views

The View From The Montana Log-Cabin As Gold Heads North Again

Gold closed the week at $2,360, having pushed as high as $2,378 – a good gain from last week’s $2,301. So far, $2,300 has held up well as support and whilst there remains a large increase in price for the market to digest, it could be that we head into higher territory again in short order.

views

The View From The Montana Log-Cabin As Gold Correction Continues And More Dark Clouds Appear

Gold closed the week at $2,301 – down from last week’s $2,337 but still above $2,300 and firmly in bullish territory as the big move through $2,100 corrects. This may continue for a little while yet, but economic dark clouds continue to gather over the US which will surely offer a tailwind to the yellow stuff.

views

Conroy Gold And Natural Resources – Uh-Oh! The Swanny kiss of death strikes again

At 3.46pm yesterday afternoon – more-or-less no-one-is-watching o’clock – AIM-listed Conroy Gold and Natural Resources (CGNR) released an “Update on Joint Venture” RNS. Hmm….an intra-day release, never a good sign – and the news was bad.

views

The View From The Montana Log-Cabin As Gold Corrects, Sort Of, Whilst Clouds Gather

Gold closed the week at $2,337 having corrected back from last week’s $2,391. But after testing $2,300, it drifted north again. Meanwhile Gold stocks had a better time of things, almost back at recent highs as can be seen on the chart of Gold VS mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).

views

Ariana – More Thoughts On Yesterday’s Surprise Move

I’ve been chewing over the announcement yesterday by AIM-listed Ariana Resources (AAU) which is to takeover Rockover Holdings, the owner of the Dowke Gold project in Zimbabwe. There are a few salient points here.

views

Ariana – Surprise!

AIM-listed Ariana Resources (AAU) offered up a big surprise this morning – it is to buy Rockover, the owner of the Gold mine in Zimbabwe that Ariana already had a small hand in already. Generally I don’t like surprises and was somewhat taken aback by the news.

views

Roadside Real Estate (ex-Barkby Disaster) – Still Suspended (No Accounts) But A Bonkers Refinancing

AIM-listed Roadside Real Estate (ROAD) – the renamed shambles that was Barkby (BARK) – has announced details of a refinancing package this morning. The shares remain suspended as the accounts are still not out, but even so this looks to me to be another disaster in the making.

views

The View From The Montana Log-Cabin As Gold Presses $2,400 Again

Gold closed the week at $2,391 – up on last week’s $2,344 and again pressing the apparent barrier at $2,400. After a week in which the market reacted first to Iran’s strike on Israel and then the Israeli response, followed by signs that Iran is holding back on further escalation this appears to suggest, according to Tom Winnifrith, that the Gold bull could well have legs.

views

Sosandar – Full Year Trading Update Misses Targets

AIM-listed online ladieswear purveyor, Sosandar (SOS), released a full year trading update the morning, boasting a “strong H2 with FY24 revenue growth of 9%”. But the shares are off, last seen by 11%.What’s going on here?

views

The View From The Montana Log-Cabin As “Mr Slammy” Hits Gold Before Iran Strikes Israel

Gold closed the week at $2,344 – another new all-time weekly high, up from last week’s 2,330, but having peaked yesterday at around $2,430 it was a bit of a disappointment for Gold bulls. After the peak in December, out favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com commented that “Mr Slammy” had come into play, crunching the yellow metal price back down again. On Friday he paid another visit…..and then Iran launched an attack on Israel.