Far East Capital Newsletter
Gold and copper are lifting the general sentiment
15 Jan 2023

In This Issue

Gold and copper are lifting the general sentiment

The feature of the week was the gold price pushing back above US$1,900/oz, further justifying the strength in the gold stocks over recent weeks, and months. The gold price has been quietly edging higher since November, when it was trading below US$1,650/oz.

Copper stocks have been improving in recent weeks with the copper price spurting higher since the middle of December, hitting US$4.10/lb at the end of the week. This is significantly better than the US$3.40/lb level seen a few months ago. The copper company share prices have been stronger as a result. The real flyer in 2023 so far has been Cyprium Metals.

Overall it was a good week with sentiment improving strongly. The Sentiment Oscillator graph on page two shows the breach of a downtrend.

Suite 24, Level 6
259 Clarence St
Sydney NSW 2000

Phone: +61 417 863 187
Far East Capital