Stellar Resources is gaining more attention, along with tin

The gold buyers hit the accelerator last week, allegedly because of the tension between Trump and Powell. For a brief moment it hit US$3,500/oz, but it was sold down when Trump said he wouldn't sack Powell, then it rose again as the week progressed. Anything around US$3,300/oz is still brilliant for gold producers.

The percentage moves last week were the highest we have seen, meaning the traders are having a field day. More players are coming into the bullion market each week while equities are continuing with high levels of volatility. Expect more of the same for the foreseeable future.

Stellar Resources (SRZ) is a speculative, tin-focused company that has been around for quite a while. It has always had promising ground in Tasmania but for some reason it has never progressed to developing a mine. Maybe that was because of lack of finance or maybe the management was not so inclined in the past. Maybe the resource was not sufficiently worthy. Perhaps this iteration of the tin cycle will see more progress with a PFS due in the December Half of 2025.
 

 WeeklyComm26April2025.pdf