Gold has pulled back from very recent highs after the latest ‘sticky’ US inflation figures
But… the price action in general looks pretty solid from where we’re sitting, and so does the TA
Leading ASX goldies this week include: BMR, BMO, GSM
What’s happening in the world near and far pertaining to gold on Friday March 8? Let’s take a quick squizz.
The latest inflation report has come in a bit… “ewww”… warm and sticky.
The latest US Producer Price Index (PPI) has shown that wholesale inflation in the US jumped 0.6% in February – quite a bit more than expected, unfortunately. This also followed a stronger-than-anticipated CPI (Consumer Price Index) report earlier in the week.
The PPI report is the final bit of information of note for inflation watchers before the US Fed’s upcoming policy meet next week.
It’s put a pin in the hopes of an early rate cut, which means resignation that Jerome Powell and pals probably won’t be slicing and dicing until June at the absolute earliest, and maybe even later than that.
Hence a potential dip of note being touted from analysts for gold, equities and crypto, while traders’ bottom lips wobble as they come to terms with having to ride out sideways/choppy action a while longer yet.
That said, where does this actually leave gold for now? Okay, granted lower than several hours ago, when it was flying high at US$2,175 an ounce (and earlier this week up around $2,195), but it’s still about on par, or even a touch higher than this time last week.
Not too bad at all, then, although gold traders will probably be keeping one eye on what currently looks like a bit of a recovery for the US dollar over the past 24 hours.
At last check, spot gold pricing was trading around US$2,165, while the precious yellow commodity was changing hands for a handy $3,301 Aussie bucks.
In the meantime, while gold remains far less volatile in comparison, as you’d expect, the store-of-value contender Bitcoin (BTC) has retraced significantly today – falling from its ATH up above US$73k a few days ago to its more meme-friendly figure of roughly $69k… actually about another $1,000 below that now.
Professional gold bug and Bitcoin booter Peter Schiff will be delighted.
Bitcoin related publications are falsely claiming that I’ve changed my position on #Bitcoin because I admitted I wished I had bought some back in 2010. I think everyone wished they bough Bitcoin in 2010. Even those who did wish they bought more. If I had bought then I’d sell now.
— Peter Schiff (@PeterSchiff) March 14, 2024
A gold pennant, suggests technical analysts
Some second-hand technical analysis for you from the US TA gurus over at DailyFX.com.
They say that the period of consolidation gold appears to be forming, “is starting to look like a new bullish pennant formation, although it will need another couple of candles to see if this plays out.
“If this pattern is formed, gold is likely to push further ahead and make a fresh record high. Support is seen at $2,148/oz, ahead of $2,128/oz.”
Here’s their chart, courtesy of Trading View, with said pennant pattern top right.
Source: DailyFX.com; Trading View
A pennant in technical analysis, by the way, can suggest a continuation pattern, and is formed after a large movement upwards, forming the flagpole. You can see that on the chart above, and just how impressive gold’s March has been to this little period of consolidation.
Quite often, a pennant like the one above, is followed by another breakout move in the same direction as the one preceding. We’ll see.
Big banks are leaning positive, too
Supporting that positive TA, we’ve also seen very recently two big Aussie banks projecting a strong outlook for the yellow metal.
As Josh notes in his Monsters of Rock column, ANZ has this week joined Commonwealth Bank in “ratcheting up forecasts [from US$2,200] projecting prices to hit US$2,300/oz by the year’s end”.
Interestingly, ANZ’s TA for gold short term isn’t reading as strongly as DailyFX’s, above, but certainly the long-term view is positive.
“Central banks purchased 39t of gold in January, setting a strong base for demand. Heightened political and geopolitical risks will keep the backdrop conducive for official purchases in the 750–800t range,” said the bank’s commodity analysts.
We won’t steal that thunder any more than is necessary, so read the full article > here for more, in which Bellevue Gold (ASX:BGL); Gold Road (ASX:GOR); Capricorn Metals (ASX:CMM); Calidus Resources (ASX:CAI); West African Resources (ASX:WAF) and Alkane Resources (ASX:ALK) all receive a mention for various news items.
ASX Winners & Losers
Here’s how ASX-listed precious metals stocks are performing, circa 3pm March 8:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.
Stocks missing from this list? Please email [email protected]
Code Company Price % Week % Month % Year Market Cap MRR Minrex Resources Ltd 0.0135 -4% 13% -50% $14,645,711 NPM Newpeak Metals 0.01 -9% -23% -90% $1,099,469 ASO Aston Minerals Ltd 0.0145 -9% -28% -86% $19,425,964 MTC Metalstech Ltd 0.17 0% 3% -59% $33,067,053 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 GED Golden Deeps 0.046 15% 15% -43% $5,314,028 G88 Golden Mile Res Ltd 0.012 9% -8% -25% $4,934,674 DCX Discovex Res Ltd 0.002 0% 0% -33% $6,605,136 NMR Native Mineral Res 0.021 -16% 0% -68% $4,404,761 AQX Alice Queen Ltd 0.005 0% -17% -81% $3,454,921 SLZ Sultan Resources Ltd 0.014 -46% 0% -74% $2,319,888 MKG Mako Gold 0.014 -7% -22% -65% $11,712,098 KSN Kingston Resources 0.08 -2% 4% -2% $40,832,870 AMI Aurelia Metals Ltd 0.14 0% 27% 53% $245,016,274 PNX PNX Metals Limited 0.006 0% 20% 140% $29,593,436 GIB Gibb River Diamonds 0.027 -4% -10% -51% $5,710,755 KCN Kingsgate Consolid. 1.33 -4% 13% -16% $350,542,301 TMX Terrain Minerals 0.004 0% -20% -20% $5,726,683 BNR Bulletin Res Ltd 0.077 8% -5% -15% $22,608,226 NXM Nexus Minerals Ltd 0.044 7% 26% -74% $17,896,766 SKY SKY Metals Ltd 0.033 -18% -13% -28% $15,687,535 LM8 Lunnonmetalslimited 0.27 6% 8% -72% $64,261,690 CST Castile Resources 0.079 10% 0% -14% $19,110,292 YRL Yandal Resources 0.1 -17% -9% 8% $25,441,723 FAU First Au Ltd 0.002 -33% -33% -33% $3,323,987 ARL Ardea Resources Ltd 0.665 22% 64% 40% $130,031,164 GWR GWR Group Ltd 0.105 11% 21% 24% $33,727,749 IVR Investigator Res Ltd 0.042 5% 20% 2% $66,522,942 GTR Gti Energy Ltd 0.008 0% -20% -19% $16,399,577 IPT Impact Minerals 0.015 0% 50% 67% $40,105,854 BNZ Benzmining 0.15 3% 11% -61% $14,466,137 MOH Moho Resources 0.006 0% 0% -68% $3,235,069 BCM Brazilian Critical 0.021 -16% -16% -82% $15,539,093 PUA Peak Minerals Ltd 0.002 -20% -33% -56% $2,082,753 MRZ Mont Royal Resources 0.07 9% -26% -63% $5,782,026 SMS Starmineralslimited 0.035 -8% -8% -48% $2,657,298 MVL Marvel Gold Limited 0.01 -9% 0% -44% $7,774,116 PRX Prodigy Gold NL 0.004 0% -33% -60% $7,004,431 AAU Antilles Gold Ltd 0.021 0% 5% -48% $18,866,074 CWX Carawine Resources 0.105 5% 9% 8% $24,793,172 RND Rand Mining Ltd 1.37 10% 7% 5% $77,920,067 CAZ Cazaly Resources 0.02 5% -9% -26% $8,638,090 BMR Ballymore Resources 0.125 28% 14% -11% $22,922,976 DRE Dreadnought Resources Ltd 0.018 -5% -14% -73% $62,668,313 ZNC Zenith Minerals Ltd 0.1 11% -17% -51% $35,238,088 REZ Resourc & En Grp Ltd 0.01 0% -9% -33% $4,998,058 LEX Lefroy Exploration 0.11 -4% -24% -49% $23,052,725 ERM Emmerson Resources 0.052 2% 4% -28% $28,324,909 AM7 Arcadia Minerals 0.07 0% 6% -67% $7,633,507 ADT Adriatic Metals 3.72 7% 13% 5% $940,154,804 AS1 Asara Resources Ltd 0.009 0% -18% -69% $8,720,040 CYL Catalyst Metals 0.63 4% 19% -44% $150,807,918 CHN Chalice Mining Ltd 1.1425 -14% 6% -81% $466,755,965 KAL Kalgoorliegoldmining 0.025 9% 19% -58% $3,170,014 MLS Metals Australia 0.023 -12% -21% -44% $16,976,869 ADN Andromeda Metals Ltd 0.026 -13% 13% -41% $83,977,315 MEI Meteoric Resources 0.225 2% 25% 105% $467,678,164 SRN Surefire Rescs NL 0.011 0% -8% -39% $19,863,078 SIH Sihayo Gold Limited 0.0015 50% 0% -25% $18,306,384 WA8 Warriedarresourltd 0.045 10% 41% -70% $26,646,115 HMX Hammer Metals Ltd 0.037 0% -27% -33% $31,910,665 WCN White Cliff Min Ltd 0.015 0% 7% 50% $24,365,811 AVM Advance Metals Ltd 0.036 3% 0% -78% $1,443,058 WRM White Rock Min Ltd 0.063 0% 0% -7% $17,508,200 ASR Asra Minerals Ltd 0.005 0% -17% -58% $6,655,983 MCT Metalicity Limited 0.002 0% 0% 0% $8,970,108 AME Alto Metals Limited 0.029 -3% 4% -54% $21,645,695 CTO Citigold Corp Ltd 0.0045 13% -25% -10% $12,000,000 TIE Tietto Minerals 0.61 -1% -1% 5% $694,882,627 SMI Santana Minerals Ltd 1.28 -6% -2% 91% $234,737,591 M2R Miramar 0.015 -6% -25% -67% $2,233,043 MHC Manhattan Corp Ltd 0.003 0% 0% -50% $7,342,449 GRL Godolphin Resources 0.036 9% -10% -34% $6,092,713 SVG Savannah Goldfields 0.029 -3% -6% -82% $8,462,437 EMC Everest Metals Corp 0.08 4% 3% -6% $13,142,649 GUL Gullewa Limited 0.055 0% 0% -2% $11,262,521 CY5 Cygnus Metals Ltd 0.051 -18% -27% -84% $14,869,516 G50 Gold50Limited 0.096 25% 7% -58% $10,491,840 ADV Ardiden Ltd 0.15 3% -9% -50% $8,752,451 AAR Astral Resources NL 0.055 -5% -15% -21% $48,378,950 VMC Venus Metals Cor Ltd 0.09 -5% -10% 3% $17,075,581 NAE New Age Exploration 0.004 -20% 0% -33% $7,175,596 VKA Viking Mines Ltd 0.01 -9% -9% 0% $10,252,584 LCL LCL Resources Ltd 0.0125 14% 14% -58% $12,417,932 MTH Mithril Resources 0.002 0% 0% 0% $6,737,609 ADG Adelong Gold Limited 0.004 0% -20% -60% $3,521,956 RMX Red Mount Min Ltd 0.002 0% 0% -50% $5,347,152 PRS Prospech Limited 0.035 6% 13% 58% $9,455,205 TTM Titan Minerals 0.029 0% 45% -57% $45,787,849 NML Navarre Minerals Ltd 0.019 0% 0% -42% $28,555,654 MZZ Matador Mining Ltd 0.04 5% 11% -53% $20,986,443 KZR Kalamazoo Resources 0.093 9% -15% -36% $16,081,925 BCN Beacon Minerals 0.025 4% 14% -11% $93,919,204 MAU Magnetic Resources 0.9675 -12% 1% 34% $247,113,933 BC8 Black Cat Syndicate 0.215 -10% 5% -42% $72,257,018 EM2 Eagle Mountain 0.071 6% 16% -60% $22,567,548 EMR Emerald Res NL 2.94 -6% -6% 98% $1,990,309,505 BYH Bryah Resources Ltd 0.008 0% -20% -55% $3,483,628 HCH Hot Chili Ltd 1.02 2% -3% 15% $121,834,110 WAF West African Res Ltd 1.0225 -1% 23% 7% $1,031,707,065 MEU Marmota Limited 0.049 7% 4% 36% $53,998,829 NVA Nova Minerals Ltd 0.27 -5% 2% -39% $60,103,668 SVL Silver Mines Limited 0.155 3% 15% 0% $248,825,982 PGD Peregrine Gold 0.225 5% -10% -45% $15,543,037 ICL Iceni Gold 0.025 -19% -26% -72% $6,164,026 FG1 Flynngold 0.043 0% -17% -47% $7,058,059 WWI West Wits Mining Ltd 0.015 -12% 36% 15% $36,455,875 RML Resolution Minerals 0.003 0% 0% -40% $3,779,990 AAJ Aruma Resources Ltd 0.018 6% 6% -68% $3,347,156 AL8 Alderan Resource Ltd 0.004 -33% 33% -43% $4,980,876 GMN Gold Mountain Ltd 0.004 0% 0% 0% $9,111,514 MEG Megado Minerals Ltd 0.012 9% -20% -71% $2,799,011 HMG Hamelingoldlimited 0.074 3% -3% -14% $11,655,000 TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243 BM8 Battery Age Minerals 0.13 -10% -7% -64% $12,387,643 TBR Tribune Res Ltd 3.47 8% 18% 1% $179,440,823 FML Focus Minerals Ltd 0.17 -3% 6% -3% $48,714,970 GSR Greenstone Resources 0.007 0% 0% -65% $9,576,794 VRC Volt Resources Ltd 0.006 0% 20% -45% $22,715,587 ARV Artemis Resources 0.018 0% 13% 38% $30,441,531 HRN Horizon Gold Ltd 0.29 18% 5% -3% $42,003,578 CLA Celsius Resource Ltd 0.013 0% 18% -19% $29,198,672 QML Qmines Limited 0.072 18% -3% -56% $14,088,296 RDN Raiden Resources Ltd 0.024 -4% -8% 532% $63,758,043 TCG Turaco Gold Limited 0.16 10% 33% 158% $97,034,667 KCC Kincora Copper 0.035 13% 13% -51% $6,927,182 GBZ GBM Rsources Ltd 0.009 -10% 13% -72% $8,019,703 DTM Dart Mining NL 0.015 0% 15% -65% $3,413,694 MKR Manuka Resources. 0.077 4% 9% 18% $57,916,531 AUC Ausgold Limited 0.03 3% 15% -40% $71,180,377 ANX Anax Metals Ltd 0.02 0% 0% -71% $11,933,855 EMU EMU NL 0.001 0% 0% -50% $2,024,771 SFM Santa Fe Minerals 0.045 0% 0% -34% $3,276,846 SSR SSR Mining Inc. 6.05 -7% -14% -71% $31,478,700 PNR Pantoro Limited 0.055 10% 34% 2% $286,221,678 CMM Capricorn Metals 4.84 -7% 14% 8% $1,830,525,950 X64 Ten Sixty Four Ltd 0.57 0% 0% 0% $130,184,182 SI6 SI6 Metals Limited 0.004 0% 0% -33% $7,975,438 HAW Hawthorn Resources 0.071 -8% -14% -19% $24,791,155 BGD Bartongoldholdings 0.265 2% 8% 25% $55,042,953 SVY Stavely Minerals Ltd 0.031 -11% 3% -84% $12,985,963 AGC AGC Ltd 0.072 -9% -4% 41% $15,555,556 RGL Riversgold 0.008 -11% -11% -47% $7,741,292 TSO Tesoro Gold Ltd 0.032 10% 39% 10% $43,035,325 GUE Global Uranium 0.1 0% -23% -31% $27,668,899 CPM Coopermetalslimited 0.13 -59% -57% -40% $10,969,791 MM8 Medallion Metals. 0.057 4% 2% -44% $17,536,144 FFM Firefly Metals Ltd 0.58 5% 16% -12% $215,803,073 CBY Canterbury Resources 0.03 11% 11% -25% $5,152,227 LYN Lycaonresources 0.17 0% 6% -19% $6,388,156 SFR Sandfire Resources 8.34 4% 20% 50% $3,870,725,662 TMZ Thomson Res Ltd 0.005 0% 0% 0% $4,881,018 TAM Tanami Gold NL 0.032 0% 7% -11% $38,778,203 WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031 NWM Norwest Minerals 0.028 -13% 0% -18% $10,421,716 ALK Alkane Resources Ltd 0.61 4% 17% -8% $353,010,830 BMO Bastion Minerals 0.011 22% 0% -61% $3,114,441 IDA Indiana Resources 0.079 -4% -4% 58% $50,621,639 GSM Golden State Mining 0.012 20% 0% -68% $3,352,448 NSM Northstaw 0.038 9% -21% -71% $4,755,777 GSN Great Southern 0.023 -4% 21% 15% $17,356,609 RED Red 5 Limited 0.37 3% 21% 185% $1,264,287,200 DEG De Grey Mining 1.25 -6% 6% -13% $2,378,876,200 THR Thor Energy PLC 0.025 0% -4% -38% $4,604,303 CDR Codrus Minerals Ltd 0.04 -9% -18% -58% $3,880,275 MDI Middle Island Res 0.015 -12% -6% -65% $3,264,810 WTM Waratah Minerals Ltd 0.062 -2% -31% -48% $9,708,692 POL Polymetals Resources 0.23 -13% -8% -12% $40,192,541 RDS Redstone Resources 0.0045 -10% -10% -55% $4,164,203 NAG Nagambie Resources 0.015 -40% -38% -72% $11,949,535 BGL Bellevue Gold Ltd 1.695 8% 22% 42% $1,954,387,473 GBR Greatbould Resources 0.062 -3% 3% -38% $37,717,294 KAI Kairos Minerals Ltd 0.014 0% 8% -4% $36,692,771 KAU Kaiser Reef 0.13 -13% -4% -24% $23,090,926 HRZ Horizon 0.035 0% 0% -29% $24,534,429 CAI Calidus Resources 0.165 10% 14% -31% $101,086,600 CDT Castle Minerals 0.007 17% 0% -67% $8,571,451 RSG Resolute Mining 0.3675 -7% 7% 25% $787,748,505 MXR Maximus Resources 0.035 6% 6% 9% $11,233,102 EVN Evolution Mining Ltd 3.27 -1% 9% 16% $6,712,266,822 CXU Cauldron Energy Ltd 0.041 11% -20% 593% $48,488,787 DLI Delta Lithium 0.3275 2% 19% -8% $234,900,482 ALY Alchemy Resource Ltd 0.007 -13% -13% -53% $8,246,534 HXG Hexagon Energy 0.017 31% 21% 31% $8,206,654 OBM Ora Banda Mining Ltd 0.2575 -6% 10% 98% $470,188,282 SLR Silver Lake Resource 1.18 -3% 13% 7% $1,126,366,921 AVW Avira Resources Ltd 0.001 0% -50% -67% $2,133,790 LCY Legacy Iron Ore 0.015 -6% -6% -17% $115,703,224 PDI Predictive Disc Ltd 0.2375 6% 16% 36% $498,298,581 MAT Matsa Resources 0.028 -3% 4% -28% $13,885,897 ZAG Zuleika Gold Ltd 0.017 0% -19% 31% $12,513,454 GML Gateway Mining 0.027 -10% 13% -45% $9,327,404 SBM St Barbara Limited 0.1675 -7% 5% -34% $134,965,113 SBR Sabre Resources 0.019 12% -10% -34% $7,110,977 STK Strickland Metals 0.087 -3% 5% 142% $147,810,134 ION Iondrive Limited 0.009 0% -10% -54% $4,376,568 CEL Challenger Gold Ltd 0.078 1% -3% -29% $100,893,470 LRL Labyrinth Resources 0.005 -17% -17% -60% $5,937,719 NST Northern Star 13.595 -6% 6% 21% $16,100,587,835 OZM Ozaurum Resources 0.081 21% 9% 80% $13,176,250 TG1 Techgen Metals Ltd 0.029 -28% -24% -58% $4,068,242 XAM Xanadu Mines Ltd 0.051 21% 11% 59% $73,788,258 AQI Alicanto Min Ltd 0.03 0% 30% -38% $19,690,778 KTA Krakatoa Resources 0.01 -9% -41% -68% $4,721,072 ARN Aldoro Resources 0.082 -1% -18% -64% $10,769,899 WGX Westgold Resources. 2.29 -7% 23% 110% $1,184,056,825 MBK Metal Bank Ltd 0.022 -8% 0% -23% $8,590,104 A8G Australasian Metals 0.071 1% -32% -47% $3,752,676 TAR Taruga Minerals 0.007 0% -22% -56% $4,942,187 DTR Dateline Resources 0.014 17% 0% -26% $18,886,206 GOR Gold Road Res Ltd 1.5425 -7% 10% 1% $1,725,983,448 S2R S2 Resources 0.135 -16% -7% 4% $63,400,119 NES Nelson Resources. 0.003 -25% -40% -40% $1,840,783 TLM Talisman Mining 0.215 13% 23% 54% $33,897,663 BEZ Besragoldinc 0.1375 -5% -8% 244% $58,534,127 PRU Perseus Mining Ltd 2.02 -2% 23% -5% $2,884,484,308 SPQ Superior Resources 0.012 20% 20% -78% $24,014,645 PUR Pursuit Minerals 0.005 0% 0% -75% $14,719,857 RMS Ramelius Resources 1.5925 3% 7% 46% $1,820,599,094 PKO Peako Limited 0.006 50% 100% -40% $3,162,508 ICG Inca Minerals Ltd 0.006 0% 0% -71% $3,526,958 A1G African Gold Ltd. 0.035 -5% 0% -53% $5,925,892 OAU Ora Gold Limited 0.006 0% 9% 140% $34,440,005 GNM Great Northern 0.017 0% 0% -62% $2,628,694 KRM Kingsrose Mining Ltd 0.032 -11% -6% -48% $24,080,849 BTR Brightstar Resources 0.0165 3% 18% 3% $40,296,440 RRL Regis Resources 1.89 -6% -4% 6% $1,465,357,288 M24 Mamba Exploration 0.025 -11% -19% -78% $4,602,057 TRM Truscott Mining Corp 0.047 -6% -6% 12% $8,148,252 TNC True North Copper 0.076 -12% -3% 43% $34,252,183 MOM Moab Minerals Ltd 0.005 -29% -29% -29% $4,983,744 KNB Koonenberrygold 0.031 19% -18% -42% $4,544,478 AWJ Auric Mining 0.165 -6% 38% 259% $19,628,939 AZS Azure Minerals 3.62 1% 0% 1193% $1,660,420,062 ENR Encounter Resources 0.275 0% 6% 120% $106,596,457 SNG Siren Gold 0.059 7% 2% -41% $11,261,960 STN Saturn Metals 0.17 6% 3% 21% $36,923,284 USL Unico Silver Limited 0.115 10% 25% -18% $34,045,933 PNM Pacific Nickel Mines 0.04 -7% -5% -47% $16,730,124 AYM Australia United Min 0.003 0% 0% 0% $5,527,732 ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441 HAV Havilah Resources 0.155 11% 0% -52% $50,662,274 SPR Spartan Resources 0.635 5% 32% 505% $617,800,413 PNT Panthermetalsltd 0.038 12% -22% -63% $3,312,314 MEK Meeka Metals Limited 0.035 -3% -3% -19% $44,449,522 GMD Genesis Minerals 1.94 1% 28% 93% $2,126,063,672 PGO Pacgold 0.15 -6% 11% -57% $12,621,816 FEG Far East Gold 0.13 -16% -4% -60% $23,478,807 MI6 Minerals260Limited 0.15 -9% -3% -52% $35,100,000 IGO IGO Limited 7.43 -4% 7% -40% $5,899,116,263 GAL Galileo Mining Ltd 0.24 -6% 0% -61% $48,418,107 RXL Rox Resources 0.16 0% -14% -41% $59,096,682 KIN KIN Min NL 0.068 -1% -8% 48% $81,292,388 CLZ Classic Min Ltd 0.001 0% 0% -50% $12,890,085 TGM Theta Gold Mines Ltd 0.135 4% -4% 108% $88,942,480 FAL Falconmetalsltd 0.12 -14% 0% -64% $21,240,000 SXG Southern Cross Gold 1.925 13% 67% 210% $174,707,909 SPD Southernpalladium 0.34 0% -13% -35% $14,000,456 ORN Orion Minerals Ltd 0.013 0% 0% -21% $81,847,986 TMB Tambourahmetals 0.087 5% 4% 2% $7,962,274 TMS Tennant Minerals Ltd 0.028 4% -7% 4% $21,406,371 AZY Antipa Minerals Ltd 0.013 -7% 4% -32% $53,752,503 PXX Polarx Limited 0.013 18% -4% 12% $22,134,826 TRE Toubani Res Ltd 0.125 14% 9% -26% $17,402,537 AUN Aurumin 0.035 -13% -3% 6% $12,895,508 GPR Geopacific Resources 0.018 13% 13% -27% $13,969,195 FXG Felix Gold Limited 0.03 -14% -19% -73% $6,216,453 ILT Iltani Resources Lim 0.155 11% -18% 0% $5,101,576 ARD Argent Minerals 0.01 -9% 11% -29% $12,917,590
Making weekly gains
Ballymore Resources (ASX:BMR) +28%
Bastion Minerals (ASX:BMO) +22%
Golden State Mining (ASX:GSM) +20%
With the Fed considering rate cuts amidst inflation risks, precious metals like silver are becoming increasingly attractive. pic.twitter.com/yCvSfJxzyA
— GoldSilver HQ (@GoldSilverHQ) March 15, 2024
The post Gold Digger: Gold pulls back but gets to grips with sticky inflation situation appeared first on Stockhead.
