Pantoro is cementing its future as a profitable high grade gold producer

Previously I had mentioned that Pantoro could be developing into another Central Norseman; you know, the famous gold company that operated high grade gold mines at Norseman for more than 50 years. Admittedly, that was a big call, but news this week has the Company well advanced along that path.

The correction we were looking for at the beginning of the week has started with many of the larger stocks giving back some of the recent gains. So far this has been modest, but don’t be surprised if it has further to go.

Economic news out of Europe has been subdued this week with growth slowing in Germany, private sector growth in France losing momentum and inflation numbers in the UK have been lower than expected. On this flip side this all means that the chances of continued interest rate rises in the short term are lessening. Rising oil prices will be showing up in the inflation figure in future months though. For the time being, going into the European summer, there seems to be no dominant push in either direction. Maybe that is why people sell in May and go away. 

 WeeklyComm26May2018.pdf