Gold and silver saw strong price rebounds this week following Fed Chair Jerome Powell’s announcement. The Fed introduced a new policy that would allow inflations running above the 2% mark. Although the news created a favourable ground for both metals, gold didn’t respond as most traders expected. The precious metal rallied to a new
Monthly Archives: August 2020
Matador Mining Ltd – No Bull! [ASX: MZZ]
Matador Mining Limited (‘Matador’, or the ‘Company’, ASX: MZZ) is an Australian gold exploration Company with 120km of continuous strike acreage in the Cape Ray Shear in Newfoundland, Canada. This acreage is lightly explored, but highly prospective and Matador is the largest holder of ground along the Cape Ray Shear. Cape Ray’s current resource stands
Week In Review: The price correction continues [17th to 21st Aug 2020]
The rapid movement of the US dollar this week has put some pressure on both gold and silver. The precious metals temporarily recovered from their lows as a result of investors wanting to buy the pull-back. Silver and gold prices went back and forth during the week, with silver almost managing the $28 mark. The
Small Cap IPO Watch: North Stawell Minerals [NSM:ASX]
Investors with a penchant for history will find some intriguing aspects to the North Stawell Minerals (‘NSM’ or ‘the Company’) IPO which closes on 28 August 2020. The Company was established for the primary purpose of exploring and developing a gold mine site close to the Stawell Gold Mine (SGM) in Victoria, which has produced
VIDEO: What’s driving the gold rush on financial markets? | Inside Story
From Al Jazeera English: The coronavirus pandemic means we are facing our worst ever recession. When times are tough, investors tend to put their money into so-called ‘safe haven’ assets such as gold. The gold price hit a record high of $2,060 an ounce a couple of weeks ago, a 30 percent rise this year.
Week In Review: Price correction begins [10th to 14th Aug 2020]
After the phenomenal runs witnessed last week, price correction of gold and silver kicked in. Both precious metals had similar price patterns this week- starting on a high note and falling midweek before getting on an upward trajectory as the week came to an end. Some experts labelled the correction ‘overdue’ pointing that the gold
Firefly ‘on the fly’ : Firefly Resources Review (ASX: FFR) [Aug 2020]
Firefly (the ‘Company’), although highly speculative, has the potential to quickly create shareholder wealth given the potential economic upside of the mining tenements acquired, using the proceeds of a recent $2.3M equity raising. These funds will be applied principally to the Yalgoo Gold Project (the ‘Project’) and general working capital. The funds are likely to
Week In Review: Gold & Silver manage new highs [3rd to 7th Aug 2020]
Although gold and silver soared last week, with gold to a record new high, they both declined as the week came to an end. Gold surpassed the $2000 USD ($2794.08 AUD) price last week, and set new records for Gold in both USD and AUD. Silver prices, which have been proven to rise tremendously in
WestGold Resources Limited [August 2020 Review]
WestGold Resources Limited (‘WGX’, ‘the company’ or ‘WestGold’) is a top-10 Australian gold explorer and producer with three operating gold mines in Western Australia and has the foundations in place to establish itself as a major player in the Australian Gold Sector. The company’s gold inventory comprises more than 9 million oz and annual production
Volt Project Taking Shape [ASX:VRC]
Volt Resources (‘VRC’ or ‘Volt’)) is moving toward financial close on a project that has the potential to be developed into a medium scale gold mine in the short term, putting Volt on the radar screen for astute investors looking for undervalued emerging gold producers in the micro-cap space. The project, known as the Luiri
