The World Gold Council’s new Qaurum tool helps investors forecast how gold prices could react under different macroeconomic and geopolitical conditions.

What will gold do if the global economy slows? If interest rates increase? If markets tank? This is really handy stuff.

“Because gold has a unique dual nature as both a consumer good and an investment, some view its performance as unpredictable,” says Juan Carlos Artigas, director of Investment Research and Qaurum project lead.

“Qaurum …  helps investors intuitively understand gold’s drivers and the connection between demand, supply and financial, economic and geopolitical events.”

>>>Scroll down for this week’s biggest winners and losers

For example, under the ‘Global Deceleration’ scenario the model forecasts successive gold returns between 2020-2022 of 21.5 per cent, 9 per cent and 8 per cent, before slowing to 4 per cent and 3.5 per cent in 2023 and 2024, respectively.

You can play around with Qaurum here.

This week, gold moved to $US1561.60/oz ($2271.71/oz), after briefly hitting $US1611/oz the week prior on rising tensions between US and Iran.

At these prices most producers are reaping massive profits – and share prices are telling the story.

Nine of the top 12 ASX players by market cap posted gains over the past week, led by Regis Resources (ASX:RRL) and St Barbara (SBM) who were both up 10 per cent.

It was a good week overall for our basket of ASX-listed gold plays, with 63 going up, 48 going down, and 29 treading water.

Here’s how ASX gold stocks performed for the period January 13 — January 20 [intraday]:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:

Code Name 1 Week Total Return % 1 Year Total Return % Price [Intraday Monday] Market Cap
GBZ GBM RESOURCES 84 18 0.059 $ 10,921,637.00
MLS METALS AUSTRALIA 50 -63 0.0015 $ 3,207,352.75
SMI SANTANA MINERALS 50 -25 0.004 $ 10,735,782.00
CY5 CYGNUS GOLD 45 -27 0.055 $ 3,753,809.50
MSR MANAS RESOUCES 25 -38 0.0025 $ 5,286,325.00
HRN HORIZON GOLD LIMITED 24 49 0.26 $ 16,071,430.00
ALK ALKANE RESOURCES 22 263 0.725 $ 391,522,496.00
AQI ALICANTO MINERALS 21 63 0.051 $ 10,071,123.00
CTO CITIGOLD CORP 20 -14 0.005 $ 14,407,039.00
AUC AUSGOLD 20 -31 0.018 $ 18,805,392.00
MLL MALI LITHIUM 18 -52 0.087 $ 27,291,938.00
TAR TARUGA MINERALS 17 -71 0.014 $ 4,473,487.50
CHN CHALICE GOLD MINES 16 128 0.285 $ 79,479,760.00
MAU MAGNETIC RESOURCES 15 203 0.58 $ 109,094,512.00
CDV CARDINAL RESOURCES 13 3 0.385 $ 182,789,072.00
ARL ARDEA RESOURCES 13 33 0.595 $ 70,673,512.00
ONX ORMINEX 13 -57 0.09 $ 49,058,296.00
PDI PREDICTIVE DISCOVERY 13 -40 0.008 $ 6,074,170.50
TNR TORIAN RESOURCES 13 -57 0.01 $ 2,871,035.00
SLZ SULTAN RESOURCES 12 7 0.065 $ 2,857,518.00
E2M E2 METALS 11 150 0.2 $ 17,914,608.00
AAR ANGLO AUSTRALIAN RESOURCES 10 42 0.099 $ 42,399,308.00
SBM ST BARBARA 10 -35 3.02 $ 2,041,550,336.00
RRL REGIS RESOURCES 10 -4 4.55 $ 2,281,730,304.00
ALY ALCHEMY RESOURCES 9 -17 0.011 $ 6,606,292.00
TTM TITAN MINERALS 9 -25 0.18 $ 51,899,176.00
KCN KINGSGATE CONSOLIDATED 9 210 0.485 $ 107,457,320.00
EVN EVOLUTION MINING 9 2 3.875 $ 6,561,643,008.00
GED GOLDEN DEEPS 9 -42 0.025 $ 7,015,214.00
HRZ HORIZON MINERALS 9 -26 0.1 $ 44,937,396.00
RSG RESOLUTE MINING 8 3 1.1825 $ 1,065,721,408.00
NST NORTHERN STAR RESOURCES 7 32 12.46 $ 8,733,859,840.00
SLR SILVER LAKE RESOURCES 7 166 1.465 $ 1,205,386,368.00
TRY TROY RESOURCES 7 0 0.1 $ 63,206,376.00
ADN ANDROMEDA METALS 7 557 0.047 $ 65,341,716.00
PUA PURE ALUMINA 7 -57 0.016 $ 3,326,412.25
KRM KINGSROSE MINING 7 -48 0.032 $ 22,630,228.00
OKU OKLO RESOURCES 6 -33 0.165 $ 70,174,184.00
MKG MAKO GOLD 6 -39 0.07 $ 6,946,634.50
GSM GOLDEN STATE MINING 6 -65 0.059 $ 2,160,945.75
A1G AFRICAN GOLD 6 0.185 $ 9,877,000.00
GBR GREAT BOULDER RESOURCES 5 -72 0.04 $ 4,937,798.00
TAM TANAMI GOLD NL 5 -16 0.04 $ 45,828,784.00
EMR EMERALD RESOURCES NL 5 19 0.044 $ 137,180,368.00
MML MEDUSA MINING 5 134 0.885 $ 179,742,064.00
MAT MATSA RESOURCES 4 -22 0.125 $ 30,368,432.00
STN SATURN METALS 4 95 0.38 $ 27,445,982.00
ARV ARTEMIS RESOURCES 4 -77 0.027 $ 24,407,620.00
CAI CALIDUS RESOURCES 4 2 0.265 $ 54,745,712.00
SAR SARACEN MINERAL HOLDINGS 4 30 3.815 $ 4,025,551,872.00
GWR GWR GROUP 4 -19 0.081 $ 21,394,482.00
NCM NEWCREST MINING 4 37 32.09 $ 24,326,199,296.00
CMM CAPRICORN METALS 4 279 1.27 $ 415,737,344.00
TLM TALISMAN MINING 3 12 0.097 $ 18,102,954.00
RND RAND MINING 3 18 2.27 $ 136,537,040.00
BGL BELLEVUE GOLD 3 -1 0.53 $ 293,505,984.00
AME ALTO METALS 3 -6 0.037 $ 10,854,830.00
LEX LEFROY EXPLORATION 3 9 0.19 $ 19,092,482.00
TBR TRIBUNE RESOURCES 3 42 5.4 $ 303,601,536.00
MOH MOHO RESOURCES NL 2 -58 0.046 $ 2,257,018.25
CWX CARAWINE RESOURCES 2 42 0.235 $ 17,771,524.00
HAW HAWTHORN RESOURCES 1 42 0.081 $ 26,455,864.00
WGX WESTGOLD RESOURCES 1 148 2.33 $ 911,247,488.00
AAJ ARUMA RESOURCES 0 -57 0.003 $ 2,128,241.75
AYR ALLOY RESOURCES 0 -33 0.002 $ 4,177,354.75
SVL SILVER MINES 0 69 0.11 $ 91,090,400.00
GUL GULLEWA 0 0 0.029 $ 4,498,570.00
BSR BASSARI RESOURCES 0 -16 0.016 $ 38,008,880.00
WAF WEST AFRICAN RESOURCES 0 89 0.435 $ 343,839,136.00
DTM DART MINING NL 0 -25 0.09 $ 4,816,719.50
NXM NEXUS MINERALS 0 -13 0.046 $ 5,439,066.00
SFM SANTA FE MINERALS 0 -25 0.07 $ 5,097,315.00
ERM EMMERSON RESOURCES 0 57 0.11 $ 46,733,928.00
CDT CASTLE MINERALS 0 0 0.009 $ 2,135,081.50
AZM AZUMAH RESOURCES 0 10 0.033 $ 32,293,200.00
SIH SIHAYO GOLD 0 -22 0.014 $ 29,368,780.00
PRX PRODIGY GOLD NL 0 -15 0.067 $ 40,063,304.00
PRU PERSEUS MINING 0 168 1.0625 $ 1,232,219,392.00
RMS RAMELIUS RESOURCES 0 164 1.305 $ 826,380,352.00
ARM AURORA MINERALS 0 -28 0.01 $ 2,342,665.75
ANL AMANI GOLD 0 -36 0.002 $ 12,270,899.00
AOP APOLLO CONSOLIDATED 0 61 0.245 $ 53,154,368.00
AGS ALLIANCE RESOURCES 0 -11 0.105 $ 16,944,216.00
GNM GREAT NORTHERN MINERALS 0 -67 0.01 $ 3,469,358.25
BCN BEACON MINERALS 0 104 0.037 $ 102,910,776.00
OKR OKAPI RESOURCES 0 -55 0.099 $ 3,568,243.75
RGL RIVERSGOLD 0 -83 0.01 $ 1,959,783.50
ARS ALT RESOURCES 0 -31 0.021 $ 12,924,667.00
GMR GOLDEN RIM RESOURCES 0 -52 0.01 $ 11,629,661.00
DTR DATELINE RESOURCES 0 0 0.002 $ 16,420,156.00
BBX BBX MINERALS 0 -26 0.125 $ 53,740,920.00
CGN CRATER GOLD MINING 0 -8 0.012 $ 14,729,950.00
GOR GOLD ROAD RESOURCES -1 93 1.35 $ 1,168,939,520.00
DGR DGR GLOBAL -1 -38 0.074 $ 45,375,460.00
CYL CATALYST METALS -1 69 2.96 $ 247,196,672.00
GMN GOLD MOUNTAIN -1 -3 0.072 $ 43,793,140.00
BC8 BLACK CAT SYNDICATE -1 138 0.33 $ 26,095,682.00
FML FOCUS MINERALS -2 36 0.235 $ 47,514,628.00
BDC BARDOC GOLD -2 57 0.085 $ 115,378,152.00
NWM NORWEST MINERALS -3 -2 0.16 $ 13,414,429.00
TIE TIETTO MINERALS -4 279 0.265 $ 79,906,432.00
MEU MARMOTA -4 73 0.026 $ 21,532,000.00
RXL ROX RESOURCES -4 213 0.029 $ 36,448,680.00
RML RESOLUTION MINERALS -4 -31 0.048 $ 5,465,613.50
NUS NUSANTARA RESOURCES -4 63 0.325 $ 62,752,720.00
SPX SPECTRUM METALS -4 1600 0.089 $ 119,154,304.00
BAR BARRA RESOURCES -5 -48 0.021 $ 11,930,315.00
HMX HAMMER METALS -5 -13 0.021 $ 11,158,378.00
OAU ORA GOLD -5 62 0.021 $ 13,568,749.00
DCN DACIAN GOLD -5 -40 1.45 $ 328,935,264.00
BRB BREAKER RESOURCES NL -5 -13 0.29 $ 68,239,424.00
SAU SOUTHERN GOLD -5 21 0.175 $ 16,782,464.00
DGO DGO GOLD -5 25 0.9 $ 31,500,744.00
VAN VANGO MINING -6 -9 0.155 $ 117,182,600.00
AMG AUSMEX MINING GROUP -7 25 0.072 $ 36,899,256.00
DEG DE GREY MINING -8 -55 0.049 $ 50,888,984.00
GSN GREAT SOUTHERN MINING -8 94 0.06 $ 20,322,902.00
VMC VENUS METALS CORP -8 11 0.18 $ 27,194,162.00
BLK BLACKHAM RESOURCES -8 -73 0.0115 $ 56,594,912.00
BNR BULLETIN RESOURCES -9 -16 0.021 $ 3,944,447.75
DAU DAMPIER GOLD -9 -38 0.02 $ 3,860,727.00
MTH MITHRIL RESOURCES -9 100 0.01 $ 4,903,892.00
AWV ANOVA METALS -10 0 0.009 $ 6,391,323.00
KTA KRAKATOA RESOURCES -10 44 0.036 $ 6,650,000.00
RED RED 5 -10 211 0.32 $ 404,652,704.00
KWR KINGWEST RESOURCES -11 -8 0.165 $ 17,099,064.00
PGI PANTERRA GOLD -11 50 0.035 $ 6,244,533.00
GML GATEWAY MINING -11 -6 0.016 $ 21,433,856.00
NAG NAGAMBIE RESOURCES -12 -49 0.036 $ 16,197,564.00
LNY LANEWAY RESOURCES -14 50 0.007 $ 22,320,396.00
DHR DARK HORSE RESOURCES -14 -33 0.003 $ 8,287,742.00
NES NELSON RESOURCES -15 -62 0.051 $ 2,325,235.25
WWI WEST WITS MINING -15 10 0.011 $ 10,312,841.00
CXU CAULDRON ENERGY -16 11 0.021 $ 7,887,999.50
MDI MIDDLE ISLAND RESOURCES -20 -33 0.004 $ 6,472,687.00
TMX TERRAIN MINERALS -20 14 0.004 $ 2,892,644.00
TSC TWENTY SEVEN CO -20 100 0.008 $ 9,921,951.00
KGM KALNORTH GOLD MINES -20 -43 0.004 $ 4,471,200.50
VKA VIKING MINES -23 -41 0.01 $ 4,078,332.25
AVW AVIRA RESOURCES -25 -50 0.0015 $ 2,250,000.00

 

SMALL CAP HIGHLIGHTS

GBM Resources (ASX:GBZ) +84%

Market Cap: ~$11m

Gold-copper explorer GBM leads the pack this week on no news.

In December, the minnow finalised a deal to buy Millstream Resources and, by extension, a 50 per cent share in an advanced heap leach gold project in NSW called White Dam.

Between 2010 and 2017 White Dam produced about 170,000oz from heap leaching low-grade ore sourced from a couple of open pits.

The company says this JV with Round Oak Minerals — a subsidiary of $5.41 billion market cap Washington H. Soul Pattinson & Co (WHSP) — could mean cash flow within the next 12 months.

 

Alkane Resources (ASX:ALK) +22%

Market Cap: ~$391m

Alkane was thrust into the spotlight last year after announcing a big porphyry discovery called Boda in NSW.

But Alkane is already a successful — and growing — gold miner. Its 35,000oz-per-year Tomingley Operations (TGO) need more gold though, which is why the company has spent the last two years conducting an extensive (and ultimately successful) regional exploration program.

A 60,000m resource definition drilling program on the San Antonio and Roswell prospects, just south of the TGO mine and processing facility, is now in progress.

Latest results from Roswell include a massive 84m intersection grading 4.06 grams per tonne (g/t) gold, 223m from surface.

The initial Roswell resource is now expected to be released this month.

READ: Alkane is riding the rare earths wave, but don’t forget about Tomingley

 

Chalice Gold Mines (ASX:CHN) +16%

Market Cap: $79m

Cashed up Chalice could be dialling in on something big at the Pyramid Hill project, located in Victoria’s gold-rich Bendigo region.

A new gold trend called Karri was discovered through shallow early stage drilling late last year and is already 3km long.

Deeper drilling to test this target kicks off very soon, Chalice says.

“Given the scale of the target, the favourable geological setting and the tenor of the results being generated by this relatively early stage of exploration, we believe there is the potential to discover a largescale gold system at depth,” managing director Alex Dorsch says.

“The Karri gold trend has a consistent north-south orientation, sub-parallel to the interpreted position of the regional scale Muckleford Fault.

“This structural setting is similar to many large-scale gold deposits in the Bendigo Zone, such as Fosterville, ~70km south-east of Karri, where the high-grade gold zones are associated with a secondary structure, sub-parallel to the regional-scale fault.”

READ MORE: Who’s close to uncovering the next Nova or Fosterville?

  

Magnetic Resources (ASX:MAU) +15 %

Market Cap: $109m

Sliding into Stockhead’s top 10 biggest resources movers for 2019 with a 12-month, +278 per cent gain, WA-based Magnetic is a quiet achiever – but probably not for much longer.

This former iron ore play may be onto something massive at Hawks Nest 9 (HN9) – a shallow, sub 50m-from-surface mineralised zone which is 3km long, 200m-wide and counting.

Last week, the company announced the “breakthrough” discovery of a thick mineralised intrusive porphyry feeder zone up to 57m thick and +400m long.

It reckons there are similarities here with the neighbouring Wallaby (7.1 million ounces) and Jupiter (1.3 million ounces) deposits.

Like we said – Magnetic probably won’t be a ‘quiet’ stock for much longer.

READ MORE: Did Magnetic Resources’ HN9 project just go Super Saiyan?