Category: News

Ever wonder how gold companies like Anglo Gold Ashanti, Gold Fields, Newcrest, Newmont or Kinross report their mineral inventory to the stock market? Many household names in the resources sector use or are implementing K2Fly’s Software as a Service (SaaS).

At a time when the sale of electric vehicles are growing, one only needs to look at Tesla share prices to see where global car markets are headed and how key businesses stand to benefit greatly. One Australian company well positioned to take advantage of this growing market is Core Lithium (ASX: CXO), which represents a high quality lithium opportunity.

Last week Reach Markets was  joined for an online fireside chat by the founder and executive chairman of Thorney Investments, Alex Waislitz. In the session he discussed his view on the current market, how he approaches investing and the themes and trends he is currently focused on.

Last month, the best and brightest minds in oncology gathered (virtually) for the American Society of Clinical Oncology (ASCO) annual conference. The conference was ablaze with talk about the biggest breakthrough in cancer research since chemotherapy, CAR-T. One of the significant CAR-T talking points was Johnson & Johnson’s CAR-T (JNJ-4528) announcement in multiple myeloma. 

US-China tensions prompted gold to hit its highest ever price on Monday. Following the tit-for-tat consulate closures in Houston and Chengdu, gold reached $US1,940 per ounce, adding 2% to last week’s gains of 7%. 

COVID-19 is the biggest shock to the world since World War II. Could it trigger a permanent change to the way we do capitalism? In 2011, geopolitical expert Ian Bremmer foretold a potential power vacuum as China emerged, Russia got bolshy, social media took hold and the West started to lose relevance. 

Clinical stage oncology company Prescient Therapeutics (ASX: PTX) has announced that two of its assets will be used for a COVID-19 antiviral testing program in Melbourne, Victoria. PTX signed the research agreement with the Peter Doherty Institute for Infection and Immunology after coming out of a trading halt on Tuesday. They have also pledged $70,000 in funding.

With all eyes on gold at the moment, now is an exciting time for gold exploration company North Stawell Minerals which has announced the launch of its Initial Public Offer (IPO).

AuTECO Minerals’ (ASX: AUT) is reviving one of Canada’s most prolific gold mining regions, Ontario. The emerging mineral exploration company is currently focused on its first high-grade gold drilling project at Pickle Crow, Ontario, a site with a resource estimate of 830,000oz at 11.6g per tonne.

With gold currently up 18% YTD and outperforming many asset classes, it looks like the precious metal’s time has come again. Westgold (ASX: WGX), one of Australia’s top 10 gold producers, is primed for the uptick.

Is the COVID-19 pandemic a “great equaliser,” as New York governor Andrew Cuomo put it? Or could it be widening the wealth gap, pushing people out of the middle class? When US unemployment hit 14.7% in April, millions of Americans applied for unemployment benefits while thousands went on rent strikes and car lines for food banks stretched for miles. If you looked closely at the cars in those lines, you’d see something that suggested this was a very different kind of recession. Amongst the beaten up Corollas, there were shiny new BMWs and Mercedes – beacons of the aspirational middle class.

In Gold We Trust. Not for the first time in the long history of the lustrous metal, gold is living up to its status as both a store of value and a safe harbour in times of markets and geopolitical foment. For investors, the question is not so much whether they should have at least some exposure to the yellow metal – but how.