ANZ analysts believe ’emerging’ central banks could buy over 600t of gold annually until 2030
Citi isn’t totally ruling out a US$3,000 gold price in next 12-18 months
US gold mining giant Newmont divests six gold mines and two other gold projects
As we round out another week of up and down prices, blurting out things in our sleep like “FOMC MINUTES!” and EBITDA!”, and wondering whether to put down that underperforming lithium stock rabidly foaming in the barn so we can buy bulk crypto sh*tcoins instead… we turn to the price of ye Old Yeller.
Good ol’ faithful gold, that is.
(By the way, does 1957 film Old Yeller make you gently weep just even thinking about it and reading its premise on Wikipedia? No… er, no, me neither…)
Slightly hawkish “FOMC MINUTES!” now actually released into the wild, what’s doin’ for the price of the precious yellow one after the Fed expressed it wants to see a tad more progress on inflation taming before the interest-rate cutting predicted in H2?
At the time of key tapping and thinking about a golden ale, it’s changing hands for roughly US$2,029, and $3,088 in Aussie dollars.
Gold and other precious metals initially traded a bit weaker on the Fedspeak this week, but have since consolidated to a comfortable cruise-control, sideways-ranging position once again.
There’s not much else to say about that, so quick, let’s find us some analysis from some soothsaying banker types…
ANZ forsees more central bank buying
According to notes from strategists at major Aussie bank ANZ doing the rounds this week, central bank buying has been the most influential factor shaping the gold market over the past couple of years, and that narrative is only set to continue for the foreseeable.
Well, at least the next six years, anyway.
As noted by the World Gold Council, Kitco and anyone else keeping a close eye on this recently, central bank global reserves have risen by more than 1,000 tonnes in both 2022 and 2023, with China in particular, diving in head first.
Adding to that, ANZ’s commodity stategists noted that over that time central bank gold purchasing, positioned as a share in global demand, has tripled – representing between 25% in 2022 and 30% in 2023.
“EM [emerging market] central banks could purchase over 600 tonnes of gold annually until 2030, to take its share in their foreign reserves to 10%. China will likely occupy the lion’s share in global official gold demand,” the ANZ analysts said.
Did you know? Not a single ounce of gold leaves China. They’re building a fortress of wealth for what’s coming. pic.twitter.com/OE2cunuy4K
— GoldSilver HQ (@GoldSilverHQ) February 22, 2024
Factors for buying? Ah you know already.
Rising geopolitical uncertainty chestnut? Check. Growing economic risks and continued inflation pressures? Double check.
But ANZ’s experts also highlighted that governments and their central banks may also just be attempting to diversify their bond holdings.
“Global central banks are diversifying foreign reserves and accumulating gold to hedge against geopolitical risks and economic uncertainties,” said the bank bods, adding:
“Depleted trust in the US fixed income assets and the rise of non-reserve currencies are other themes that could support central bank gold buying.”
Chinese gold demand soars in Jan 2024, setting records in wholesale demand & ETF assets, driven by the strong RMB & safe-haven demand amid weak local assets. #Gold withdrawals from Shanghai Gold Exchange hit 271 tons, reflecting robust demand ahead of the Chinese New Year.… pic.twitter.com/gyEej0kFx6
— Lavrion Mining (@LavrionMining) February 20, 2024
And in other gold-related news
• As Kitco reports, Another major bank, Citi, thinks a US$3,000 gold price is not completely out of the question in the next 12 to 18 months. No, it’s not its base case, which is far more modest, around $2,150, but if absolutely everything lines up, including high central bank demand, “rapid de-dollerization” and the now more unlikely deep global recession, then… well, gold bugs might just be frothing at the mouth with excitement.
“‘The most likely wildcard path to $3,000/oz gold is a rapid acceleration of de-dollarization,” says Aakash Doshi from Citi. pic.twitter.com/HH3o4CRKMM
— GoldSilver HQ (@GoldSilverHQ) February 22, 2024
• American gold mining giant Newmont has announced it plans to divest six gold mines and two gold projects. And two are in Western Australia.
On that list are the Canadian mines Éléonore, Musselwhite and Porcupine; Cripple Creek and Victor mine in the US, the Akyem mine in Ghana and the Telfer mine in WA, which came with Newmont’s acquisition of Newcrest late last year.
Newmont will also divest its 70 per cent stake in the Havieron project in WA, also gained from Newcrest. Greatland Gold owns the remaining 30 per cent.
Newmont considers these divestments “non-core assets” and plans to generate US$2 billion to boost cash reserves.
• Meanwhile, did you catch this? Donald Trump has launched a line of butt ugly gold-coloured sneakers for US$199 a pair… quickly selling out. At least they weren’t more of his crappy, stolen-artwork NFTs.
President Donald Trump launched a line of sneakers
The collection includes high tops in gold with a “Never Surrender” design priced at $399, as well as red “T – Red Wave” and white “POTUS 45” laceless athletic shoes with a “T” and the number 45, priced at $199 each pic.twitter.com/NcQKFqTz1r
— Unlimited L’s (@unlimited_ls) February 17, 2024
If gold fan Trump actually gets back into the White House, it’ll be very interesting to see how gold performs. Upon his election the first time round, the yellow metal initially did very well, before performing particularly poorly for the rest of his time in office.
Winners & Losers
Here’s how ASX-listed precious metals stocks are performing, circa midday Feb 23:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.
Stocks missing from this list? Quite possibly. Please immediately email [email protected]
Code Company Price % Week % Month % Year Market Cap MRR Minrex Resources Ltd 0.012 0% -20% -6364% $14,103,278 NPM Newpeak Metals 0.014 0% -26% -8600% $1,299,373 ASO Aston Minerals Ltd 0.014 -18% -30% -8586% $22,016,093 MTC Metalstech Ltd 0.145 -12% -34% -6947% $31,177,507 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 GED Golden Deeps 0.04 5% 0% -5556% $4,736,416 G88 Golden Mile Res Ltd 0.011 -15% -27% -5061% $5,345,897 DCX Discovex Res Ltd 0.002 0% 33% -5000% $6,605,136 NMR Native Mineral Res 0.022 5% -8% -6857% $4,195,010 AQX Alice Queen Ltd 0.0055 -8% -8% -6792% $4,145,905 SLZ Sultan Resources Ltd 0.014 0% -16% -7262% $2,074,661 MKG Mako Gold 0.012 -14% 33% -7000% $9,312,098 KSN Kingston Resources 0.077 1% 9% -2300% $36,849,176 AMI Aurelia Metals Ltd 0.1175 7% 20% 711% $202,772,088 PNX PNX Metals Limited 0.006 -8% 50% 10000% $32,283,748 GIB Gibb River Diamonds 0.032 -3% 7% -4182% $7,191,321 KCN Kingsgate Consolid. 1.205 -4% 0% -2046% $309,302,030 TMX Terrain Minerals 0.0045 13% -10% -2500% $6,442,518 BNR Bulletin Res Ltd 0.077 -6% -15% -3000% $22,608,226 NXM Nexus Minerals Ltd 0.034 0% -23% -8033% $12,838,984 SKY SKY Metals Ltd 0.044 22% 22% -1373% $19,840,118 LM8 Lunnonmetalslimited 0.215 -4% -38% -7688% $46,834,791 CST Castile Resources 0.075 -5% -11% -2188% $18,142,682 YRL Yandal Resources 0.105 -5% 25% 1413% $27,923,183 FAU First Au Ltd 0.003 0% 0% -2500% $4,985,980 ARL Ardea Resources Ltd 0.44 14% 6% -3016% $98,508,458 GWR GWR Group Ltd 0.095 9% 13% 6102% $30,515,582 IVR Investigator Res Ltd 0.034 0% 0% -1282% $55,435,785 GTR Gti Energy Ltd 0.009 -5% -18% -2374% $19,474,497 IPT Impact Minerals 0.012 14% 0% 2632% $34,376,447 BNZ Benzmining 0.13 -4% -35% -7045% $14,469,777 MOH Moho Resources 0.006 0% -40% -6471% $3,235,069 BCM Brazilian Critical 0.022 -8% -12% -8581% $17,019,007 PUA Peak Minerals Ltd 0.0025 -17% -17% -5000% $2,603,442 MRZ Mont Royal Resources 0.093 0% -15% -5105% $7,907,771 SMS Starmineralslimited 0.038 6% 3% -4571% $2,885,066 MVL Marvel Gold Limited 0.01 0% -9% -5238% $8,637,907 PRX Prodigy Gold NL 0.0035 -56% -42% -7083% $7,004,431 AAU Antilles Gold Ltd 0.022 0% 5% -3529% $18,884,459 CWX Carawine Resources 0.099 3% -6% 53% $23,376,419 RND Rand Mining Ltd 1.205 -5% -12% -1140% $68,535,533 CAZ Cazaly Resources 0.02 -5% -9% -3103% $9,547,363 BMR Ballymore Resources 0.1 -9% -33% -3939% $17,633,059 DRE Dreadnought Resources Ltd 0.019 -5% -24% -7865% $66,149,886 ZNC Zenith Minerals Ltd 0.094 -10% -43% -5913% $33,123,803 REZ Resourc & En Grp Ltd 0.01 -9% -23% -1667% $4,998,058 LEX Lefroy Exploration 0.12 -17% -20% -4725% $26,964,535 ERM Emmerson Resources 0.051 6% -2% -3289% $28,869,619 AM7 Arcadia Minerals 0.07 6% 0% -6818% $7,306,357 ADT Adriatic Metals 3.07 -6% -11% -495% $768,506,676 AS1 Asara Resources Ltd 0.01 0% -17% -6667% $7,927,309 CYL Catalyst Metals 0.465 -12% -30% -6504% $103,474,046 CHN Chalice Mining Ltd 0.9975 -8% -2% -8394% $394,797,754 KAL Kalgoorliegoldmining 0.021 -5% -25% -7529% $3,487,016 MLS Metals Australia 0.03 3% -12% -3878% $18,721,086 ADN Andromeda Metals Ltd 0.023 0% -4% -4773% $71,536,231 MEI Meteoric Resources 0.1775 1% -11% 4792% $378,122,771 SRN Surefire Rescs NL 0.011 -8% 22% -2143% $23,557,894 SIH Sihayo Gold Limited 0.0015 50% -25% 5000% $18,306,384 WA8 Warriedarresourltd 0.029 -9% -41% -8242% $17,586,436 HMX Hammer Metals Ltd 0.045 -13% 7% -3478% $39,888,331 WCN White Cliff Min Ltd 0.0145 4% -9% 2083% $20,037,890 AVM Advance Metals Ltd 0.04 29% 11% -7778% $1,603,398 WRM White Rock Min Ltd 0.063 0% 0% 328% $17,508,200 ASR Asra Minerals Ltd 0.0055 -8% -15% -6071% $8,265,812 MCT Metalicity Limited 0.002 0% 0% -3333% $8,970,108 AME Alto Metals Limited 0.029 4% -17% -5857% $20,924,172 CTO Citigold Corp Ltd 0.004 0% -20% -2000% $12,000,000 TIE Tietto Minerals 0.615 0% 2% -1022% $689,233,175 SMI Santana Minerals Ltd 1.125 -9% -13% 4063% $196,503,816 M2R Miramar 0.018 0% -25% -7367% $2,828,521 MHC Manhattan Corp Ltd 0.003 0% -33% -5000% $8,810,939 GRL Godolphin Resources 0.04 3% 0% -4569% $7,277,407 SVG Savannah Goldfields 0.03 -3% -21% -8369% $8,189,455 EMC Everest Metals Corp 0.08 5% 1% -698% $13,142,649 GUL Gullewa Limited 0.056 0% 2% 769% $11,467,294 CY5 Cygnus Metals Ltd 0.06 -14% -35% -8000% $18,659,785 G50 Gold50Limited 0.085 -6% -29% -6222% $9,508,230 ADV Ardiden Ltd 0.15 -9% -9% -5017% $9,690,213 AAR Astral Resources NL 0.062 -3% -6% -1842% $49,172,047 VMC Venus Metals Cor Ltd 0.096 -4% -2% 1794% $18,213,954 NAE New Age Exploration 0.004 0% -20% -3333% $7,175,596 VKA Viking Mines Ltd 0.011 -8% -15% 0% $11,277,843 LCL LCL Resources Ltd 0.01 0% -23% -7179% $10,029,868 MTH Mithril Resources 0.002 0% 0% -3333% $6,737,609 ADG Adelong Gold Limited 0.005 11% 0% -4444% $3,498,278 RMX Red Mount Min Ltd 0.002 0% -33% -6000% $6,683,940 PRS Prospech Limited 0.031 0% -28% 2890% $8,914,908 TTM Titan Minerals 0.023 21% 0% -5982% $39,004,464 NML Navarre Minerals Ltd 0.019 0% 0% -4722% $28,555,654 MZZ Matador Mining Ltd 0.039 8% 8% -5412% $18,887,799 KZR Kalamazoo Resources 0.095 -21% 0% -4242% $16,781,140 BCN Beacon Minerals 0.0215 -7% -10% -2586% $86,405,668 MAU Magnetic Resources 0.98 0% 13% 4000% $239,773,915 BC8 Black Cat Syndicate 0.195 0% -11% -4935% $59,666,418 EM2 Eagle Mountain 0.062 2% -16% -6956% $18,602,979 EMR Emerald Res NL 2.85 -7% -10% 9930% $1,802,328,457 BYH Bryah Resources Ltd 0.009 -10% -31% -5857% $3,468,858 HCH Hot Chili Ltd 1.11 7% 12% 2542% $132,584,179 WAF West African Res Ltd 0.8425 0% -10% -792% $877,687,905 MEU Marmota Limited 0.047 -4% 4% 682% $48,704,826 NVA Nova Minerals Ltd 0.265 2% -20% -5268% $55,885,866 SVL Silver Mines Limited 0.135 0% -4% -690% $204,902,796 PGD Peregrine Gold 0.235 -6% -20% -4472% $18,246,174 ICL Iceni Gold 0.032 -16% -35% -6735% $8,629,637 FG1 Flynngold 0.05 -9% -15% -4048% $8,042,905 WWI West Wits Mining Ltd 0.014 17% 22% 1667% $31,595,091 RML Resolution Minerals 0.004 33% 33% -4286% $5,039,987 AAJ Aruma Resources Ltd 0.015 0% -40% -7761% $2,953,373 AL8 Alderan Resource Ltd 0.005 25% 11% -2857% $4,980,876 GMN Gold Mountain Ltd 0.005 0% 25% 0% $11,389,393 MEG Megado Minerals Ltd 0.014 0% -36% -7358% $3,307,922 HMG Hamelingoldlimited 0.075 -5% 0% -2500% $11,340,000 TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243 BM8 Battery Age Minerals 0.165 18% -11% -6857% $15,140,452 TBR Tribune Res Ltd 2.91 0% -3% -1733% $153,731,466 FML Focus Minerals Ltd 0.165 6% -3% 0% $45,849,383 GSR Greenstone Resources 0.008 0% 0% -6667% $10,944,908 VRC Volt Resources Ltd 0.007 40% 0% -4615% $24,780,640 ARV Artemis Resources 0.016 -11% -6% -1111% $27,059,138 HRN Horizon Gold Ltd 0.26 -5% -13% -1810% $37,658,380 CLA Celsius Resource Ltd 0.0115 5% -4% -3611% $24,706,568 QML Qmines Limited 0.065 -16% -13% -6286% $15,509,497 RDN Raiden Resources Ltd 0.023 -12% -12% 38421% $63,758,043 TCG Turaco Gold Limited 0.11 -12% -12% 7188% $67,630,222 KCC Kincora Copper 0.035 13% -13% -5000% $6,936,177 GBZ GBM Rsources Ltd 0.008 0% 0% -7714% $7,128,625 DTM Dart Mining NL 0.013 0% -7% -6787% $2,958,535 MKR Manuka Resources. 0.074 4% 3% -1084% $46,773,712 AUC Ausgold Limited 0.024 -4% -11% -5000% $55,107,389 ANX Anax Metals Ltd 0.019 0% -17% -7361% $10,306,511 EMU EMU NL 0.001 0% 0% -7500% $2,024,771 SFM Santa Fe Minerals 0.045 0% 5% -4000% $3,276,846 SSR SSR Mining Inc. 6.73 -3% -55% -6610% $36,977,917 PNR Pantoro Limited 0.042 -2% -2% -3115% $223,773,312 CMM Capricorn Metals 4.41 4% 2% 1484% $1,679,554,738 X64 Ten Sixty Four Ltd 0.57 0% 0% 0% $130,184,182 SI6 SI6 Metals Limited 0.005 11% 0% 0% $8,972,367 HAW Hawthorn Resources 0.083 1% -15% -1700% $25,796,202 BGD Bartongoldholdings 0.27 8% 8% 2000% $48,162,584 SVY Stavely Minerals Ltd 0.03 0% -17% -8750% $11,840,143 AGC AGC Ltd 0.088 16% 31% 4915% $17,777,778 RGL Riversgold 0.009 13% 0% -5909% $9,676,615 TSO Tesoro Gold Ltd 0.023 5% -8% -1786% $29,509,937 GUE Global Uranium 0.125 -7% -19% -2188% $27,587,166 CPM Coopermetalslimited 0.26 -13% -4% -1186% $17,697,804 MM8 Medallion Metals. 0.059 5% 2% -5690% $18,151,447 FFM Firefly Metals Ltd 0.5075 0% 0% -1748% $184,974,063 CBY Canterbury Resources 0.031 3% 3% -2439% $5,323,968 LYN Lycaonresources 0.19 19% -7% -2245% $8,370,688 SFR Sandfire Resources 7.31 4% 11% 1548% $3,482,282,118 TMZ Thomson Res Ltd 0.005 0% 0% -1667% $4,881,018 TAM Tanami Gold NL 0.029 -3% -15% -1714% $34,077,814 WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031 NWM Norwest Minerals 0.032 0% 28% -3043% $9,522,794 ALK Alkane Resources Ltd 0.4875 -7% -12% -2323% $292,667,099 BMO Bastion Minerals 0.01 0% -41% -7500% $3,114,441 IDA Indiana Resources 0.076 -8% -3% 3571% $46,758,017 GSM Golden State Mining 0.011 0% 10% -7250% $3,073,077 NSM Northstaw 0.036 -25% -10% -7904% $5,595,031 GSN Great Southern 0.019 -5% 6% -1739% $14,338,069 RED Red 5 Limited 0.31 0% 5% 7714% $1,039,140,165 DEG De Grey Mining 1.2575 5% 7% -616% $2,332,594,562 THR Thor Energy PLC 0.026 -7% -28% -5667% $4,830,075 CDR Codrus Minerals Ltd 0.043 -12% -23% -6091% $3,880,275 MDI Middle Island Res 0.015 -6% -12% -6823% $3,264,810 WTM Waratah Minerals Ltd 0.08 -11% 0% -3333% $12,397,253 POL Polymetals Resources 0.295 11% 4% 5946% $40,980,630 RDS Redstone Resources 0.004 0% -20% -6000% $3,701,514 NAG Nagambie Resources 0.025 0% -11% -5690% $20,712,528 BGL Bellevue Gold Ltd 1.4325 8% -2% 4113% $1,713,032,393 GBR Greatbould Resources 0.059 -3% -6% -2389% $35,921,232 KAI Kairos Minerals Ltd 0.0125 -4% -4% -3125% $34,071,858 KAU Kaiser Reef 0.135 0% 0% -2059% $23,946,145 HRZ Horizon 0.031 -9% -16% -4655% $22,431,478 CAI Calidus Resources 0.1475 -2% -27% -3723% $98,020,345 CDT Castle Minerals 0.006 -14% -14% -7391% $7,959,204 RSG Resolute Mining 0.3425 -1% -14% 4271% $723,877,004 MXR Maximus Resources 0.031 -14% -11% -1143% $9,949,319 EVN Evolution Mining Ltd 2.955 -1% -6% 554% $5,997,350,829 CXU Cauldron Energy Ltd 0.037 -29% -12% 36921% $46,064,347 DLI Delta Lithium 0.3 11% 13% -2581% $224,223,187 ALY Alchemy Resource Ltd 0.008 -11% -11% -5000% $9,424,610 HXG Hexagon Energy 0.013 8% 30% -2353% $6,667,907 OBM Ora Banda Mining Ltd 0.245 2% 17% 12273% $418,217,935 SLR Silver Lake Resource 1.015 -1% -14% -514% $944,091,776 AVW Avira Resources Ltd 0.0015 -25% -25% -4000% $3,200,685 LCY Legacy Iron Ore 0.015 -6% -17% 0% $96,102,393 PDI Predictive Disc Ltd 0.18 -12% -3% 909% $384,105,156 MAT Matsa Resources 0.026 -7% -4% -3333% $13,407,073 ZAG Zuleika Gold Ltd 0.019 -10% -5% 2667% $14,721,710 GML Gateway Mining 0.027 17% 8% -4490% $9,327,404 SBM St Barbara Limited 0.15 -3% -14% -3955% $122,695,557 SBR Sabre Resources 0.02 -5% -23% -4118% $7,859,501 STK Strickland Metals 0.081 -2% -26% 10769% $141,127,419 ION Iondrive Limited 0.01 0% -9% -5455% $4,862,853 CEL Challenger Gold Ltd 0.076 -6% 10% -4473% $97,109,965 LRL Labyrinth Resources 0.005 -17% -17% -7272% $5,937,719 NST Northern Star 12.72 0% 3% 1955% $15,008,827,775 OZM Ozaurum Resources 0.073 -1% -16% 2586% $11,747,500 TG1 Techgen Metals Ltd 0.04 -9% -22% -5000% $5,339,568 XAM Xanadu Mines Ltd 0.038 -12% -27% 2667% $71,434,469 AQI Alicanto Min Ltd 0.024 -4% -37% -5102% $14,152,747 KTA Krakatoa Resources 0.014 -13% -30% -6410% $7,081,608 ARN Aldoro Resources 0.09 -10% 10% -5263% $12,923,879 WGX Westgold Resources. 1.8675 -2% -7% 9154% $911,723,755 MBK Metal Bank Ltd 0.018 -10% -25% -1709% $6,637,808 A8G Australasian Metals 0.08 -24% -47% -5294% $4,482,362 TAR Taruga Minerals 0.008 -11% 0% -5294% $5,648,214 DTR Dateline Resources 0.012 0% 9% -5385% $15,954,674 GOR Gold Road Res Ltd 1.4325 2% -14% 17% $1,514,969,798 S2R S2 Resources 0.135 -7% -4% -357% $61,135,829 NES Nelson Resources. 0.004 -20% 0% -4286% $2,454,377 TLM Talisman Mining 0.18 0% -23% 1613% $33,897,663 BEZ Besragoldinc 0.16 3% 23% 25556% $64,805,640 PRU Perseus Mining Ltd 1.6775 0% -7% -1124% $2,321,323,086 SPQ Superior Resources 0.009 -10% -47% -8571% $18,010,984 PUR Pursuit Minerals 0.005 0% -29% -8077% $14,719,857 RMS Ramelius Resources 1.37 -8% -11% 5222% $1,608,232,230 PKO Peako Limited 0.004 33% 0% -6923% $1,581,254 ICG Inca Minerals Ltd 0.006 0% -30% -6992% $3,526,958 A1G African Gold Ltd. 0.035 6% -13% -5882% $5,925,892 OAU Ora Gold Limited 0.005 -17% -29% 6667% $31,570,005 GNM Great Northern 0.018 6% -10% -6571% $2,628,694 KRM Kingsrose Mining Ltd 0.033 0% -8% -5000% $25,585,902 BTR Brightstar Resources 0.013 -7% -7% -2778% $29,629,736 RRL Regis Resources 1.8125 -8% -13% -203% $1,431,367,041 M24 Mamba Exploration 0.034 10% -38% -8111% $5,890,633 TRM Truscott Mining Corp 0.05 0% 0% -6552% $8,668,353 TNC True North Copper 0.092 7% 35% 7358% $33,992,722 MOM Moab Minerals Ltd 0.007 0% 0% -1250% $4,983,744 KNB Koonenberrygold 0.02 -47% -75% -7590% $3,233,225 AWJ Auric Mining 0.125 9% 4% 18409% $15,048,853 AZS Azure Minerals 3.515 -3% -4% 101587% $1,596,204,921 ENR Encounter Resources 0.24 -6% -9% 7143% $98,551,441 SNG Siren Gold 0.058 4% -15% -5360% $9,331,338 STN Saturn Metals 0.145 -12% -26% -645% $33,518,851 USL Unico Silver Limited 0.092 0% -16% -2923% $26,940,695 PNM Pacific Nickel Mines 0.038 -16% -32% -4571% $15,893,618 AYM Australia United Min 0.003 0% 50% 0% $5,527,732 ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441 HAV Havilah Resources 0.145 -6% -9% -5797% $47,495,882 SPR Spartan Resources 0.4675 -7% 17% 17958% $468,176,876 PNT Panthermetalsltd 0.04 -18% -33% -7771% $4,096,810 MEK Meeka Metals Limited 0.033 -11% -13% -2667% $41,980,104 GMD Genesis Minerals 1.5625 4% -3% 5319% $1,744,368,046 PGO Pacgold 0.135 -10% -27% -6582% $11,149,271 FEG Far East Gold 0.135 0% 0% -6029% $24,381,838 MI6 Minerals260Limited 0.175 17% -20% -3860% $43,290,000 IGO IGO Limited 7.235 5% 3% -4536% $5,543,200,391 GAL Galileo Mining Ltd 0.24 4% 9% -6962% $47,429,982 RXL Rox Resources 0.1525 -8% -2% 167% $57,249,910 KIN KIN Min NL 0.059 -9% -5% 1346% $73,045,334 CLZ Classic Min Ltd 0.001 0% 0% -6667% $12,357,085 TGM Theta Gold Mines Ltd 0.135 0% 29% 11429% $96,057,878 FAL Falconmetalsltd 0.105 -13% -13% -7000% $18,585,000 SXG Southern Cross Gold 1.235 12% 31% 8855% $115,271,197 SPD Southernpalladium 0.42 0% 31% -3000% $17,662,114 ORN Orion Minerals Ltd 0.013 -7% -7% -2121% $81,847,986 TMB Tambourahmetals 0.091 8% 0% -1333% $7,381,691 TMS Tennant Minerals Ltd 0.03 -3% 0% -1176% $22,935,398 AZY Antipa Minerals Ltd 0.011 -8% -27% -4211% $49,617,695 PXX Polarx Limited 0.014 0% 0% 1667% $22,954,635 TRE Toubani Res Ltd 0.12 4% -4% -3684% $16,063,880 AUN Aurumin 0.034 -3% 10% -3704% $12,187,065 GPR Geopacific Resources 0.016 0% 3% -804% $13,147,478 FXG Felix Gold Limited 0.034 -8% -24% -7167% $7,045,314 ILT Iltani Resources Lim 0.155 -3% -18% $5,271,628 ARD Argent Minerals 0.009 0% 0% -4000% $11,625,831
More, from around the gilt edges…
… of Elon Musk’s social platform.
“Over the long haul, I’m very bullish gold. I think gold will make new highs this year.” @Bubba_Trading explains his stance on gold and where he sees it headed.
Interview up TOMORROW.#gold #goldprice #preciousmetals pic.twitter.com/bn2ksaAoFq
— Jesse Day (@jessebday) February 20, 2024
The United States is projected to spend $870 billion in interest on the national debt this year.
This is more than the defence budget.
Stanley Druckenmiller warned about this and is now buying the world’s largest gold miners.
It’s interesting how the pieces are connecting.
— Gold Telegraph (@GoldTelegraph_) February 20, 2024
Weekly gold drilling highlights pic.twitter.com/HgZelR1EwK
— MinerDeck (@MinerDeck) February 20, 2024
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