AnteoTech has its mojo back and Rumble Resources looks like it is a real winner on fundamentals
It has been more of the same this week, with the war that never ends! Trump is making the same mistake that Putin made with his Special Operation in Ukraine. Easy to start. Difficult to end. Let's hope that the Iranian War doesn't last as long as the Ukraine War.
In the meantime, unlike the ever rising US markets, our own ASX is struggling to put on a positive face. Gold continues to be uninspiring, notwithstanding that profit margins for gold stocks continue to be very strong. It is the momentum that has been lost, both in the bullion price and listed gold companies, that is holding the market back; that, and the large number of gold companies to choose from. We are looking for a new, inspirational thematic.
My diagnosis last week, that bear market psychology was taking hold, seems to be correct. That does not mean that selected share prices can't rise though. It does mean you have more time to consider stories before pressing the buy button.
This week we are playing catchup with recent news flow from companies on our radar. Unfortunately for some critics who snipe at how I sometimes cover stocks that I own, and unrealistically expect the I should be 100% charitable and only cover stocks NOT in my portfolio, I do own a number of these being covered today. It is notable that these companies; AnteoTech, CuFe and Rumble broke to new highs last week while the overall market is generally on the back foot. I must be doing something right. Read on.