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The View From The Montana Log-Cabin As Gold Stocks Outperform the Metal

Gold closed the week at $3,323 – healthily up from last week’s $3,240 but yet to challenge the recent all-time high at $3,500. The correction drags on: our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com often reminds us that corrections can be to the price or just hold up progress for time. However, Gold stocks had a rather better week as can be seen on the chart below of Gold against the ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).

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Tern – Directors Welch: What A Complete Shambles!

AIM-listed jam tomorrow, maybe never stock Tern plc (TERN) today announced that its Open Offer to shareholders at just 1p a pop had been a success as it was oversubscribed. The company noted 114% acceptances and therefore applications for excess shares would be scaled back. Well I suppose that’s good news, apart from the fact that yet more money is going to get swallowed up by this lifestyle company. But what’s this?

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Gift Horses, Mouth re Smarter Web

I had to chuckle at Tom Winnifrith’s take-down of The Smarter Web (SWC), a new appearance on the Aquis lobster-pot, pumped by the Mail on Sunday. What a shocking state of affairs. But to my horror…..

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Atalaya – Finally Makes FTSE250 But I’ll Pass For Now

I tipped then AIM-listed Atalaya Mining (ATYM) at around 332p way back in December 2023 for another run at £4 per share as the company was planning to get itself into the FTSE250 (with the boost of tracker fund demand). It made the target around 4 months later and I gleefully took profits – but what about the FTSE250?

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The View From The Montana Log-Cabin As Gold Correction Continues To Bite

Gold closed the week at $3,240 – down $78 since last week’s $3,318 as the long-awaited correction continues to bite, taking Gold stocks down too as can be seen on the chart below (courtesy of ADVFN) of Gold versus the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).

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The View From The Montana Log-Cabin As Gold Finally Goes Into Correction

It has happened at last: Gold finally put in a top and corrected, closing the week at $3,318 in comparison to last week’s $3,327. Er, what? That’s not a correction…until you see that at the beginning of the week Gold briefly made it to $3,500 and then plunged as low as $3,262 before recovering a little. The Gold miners were dragged down, as can be seen on the chart below of Gold versus the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).So what now – is that it? Is the Gold rush all over? I don’t think so.

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Bating The Bear: Amaroq And Spivvery!

As you all know, I am a Gold mega-bull. It also means I am a bear on general stocks. I think the global economy is in trouble – too much debt, political instability, central bank screw-ups, inflationary pressure and an incoming recession all lead me to this view. So Gold is the way forward for me. Tom Winnifrith reckons I’m a spiv because I plan to offload a bit of Amaroq. Au contraire!

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Four Easter Buys to double by Christmas & 4 shorts to halve (or more) by the year end - No 4 a SELL from Nigel Somerville

This is a series of eight detailed share tips for the Easter weekend. No 4 is a SELL from Nigel Somerville

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The View From The Montana Log-Cabin As Gold Powers To Yet Another Record High. Surely The Music Stops, At Least For A Break?

Gold closed the week at $3,327 – up another 3% on last week’s $3,236 when the yellow metal had roofed it – and yet another new all-time end-of-week high. The Gold miners also powered ever upwards, albeit catching their breath at the end of the shortened Easter week, as can be seen on the chart below of Gold against the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).

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Four Easter Buys to double by Christmas & 4 shorts to halve (or more) by the year end - No 1 a BUY from Nigel Somerville

This is a series of eight detailed share tips for the Easter weekend. No 1 is a buy from Nigel Somerville.