News - Prospector's Diary

Is the boom back? Maybe, is the only correct answer to that provocative question after a remarkable week on global markets triggered by confidence in the success of Covid-19 vaccinations.

Is the boom back? Maybe, is the only correct answer to that provocative question after a remarkable week on global markets triggered by confidence in the success of Covid-19 vaccinations. On one side of the returning-boom debate was the evidence of commodity markets where iron ore and copper hit seven-year price highs and gold shrugged off last week’s price correction to move back above the $US1800 an ounce mark.

read more

Uncertainty rules as investors struggle to accept that after 11 months of Covid-caused chaos, financial markets are back to where they started.

Uncertainty rules as investors struggle to accept that after 11 months of Covid-caused chaos, financial markets are back to where they started. But there are two commodities that offer opportunities for bulls and bears -- oil and gold. Oil, a politically incorrect fuel second only to coal, has been an investment star this month, rising 30% to $US48 a barrel as a flow of positive vaccine news boosts confidence in 2021 being a strong year for economic growth thanks to government spending and growing consumer confidence.

read more

Discovery, deals and outages dominated events on the Australian market this week but the big news which continues to affect everything was off-market: the Covid-19 pandemic and vaccines which increasingly look like next year’s “get out of jail card”.

Discovery, deals and outages dominated events on the Australian market this week but the big news which continues to affect everything was off-market: the Covid-19 pandemic and vaccines which increasingly look like next year’s “get out of jail card”. Chalice and its text-book re-writing palladium discovery near Perth was one of the big movers, rising to an all-time high of $3.84, before easing to close at $3.69, up 50c in the week and good enough to retain membership of the $1 billion market-cap club.

read more

“When the facts change, I change my mind, what do you do?” – a question credited to the great 20th century economist, Lord Keynes, and one which today’s investors should note as encouraging Covid-19 vaccine news floods financial markets.

“When the facts change, I change my mind, what do you do?” – a question credited to the great 20th century economist, Lord Keynes, and one which today’s investors should note as encouraging Covid-19 vaccine news floods financial markets. Gold, a favourite of many Australian investors, was first to feel the chill of a market shift with the price taking a $US100 an ounce hit, partly because of vaccine news and partly because of a modest increase in U.S. interest rates and a weakening of the U.S. dollar.

read more

Battery metals and rare earths could emerge as the big winners if Joe Biden is confirmed as the winner of the U.S. Presidential election

Battery metals and rare earths could emerge as the big winners if Joe Biden is confirmed as the winner of the U.S. Presidential election, though the more likely winner in the short term will be gold as market volatility rises until all votes are counted and legal claims resolved. With policies that clearly favour renewable energy over fossil fuels, a Biden-led government will accelerate the shift to electric cars, wind turbines and solar panels. Coal, oil and gas will be the big losers from the shift.

read more

Virus 1. Rest of the World 0. That’s the score on the first of two mega-issues which drove markets lower this week with virus gloom magnified by the uncertainty ahead of Tuesday’s U.S. Presidential election.

Virus 1. Rest of the World 0. That’s the score on the first of two mega-issues which drove markets lower this week with virus gloom magnified by the uncertainty ahead of Tuesday’s U.S. Presidential election. Australia, which has largely dodged the latest outbreak of Covid-19 that is restricting mobility in Europe and the U.S., did not evade the effects of international market turmoil, but the sell-off here was less severe and more of a correction than a crash.

read more

A “blue wave” in US politics could become a “green wave” for Australian investors with early signs of a significant recovery developing in the battery metals sector of the stock market.

A “blue wave” in US politics could become a “green wave” for Australian investors with early signs of a significant recovery developing in the battery metals sector of the stock market. Despite another 11-days of campaigning before the US Presidential election on November 3, early bets are being placed on lithium, nickel and graphite miners in the hope that the Democrat contender, Joe Biden, defeats Donald Trump.

read more

A lot was said this week, mainly at the delayed Diggers & Dealers mining forum in Kalgoorlie, but not much changed, except for a smattering of encouraging discovery and project development news.

A lot was said this week, mainly at the delayed Diggers & Dealers mining forum in Kalgoorlie, but not much changed, except for a smattering of encouraging discovery and project development news. The hothouse atmosphere of the conference (in a 37-degree hothouse environment of Kalgoorlie at the start of summer) smothered the reality of nervous financial markets praying for an end to the Covid-19 pandemic and that other confidence sapping event, the U.S. Presidential election.

read more

Upcoming Events

View All

18th - 19th May 2021

RRS 2021 Gold Coast Conference

Resources Rising Stars will be back to the Gold Coast in 2021 for our 18th Annual Investor Conference!

© 2020 Resources Rising Stars All Rights Reserved