• The ASX benchmark rises +1.66, like Dumbledore’s pet Phoenix
  • 11 sectors end higher, Real Estate up +4pc, like a Steve Winwood song
  • Small caps led by BAT, up like a bat in the night


Local markets were handed a license to thrill on Thursday and they used it in much the same way Wall Street did unshackled by the US Fed and its bold new plan of three rate cuts next year.

At 4pm on Thursday December 14, the S&P/ASX 200 (XJO) index was up 120 points, or +1.65%.  

Via Google


Traders in Sydney unsurprisingly went for the interest-rate-sensitive stocks off the bat, with tech, property and real estate investment trusts doing nicely thank you very much while the Materials sector also enjoyed a day in the field.

For the diggers it was goldies and lithium that attracted the shoppers.

After a torrid run, the lithium sector has rebounded, as the Fed’s rising tide lifts all boats and as questions continue around the marginal cost of lithium production.

Allkem (ASX:AKE) soared 10.27 per cent, Pilbara Minerals (ASX:PLS), Core Lithium (ASX:CXO) and Liontown Resources (ASX:LTR) were all ahead by double-digits at lunch,  with 200 countries signing up to the latest COP28 green energy transition statement.

Spot gold is sitting at around $2,030 an ounce at the moment, hitting its biggest and baddest levels so far in a pretty whacky week.

This is how the S&P/ASX All Ords Gold (XGD) index responded on Thursday – up +5.65% at 3.50pm:

This is the XGD over a longer run. There’s legs, you’d reckon…

Via marketIndex

… leading goldies like Northern Star Resources (ASX:NST) to rally.

And Genesis Energy (ASX:GNE) is up more than 10% after acquiring Kin Mining (ASX:KIN) prospective Bruno-Lewis and Raeside gold projects.

And with the price of iron ore trading at $133 per tonne. the mega miners didn’t miss out either – enter a new, new record high for Fortescue (ASX:FMG) as it gained 1.78% to $27.19, Rio Tinto (ASX:RIO) added 1.24% to $131.10, and BHP (ASX:BHP) gained +1% to $48.40.

Local bond yields were down and the local currency up against a weaker greenback, trade was also utterly unmoved by the jobless data, despite the unemployment rate clocking an 18-month high, according to the bureau of numbers.



ASX Sectors on Thursday

Via MarketIndex


We’re still watching oil…

The doves also flew for oil traders as the latest US Federal Reserve chatter boosted the demand outlook. As it rises  for a second straight session – West Texas heading back to US $70 on Thursday amid more bad counting and a large drop in US crude inventories.

Via TradingEconomics

This, despite a Norwegian tanker in the Red Sea attracting a few missiles and the odd gunman in a speedboat out of Yemen, illustrating just how fragile the shipping lines are for Middle East oil supplies.


And we’re quite transfixed by gold…

As mentioned, beautiful bullion rose to around US$2,030 on Thursday, as an enfeebled US dollar and collapsing Treasury yields formed a golden rally: leading gold, to rally.

Via TradingEconomics

This is gold for the last 20 years or so…

Via abcbullion.com.au


We’re not really watching crypto…

But if we were, we’d note that the big boys – Bitcoin and Ethereum – are back on the move and in the crypto groove.

Bitcoin jumped 4.7% while Ether found 4.1%. They’ve both already given much of that back.


And in the US…

Overnight, the Dow jumped 512 points, or 1.4%, to smash 37,000 pts and slap in the face its previous record high (36,799, made at a more innocent time as 2023 was just beginning).

Let’s say thanks to the US Federal Reserve, which held its temper and projected three rate cuts next year.

Fed officials expect to lower US rates by 75 basis points in 2024 a sharper pace of cuts than indicated in September’s projections. The new projections also showed lower inflation forecasts for this year and next.

By the way… Apple (APPL) also closed overnight at another, another all-time Apple high. Punch me, but the company, which at the start of the year was worth more than the entire German stock market, has now added a full one trillion US dollars in market cap this year alone.

It’s heading to Xmas valued at US$3 trillion.

At 4pm in Sydney, Futures tied to the 3 major US indices were ahead of the Thursday open in New York:

Via Fox News



Here are the best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
BAT Battery Minerals Ltd 0.135 61% 11,644,396 $11,286,618
NVQ Noviqtech Limited 0.004 60% 2,853,181 $3,273,613
MRQ Mrg Metals Limited 0.003 50% 3,326,681 $4,411,837
WEL Winchester Energy 0.003 50% 139,999 $2,040,844
WEC White Energy Company 0.049 44% 135,000 $2,325,810
VHT Volpara Health Tech 1.1 42% 7,850,750 $197,140,089
ADY Admiralty Resources. 0.007 40% 625,835 $6,517,896
FHS Freehill Mining Ltd. 0.004 33% 1,000,000 $8,549,503
JAV Javelin Minerals Ltd 0.004 33% 5,863,498 $3,264,347
RGS Regeneus Ltd 0.004 33% 130,000 $919,311
FGL Frugl Group Limited 0.009 29% 353,621 $6,913,428
DXB Dimerix Ltd 0.17 26% 4,084,283 $57,520,785
CNJ Conico Ltd 0.005 25% 2,685,016 $6,280,380
DCL Domacom Limited 0.02 25% 486,320 $6,968,028
GTI Gratifii 0.01 25% 1,162,000 $10,590,058
JTL Jayex Technology Ltd 0.01 25% 20,000 $2,250,228
CBL Control Bionics 0.041 24% 140,990 $4,780,764
CPM Coopermetalslimited 0.345 23% 757,281 $17,809,582
TSI Top Shelf 0.2 21% 557,525 $34,233,517
WOA Wide Open Agricultur 0.175 21% 344,210 $25,325,753
TAS Tasman Resources Ltd 0.006 20% 315,860 $3,563,346
AUE Aurumresources 0.245 20% 186,403 $7,482,500
RDN Raiden Resources Ltd 0.037 19% 52,163,741 $82,248,812
BGE Bridgesaaslimited 0.031 19% 25,000 $3,104,323
RTG RTG Mining Inc. 0.032 19% 597,372 $29,307,947
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Doing well was Battery Minerals (ASX:BAT), which has been on a tear for the past few days and appears to be gathering even more steam since announcing it had completed a private placement to two strategic investors at $0.038 per share, with 14.76 million new fully paid ordinary shares issued to raise $560,880 on 8 December.

Since then, Battery Minerals has raced well beyond that valuation, and at the time of writing is sitting at $0.110, making the 08 December buy-ins one of the most remarkably prescient transactions of the month.

Breast cancer detection tech company Volpara Health Technologies (ASX:VHT), climbed more than 42% today on news that Korean-listed cancer detection tech company Lunit wants to spend up big on a total takeover.

Lunit has offered Volpara shareholders $1.15 per share in cash, giving the deal an implied value of around $300 million, which the Volpara board has very enthusiastically endorsed.

Kore Potash (ASX:KP2) is up nicely this morning, on slim volume, a few days beyond an after-hours announcement of management changes at the company, which saw acting CFO Amanda Farris resign and new CFO Andrey Maruta step in to replace her.

And RTG Mining (ASX:RTG) is having a belter this morning as well, on the back of news that the company has confirmed more encouraging gold and copper grades along 6.5km of skarns and new structures at its 90% owned Chanach gold-copper project in the Kyrgyz Republic.

Dimerix (ASX:DXB) climbed quickly late in the day on no news, while Cooper Metals (ASX:CPM) put on more value on the back of Tuesday’s news that the Raven Cu-Au prospect at the Mt Isa East Cu-Au project had been extended, thanks to fresh RC drilling.



Here are the best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
ZMM Zimi Ltd 0.026 -35% 41,618 $4,815,896
KNM Kneomedia Limited 0.002 -33% 16,062 $4,599,814
AOA Ausmon Resorces 0.003 -25% 1,433,333 $4,027,997
GMN Gold Mountain Ltd 0.004 -20% 1,604,669 $11,345,393
ARU Arafura Rare Earths 0.1625 -19% 36,670,079 $422,672,938
NKL Nickelxltd 0.039 -19% 502,139 $4,215,128
BUX Buxton Resources Ltd 0.155 -18% 1,333,858 $32,916,909
MXR Maximus Resources 0.033 -18% 2,251,233 $12,824,231
AMD Arrow Minerals 0.0025 -17% 21,044,366 $9,071,295
AQX Alice Queen Ltd 0.005 -17% 1,712,209 $1,327,908
KRR King River Resources 0.013 -16% 7,651,866 $24,079,637
NVO Novo Resources Corp 0.13 -16% 326,170 $6,965,410
HXG Hexagon Energy 0.011 -15% 286,863 $6,667,907
ANR Anatara Ls Ltd 0.023 -15% 667,609 $4,410,773
RNX Renegade Exploration 0.006 -14% 169,166 $6,998,066
VAL Valor Resources Ltd 0.003 -14% 280,000 $13,556,672
RVT Richmond Vanadium 0.28 -14% 26,348 $28,017,537
AXN Alliance Nickel Ltd 0.048 -13% 660,495 $39,921,179
ALM Alma Metals Ltd 0.007 -13% 504,179 $8,912,006
AYT Austin Metals Ltd 0.007 -13% 59,146 $8,126,997
IBG Ironbark Zinc Ltd 0.007 -13% 845,400 $11,790,981
PAB Patrys Limited 0.007 -13% 1,986,952 $16,459,579
BIM Bindimetalslimited 0.14 -13% 2,589 $4,628,400
OEQ Orion Equities 0.07 -13% 25,000 $1,251,938
SLM Solismineralsltd 0.14 -13% 93,697 $12,558,273
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InteliCare (ASX:ICR) – pending an announcement to the market regarding a capital raising.

Sarama Resources (ASX:SRR) ) –  pending the release of an announcement in relation to an equity raising.

Kaiser Reef (ASX:KAU) – ending an announcement regarding a capital raising and board appointment.

SensOre (ASX:S3N) – pending an announcement regarding a placement.

Neuren Pharmaceuticals (ASX:NEU)  pending an announcement in relation to the top line results of its Phase 2 clinical trial in Phelan-McDermid syndrome.

Traka Resources (ASX:TKL) – pending the release of an announcement relating to a capital raising.

Arizona Lithium (ASX:AZL) L) – pending an announcement regarding a capital raising.

Tamboran Resources (ASX:TBN) – pending an announcement by the Company concerning a strategic partnership and a capital raising.

Superior Resources (ASX:SPQ) – pending an announcement in relation to a proposed capital raising.

Alumina (ASX:AWC) – pending an announcement from the Western Australian government in respect of mining approvals for Alcoa of Australia’s (AofA) Western Australian operations.