News - Prospector's Diary

Energy, in its many forms, could be the winning investment theme for 2021 as global growth rebounds and vaccine-enabled mobility accelerates.

Energy, in its many forms, could be the winning investment theme for 2021 as global growth rebounds and vaccine-enabled mobility accelerates. Old energy, in the form of oil and coal, will continue to recover while battery metals, the new energy, could start to deliver substantial investment returns after a false start in 2018 – which is why Independence Group has jumped at the chance to buy a slice of Greenbushes, the world’s biggest and best lithium project.

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Gold regained a little of its recently-lost ground, but the more interesting developments on markets this week were the seemingly unstoppable rise of iron ore

Gold regained a little of its recently-lost ground, but the more interesting developments on markets this week were the seemingly unstoppable rise of iron ore and a reminder that battery metals is a sector with great growth potential. Independence Group, which already has a foothold in nickel, one of the key ingredients in batteries, demonstrated its determination to dive deeper into the sector by snapping up a 24.9% stake in the world’s biggest and best lithium mine at Greenbushes in WA.

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Kairos Minerals (ASX: KAI) has begun a program of 14 holes at the Old Faithful gold prospect, part of its Mt York project in the Pilbara, after receiving “highly positive” results from a recently completed sub-audio magnetic (SAM) survey

Kairos Minerals (ASX: KAI) has begun a program of 14 holes at the Old Faithful gold prospect, part of its Mt York project in the Pilbara, after receiving “highly positive” results from a recently completed sub-audio magnetic (SAM) survey (reports Small Caps). Drilling will test new targets revealed by the SAM survey as well as look for extensions to the current resource and high-grade zones within Old Faithful.

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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.

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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.

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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.

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“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.

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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.

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