While macroeconomic pointers show gold could climb strongly later in the year, Saxo Bank’s head of commodity strategy Ole Hansen says silver and platinum could give investors bigger gains (reports MiningNews).
Platinum has been unpopular in recent years as jewellery, investment and automotive demand have fallen.
It is currently at US$856 per ounce, and has fallen firmly behind palladium, which has spent the past month at over $1500/oz.
Hansen said platinum would come up again.
The swagger of the nickel companies at a battery metals conference in Perth during the week was palpable
The swagger of the nickel companies at a battery metals conference in Perth during the week was palpable.
Nickel’s price performance of late does not explain the swagger.
After a heroic run to $US7/lb in the middle of last year, the price got beaten up something shocking in the second half with just about everything else on US-China trade war fears.
Standing on top of Mount Mann in Western Australia’s northeastern goldfields, Liontown Resources’ chairman Tim Goyder told MNN that, if all goes well, within three years the same location could be the southern edge of vast open pit
Relative newcomer First Au has announced a new lode gold discovery at its Gimlet gold project outside Kalgoorlie (reports MiningNews).
The company's shares surged by as much as 80% on the news, to an intraday high of A3.1c.
First Au's second reverse circulation campaign at Gimlet was aimed at targeting shallow oxide mineralisation, but deeper drilling allowed the discovery of a new lode.
The headline hit was 15m at 6.6 grams per tonne gold from 157m, including 2m at 31.4gpt gold.
The zinc price has been one of the surprise packages in the year to date. By now, most forecasters had the galvanising metal coming off its 2018 highs to be trading at $US1-$US1.10/lb (reports Stockhead).
But zinc has had other ideas. It was last quoted at a near 8-month high of $US1.29/lb, making it the second best performed metal of the year to date behind nickel.
The metal’s price strength is a response to stocks on the London Metal Exchange falling to the lowest levels since October 2007.