Gold Digger: Michael ‘Big Short’ Burry long on gold ETF; Buffett into Barrick; World Bank bullish

Estimated read time 11 min read

Michael Burry, eh? What’d he ever get right? Okay, one thing of note, and it sure was a biggie 
According to an official filing, he’s been buying up a hefty amount in the Sprott Physical Gold Trust
Meanwhile, the World Bank’s gold index is pointing very much in the right direction

 

The price of gold was dipping a fraction Friday when we were checking it earlier this morning. Profit taking after recent all-time highs seems the most likely factor at play there.

Hang on, we just looked again, it’s now up a bit once more as we inch closer and closer to another relieving weekend (+0.13%: US$2,383, AUD$3,575).

Phew. All is right with the world.

Or not. Gold digs it when the macroeconomic and geo-political vortex swirls with uncertainty. Plenty of that lately.

But in any case, from what we’re seeing, the bullish sentiment for the precious yellow one is as strong as ever. Case in point… big shot, money-bags billionaire types competing with central banks for Smaug-like gold hoarding.

 

Burry and Buffett’s golden moves

Just recently it was revealed that the Oracle of Hating Bitcoin – Warren “All You Can Eat” Buffett – had, via his firm Berkshire Hathaway, surprisingly invested into major North American gold miner Barrick Gold, spurting about US$560m in its direction. All the while, slicing and selling off 13% of BH’s shares in Apple, by the way.

We say ‘surprising’ only because Buffett has famously had a long-held aversion to holding the yellow metal, labelling it an investment based on fear.

Of course, there is a bit of a difference in investing into a miner over the commodity itself, but still, it’s a head-turning… er… turnaround.

And this week it’s come to light that another famed US investor – Michael “Yes, Sigh, For the 500,000th time, I’m the Bloke Portrayed by Christian Bale in the Big Short” Burry – has been doing similar things. Selling Apple (and Google parent co. Alphabet) and buying gold.

Actually, in Burry’s case, it’s US$10 million worth of the Sprott Physical Gold Trust ETF ($PHYS) held by his Scion Asset Management investment firm.

Michael Burry is back! This time he’s loading up on $10 million worth of physical gold $PHYS pic.twitter.com/GilsdgaDZR

— Barchart (@Barchart) May 15, 2024

The holdings of both have been doing the rounds after being publicly revealed in their funds’ 13-F filings, lodged with the US Securities and Exchange Commission (SEC) 45 trading days after the end of each quarter.

This is an SEC stipulation for funds with more than US$100m in assets under management, by the way.

Burry, incidentally, who famously shorted mortgage securities in the run up to the 2007-2008 GFC, has also massively increased his bet on Chinese companies, boosting his stake in JD.com by 80 per cent and buying 50,000 new shares in Alibaba.

China… it rather likes gold at the moment, too. Just ask its central bank.

And, for good measure, want one more golden oldie American “bullionaire” making news of late?

Investment god and former hedge fund legend Ray Dalio confirmed he’s holding onto his gold as a buffer against out-of-control inflation and potential US and global debt crisis.

Dalio calls it: “a non-debt-backed form of money. It’s like cash, except unlike cash and bonds, which are devalued by risks of default or inflation, gold is supported by risks of debt defaults and inflation.”

 

World Bank precious metals index up 9%

The World Bank – provider of loans and grants to “developing”/piss poor countries – this week noted in its blog that its precious metals price index climbed 9 per cent in April 2024 (month on month), continuing its upward trajectory from the first quarter.

The bank’s index is expected to increase by 8 per cent in 2024 compared to 2023, it says, citing various things you probably already know as reasons.

We’ll list them anyway:

• Stronger gold demand from emerging markets and developing economies…

• … amid heightened geopolitical uncertainty. That’s key – strong safe-haven demand.

• And, it (like the World Gold Council) notes, record central bank buying – led by China, India, and Turkey – is also bolstering gold demand so far this year.

• Of particular note, it says, is the PBoC – China’s central bank – extension of its gold purchases for the 17th consecutive month in March, “setting a record for the longest reported streak of monthly purchases”.

 

WGC notes ‘silver lining’ for gold miner cost pressures

It’s not all golden sunshine and rainbows this week. Here’s something else that caught our eye.

The World Gold Council, via the Metals Focus Group’s Director of Mine Supply, Sarah Tomlinson, has shared some data this week regarding rising gold production costs for miners, globally.

The essential stat is: in Q4 ’23 gold miners’ global average all-in sustaining costs (AISC) rose again, up 2% q/q to US$1,342/oz.

This is being put down to persistent cost inflation and a tight labour market continuing to influence on-site operating costs.

BUT…

“There is a silver lining,” reads the note Stockhead received on this.

And that’d be the high/generally increasing price of gold this year easing the pressure on producer margins somewhat.

 

ASX Winners & Losers

Here’s how ASX-listed precious metals stocks are performing, circa 4pm May 17:

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 % YTD Market Cap MRR Minrex Resources Ltd 0.011 0% -15% -1% $13,018,410 NPM Newpeak Metals 0.021 -5% 24% 1% $2,595,986 ASO Aston Minerals Ltd 0.013 18% 8% -1% $15,540,771 MTC Metalstech Ltd 0.25 0% 43% 3% $47,238,648 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 GED Golden Deeps 0.048 20% 7% 0% $5,545,073 G88 Golden Mile Res Ltd 0.011 -8% -15% -1% $4,523,451 DCX Discovex Res Ltd 0.002 0% 0% 0% $6,605,136 NMR Native Mineral Res 0.025 14% -11% 1% $4,616,711 AQX Alice Queen Ltd 0.007 17% 17% 0% $5,527,921 SLZ Sultan Resources Ltd 0.011 0% 0% -1% $2,173,451 MKG Mako Gold 0.013 0% -7% 0% $11,712,098 KSN Kingston Resources 0.079 10% 11% 0% $56,561,598 AMI Aurelia Metals Ltd 0.19 0% 6% 8% $329,504,644 PNX PNX Metals Limited 0.004 -11% -27% 0% $23,880,859 GIB Gibb River Diamonds 0.025 4% -11% -1% $5,287,736 KCN Kingsgate Consolid. 1.835 16% 25% 46% $478,129,389 TMX Terrain Minerals 0.004 33% 0% 0% $5,010,847 BNR Bulletin Res Ltd 0.05 0% -6% -9% $14,680,666 NXM Nexus Minerals Ltd 0.061 -6% 0% 1% $22,954,548 SKY SKY Metals Ltd 0.038 -19% 3% 0% $22,403,020 LM8 Lunnonmetalslimited 0.305 5% 13% -30% $63,174,577 CST Castile Resources 0.093 -1% 2% 1% $22,496,926 YRL Yandal Resources 0.115 0% -23% 3% $30,797,876 FAU First Au Ltd 0.004 100% 100% 0% $6,647,973 ARL Ardea Resources Ltd 0.64 -2% -14% 17% $119,737,749 GWR GWR Group Ltd 0.1 -9% 0% 1% $35,333,832 IVR Investigator Res Ltd 0.052 0% 0% 1% $85,529,497 GTR Gti Energy Ltd 0.006 20% 0% 0% $12,299,683 IPT Impact Minerals 0.024 9% 33% 1% $63,023,486 BNZ Benzmining 0.1325 -12% -41% -12% $14,197,097 MOH Moho Resources 0.005 25% 0% -1% $2,695,891 BCM Brazilian Critical 0.025 4% 19% 0% $18,648,920 PUA Peak Minerals Ltd 0.0045 50% 50% 0% $5,206,883 MRZ Mont Royal Resources 0.053 -4% -23% -10% $4,676,639 SMS Starmineralslimited 0.029 -3% -34% -1% $2,277,684 MVL Marvel Gold Limited 0.009 0% -10% 0% $7,774,116 PRX Prodigy Gold NL 0.003 20% 0% 0% $6,041,322 AAU Antilles Gold Ltd 0.011 0% -45% -1% $10,796,885 CWX Carawine Resources 0.1 -5% -9% -1% $23,612,545 RND Rand Mining Ltd 1.58 1% 1% 21% $90,432,778 CAZ Cazaly Resources 0.017 0% -15% -1% $7,728,818 BMR Ballymore Resources 0.16 14% 33% 4% $28,276,894 DRE Dreadnought Resources Ltd 0.017 -6% -6% -1% $56,209,167 ZNC Zenith Minerals Ltd 0.075 -6% -23% -8% $26,428,566 REZ Resourc & En Grp Ltd 0.013 0% 0% 0% $8,109,475 LEX Lefroy Exploration 0.1 1% -26% -8% $21,048,141 ERM Emmerson Resources 0.056 12% 17% 0% $30,503,748 AM7 Arcadia Minerals 0.06 -8% -40% -1% $6,543,006 ADT Adriatic Metals 4.585 3% 11% 58% $1,201,516,873 AS1 Asara Resources Ltd 0.011 -8% 22% 0% $9,703,929 CYL Catalyst Metals 0.865 11% 12% 6% $192,755,063 CHN Chalice Mining Ltd 1.7825 24% 36% 9% $670,961,699 KAL Kalgoorliegoldmining 0.03 0% -9% 0% $4,913,522 MLS Metals Australia 0.021 0% -9% -2% $14,854,760 ADN Andromeda Metals Ltd 0.017 -11% 0% -1% $52,874,606 MEI Meteoric Resources 0.185 -12% -18% -8% $388,073,370 SRN Surefire Rescs NL 0.01 -9% 0% 0% $19,863,078 SIH Sihayo Gold Limited 0.002 0% 33% 0% $36,612,769 WA8 Warriedarresourltd 0.058 -8% 26% 1% $36,513,141 HMX Hammer Metals Ltd 0.037 -5% -16% -2% $33,683,479 WCN White Cliff Min Ltd 0.015 -12% -6% 1% $24,365,811 AVM Advance Metals Ltd 0.028 12% 4% -1% $1,276,736 WRM White Rock Min Ltd 0 -100% -100% -6% $17,508,200 ASR Asra Minerals Ltd 0.006 -14% -14% 0% $11,647,970 MCT Metalicity Limited 0.0025 0% 25% 0% $11,212,737 AME Alto Metals Limited 0.037 6% -12% -1% $28,139,404 CTO Citigold Corp Ltd 0.007 17% 40% 0% $21,000,000 TIE Tietto Minerals 0.67 -1% 4% 6% $768,148,602 SMI Santana Minerals Ltd 1.135 4% -11% 13% $230,489,964 M2R Miramar 0.011 22% -8% -1% $2,046,956 MHC Manhattan Corp Ltd 0.0025 25% 25% 0% $7,342,449 GRL Godolphin Resources 0.026 0% -13% -1% $5,348,495 SVG Savannah Goldfields 0.031 11% 19% -2% $8,994,717 EMC Everest Metals Corp 0.125 34% 14% 5% $22,178,220 GUL Gullewa Limited 0.055 2% -2% 0% $11,262,521 CY5 Cygnus Metals Ltd 0.09 13% 10% -5% $25,657,204 G50 G50Corp Ltd 0.18 16% 0% 5% $19,672,200 ADV Ardiden Ltd 0.155 -3% 0% -2% $10,002,801 AAR Astral Resources NL 0.081 23% 16% 1% $77,447,095 VMC Venus Metals Cor Ltd 0.082 -11% -15% -2% $15,557,752 NAE New Age Exploration 0.004 0% 0% 0% $7,175,596 VKA Viking Mines Ltd 0.01 -17% -9% 0% $10,252,584 LCL LCL Resources Ltd 0.011 -8% 0% -1% $10,985,093 MTH Mithril Resources 0.2 0% 0% 0% $6,737,764 ADG Adelong Gold Limited 0.004 14% 14% 0% $4,321,956 RMX Red Mount Min Ltd 0.001 0% -33% 0% $3,423,577 PRS Prospech Limited 0.043 -10% 5% 1% $12,156,692 TTM Titan Minerals 0.025 -4% -22% 0% $43,624,328 NML Navarre Minerals Ltd 0.019 0% 0% 0% $28,555,654 MZZ Matador Mining Ltd 0.074 -3% 9% 3% $44,071,531 KZR Kalamazoo Resources 0.115 21% 16% -1% $20,102,407 BCN Beacon Minerals 0.026 -7% -10% 0% $97,675,972 MAU Magnetic Resources 1.05 -3% 1% 3% $270,900,623 BC8 Black Cat Syndicate 0.33 20% 27% 8% $106,450,939 EM2 Eagle Mountain 0.079 14% 25% 0% $32,608,619 EMR Emerald Res NL 3.79 12% 8% 78% $2,467,857,076 BYH Bryah Resources Ltd 0.007 -7% -30% -1% $3,048,175 HCH Hot Chili Ltd 1.12 5% -7% 4% $158,779,727 WAF West African Res Ltd 1.47 5% 12% 53% $1,531,332,421 MEU Marmota Limited 0.046 5% 7% 0% $48,704,826 NVA Nova Minerals Ltd 0.25 11% -15% -11% $53,243,387 SVL Silver Mines Limited 0.2 8% 5% 4% $294,067,070 PGD Peregrine Gold 0.285 24% 33% 5% $19,684,742 ICL Iceni Gold 0.08 -10% 208% 3% $20,711,128 FG1 Flynngold 0.026 -7% -42% -2% $6,872,707 WWI West Wits Mining Ltd 0.014 -7% -22% 0% $35,533,175 RML Resolution Minerals 0.0025 -17% 25% 0% $3,220,044 AAJ Aruma Resources Ltd 0.015 0% -21% -1% $2,953,373 AL8 Alderan Resource Ltd 0.004 -20% -33% 0% $4,427,445 GMN Gold Mountain Ltd 0.004 0% 0% 0% $11,902,023 MEG Megado Minerals Ltd 0.013 18% 30% -2% $3,562,378 HMG Hamelingoldlimited 0.07 -1% -8% -1% $10,080,000 TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243 BM8 Battery Age Minerals 0.14 40% 40% -5% $11,011,238 TBR Tribune Res Ltd 3.76 -10% -17% 81% $207,248,904 FML Focus Minerals Ltd 0.13 -4% -30% -6% $40,118,210 GSR Greenstone Resources 0.012 20% 33% 1% $15,105,830 VRC Volt Resources Ltd 0.005 -17% 0% 0% $20,793,391 ARV Artemis Resources 0.015 -6% -12% 0% $25,367,942 HRN Horizon Gold Ltd 0.3 -6% 15% 0% $43,451,977 CLA Celsius Resource Ltd 0.01 0% -17% 0% $24,279,127 QML Qmines Limited 0.082 21% 17% 0% $18,933,014 RDN Raiden Resources Ltd 0.051 24% 59% 1% $134,829,255 TCG Turaco Gold Limited 0.2275 8% 26% 10% $179,541,334 KCC Kincora Copper 0.035 0% 0% -1% $8,198,779 GBZ GBM Rsources Ltd 0.011 22% -21% 0% $11,566,889 DTM Dart Mining NL 0.027 4% -23% 1% $7,494,553 MKR Manuka Resources. 0.059 -12% -33% -2% $44,818,731 AUC Ausgold Limited 0.027 4% -16% -1% $64,291,954 ANX Anax Metals Ltd 0.048 14% 78% 2% $28,974,538 EMU EMU NL 0.036 13% 20% 1% $2,024,789 SFM Santa Fe Minerals 0.04 -15% -15% 0% $2,912,752 SSR SSR Mining Inc. 7.98 4% 1% -784% $35,833,122 PNR Pantoro Limited 0.091 6% 18% 3% $452,750,655 CMM Capricorn Metals 4.77 2% -7% 6% $1,804,583,988 X64 Ten Sixty Four Ltd 0.57 0% 0% 0% $130,184,182 SI6 SI6 Metals Limited 0.004 33% 33% 0% $9,475,438 HAW Hawthorn Resources 0.068 -3% -4% -3% $22,781,062 BGD Bartongoldholdings 0.335 8% 18% 7% $75,367,665 SVY Stavely Minerals Ltd 0.034 31% 10% -1% $13,749,843 AGC AGC Ltd 0.29 193% 267% 22% $65,555,555 RGL Riversgold 0.01 67% 43% 0% $8,708,953 TSO Tesoro Gold Ltd 0.042 0% 31% 1% $51,642,390 GUE Global Uranium 0.105 -5% 6% 1% $26,351,332 CPM Coopermetalslimited 0.14 4% 27% -20% $11,361,569 MM8 Medallion Metals. 0.058 9% -15% -1% $17,230,313 FFM Firefly Metals Ltd 0.83 -3% 6% 20% $385,316,838 CBY Canterbury Resources 0.056 -13% 124% 3% $10,304,454 LYN Lycaonresources 0.31 -2% 7% 11% $15,365,599 SFR Sandfire Resources 9.64 -2% 5% 230% $4,372,352,709 TMZ Thomson Res Ltd 0.005 0% 0% 0% $4,881,018 TAM Tanami Gold NL 0.036 -3% -10% 0% $42,303,494 WMC Wiluna Mining Corp 0 -100% -100% -21% $74,238,031 NWM Norwest Minerals 0.04 14% -22% 1% $15,524,780 ALK Alkane Resources Ltd 0.62 9% -6% -4% $371,146,650 BMO Bastion Minerals 0.008 14% 0% -1% $3,444,671 IDA Indiana Resources 0.078 -3% -4% 0% $48,230,847 GSM Golden State Mining 0.012 9% 9% 0% $3,073,077 NSM Northstaw 0.038 0% -5% -1% $5,315,280 GSN Great Southern 0.019 -5% -10% 0% $15,532,190 RED Red 5 Limited 0.4775 7% 12% 17% $1,697,262,269 DEG De Grey Mining 1.1725 -6% -7% -6% $2,736,205,771 THR Thor Energy PLC 0.015 -12% -29% -2% $3,120,416 CDR Codrus Minerals Ltd 0.05 16% 28% -1% $5,061,797 MDI Middle Island Res 0.015 -6% -17% 0% $3,485,664 WTM Waratah Minerals Ltd 0.1 -9% -13% -2% $18,833,272 POL Polymetals Resources 0.28 4% -7% -3% $44,921,075 RDS Redstone Resources 0.004 33% -20% 0% $3,701,514 NAG Nagambie Resources 0.01 -17% -23% -2% $7,966,357 BGL Bellevue Gold Ltd 1.885 11% 0% 21% $2,195,742,552 GBR Greatbould Resources 0.061 0% -8% 0% $38,434,678 KAI Kairos Minerals Ltd 0.012 9% -8% 0% $34,071,858 KAU Kaiser Reef 0.145 7% -9% -3% $24,801,365 HRZ Horizon 0.052 37% 68% 1% $36,451,151 CAI Calidus Resources 0.13 0% 4% -9% $101,949,272 CDT Castle Minerals 0.006 0% 0% 0% $7,346,958 RSG Resolute Mining 0.465 9% 8% 2% $1,032,589,256 MXR Maximus Resources 0.031 -3% -19% 0% $9,949,319 EVN Evolution Mining Ltd 3.87 2% 0% -9% $7,804,499,589 CXU Cauldron Energy Ltd 0.041 3% 3% 2% $48,646,025 DLI Delta Lithium 0.34 3% 26% -13% $238,991,393 ALY Alchemy Resource Ltd 0.007 0% 0% 0% $8,246,534 HXG Hexagon Energy 0.019 -10% 0% 1% $10,258,318 OBM Ora Banda Mining Ltd 0.3225 4% -1% 8% $603,364,629 SLR Silver Lake Resource 1.5925 8% 16% 40% $1,495,590,933 AVW Avira Resources Ltd 0.001 -33% 0% 0% $2,663,790 LCY Legacy Iron Ore 0.016 0% 0% 0% $131,130,320 PDI Predictive Disc Ltd 0.195 -3% -3% -2% $444,486,377 MAT Matsa Resources 0.03 0% -6% 0% $16,514,254 ZAG Zuleika Gold Ltd 0.018 -5% 0% 0% $12,513,454 GML Gateway Mining 0.017 13% -6% -1% $5,872,810 SBM St Barbara Limited 0.27 13% 2% 6% $216,762,151 SBR Sabre Resources 0.02 5% 11% -1% $7,485,239 STK Strickland Metals 0.098 -2% -18% 0% $165,740,052 ION Iondrive Limited 0.012 71% 20% 0% $5,835,423 CEL Challenger Gold Ltd 0.07 1% -18% 0% $100,857,801 LRL Labyrinth Resources 0.0055 10% -8% 0% $5,937,719 NST Northern Star 14.705 1% -3% 106% $17,173,339,410 OZM Ozaurum Resources 0.061 0% 49% -9% $9,525,000 TG1 Techgen Metals Ltd 0.049 29% 26% -3% $6,662,894 XAM Xanadu Mines Ltd 0.07 6% -3% 1% $118,404,415 AQI Alicanto Min Ltd 0.02 0% -31% -2% $12,927,323 KTA Krakatoa Resources 0.015 -6% 15% -2% $7,081,608 ARN Aldoro Resources 0.075 15% -6% -5% $9,423,662 WGX Westgold Resources. 2.16 0% 3% -2% $1,032,497,551 MBK Metal Bank Ltd 0.022 10% -4% -1% $8,590,104 A8G Australasian Metals 0.076 -5% 19% -9% $3,961,158 TAR Taruga Minerals 0.01 11% 43% 0% $6,354,241 DTR Dateline Resources 0.0115 5% -4% 0% $15,980,636 GOR Gold Road Res Ltd 1.5775 2% -1% -39% $1,755,018,192 S2R S2 Resources 0.12 0% -11% -5% $58,871,539 NES Nelson Resources. 0.003 0% 0% 0% $1,840,783 TLM Talisman Mining 0.335 20% 43% 10% $61,204,113 BEZ Besragoldinc 0.1 10% 0% -5% $41,810,091 PRU Perseus Mining Ltd 2.39 4% 6% 54% $3,324,574,740 SPQ Superior Resources 0.009 -10% -10% 0% $16,009,763 PUR Pursuit Minerals 0.0045 13% -10% 0% $11,775,886 RMS Ramelius Resources 2.015 1% 2% 33% $2,320,001,034 PKO Peako Limited 0.005 0% 0% 0% $2,635,424 ICG Inca Minerals Ltd 0.007 0% 40% 0% $4,828,433 A1G African Gold Ltd. 0.027 4% -12% 0% $4,368,909 OAU Ora Gold Limited 0.004 -20% -33% 0% $26,127,004 GNM Great Northern 0.01 -9% -9% -1% $1,546,291 KRM Kingsrose Mining Ltd 0.047 24% 31% 1% $33,863,693 BTR Brightstar Resources 0.016 -6% -11% 0% $46,497,490 RRL Regis Resources 2.03 -3% -5% -15% $1,540,891,168 M24 Mamba Exploration 0.021 -5% -22% -3% $3,865,728 TRM Truscott Mining Corp 0.063 0% -5% 1% $10,922,125 TNC True North Copper 0.07 1% -33% -4% $28,970,916 MOM Moab Minerals Ltd 0.005 0% 0% 0% $3,559,815 KNB Koonenberrygold 0.016 -6% -20% -2% $4,604,600 AWJ Auric Mining 0.2 18% 5% 8% $29,710,674 AZS Azure Minerals 3.69 0% 7% -1% $1,692,527,632 ENR Encounter Resources 0.385 5% 12% 10% $177,741,331 SNG Siren Gold 0.08 10% 23% 1% $15,686,301 STN Saturn Metals 0.245 2% 14% 8% $53,760,594 USL Unico Silver Limited 0.165 6% 0% 4% $47,848,255 PNM Pacific Nickel Mines 0.04 60% 25% -4% $14,638,859 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 0.21 5% 8% 2% $66,494,234 SPR Spartan Resources 0.695 20% 12% 18% $754,205,049 PNT Panthermetalsltd 0.043 10% 26% -2% $3,748,145 MEK Meeka Metals Limited 0.038 3% 9% 0% $46,918,939 GMD Genesis Minerals 1.87 6% 1% 8% $2,103,625,005 PGO Pacgold 0.155 7% -14% -4% $13,463,270 FEG Far East Gold 0.115 -8% -23% -1% $28,334,552 MI6 Minerals260Limited 0.16 14% 7% -16% $37,440,000 IGO IGO Limited 7.82 -2% 8% -123% $5,883,970,907 GAL Galileo Mining Ltd 0.27 0% 0% -2% $53,358,730 RXL Rox Resources 0.17 6% -14% -1% $64,636,996 KIN KIN Min NL 0.066 8% -11% 0% $77,757,936 CLZ Classic Min Ltd 0.006 -14% -33% -4% $2,013,417 TGM Theta Gold Mines Ltd 0.14 -13% -10% 3% $110,288,675 FAL Falconmetalsltd 0.155 3% -6% 1% $25,665,000 SXG Southern Cross Gold 2.73 2% 26% 147% $541,329,883 SPD Southernpalladium 0.55 10% 29% 18% $23,693,080 ORN Orion Minerals Ltd 0.02 0% 43% 1% $115,004,292 TMB Tambourahmetals 0.076 15% 13% -4% $6,303,467 TMS Tennant Minerals Ltd 0.024 14% 0% -1% $22,941,370 AZY Antipa Minerals Ltd 0.013 8% 0% 0% $53,752,503 PXX Polarx Limited 0.0135 4% 4% 1% $28,693,289 TRE Toubani Res Ltd 0.135 13% 4% -1% $22,589,831 AUN Aurumin 0.041 -2% -15% 2% $17,667,523 GPR Geopacific Resources 0.022 5% -12% 0% $20,976,137 FXG Felix Gold Limited 0.065 -14% -23% 2% $14,712,273 ILT Iltani Resources Lim 0.315 85% 103% 16% $11,563,572 ARD Argent Minerals 0.02 5% 18% 1% $27,185,272

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Notable weekly golden gainers

Australian Gold and Copper (ASX:AGC) +193%

First Au (ASX:FAU) +100%

Iltani Resources (ASX:ILT) +85%

Riversgold (ASX:RGL) +67%

 

The post Gold Digger: Michael ‘Big Short’ Burry long on gold ETF; Buffett into Barrick; World Bank bullish appeared first on Stockhead.

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