It’s US Election Week.

Betting odds swung wildly. Trump raged. Biden probably did stuff.

And we still don’t have a winner, because of states like Nevada.

*unconfirmed

Global markets were all over the shop but ended the week on an emphatically positive note.

Meanwhile, gold – which thrives on drama and uncertainty – ripped ~3.5 per cent higher to ~$US1,940/oz.

That’s the precious metal’s biggest weekly gain since late July.

USD gold price over the past 12 months.

But every analyst and their dog are basically saying the same thing. For gold, the election result isn’t that important because stimulus will happen anyway.

This stimulus, plus low rates, ballooning US debt and, eventually, capital flows into emerging markets, “will continue to put pressure on the US dollar”, says Metals Focus.

“All these factors contribute to our conviction that gold’s rally has some way to go.

“Our projections target new all-time highs as early as the first quarter of 2021 and a peak towards the end of the year.” Boom.

Winners & Losers

Here’s how 217 ASX-listed gold stocks performed November 02 – November 06 [intraday].

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

CODE COMPANY 1 WEEK RETURN % 1 YEAR RETURN % PRICE MARKET CAP
ANX Anax Metals 60 219 0.039 $ 6,783,422.58
SBR Sabre Resources 43 150 0.01 $ 11,255,816.32
NXM Nexus Minerals 38 267 0.18 $ 31,903,025.72
PUR Pursuit Minerals 25 79 0.015 $ 7,162,219.73
ADN Andromeda Metals 22 376 0.195 $ 345,068,927.51
AWV Anova Metals 19 220 0.031 $ 37,260,449.20
SVL Silver Mines 19 133 0.23 $ 210,441,454.81
SAU Southern Gold 19 -49 0.125 $ 26,666,094.50
GMR Golden Rim Resources 18 -24 0.013 $ 21,496,102.45
FAU First Au 17 80 0.027 $ 15,066,369.81
MCT Metalicity 17 385 0.021 $ 31,270,212.25
ZNC Zenith Minerals 17 175 0.14 $ 41,210,404.20
AUC Ausgold 16 269 0.059 $ 70,218,875.21
BGL Bellevue Gold 15 144 1.33 $ 1,033,073,891.79
AQX Alice Queen 14 -11 0.032 $ 32,740,907.07
SVY Stavely Minerals 14 -33 0.8 $ 200,940,318.04
SFM Santa Fe Minerals 14 51 0.125 $ 8,374,160.74
CYL Catalyst Metals 13 0 2.61 $ 209,333,241.98
AAR Anglo Australian 13 95 0.17 $ 94,741,083.36
RMS Ramelius Resources 13 69 2.22 $ 1,666,172,724.66
CAI Calidus Resources 13 168 0.67 $ 166,892,576.50
BAR Barra Resources 13 71 0.036 $ 22,936,675.43
OAU Ora Gold 13 13 0.027 $ 21,861,975.77
CHN Chalice Gold Mines 12 1430 3.06 $ 898,184,507.70
SSR SSR Mining 12 0 28.1 $ 424,860,325.76
E2M E2 Metals 11 344 0.8 $ 93,152,132.06
VKA Viking Mines 11 100 0.02 $ 6,274,357.12
PF1 Pathfinder Resources 11 -3 0.2 $ 10,430,000.00
EVN Evolution Mining 11 49 6.15 $ 10,012,473,586.40
AGG AngloGold Ashanti 10 19 7.26 $ 624,454,355.00
WWI West Wits Mining 10 1620 0.086 $ 92,095,219.68
WMX Wiluna Mining 10 62 1.94 $ 183,861,865.95
BYH Bryah Resources 10 20 0.065 $ 8,176,178.08
ONX Orminex 10 -71 0.022 $ 11,860,247.70
STK Strickland Metals 10 300 0.1 $ 39,814,644.50
SNG Siren Gold 10 0 0.45 $ 24,363,431.98
CLA Celsius Resources 10 143 0.034 $ 25,747,196.67
GUL Gullewa 10 311 0.115 $ 18,163,456.50
SAR Saracen Minerals 9 68 6.13 $ 6,413,217,755.22
AME Alto Metals 9 253 0.12 $ 43,778,394.93
MGV Musgrave Minerals 9 661 0.54 $ 246,891,988.20
AXE Archer Materials 9 234 0.485 $ 107,921,542.08
NST Northern Star 9 67 16.31 $ 11,447,865,572.85
ALK Alkane Resources 9 105 1.37 $ 785,913,216.00
TTM Titan Minerals 9 -29 0.125 $ 128,245,345.57
WGX Westgold Resources 9 16 2.78 $ 1,096,030,702.00
DCN Dacian Gold 8 -59 0.385 $ 205,908,164.98
DDD 3D Resources 8 333 0.0065 $ 21,692,232.55
AUT Auteco Minerals 8 1344 0.13 $ 188,061,472.32
BCN Beacon Minerals 8 5 0.039 $ 108,938,048.23
MHC Manhattan Corp 8 440 0.027 $ 35,809,524.71
BNR Bulletin Resources 8 218 0.07 $ 12,550,515.18
CTO Citigold Corp 8 180 0.014 $ 31,508,078.51
NAE New Age Exploration 8 367 0.014 $ 14,440,145.33
RML Resolution Minerals 8 -37 0.043 $ 12,017,315.69
ERM Emmerson Resources 7 -27 0.088 $ 40,076,871.54
MTH Mithril Resources 7 400 0.03 $ 58,438,104.09
SBM St Barbara 7 1 2.81 $ 1,869,196,529.65
CMM Capricorn Metals 7 68 1.85 $ 631,193,770.85
NUS Nusantara Resources 7 -7 0.31 $ 61,647,995.84
NSM North Stawell 6 0 0.5 $ 18,800,000.00
AMI Aurelia Metals 6 -1 0.51 $ 423,882,141.55
CHZ Chesser Resources 6 227 0.255 $ 96,143,786.09
GBZ GBM Resources 6 511 0.17 $ 60,106,465.35
GNM Great Northern 6 79 0.017 $ 14,442,503.14
LCL Los Cerros 6 110 0.17 $ 72,445,763.41
PRU Perseus Mining 6 41 1.32 $ 1,532,161,067.50
TSO Tesoro Resources 6 773 0.355 $ 140,974,804.19
KZR Kalamazoo Resources 6 110 0.66 $ 82,493,103.42
GML Gateway Mining 6 0 0.019 $ 34,238,088.65
EMU EMU NL 5 45 0.058 $ 20,503,315.29
ALY Alchemy Resources 5 57 0.02 $ 12,772,625.61
SPQ Superior Resources 5 205 0.02 $ 22,002,568.21
KWR Kingwest Resources 5 -25 0.205 $ 30,738,771.60
EMR Emerald Resources 5 50 0.63 $ 319,546,268.34
PDI Predictive Discovery 5 610 0.063 $ 60,282,000.78
OBM Ora Banda Mining 5 93 0.325 $ 260,650,407.15
HMX Hammer Metals 5 100 0.044 $ 33,494,362.38
CAZ Cazaly Resources 5 73 0.045 $ 15,485,503.75
MKG Mako Gold 5 22 0.115 $ 28,209,362.06
WAF West African Resources 5 115 1.05 $ 894,136,886.82
GOR Gold Road 4 21 1.42 $ 1,187,898,409.80
NCM Newcrest Mining 4 -3 30.64 $ 24,227,232,363.78
BDC Bardoc Gold 4 -24 0.076 $ 129,818,053.20
PAK Pacific American 4 -14 0.026 $ 8,179,207.40
DEG De Grey Mining 4 1934 1.18 $ 1,444,609,018.93
OKU Oklo Resources 4 77 0.265 $ 128,408,602.23
GIB Gibb River Diamonds 4 366 0.135 $ 26,781,227.85
MAT Matsa Resources 4 -4 0.135 $ 37,960,539.26
PUA Peak Minerals 4 79 0.027 $ 14,238,813.68
BRV Big River Gold 4 287 0.058 $ 70,961,588.86
GRL Godolphin Resources 4 0 0.295 $ 20,402,081.12
GWR GWR Group 3 72 0.155 $ 40,954,432.80
FFX Firefinch 3 100 0.16 $ 121,195,449.53
RSG Resolute Mining 3 -32 0.83 $ 861,036,310.68
BRB Breaker Resources 3 -43 0.19 $ 58,651,367.22
MAU Magnetic Resources 3 120 1.17 $ 250,642,797.32
SLR Silver Lake Resources 3 89 2.22 $ 1,832,914,763.68
CDV Cardinal Resources 2 176 1.04 $ 554,006,727.27
MZZ Matador Mining 2 124 0.425 $ 69,723,066.19
KAI Kairos Minerals 2 361 0.043 $ 65,339,608.46
GMN Gold Mountain 2 -36 0.044 $ 29,655,484.23
DGO DGO Gold 2 269 3.54 $ 235,357,073.28
PRX Prodigy Gold 2 -48 0.046 $ 25,547,614.66
VAN Vango Mining 2 -47 0.093 $ 90,416,940.61
STN Saturn Metals 2 81 0.715 $ 75,925,157.00
NML Navarre Minerals 2 133 0.245 $ 127,473,905.49
TBR Tribune Resources 2 -10 7.19 $ 365,702,496.69
RXL Rox Resources 2 171 0.057 $ 112,520,565.47
RED Red 5 Limited 2 7 0.295 $ 551,762,680.28
CWX Carawine Resources 2 32 0.33 $ 28,880,661.30
AOP Apollo Consolidated 1 60 0.35 $ 92,837,978.55
NES Nelson Resources 1 -11 0.07 $ 7,691,743.51
DAU Dampier Gold 1 294 0.071 $ 19,662,277.26
M2R Miramar 1 0 0.38 $ 15,413,044.80
FML Focus Minerals 1 40 0.385 $ 69,444,454.70
TIE Tietto Minerals 1 21 0.44 $ 194,063,496.08
RRL Regis Resources 1 -15 4.22 $ 2,097,119,737.90
MML Medusa Mining 1 11 0.82 $ 166,235,440.80
A1G African Gold 0 -22 0.16 $ 5,022,647.04
AL8 Alderan Resources 0 192 0.105 $ 27,490,432.31
AAJ Aruma Resources 0 75 0.007 $ 11,125,897.33
CDT Castle Minerals 0 44 0.013 $ 6,811,547.27
CGN Crater Gold Mines 0 -21 0.011 $ 13,502,454.54
CY5 Cygnus Gold 0 386 0.17 $ 17,845,933.77
DCX Discovex Resources 0 -14 0.006 $ 7,176,984.46
ENR Encounter Resources 0 11 0.2 $ 61,002,777.23
GED Golden Deeps 0 -40 0.015 $ 7,555,669.79
HAW Hawthorn Resources 0 106 0.14 $ 43,357,029.69
HRZ Horizon 0 -12 0.11 $ 56,797,520.00
KAU Kaiser Reef 0 0 0.41 $ 10,957,250.41
KGM Kalnorth Gold 0 117 0.013 $ 11,625,120.78
KRM Kingsrose Mining 0 -11 0.033 $ 24,820,249.97
LNY Laneway Resources 0 0 0.007 $ 26,425,461.53
MAR Malachite Resources 0 -37 0.063 $ 7,677,398.04
MSR Manas Resources 0 100 0.006 $ 15,858,974.93
MEU Marmota 0 81 0.047 $ 44,552,549.74
MVL Marvel Gold 0 -49 0.064 $ 25,232,287.54
MTC Metalstech 0 967 0.16 $ 21,985,145.70
MDI Middle Island Resources 0 200 0.015 $ 41,487,464.66
NPM Newpeak Metals 0 33 0.004 $ 15,278,068.78
SI6 Six Sigma Metals 0 150 0.01 $ 11,091,296.07
TLM Talisman Mining 0 15 0.115 $ 20,529,122.35
TAR Taruga Minerals 0 161 0.053 $ 24,231,679.82
TMX Terrain Minerals 0 200 0.012 $ 7,954,771.10
TNR Torian Resources 0 148 0.031 $ 23,404,470.75
TRY Troy Resources 0 9 0.12 $ 84,187,333.32
TRM Truscott Mining 0 150 0.02 $ 2,458,830.88
TSC Twenty Seven Co. 0 40 0.007 $ 10,847,406.55
VMC Venus Metals 0 33 0.24 $ 36,258,883.92
BC8 Black Cat Syndicate -1 61 0.715 $ 80,546,496.91
KSN Kingston Resources -1 61 0.26 $ 56,484,852.41
KCN Kingsgate Consolidated -1 78 0.785 $ 173,062,844.10
TAM Tanami Gold -1 70 0.075 $ 88,132,278.45
AZS Azure Minerals -1 131 0.335 $ 78,712,600.53
G88 Golden Mile Resources -2 -9 0.06 $ 7,135,063.02
RND Rand Mining -2 -15 2.3 $ 138,341,492.50
CXU Cauldron Energy -2 224 0.055 $ 22,810,810.43
S2R S2 Resources -2 100 0.26 $ 81,871,706.54
GSM Golden State Mining -2 219 0.255 $ 13,064,740.00
PGI Panterra Gold -2 36 0.045 $ 8,586,232.56
AGS Alliance Resources -2 87 0.22 $ 39,226,017.60
GSN Great Southern Mining -2 31 0.088 $ 35,192,956.12
RVR Red River Resources -2 52 0.22 $ 108,732,617.07
AMG Ausmex Mining -2 -57 0.04 $ 21,902,732.40
PNR Pantoro -3 26 0.195 $ 267,595,663.32
DTM Dart Mining -3 64 0.19 $ 16,670,583.85
AQI Alicanto Minerals -3 173 0.15 $ 42,114,542.10
NAG Nagambie Resources -3 6 0.056 $ 27,996,211.38
BAT Battery Minerals -4 225 0.026 $ 43,936,384.98
DRE Dreadnought Resources -4 200 0.024 $ 49,540,643.70
HXG Hexagon Energy -4 -34 0.046 $ 13,744,369.66
LEX Lefroy Exploration -4 7 0.23 $ 24,890,967.36
NVA Nova Minerals -4 366 0.17 $ 255,158,843.78
ARL Ardea Resources -4 2 0.355 $ 56,175,056.08
HRN Horizon Gold -4 57 0.45 $ 39,509,436.15
FFR Firefly Resources -4 252 0.215 $ 62,955,801.72
NWM Norwest Minerals -5 -46 0.105 $ 8,391,711.20
RDS Redstone Resources -6 88 0.015 $ 6,794,190.21
YRL Yandal Resources -7 143 0.575 $ 44,492,304.18
SKY SKY Metals -7 138 0.19 $ 41,930,470.76
CBY Canterbury Resources -8 -54 0.115 $ 9,560,282.82
RDN Raiden Resources -8 386 0.034 $ 20,174,891.51
CEL Challenger Exploration -9 206 0.205 $ 115,092,171.60
AVW Avira Resources -9 300 0.01 $ 13,750,400.00
REZ Resources & Energy Group -9 125 0.09 $ 37,124,547.85
VRC Volt Resources -9 -8 0.01 $ 21,173,735.55
KTA Krakatoa Resources -10 59 0.073 $ 20,144,350.00
ARV Artemis Resources -10 335 0.135 $ 141,720,539.63
GTR GTI Resources -10 64 0.018 $ 10,272,287.97
BBX BBX Minerals -10 75 0.35 $ 146,887,784.09
MKR Manuka Resources -10 0 0.43 $ 30,071,888.53
MEG Megado -10 0 0.215 $ 8,241,943.29
OKR Okapi Resources -11 6 0.17 $ 6,127,287.22
WCN White Cliff Minerals -11 500 0.033 $ 14,981,396.58
MOH Moho Resources -11 38 0.098 $ 7,648,476.77
SIH Sihayo Gold -12 20 0.022 $ 74,446,146.92
RMX Red Mountain Mining -13 100 0.014 $ 15,782,514.85
SLZ Sultan Resources -13 269 0.24 $ 15,297,565.58
MEI Meteoric Resources -13 -3 0.06 $ 71,932,432.07
THR Thor Mining -13 233 0.02 $ 7,543,603.92
RGL Riversgold -13 283 0.046 $ 18,412,139.13
HWK Hawkstone Mining -14 33 0.012 $ 14,638,880.10
PKO Peako -15 11 0.028 $ 5,303,399.28
TMZ Thomson Resources -17 162 0.069 $ 12,332,843.00
MRZ Mont Royal Resources -17 14 0.29 $ 10,567,817.60
GBR Great Boulder Resources -18 -18 0.051 $ 9,402,988.50
ADV Ardiden -20 1000 0.033 $ 76,430,227.82
DTR Dateline Resources -20 0 0.002 $ 16,420,156.15
SRN Surefire Resources -21 329 0.03 $ 18,844,609.20
CST Castile Resources -21 0 0.33 $ 63,907,238.72
LCY Legacy Iron Ore -22 218 0.007 $ 49,977,908.14
ANL Amani Gold -25 -40 0.0015 $ 9,386,996.75
MLS Metals Australia -25 -25 0.0015 $ 6,286,355.36
AYM Australia United -27 700 0.008 $ 14,740,619.88
ARN Aldoro Resources -31 -25 0.12 $ 7,965,696.36
XTC Xantippe Resources -33 -33 0.002 $ 12,223,693.21

 

Small Cap Standouts

ANAX METALS (ASX:ANX) +60%

Anax – formerly Aurora Minerals – relisted on the ASX Friday morning and immediately gained +60 per cent.

Anax can earn up to 80 per cent of  Venturex Resources’ (ASX:VXR) advanced Whim Creek copper-zinc project in the Pilbara region of WA.

It is also hunting for ‘Hemi-like’ gold discoveries, with Whim Creek located right next door to De Grey’s (ASX:DEG) Mallina project.

 

ANDROMEDA METALS (ASX:ADN) +22%

Kaolin-focused Andromeda is not a gold explorer but does have few ‘free-carried joint venture’ irons in the fire.

In late September, joint venture partner Evolution (ASX:EVN) started drilling the 300m-long ‘Roo Tail Breccia’, part of the Drummond JV in Queensland.

Results are due for release sometime this quarter.

A substantial drilling program has also kicked off at the Eyre Peninsula gold joint venture with London-listed Cobra Resources.

Cobra – which is sole funding $2.1m in exploration for an initial 50 per cent stake – is aiming for 1 million ounces of gold across the project area.

 

SABRE RESOURCES (ASX:SBR) +43%

In mid-November, early stage drilling will kick off at Sabre’s aspirationally named ‘Bonanza’ gold project in WA.

The 50 hole program is testing targets within 800m of a certified company maker called ‘Penny West’, now owned by miner Ramelius Resources (ASX:RMS).

Any gold intersected by this program “will be followed up with deeper drilling as soon as possible”, Sabre says.

 

NEXUS MINERALS (ASX:NXM) +38%

The WA explorer kind of charged out of nowhere this week, earning a ‘please explain’ from the ASX.

But news flow through October and November has been pretty strong. Most recently, drilling at the Pinnacles JV gold project in the eastern Goldfields confirmed high grade gold below the open pit.

Highlights include 9m at 9.51g/t gold, 70m from surface.

Nexus, which is looking at mine development options, reckons start-up costs will be low due to the pre-existing ore sale and purchase agreement with neighbour Saracen Minerals (ASX:SAR).

 

ANOVA METALS (ASX:AWV) +19%

Anova’s 1moz Big Springs gold project in Nevada is being drilled for the first time since early 2017.

The 2,000m, 13 hole program is confirming and extending the existing resource, plus testing a number of new exploration targets.

The first two diamond holes – following up high-grade intercepts returned from a 2005 drilling program –have now been completed.

Assays are pending, but the type of rock known to host high-grade mineralisation was intersected in both – and that’s “highly encouraging”, says the company.

Stockhead  updates our list of ASX gold stocks to be as accurate as possible for investors. If you spot companies that should be added (or removed) please let us know at: reuben@stockhead.com.au