In This Issue
Many Peaks is a rapidly advancing gold stock in Cote d'Ivoire
We saw panic selling last Thursday, following on from news that US inflation was higher than expected. So, the sharp fall in share prices relates back to interest rate expectations. Also, technology and AI stocks were sold off in the USA with increasing concerns about the sustainability of the AI investment boom. There is not a direct correlation with this sector and resource stocks. Nevertheless, money fled the mining sector.
Maybe last week was a great buying opportunity, as Friday experienced a good bounce that may continue next week. The Sentiment Oscillator is suggesting that this may be the case.
This week we feature Many Peaks, and impressive gold explorer in Cote d'Ivoire, and Rosewood Minerals, a pre-IPO copper explorer. We also have a few comments on Firmus
|
Suite 24, Level 6 259 Clarence St Sydney NSW 2000 |
Phone: +61 417 863 187 Email: |
