd 0.22 -4% 28% 14% $383,983,846 SLR Silver Lake Resource 1.16 4% 12% -3% $1,037,566,210 AVW Avira Resources Ltd 0.001 -33% -50% 0% $2,133,790 LCY Legacy Iron Ore 0.017 6% 6% 0% $108,916,045 PDI Predictive Disc Ltd 0.225 -4% 10% 5% $466,254,920 MAT Matsa Resources 0.026 0% 0% -1% $12,445,525 ZAG Zuleika Gold Ltd 0.017 -11% 13% 0% $12,513,454 GML Gateway Mining 0.03 20% 46% -3% $9,944,476 SBM St Barbara Limited 0.195 -3% 5% -14% $151,324,520 SBR Sabre Resources 0.025 -14% -31% -1% $9,414,308 STK Strickland Metals 0.16 -3% 7% 12% $244,689,010 ION Iondrive Limited 0.011 -8% -27% -1% $5,349,138 CEL Challenger Gold Ltd 0.067 -7% -8% -11% $81,871,742 LRL Labyrinth Resources 0.007 40% 17% -1% $8,312,806 NST Northern Star 13.18 5% 16% 227% $14,009,005,404 OZM Ozaurum Resources 0.105 5% -25% 4% $15,557,500 TG1 Techgen Metals Ltd 0.084 -9% 42% 0% $7,977,801 XAM Xanadu Mines Ltd 0.052 8% -22% 2% $88,442,675 CHZ Chesser Resources 0 -100% -100% -9% $65,818,414 AQI Alicanto Min Ltd 0.035 -10% -26% -1% $22,152,125 KTA Krakatoa Resources 0.04 5% 5% 0% $18,884,289 ARN Aldoro Resources 0.083 0% 0% -8% $11,173,771 WGX Westgold Resources. 2.18 1% 9% 131% $1,008,816,415 MBK Metal Bank Ltd 0.033 18% 22% 0% $12,630,217 A8G Australasian Metals 0.15 7% -14% -4% $7,818,074 TAR Taruga Minerals 0.011 0% 16% -1% $7,766,295 DTR Dateline Resources 0.009 -18% -25% -3% $13,129,455 GOR Gold Road Res Ltd 1.945 1% 8% 26% $1,956,974,244 S2R S2 Resources 0.185 -3% 0% 2% $73,922,674 NES Nelson Resources. 0.004 0% 0% 0% $2,147,580 TLM Talisman Mining 0.22 10% 29% 8% $43,313,680 BEZ Besragoldinc 0.125 -19% 9% 7% $56,443,622 PRU Perseus Mining Ltd 1.865 -2% 10% -25% $2,444,943,842 SPQ Superior Resources 0.016 -24% -27% -4% $29,352,860 PUR Pursuit Minerals 0.008 0% -20% -1% $23,551,771 RMS Ramelius Resources 1.64 1% 4% 71% $1,773,375,207 PKO Peako Limited 0.005 0% 0% -1% $2,635,424 ICG Inca Minerals Ltd 0.009 0% -44% -1% $5,259,920 A1G African Gold Ltd. 0.031 -11% 0% -5% $5,248,648 OAU Ora Gold Limited 0.006 0% 0% 0% $33,736,928 GNM Great Northern 0.02 0% -9% -4% $3,092,582 KRM Kingsrose Mining Ltd 0.041 -7% -15% -2% $30,853,587 BTR Brightstar Resources 0.015 7% 15% 0% $32,548,940 RRL Regis Resources 2.04 7% 17% -2% $1,435,143,735 M24 Mamba Exploration 0.044 33% 47% -10% $2,317,367 TRM Truscott Mining Corp 0.06 0% 2% 2% $10,402,024 TNC True North Copper 0.11 -8% -27% 6% $34,554,298 MOM Moab Minerals Ltd 0.007 0% 8% 0% $4,983,744 KNB Koonenberrygold 0.041 46% 14% -2% $5,268,960 AWJ Auric Mining 0.067 -4% 3% 0% $8,767,593 AZS Azure Minerals 3.59 1% -10% 337% $1,637,486,083 ENR Encounter Resources 0.27 -7% -30% 9% $104,585,203 SNG Siren Gold 0.049 -2% -17% -13% $7,947,590 STN Saturn Metals 0.16 0% 14% -2% $33,466,231 USL Unico Silver Limited 0.11 -8% 5% -6% $32,565,675 PNM Pacific Nickel Mines 0.09 1% -18% 1% $35,551,514 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 0.26 -4% 2% -7% $83,909,391 SPR Spartan Resources 0.475 -3% 3% 31% $415,017,469 PNT Panthermetalsltd 0.06 0% -20% -13% $5,101,500 MEK Meeka Metals Limited 0.04 -9% 11% -3% $49,388,357 GMD Genesis Minerals 1.75 -7% 23% 50% $1,822,602,466 PGO Pacgold 0.1875 -6% -4% -17% $15,987,634 FEG Far East Gold 0.15 -3% -3% -33% $25,284,869 MI6 Minerals260Limited 0.295 2% -6% -5% $71,370,000 IGO IGO Limited 8.37 7% -5% -509% $5,694,653,954 GAL Galileo Mining Ltd 0.235 -16% -15% -65% $49,406,232 RXL Rox Resources 0.185 -5% -10% 1% $68,330,538 KIN KIN Min NL 0.066 8% 18% 0% $70,689,033 CLZ Classic Min Ltd 0.001 0% 0% -1% $12,357,082 TGM Theta Gold Mines Ltd 0.115 -12% -12% 5% $81,313,626 FAL Falconmetalsltd 0.14 -3% 4% -14% $25,222,500 SXG Southern Cross Gold 1.16 12% 33% 36% $100,862,298 SPD Southernpalladium 0.32 -3% -16% -49% $13,785,065 ORN Orion Minerals Ltd 0.015 15% -12% 0% $81,830,486 TMB Tambourahmetals 0.125 0% -11% 2% $10,782,246 TMS Tennant Minerals Ltd 0.037 0% 32% 1% $29,617,903 AZY Antipa Minerals Ltd 0.014 0% -7% -1% $53,752,503 PXX Polarx Limited 0.007 0% 0% -1% $11,477,317 TRE Toubaniresourcesinc 0.15 7% 30% -1% $18,741,193 AUN Aurumin 0.022 -8% -8% -4% $7,005,748 GPR Geopacific Resources 0.021 5% 17% -1% $14,790,913 FXG Felix Gold Limited 0.042 -14% -14% -8% $4,985,669 ILT Iltani Resources Lim 0.14 0% 4% 0% $4,761,471 ARD Argent Minerals 0.011 0% 38% 0% $12,968,793

WordPress Tables Plugin

Best-performing goldies over the past week

The week’s biggest gains

Battery Minerals (ASX:BAT) +297% (Why’s BAT been pumping? Reubs knows. Read this.)

Manuka Resources (ASX:MKR) +85%

First Au (ASX:FAU) +50%

Koonenberry Gold (ASX:KNB) +46% (Visible gold sighted at Bellagio prospect, NSW. Read.)

Miramar Resources (ASX:M2R) +42%

A couple more things before we go, including this…

Imagine waking up, and the value of your currency was cut in half overnight.

This is the reality for the people of Argentina.

This is why you have some #gold. @DanielaCambone @Frank_Giustra pic.twitter.com/mza5GukUQB

— Gold Telegraph (@GoldTelegraph_) December 13, 2023

… and this… While you may well not be into Bitcoin (or do you have some “Gold 2.0” as a hedge?), we still found this interesting.

BREAKING NEWS : JP Morgan has tripled its internal crypto team, all while its CEO bashes #Bitcoin , stating he would “ban crypto and bitcoin if he ran the government.”

This is the exact move JP Morgan used with the Gold Spot ETF to short the market.

— Jason A. Williams (@GoingParabolic) December 13, 2023

The post Gold Digger: ‘Old relic chases the sun’ as RSI and other technicals shine appeared first on Stockhead.