A couple of gold exploration stocks that went for a run

The interest rate optimists took a hit last week with the Governor of the Reserve Bank electing to hold interest rates for the time being. The market fell as a result. It is arguable as to what the correlation between interest rates and the mining sector share prices really is, but it cannot just be a coincidence that the market turned down when interest rates started to rise, coinciding with the burst of inflation a few years back. Certainly, a fall in interest rates cannot be bad for the market. We will have to wait a little longer for any benefit.

Since my statement in May that we were in the early stages of the next bull market we have seen a softer trend. That would have been predictable if you focused on the Sentiment Oscillator where the resistance line was being nudged.

This week we mention two grass roots gold exploration stocks. Both released drill results that were interesting but not spectacular, but both of them more than doubled in price. What does that tell you out the market?
 

 WeeklyComm12July2025.pdf