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The View From The Montana Log-Cabin As Gold Roofs It

So much for the correction! As previously suggested, it was short lived. Gold closed the week at $3236, up a whopping $199 on last week’s $3,037 and the Gold-mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers) more than followed suit, as can be seen on the chart below (courtesy of ADVFN).

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Ah Mr Bond – We Have Been Expecting You

Like the villain in Bond movies, who tells the man licenced to kill that his arrival was expected shortly before he destroys the evil plans of his adversary, markets over the last few days saw the bond market react to Trump’s tariffs. Amid fears of a rout, Donald Trump announced last night that his tariff plans were on hold for ninety days (with the exception of China, who he doubled down on again). The result – everything went up.

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Ariana Gives Evil’s Sell Signal (The Last Straw) As I Buy A Few More Amaroq

This morning AIM-listed Ariana Resources (AAU) offered up one of Evil Knievil’s time-honoured sell signals: a poxy director buy. Meanwhile, I’ve been buying a few more shares in fellow Gold operation, AIM-listed Amaroq Minerals (AMRQ).

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Ariana – Reflecting On Tom’s Interview With MD Kerim Sener: Horribly Disappointed

I have been chewing over what to do as regards AIM-listed Ariana Resources (AAU) following the recent smash’n’grab placing, the warning that it will need another in July, the creation of a stock overhang, the continuing uncertainty over Zimbabwe, the still-awaited ASX listing, the placing alongside that and the Tavsan delays. It is quite an in-tray for MD Kerim Serner and he rather bravely faced Tom Winnifrith in interview. I am still concerned.

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The View From The Montana Log-Cabin As Market Turmoil Hits; Gold Stalls

Gold closed the week at $3,037 – down on last week’s $3,085 but having clocked up a new all-time high at $3,225 overnight on Wednesday/Thursday in a brief spike. That is disappointing. However, with markets generally in a tail-spin following Donald Trump’s tariffs, perhaps we should be pleased it is not far lower. As for what follows over the next few days, that is anybody’s guess but it is clear that the correction I was suggesting is here.

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As Market Corrects How Should One React?

As I write, the DOW – at 39,500 or so – is around 11% off its high this year. The Nasdaq (composite) off 20%, the FTSE100 8.6% and all are continuing south. Oil has plunged, as have Treasuries and even that traditional safe-haven of Gold is looking wobbly at $3,050, off its recent high of $3,139 (although that loss, less than 3%, is more marginal). So should we panic and sell everything? Stick our heads in the sand until the storm blows over? 

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Minoan – End Of The Road Or Can A Rabbit Be Pulled? I've been long and wrong!

AIM-listed Minoan (MIN) announced a pretty dreadful RNS this morning, detailing how its secured lender, DAGG LLP, has refused to extend the loan and is now demanding approx. £1.2 million in settlement. It has also declared a default meaning that the interest rate rises from 10% a year to 22%. Minoan hasn’t the cash and warns that it won’t be able to release audited results (presumably because it is out of cash and DAGG wants £1.2 million) so the shares will be suspended from 1st May – or before, if measures to protect stakeholders are needed (ie administration). So what now?

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Ariana – Management Incompetence At Its Worst. Can It Recover?

As noted last Wednesday, I was furious with AIM-listed Ariana Resources (AAU) and its MD Kerim Sener. I still am. This follows the surprise smash’n’grab placing, seemingly to keep the lights on at a company previously drowning in cash and producing Gold (now well north of $3,000 per ounce).

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The View From The Montana Log-Cabin As Gold Reaches Further New Highs….When Will The Correction Come?

Gold closed the week at yet another new all-time weekly high of $3,085 compared to last week’s $3,023, having put in another all-time high of $3,087. With the end-of-month and end-of-quarter tomorrow, the odds of new all-time highs there too are strong. Having started the year just over $2,600 the yellow stuff has come a long way, up some 17%.....surely a correction is due.

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Golden Prospect – Still A Strong Hold But Time To Offload A Few For Me, And What To Buy Instead

Fully listed precious metals (mainly Gold) investor Golden Prospect (GPM) has done really well since I tipped it at Christmas 2024. It has done even better since my tip the previous Christmas. And I see it going much higher from here, but I stated that I had added a few extra as a trading position and with the shares now having reached 50p (my target for the trading position) it is time for me to offload that extra amount.