News - Prospector's Diary

Silver shone brightly on financial markets for a few days this week as speculators played games while serious investors were drawn to another white metal, lithium.

Silver shone brightly on financial markets for a few days this week as speculators played games while serious investors were drawn to another white metal, lithium. The silver frolic was fun to watch as a new breed of tech-savvy day traders bid up the price of a commodity which has a track record of destroying more wealth than it creates. There are reasonable supply and demand fundamentals underpinning silver but whether they are strong enough to support a price above $US30 an ounce seems unlikely.

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Separating reality from speculative share trading has probably never been harder but if you look through the dust stirred up by day-traders and this week’s stock market correction you will see the start of the world’s seventh great resources boom.

Separating reality from speculative share trading has probably never been harder but if you look through the dust stirred up by day-traders and this week’s stock market correction you will see the start of the world’s seventh great resources boom. Recent events highlight those points because on one hand there was a feeding frenzy in the U.S. of online traders using mobile phone apps to stir the market, while on the other hand there was growing confidence that supply shortages will drive commodities higher for at least the next decade.

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Gold got a Joe Biden bump after his inauguration as the U.S. President yesterday

Gold got a Joe Biden bump after his inauguration as the U.S. President yesterday, but the battery-metals sector is (so far) proving to be the more significant winner as the new man in the White House brings with him a range of tough environmental protection policies. A clearer look of what’s to come can be seen in China where there is a market for trading in obscure commodities such as neodymium, a rare earth favoured by makers of the long-life batteries used in electric cars.

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“Follow the money.” What better time to remind investors of that advice than when a U.S. President heads for the exit and financial “flows” appear to be priming the world for a fresh commodity boom.

“Follow the money.” What better time to remind investors of that advice than when a U.S. President heads for the exit and financial “flows” appear to be priming the world for a fresh commodity boom. Back in 1972 it was Richard Nixon departing, aided by that famous “follow the money” comment attributed (perhaps incorrectly) to Deep Throat, the source of leaks against him published in the Washington Post newspaper.

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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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