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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, and we have the US Federal Reserve’s old … Read More
The post Gold Digger: ‘Old…
- 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:
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…
And just for good measure, here’s gold’s worm chart over the past 20 years…
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…
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 |
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.
Dolly Varden consolidates Big Bulk copper-gold porphyry by acquiring southern-portion claims – Richard Mills
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