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.
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