Gold closed the week at $4,194 – up (at last) from $4,140
last week as rate-hike expectations of the Fed fell and Donald Trump signed a
deal with Russia for loads of diesel (much to Zelensky’s chagrin). Gold stocks
also managed a small rebound late week, as can be seen on the chart below
(courtesy of ADVFN) of Gold against its mining ETFs GDX, GDXJ and GOEX.
Gold closed the week at $4,140 – down again on last week’s
$4,284 as the bond rout continued. Of course, a bond rout means their
respective yields increase and the US dollar has also benefitted from the Fed
hiking rates and expectations of more to come. So in some ways the fact that
the yellow stuff hasn’t declined more is a good sign. However, Gold stocks took
a bit of a hit last week, as can be seen on the chart below (courtesy of ADVFN)
of Gold against its mining ETFs GDX, GDXJ and GOEX.
AIM listed URU Metals (URU), run by John Zorbas, released
its full year results to March 2026 at the last possible moment: 4.12pm on
deadline day, Wednesday September 30th. As Tom Winnifrith oft
states, good news travels fast….and URU’s news was definitely not good!
Gold closed the week at $4,284 – dropping from last week’s
$4,377 as the market priced in further rate hikes from the Fed and treasury
yields broke more long-term records. Gold stocks also fell, but seem to be
outperforming the yellow metal as this mini-correction grinds on, as can be
seen on the chart below (courtesy of ADVFN) of Gold against its mining ETFs
GDX, GDXJ and GOEX.
Gold closed the week at $4,377 – up from last week’s $4,348
despite the Fed hiking interest rates by 0.25%. Gold stocks also rose – rather more
firmly than the yellow metal – as can be seen on the chart below (courtesy, as
ever, of ADVFN) of Gold against its mining ETFs GDX, GDXJ and GOEX. So what to
make of that?
Gold closed the week at $4,348 – down from last week’s
$4,429 and back below $4,400. Gold stocks also suffered as can be seen on the
chart below (courtesy of ADVFN) of Gold against its mining ETFs GDX, GDXJ and GOEX,
although so far the apparent re-rating since the start of August seems still
intact…..for now!
Shares in AIM-listed Kefi (KEFI) are sharply lower today at
just over 0.7p (last seen) after the company announced that there had been a
security incident last Friday which resulted in multiple fatalities amongst
security personnel, community members and a company employee. Project
development has been suspended and drawdowns of project finance have been
deferred for the time being.
AIM-listed jam-tomorrow, maybe, never investment company
Tern plc (TERN) announced yet another discounted placing this morning – its fifth
this year! Priced at 0.9p per share and structured as an underwritten Open
Offer (with CMC Markets footing the bill – so we all know any shares not subscribed
for will just hit the market, further depressing the share price) the
announcement let slip a few worrying matters….
Gold closed the week at $4,429 – a little off from last week’s
$4,454 but, I would suggest, a good effort in the face of (apparently) good
jobs data on Friday. Gold stocks also had a good week, as can be seen on the
chart (courtesy of ADVFN) below of Gold against its mining ETFs GDX, GDXJ and
GOEX where we can see clear outperformance of its miners since late July….long
may that continue!
AIM-listed Kefi Gold and Copper (KEFI) announced some very good news this morning. Tom Winnifrith has long speculated that Exec Chair ‘Arry Adams would move “upstairs” to a non-exec chairman role with a new CEO appointed, and that his sidekick FD, 176 year old Jon Leach, would be quietly pensioned off. This morning we got confirmation of both. Hooray, hooray – its ticker-tape and party-poppers time! Oh, hang on……
