Far East Capital Newsletter
Sunstone Metals is another interesting exploration play in South America
26 Sep 2020

In This Issue


Sunstone Metals is another interesting exploration play in South America

It was a sea of red last Tuesday as the markets decided to shunt lower on the news of large scale money laundering by leading banks. For good measure the increasing virus issue decided to add to the bearish sentiment. This negative mood was exacerbated midweek by the strength in the US$, the fall in iron ore prices from around US$130 pt to US$112 pt and by gold falling below the US$1,900/oz support level. The positive moves in gold producer share prices last week have turned out to be a red herring.

All of these movements are consistent with the declining enthusiasm we have been witnessing for several weeks now, with the Sentiment Oscillator continuing to weaken.

Perhaps the biggest uncertainty that will affect markets over the coming weeks will be the US Presidential election, closely followed by the worsening virus news out of Europe. Gold may wallow for a while as we await the next impetus for an upward movement.
 

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