It is official, the gold boom is over and it is all because of the attention that has been heaped on cryptocurrencies, particularly bitcoin.

After all, that is the conclusion reached by strategists from JP Morgan, the largest bank in the US, and they can’t be wrong right?

According to Kitco News, JP Morgan said in a note to clients this week that gold could suffer in the long-term as bitcoin is adopted more widely.

It pointed out that the Grayscale Bitcoin Trust had almost $US2bn of inflows since October while gold-backed exchange-traded funds saw $7bn of outflows during the same period.

gold price digger december 11 2020
USD gold price over the past year.

But we might be getting a little ahead of ourselves as bitcoin currently represents just 0.18 per cent of assets while gold represents a substantially larger 3.3 per cent.

Other analysts still believe that macroeconomic conditions will continue to favour gold and its stablemate silver in 2021.

Winners & Losers

Here’s how ASX-listed gold stocks performed December 4 – December 11 [intraday].

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

CODE COMPANY WEEKLY CHANGE % YEARLY CHANGE % PRICE [intraday Friday] MARKET CAP
SI6 SI6 Metals Limited 147 825 0.037 $ 47,698,466.85
ANL Amani Gold Ltd 50 -25 0.0015 $ 9,386,996.75
TMZ Thomson Res Ltd 34 366 0.115 $ 30,571,006.90
GTR Gti Resources 33 200 0.024 $ 15,408,431.95
NES Nelson Resources. 31 40 0.077 $ 9,069,369.22
ARV Artemis Resources 26 559 0.145 $ 153,463,182.80
GWR GWR Group Ltd 26 172 0.245 $ 67,855,805.64
XTC Xantippe Res Ltd 25 25 0.0025 $ 10,186,411.01
PUA Peak Minerals Ltd 22 119 0.033 $ 16,978,712.28
A1G African Gold Ltd. 22 24 0.22 $ 9,082,538.55
OKR Okapi Resources 21 52 0.205 $ 7,388,787.53
RDN Raiden Resources Ltd 19 357 0.032 $ 17,372,823.24
ADN Andromeda Metals Ltd 17 471 0.28 $ 604,051,353.29
MSR Manas Res Ltd 17 250 0.007 $ 19,321,915.19
DCX Discovex Res Ltd 17 17 0.007 $ 8,373,148.53
BNR Bulletin Res Ltd 16 204 0.085 $ 14,702,032.07
SNG Siren Gold 16 0 0.81 $ 48,162,168.28
CAZ Cazaly Resources 16 136 0.052 $ 18,395,356.62
BRB Breaker Res NL 15 -35 0.195 $ 63,538,981.16
LCY Legacy Iron Ore 14 167 0.008 $ 43,730,669.62
LCY Legacy Iron Ore 14 167 0.008 $ 43,730,669.62
KTA Krakatoa Resources 14 114 0.075 $ 19,247,550.00
SPQ Superior Resources 13 263 0.017 $ 20,245,369.39
PRS Prospech Limited 13 0 0.225 $ 14,954,735.47
MCT Metalicity Limited 12 387 0.019 $ 31,335,369.32
VKA Viking Mines Ltd 10 269 0.032 $ 11,905,592.62
TRY Troy Resources Ltd 10 -16 0.092 $ 67,349,866.66
EMU EMU NL 10 2 0.046 $ 16,261,250.06
PUR Pursuit Minerals 10 311 0.023 $ 15,447,046.08
PNM Pacific Nickel Mines 9 -42 0.058 $ 8,037,326.10
WMX Wiluna Mining Corp 9 33 1.59 $ 153,218,221.63
KAI Kairos Minerals Ltd 9 296 0.037 $ 65,349,387.36
RDS Redstone Resources 8 44 0.013 $ 6,794,190.21
TMX Terrain Minerals 8 225 0.013 $ 9,564,893.12
VAN Vango Mining Ltd 8 -51 0.078 $ 80,481,013.07
RMX Red Mount Min Ltd 8 86 0.013 $ 13,575,869.87
NXM Nexus Minerals Ltd 8 198 0.14 $ 34,181,233.94
GUL Gullewa Limited 7 275 0.105 $ 17,049,175.50
PNR Pantoro Limited 7 61 0.225 $ 309,847,610.16
NUS Nusantara Resources 7 -14 0.32 $ 71,074,632.17
GIB Gibb River Diamonds 6 844 0.17 $ 37,014,152.88
WGX Westgold Resources. 6 38 2.65 $ 1,085,069,491.20
ENR Encounter Resources 6 29 0.18 $ 56,517,255.90
KZR Kalamazoo Resources 6 107 0.56 $ 73,327,203.04
CXU Cauldron Energy Ltd 6 52 0.038 $ 17,023,981.46
DTM Dart Mining NL 6 96 0.19 $ 19,489,367.82
CHN Chalice Mining Ltd 5 2439 4.19 $ 1,409,188,775.40
MTC Metalstech Ltd 5 518 0.021 $ 30,779,203.98
MEI Meteoric Resources 5 31 0.063 $ 78,133,503.80
SIH Sihayo Gold Limited 5 45 0.021 $ 62,415,710.32
HXG Hexagon Energy 5 -7 0.064 $ 19,593,037.60
AOP Apollo Consolidated 5 52 0.32 $ 86,110,588.80
SAU Southern Gold 5 -39 0.11 $ 23,466,163.16
CEL Challenger Exp Ltd 5 150 0.22 $ 118,771,843.49
TTM Titan Minerals 5 -36 0.115 $ 133,821,230.16
MKG Mako Gold 4 56 0.12 $ 30,868,992.24
KCN Kingsgate Consolid. 4 94 0.815 $ 183,243,011.40
CST Castile Resources 4 0 0.275 $ 54,920,283.28
AXE Archer Materials 4 340 0.55 $ 124,784,283.03
AQX Alice Queen Ltd 4 -7 0.028 $ 29,466,816.36
GBZ GBM Rsources Ltd 4 308 0.14 $ 56,371,071.96
MGV Musgrave Minerals 4 372 0.425 $ 202,976,721.13
FFR Firefly Resources 3 305 0.165 $ 47,966,325.12
CY5 Cygnus Gold Limited 3 350 0.18 $ 19,452,617.64
SKY SKY Metals Ltd 3 109 0.205 $ 49,329,965.60
EMR Emerald Res NL 2 65 0.645 $ 332,431,198.52
BYH Bryah Resources Ltd 1 62 0.068 $ 8,571,799.60
TAM Tanami Gold NL 1 95 0.076 $ 91,657,569.59
MAU Magnetic Resources 1 142 1.19 $ 256,163,081.75
TIE Tietto Minerals 1 72 0.43 $ 194,493,496.08
NWM Norwest Minerals 1 -53 0.095 $ 10,230,976.83
CDV Cardinal Reso Ltd 1 274 1.09 $ 575,521,551.63
TRM Truscott Mining Corp 0 125 0.018 $ 2,302,947.79
WCN White Cliff Min Ltd 0 460 0.028 $ 13,445,506.07
G88 Golden Mile Res Ltd 0 25 0.05 $ 6,027,898.07
NPM Newpeak Metals 0 0 0.003 $ 14,004,487.53
KGM Kalnorth Gold Ltd 0 225 0.013 $ 11,625,120.78
KAU Kaiser Reef 0 0 0.41 $ 10,957,250.41
HRZ Horizon 0 11 0.105 $ 65,317,148.00
MOH Moho Resources 0 122 0.1 $ 7,494,653.60
AYM Australia United Min 0 125 0.009 $ 16,583,197.37
BDC Bardoc Gold Ltd 0 0 0.074 $ 126,356,238.45
HRN Horizon Gold Ltd 0 123 0.44 $ 38,631,448.68
ERM Emmerson Resources 0 -43 0.077 $ 37,662,602.17
BCN Beacon Minerals 0 0 0.037 $ 108,938,668.89
AUT Auteco Minerals 0 1150 0.1 $ 153,583,535.73
PKO Peako Limited 0 7 0.024 $ 4,801,354.43
HWK Hawkstone Mng Ltd 0 67 0.01 $ 15,115,735.42
MHC Manhattan Corp Ltd 0 480 0.029 $ 37,135,803.40
AWV Anova Metals Ltd 0 195 0.026 $ 37,260,449.20
NAE New Age Exploration 0 300 0.012 $ 14,244,364.92
OKU Oklo Resources Ltd 0 59 0.23 $ 110,783,892.12
VRC Volt Resources Ltd 0 10 0.011 $ 23,291,109.11
AVW Avira Resources Ltd 0 350 0.009 $ 12,375,360.00
DTR Dateline Resources 0 0 0.002 $ 16,420,156.15
MML Medusa Mining Ltd -1 12 0.77 $ 160,001,611.77
E2M E2 Metals -1 286 0.695 $ 99,522,839.99
SLR Silver Lake Resource -1 56 1.81 $ 1,560,388,307.55
AL8 Alderan Resource Ltd -1 210 0.093 $ 27,631,021.59
M2R Miramar -1 0 0.33 $ 13,935,081.60
MRZ Mont Royal Resources -2 20 0.3 $ 9,907,329.00
PDI Predictive Disc Ltd -2 610 0.056 $ 56,263,200.73
BGL Bellevue Gold Ltd -2 166 1.35 $ 1,139,264,613.82
GBR Greatbould Resources -2 -4 0.048 $ 9,026,868.96
MEU Marmota Limited -2 135 0.047 $ 45,521,083.43
VMC Venus Metals Cor Ltd -2 24 0.23 $ 34,748,097.09
NCM Newcrest Mining -2 -6 27.05 $ 22,112,350,940.72
AMG Ausmex Mining Gp Ltd -2 -40 0.045 $ 25,188,142.26
BC8 Black Cat Syndicate -2 111 0.665 $ 75,029,613.56
CHZ Chesser Resources -2 226 0.215 $ 96,656,653.88
MKR Manuka Resources. -2 0 0.43 $ 31,521,136.17
LEX Lefroy Exploration -3 0 0.195 $ 23,263,759.94
MEG Megado -3 0 0.18 $ 6,907,661.08
PRU Perseus Mining Ltd -3 19 1.16 $ 1,397,704,831.80
FML Focus Minerals Ltd -3 34 0.335 $ 61,220,769.28
ANX Anax Metals Ltd -3 476 0.064 $ 17,760,411.26
WAF West African Res Ltd -3 132 0.94 $ 808,316,407.72
ARN Aldoro Resources -3 -3 0.145 $ 9,293,312.42
AAU Antilles Gold Ltd -3 87 0.058 $ 11,318,215.64
ZNC Zenith Minerals Ltd -3 169 0.145 $ 41,210,404.20
KSN Kingston Resources -3 104 0.285 $ 69,314,768.10
GED Golden Deeps -3 -44 0.014 $ 7,555,669.79
TSO Tesoro Resources Ltd -3 589 0.28 $ 117,829,687.08
TBR Tribune Res Ltd -4 0 5.99 $ 314,283,781.23
MVL Marvel Gold Limited -4 -44 0.052 $ 26,958,135.07
SFM Santa Fe Minerals -4 34 0.094 $ 6,844,966.17
SLZ Sultan Resources Ltd -4 251 0.235 $ 16,340,581.42
CMM Capricorn Metals -4 36 1.63 $ 560,678,935.41
AQI Alicanto Min Ltd -4 125 0.115 $ 39,230,095.32
DCN Dacian Gold Ltd -4 -59 0.34 $ 191,995,451.13
SBM St Barbara Limited -4 0 2.49 $ 1,735,180,960.44
YRL Yandal Resources -4 90 0.45 $ 35,208,706.95
NVA Nova Minerals Ltd -4 393 0.17 $ 275,541,196.76
DGO DGO Gold Limited -4 222 2.87 $ 202,448,106.72
SVY Stavely Minerals Ltd -4 -10 0.87 $ 223,122,041.46
PAK Pacific American Hld -5 -26 0.021 $ 6,920,867.80
CBY Canterbury Resources -5 -53 0.105 $ 9,241,574.48
RND Rand Mining Ltd -5 -13 1.9 $ 111,575,421.13
SAR Saracen Mineral -5 59 4.63 $ 5,084,053,453.62
STN Saturn Metals -5 114 0.675 $ 73,213,544.25
GOR Gold Road Res Ltd -5 4 1.21 $ 1,055,909,697.60
EVN Evolution Mining Ltd -5 29 4.85 $ 8,355,382,045.65
NSM Northstaw -5 0 0.45 $ 18,200,000.00
ALY Alchemy Resource Ltd -5 67 0.018 $ 11,428,138.70
NST Northern Star -5 24 12.29 $ 9,091,605,862.71
SMI Santana Minerals Ltd -5 -38 0.175 $ 20,525,874.48
HMX Hammer Metals Ltd -5 52 0.035 $ 26,134,302.95
AGG AngloGold Ashanti -6 2 5.81 $ 526,325,813.50
GSN Great Southern -6 1 0.068 $ 30,937,988.56
CYL Catalyst Metals -6 -9 2.55 $ 213,503,226.88
CWX Carawine Resources -6 14 0.25 $ 27,222,475.50
SSR SSR Mining Inc. -6 0 24.88 $ 436,633,283.40
AMI Aurelia Metals Ltd -6 3 0.405 $ 483,190,154.11
KWR Kingwest Resources -6 -7 0.16 $ 24,591,017.28
MZZ Matador Mining Ltd -6 26 0.315 $ 56,172,190.47
HAW Hawthorn Resources -6 64 0.092 $ 30,683,436.40
RRL Regis Resources -6 -14 3.7 $ 1,877,177,911.73
TNR Torian Resources Ltd -6 184 0.03 $ 22,370,301.50
GML Gateway Mining -6 100 0.03 $ 59,093,472.12
FFX Firefinch Ltd -6 113 0.145 $ 117,286,087.65
BBX BBX Minerals Ltd -7 104 0.285 $ 117,380,090.58
ARL Ardea Resources Ltd -7 -23 0.42 $ 56,175,056.08
BAR Barra Resources -7 12 0.028 $ 19,650,634.93
AAR Anglo Australian -7 54 0.14 $ 82,461,173.76
RGL Riversgold -7 320 0.042 $ 16,621,400.92
LNY Laneway Res Ltd -7 17 0.007 $ 26,425,461.53
GMN Gold Mountain Ltd -7 -42 0.041 $ 29,871,432.07
RMS Ramelius Resources -7 74 1.68 $ 1,314,653,057.25
RSG Resolute Mining -7 -37 0.735 $ 811,361,138.91
RML Resolution Minerals -7 -9 0.039 $ 10,619,953.40
SVL Silver Mines Limited -7 117 0.195 $ 207,559,464.40
CTO Citigold Corp Ltd -7 225 0.013 $ 37,459,424.93
ALK Alkane Resources Ltd -7 69 0.97 $ 586,457,968.00
REZ Resourc & En Grp Ltd -7 89 0.051 $ 21,584,039.45
GRL Godolphin Resources -7 0 0.25 $ 20,738,550.04
DAU Dampier Gold Ltd -8 211 0.059 $ 17,415,271.56
KRM Kingsrose Mining Ltd -8 25 0.035 $ 24,090,242.62
TAR Taruga Minerals -8 246 0.045 $ 20,116,866.26
DEG De Grey Mining -8 2469 1.03 $ 1,323,159,588.14
MAT Matsa Resources -8 -12 0.11 $ 31,181,871.54
TSC Twenty Seven Co. Ltd -8 10 0.0055 $ 11,658,098.17
DRE Drednought Resources -8 214 0.022 $ 49,760,643.70
CLA Celsius Resource Ltd -9 231 0.043 $ 34,329,595.56
RVR Red River Resources -9 83 0.265 $ 132,032,463.59
SBR Sabre Resources -9 300 0.01 $ 15,012,338.06
CDT Castle Minerals -9 25 0.01 $ 6,592,507.36
RXL Rox Resources -9 158 0.049 $ 102,491,423.15
NML Navarre Minerals Ltd -9 95 0.195 $ 105,873,719.45
CGN Crater Gold Min Ltd -10 27 0.019 $ 23,322,421.47
DDD 3D Resources Limited -10 200 0.0045 $ 16,269,174.41
OBM Ora Banda Mining Ltd -10 76 0.27 $ 231,222,135.38
AUC Ausgold Limited -10 246 0.045 $ 58,515,729.35
AZS Azure Minerals -10 660 0.745 $ 220,719,462.75
CAI Calidus Resources -10 136 0.52 $ 142,666,234.75
RED Red 5 Limited -10 -3 0.24 $ 473,018,005.68
AME Alto Metals Limited -10 185 0.094 $ 38,004,992.54
THR Thor Mining PLC -11 113 0.017 $ 7,223,317.20
GSM Golden State Mining -11 170 0.2 $ 11,610,421.00
ONX Orminexltd -12 -72 0.023 $ 13,477,554.20
GNM Great Northern -12 50 0.015 $ 13,618,794.06
TLM Talisman Mining -12 2 0.097 $ 18,662,838.50
BAT Battery Minerals Ltd -13 250 0.021 $ 42,156,563.38
BRV Big River Gold Ltd -14 219 0.051 $ 69,622,690.96
MTH Mithril Resources -14 111 0.019 $ 39,654,427.77
SRN Surefire Rescs NL -14 2100 0.044 $ 32,132,260.16
GMR Golden Rim Resources -14 -25 0.009 $ 17,913,418.71
AAJ Aruma Resources Ltd -14 100 0.006 $ 9,536,483.42
LCL Los Cerros Limited -15 21 0.1025 $ 46,852,952.20
FAU First Au Ltd -15 70 0.017 $ 9,147,438.81
OAU Ora Gold Limited -15 10 0.022 $ 18,498,594.88
AGS Alliance Resources -16 53 0.17 $ 30,311,013.60
STK Strickland Metals -17 233 0.05 $ 20,636,424.53
NAG Nagambie Resources -17 -11 0.04 $ 21,497,090.88
ADV Ardiden Ltd -17 483 0.0175 $ 36,092,052.03
PRX Prodigy Gold NL -18 -39 0.046 $ 27,870,125.09
WWI West Wits Mining Ltd -22 714 0.057 $ 70,536,967.96
MLS Metals Australia -25 50 0.0015 $ 8,381,807.15
S2R S2 Resources -31 48 0.17 $ 56,680,412.22

 

Gold Small Cap Standouts

SI6 METALS (ASX:Si6) +147%

Market Cap: ~$47.7m

SI6 has taken the lead again this week. It had reported mid-week that the program of work for its Monument gold project had been approved by the Western Australian government.

This paves the way for the company to kick off drilling in March 2021 quarter.

GTI RESOURCES (ASX:GTR) +33%

Market Cap: ~$15.4m

Drilling is now underway at the highly prospective Niagara gold project where 16 new holes will be guided by multiple minerals clues.

Previous shallow aircore drilling had returned assays of up to 2.78 grams per tonne (g/t) gold.

XANTIPPE RESOURCES (ASX:XTC) +25%

Market Cap: ~$10.2m

Xantippe has elected to exercise its right to acquire the package of gold tenements in Western Australia’s Southern Cross region.

It noted that previous drilling had focused on near surface mineralisation, which indicates that a large component had not effectively tested the Greenstone Belt or adjoining prospective stratigraphy.

ANDROMEDA METALS (ASX:ADN) +25%

Market Cap: ~$604m

Andromeda Metals has intercepted high-grade gold at its Wudinna project with a top hit of 15m at 5.35g/t gold from a depth of 83m within a broader zone of 31m grading 3.06g/t gold from 69m.

This is north of mineralisation previously intersected at the Clarke prospect and represents a high-priority target for future joint venture drilling.