Market was all over the shop today, with a surprising positive...

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    Market was all over the shop today, with a surprising positive start despite initial news from SCMP that the trade deal was not going anywhere, but as time progressed, White House denied it and Bloomberg even released news of a possible hopeful deal but nonetheless afternoon selling pressure got the better of it.

    XGD was down 1% while XJO was flat at 0.1% , I guess its at a standstill waiting for the trade deal outcome. But my take on it is as posted earlier, a likely partial deal with Oct 15 tariffs deferred until further talks. And likely to be positive for US markets and perhaps not so for gold....but will see what happens.

    Apart from NST , which is about to announce its quarterly results soon, not much happening at Goldwatch other than a trading halt on SPX pending further clarification next Monday re: response to court proceedings brought by Venus for breach of confidentiality. At this point, I have marked it down based on indicative price. Given the small allocation, the risk is not material as it makes a small dent on the total returns. This is why I see specky gold stocks should only receive modest allocation, and stick with the majors.


    Column 1 Column 2 Column 3 Column 4 Column 5
    0   GOLD WATCH 13/9/19 10/10/19 CLOSE %Chg
    1   GOLD USD/OZ    1,496 1,509 0.9%
    2   GOLD AUD/OZ    2,178 2,236 2.7%
    3 1 GOLD [BETASHARES ETF]   $ 205.04   $    210.18 2.5%
    4 2 NORTHERN STAR (NST) [XGD]   $    10.23   $ 11.99 17.2%
    5 3 EVOLUTION MINING (EVN) [XGD]   $ 4.54   $    4.72 4.0%
    6 4 SARACEN (SAR) [XGD]   $ 3.28   $    3.77 14.9%
    7 5 GDX (VAN EYK GOLD ETF)   $    39.67   $ 40.77 2.8%
    8 6 CHALICE GOLD MINE (CHN)   $ 0.19   $ 0.215 16.2%
    9 7 BLACK CAT SYNDICATE (BC8)   $ 0.47   $ 0.440 -6.4%
    10 8 CATALYST METALS (CYL)   $ 2.32   $    2.54 9.5%
    11 9 WESTGOLD RESOURCES (WGX) [XGD]   $ 2.51   $    2.45 -2.4%
    12 10 KIRKLAND LAKE GOLD (KLA)   $    67.21   $ 70.70 5.2%
    13 11 ALKANE RESOURCES (ALK) [XGD]   $    0.780   $ 0.785 0.6%
    14 12 BELLEVUE GOLD (BGL)   $    0.625   $ 0.575 -8.0%
    15 13 ALACER GOLD (AQG) [XGD]   $    6.550   $ 6.470 -1.2%
    16   COMPOSITE RETURNS excl SPECS TO DATE     4.23%
    17 1 ORA GOLD (OAU)   $    0.016   $ 0.026 62.5%
    18 2 METEORIC RESOURCES (MEI)   $    0.070   $ 0.064 -8.6%
    19 3 SPECTRUM METAL (SPX)   $    0.086   $ 0.080 -7.0%
    20 4 ROX RESOURCES (RXL)   $    0.027   $ 0.028 3.7%
    21 5 STAVELY MINERALS (SVY)   $    1.290   $ 1.080 -16.3%
    22   COMPOSITE RETURNS TO DATE     4.52%
    23     13/9/19 10/10/19 CLOSE %Chg
    24   ASX200 (XJO)    6,669 6,547 -1.83%
    25   ASX ALL ORDS GOLD (XGD)    7,224 7,669 6.16%
 
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