Gold Investing

Expert: War has “Supercharged” Commodities Prices

Investment strategies for weathering and benefiting from current market trends were a hot topic at Sydney's recent RIU Resources Round-Up, held in early May.

Current opportunities and potential future ones were highlighted in the keynote address offered by John Forwood, chief investment officer at Lowell Resources Funds Management.

Quoting a February report from the head of commodity research at Goldman Sachs (NYSE:GS), Forwood explained to attendees that we have reached a “molecule crisis” in the commodity space and are essentially “out of everything.”

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“As we've seen in Ukraine, war has supercharged a number of these commodity prices,” John Forwood told RIU Resources Round-Up attendees.

Australia Precious Metals Update: Q1 2022 in Review

The first quarter of 2022 was a profitable one for the precious metals sector, with all four primary metals (gold, silver, platinum and palladium) registering value increases over the three month period.

Palladium was the primary gainer, adding 22.77 percent to its value over the quarter, driven higher by constrained supply and demand fundamentals. In fact, between January and March 8, the automotive metal rose by 72 percent, starting the year at US$1,849 per ounce and rising to US$3,198.60.

By the end of March, palladium had shed some of the positivity to hold in the US$2,270 level.

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What has happened so far this year in the precious metals sector? INN reviews the major updates for gold, silver, platinum and palladium.

Gold Investing

Austex's Rob Murdoch Highlights Value Opportunity in ASX-listed Resource Stocks

“The average ASX-listed resource company has about AU$11 million in the bank right now,” Rob Murdoch of Austex Resources said during his keynote address at the Brisbane Mining Conference last week.

The principal analyst at the independent consultancy firm told investors in attendance that there’s a lot of money around the sector, which has led to increased exploration spending in Australia.

In fact, exploration expenditures rose to AU$974 million during Q4 2021.

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The ASX welcomed at least 42 resource listings last year, underscoring the many opportunities available to investors in the current market.

Gold Investing

Canaccord Analyst: Gold Sector Volatility Presents “Good Value” Opportunity

Commodities such as lithium and copper enjoyed significant price growth in 2021. However, this wasn't the case for gold, even though it traditionally performs positively amid uncertainty.

Following 2020’s record-setting performance, which saw gold reach an all-time high of more than AU$2,840 per ounce, the precious metal slid lower last year and then moved sideways for the rest of the 12 month period.

The yellow metal does remain at historically high levels, but as Paul Howard, mining analyst at Canaccord Genuity (TSX:CF,OTC Pink:CCORF), pointed out, there's a major discrepancy right now between what the gold price is doing and what's happening in the corresponding equity space.

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A disconnect between the gold price and gold equity valuations is creating "screamingly good value," said Paul Howard of Canaccord Genuity at the RIU Explorers Conference.

Diamonds in Australia

Australia’s Argyle diamond mine finalized 37 years of production in 2020, decreasing national output of the gems by 90 percent and removing the world’s top source of pink stones.

With Argyle closed, miners are pinning their hopes on two past-producing mines: Ellendale and Merlin.

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Australia’s Argyle diamond mine finalized 37 years of production in 2020, decreasing national output of the gems by 90 percent and removing the world’s top source of pink stones. With Argyle closed, miners are pinning their hopes on two past-producing mines: Ellendale and Merlin. Both Australian operations are known for their unique stones, although so …

Argyle Diamond Mine Closure: What’s Next for the Sector in Australia?

Click here to read part one of this article, which covers the closure of the Argyle diamond mine.

When the mining equipment permanently shut down at Western Australia’s Argyle mine in November 2020, the country’s diamond sector entered a transitional period.

As the world’s fourth largest diamond-producing asset shuttered, domestic output of the gems instantly declined by as much as 90 percent.

The future of the Australian diamond-mining sector is now heavily reliant on exploration, with several companies vying to discover another formidable source of rare diamonds.

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With Argyle gone, the future of the Australian diamond sector is now heavily reliant on exploration, with firms vying to make another large discovery.

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