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The Mid-Week View From The Montana Log-Cabin: Has The Fed Commenced A Handbrake Turn As Gold Rockets?

The correction in the Gold price I was expecting seemed to be slowly but surely getting underway until last night, when the Fed made its latest rate announcement. It had been expected to turn the screw further by hiking rates yet again, after a year of large hikes. But the Fed opted to go for just a quarter point rise.

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UPDATED Aquis Lobster-Potted TruSpine: Where Is The Funding, Then?

The comedy continues on the Aquis lobster-pot, where TruSpine (TSP) listed in August 2020 promising to have an FDA-application submitted by year-end for its spinal stabilisation system, which is still outstanding some two and a half years on. Worse still, it needs funding pdq: the fat lady is hovering in the wings right now.

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The View From The Montana Log-Cabin As Gold Pauses For Breath

It has been a one-way ticket northwards for Gold since bottoming out in late September and October around $1625 an ounce, as can be seen on the Gold chart (courtesy of www.kitco.com) below. Last week it had reached $1926 and pushed on up this week to peak a smidgeon below $1950 before pausing for breath, sliding to below $1920 (very briefly) before closing at $1928 – up another two dollars on the week. 

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Ariana Resources – drilling news from potential game-changer

AIM-listed gold producer Ariana Resources (AAU) has announced drilling news from its Salinbas project in north-eastern Turkey, where approximately 22,000 metres of drilling is planned and 8,000 metres have been drilled.

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The View From The Montana Log-Cabin As Gold Keeps Pushing On Up

Gold finished the week at $1926 – up once again (albeit marginally) on last week’s $1921, but a good result given the dip down below $1900 mid-week. 

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Ariana – 2022 Production Result: A Top Effort: Buy

AIM-listed Turkish Gold producer Ariana Resources (AAU) released its production results on Friday along with a general update. The news was excellent and the shares surged (as much as Ariana shares ever surge!) higher but there is more to go.

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Advanced Oncotherapy – Worth 156p, Hardman? You’re ‘Avin’ A Giraffe

Paid-for investment "research" prostitute Hardman has released an update on AIM-listed Advanced Oncotherapy (AVO). This means that 1) the company is desperate for cash (no surprises there!), 2) a placing is on the way and 3) that Crispin Odey is sweating over his multiple purchases at a premium at 25p per share when the shares were trading below the 25p par price, given that they are now worth just 11.25p per share. I have much time for Odey, but he has surely called this one spectacularly wrong on multiple occasions.

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Centamin – Court Win Secures Mine Concession Agreement: BUY

Fully-listed Egyptian Gold miner Centamin (CEY) this morning announced that the Constitutional Court in Egypt had ruled that under Law 32, third parties cannot challenge contractual agreements between the Egyptian Government and investors such as Centamin. This may seem somewhat highbrow, but an individual had been challenging Centamin’s right to exploit the Sukari concession, seeking the nullification of the concession agreement between the company and the government.

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The View From The Montana Log-Cabin As Gold Climbs Further

Gold closed the week at $1921, comfortably up on last week’s mark of $1866 and almost a whopping $300, or around 18%, up on the low point last September. It has been a straight line upwards since then, as shown on the chart, courtesy of Kitco.com.

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The View From The Montana Log-Cabin As Gold Surges Again ( ouzo on beans time?)

Gold finished the first week of 2023 at $1866 – up nicely from the $1824 at which it closed last year. Having sold off, briefly, to around $1830 on Thursday, Friday’s US economic data saw a resurgence at high at $1870. A cracking start to 2023 for Gold-bugs, and the Gold miners have rallied too, as can be seen on my chart of Gold vs the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers). Is it time to reach for the Ouzo yet?