Articles by: NIGEL SOMERVILLE
views
The View From The Montana Log-Cabin As Gold Reaches Another Record High, Holds $3,000
Gold closed the week at $3,023 – a record weekly high - having put in another all-time high at $3,047 and up on last week’s $2,985. The miners had an even better week, if a little spoilt by a small late-week wobble, as can be seen on the chart (courtesy of ADVFN) of Gold against the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).
views
The View From The Montana Log-Cabin As Gold Breaches $3,000 – Time For A Victory Lap? No it is $3,500 next
Gold closed the week at $2,985 – a good rise from last week’s $2,911 but the big story this week was that the yellow stuff traded above $3,000 for the first time on Friday, clocking up a high point of $3,005 before drifting back down below the psychologically important $3,000 mark. Gold stocks partied too, as can be seen on the chart below of Gold against the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).- By Nigel Somerville
- 2025-03-16 10:06:54
- 1
views
The View From The Montana Log-Cabin As Gold Crosses An Important Line
Gold closed the week back above $2,900 at $2,911 – a good bounce after the drop to last week’s $2,857. Perhaps more importantly, the miners climbed quite strongly, as can be seen on the chart below of Gold against the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers), suggesting that Mr Market’s appetite is finally getting more positive. But perhaps the biggest story is that according to our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com, Gold has breached a line in the sand, outperforming the standard 60-40 portfolio - a development he has long held as critical to fire up the yellow metal.- By Nigel Somerville
- 2025-03-09 16:59:24
- 1
views
Ariana – Good News From Dokwe But Still No Mention Of The Elephants, African and Australian
AIM-listed Gold producer Ariana Resources (AAU) has announced another very positive update from its Dokwe project in Zimbabwe in the form of another upgrade to the resource, up another 9% to a total of 1.4 million ounces in-pit with plenty of room for further improvement.- By Nigel Somerville
- 2025-03-04 14:00:24
- 1
views
The View From The Montana Log-Cabin As JRB’s Call On Gold Bang On The Money
Gold closed the week at $2,857 – down on last week’s $2,935 and showing that our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com was bang on the money with his call that a correction was coming and my caution. I don’t think the drop is significant, however, and Mark Watson Mitchell’s warning that nothing goes in straight lines come to mind. The yellow metal has had a great run so far this year: a correction/profit taking is inevitable.
views
The View From The Montana Log-Cabin As Gold Hits Yet Another Record High: Bulls Eye $3,000
Gold closed the week at $2,935 – another new record weekly high, and well up on last week’s $2,882. It seems only a matter of time before $3,000 is taken out. But our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com, is worried that a correction may be on the way.- By Nigel Somerville
- 2025-02-23 11:06:26
- 1
views
Tern – Two-Bit Bucket-Shop Placing…..When’s The Next One?
AIM-listed lifestyle company Tern plc (TERN) announced this morning a placing to raise just £221,154 at 1.15p per share. The announcement was accompanied by a load of waffle about the Sure Valley fund it is invested in, but around two hundred grand won’t make any difference.
views
The View From The Montana Log-Cabin As Gold Hits Another New High And Then Retreats
Gold closed the week at $2,882 – a decent enough rise from last week’s $2,860, but having reached $2,942 it was a bit of a disappointment. The miners also ploughed on higher, but the too suffered late in the week as can be seen on the chart below of Gold against the Gold mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).
