Investors generally buy gold as a way of diversifying risk when s..t hits the proverbial fan.

That’s why the precious metal appears to perform well in times of war or political instability. Conversely, stocks and bonds perform best in a stable political climate.

We are seeing this right now, as the threat of war between Russia and Ukraine grows.

There’s a strong historical precedent for this behaviour.

For example, the Iranian Revolution, the Iran-Iraq war, the Soviet Union invasion of Afghanistan, and the Iranian hostage crisis saw gold rise:

  • 23% in 1977,
  • 37% in 1978, and
  • a truly absurd 126% in 1979.

More recently in August 2017 we saw the price of precious metals rise quite sharply as the US and North Korea engaged in some half-arsed sabre rattling.

In 2020, gold jumped to its highest level in almost seven years as Iran and the US threatened to cross swords.

It important to note that there’s a fair bit of evidence to suggest these gold price runs are not usually sustained by the drums of war alone. Prices have a tendency to snap back to the mean once markets have digested or disregarded the bad news.

But gold in 2022 has other things going for it, like rampant global inflation and resultant rate tightening cycle. This could be the spark gold needs.

A month ago, no one wanted to touch gold, says Edward Moya, senior market analyst at OANDA.

“Now gold has suddenly become the flavour of the month, now that investors are scrambling for safe havens as geopolitical risks intensify and fears grow that the central banks might go overboard with tightening monetary policy,” he says.

“A sea of red on Wall Street has sent gold above the $US1900 level and investors might see further bullish momentum if the Ukraine situation intensifies.

“Earlier de-escalation in Russia-Ukraine tensions in the week have been completely undone and now it seems the risks of an invasion are growing.

“Gold has key resistance around the $US1920 to $US1930 zone, but if the haven bid remains strong, bullish momentum could support a move towards the $US1970 level.”

Next stop: $US2,000/oz.

USD (dark) and AUD (light) gold prices over the past year. Sources: FastMarkets, ICE Benchmark Administration, Thomson Reuters, World Gold Council

&Nbsp;

Winners & Losers

Here’s how ASX-listed gold & silver stocks are performing:

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

>> Stocks missing from this list? Email [email protected]

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
ANL Amani Gold 50% 0% 50% -25% 0.0015 $34,400,161.69
BNR Bulletin Res 32% 50% 200% 134% 0.165 $51,400,783.80
BRV Big River Gold 23% 13% -16% -19% 0.295 $66,063,499.50
DTM Dart Mining NL 22% 4% -17% -41% 0.1 $10,706,219.98
NMR Native Mineral Res 20% 23% 13% 7% 0.27 $12,135,321.00
G50 Gold50Limited 20% 8% 0% 0% 0.27 $15,124,860.27
CHZ Chesser Resources 20% 4% -20% -35% 0.12 $51,687,351.54
RML Resolution Minerals 19% 12% 0% -42% 0.019 $13,167,331.98
RVR Red River Resources 16% 10% 26% -10% 0.22 $111,469,864.92
SMI Santana Minerals 15% 40% 327% 213% 0.47 $61,013,152.48
SLR Silver Lake Resource 14% 5% 37% 29% 1.8125 $1,615,139,110.44
DCN Dacian Gold 14% 0% -15% -49% 0.205 $211,590,027.29
MML Medusa Mining 14% 13% -2% -4% 0.795 $162,205,914.78
BGL Bellevue Gold 14% 16% 2% -2% 0.9425 $954,000,304.93
OBM Ora Banda Mining 13% 15% -46% -74% 0.068 $60,401,919.31
CDR Codrus Minerals 13% 0% -19% 0% 0.13 $5,200,000.00
KCC Kincora Copper 13% -13% -29% 0% 0.135 $9,158,139.88
ALK Alkane Resources 12% 7% -3% 25% 0.9425 $512,201,741.20
NST Northern Star 12% 6% 1% -10% 9.69 $10,993,929,718.56
CEL Challenger Exp 12% 12% 23% -11% 0.325 $303,630,664.98
OGC OceanaGold Corp. 12% 8% -3% 10% 2.41 $165,228,328.45
EVN Evolution Mining 12% 5% 6% -1% 4.15 $7,478,671,346.64
XAM Xanadu Mines 12% -6% 0% -40% 0.029 $36,644,334.75
AGG AngloGold Ashanti 11% 8% 27% 5% 6.08 $524,541,658.20
AWV Anova Metals 11% 11% -17% -9% 0.02 $25,795,695.60
SBR Sabre Resources 11% 11% 25% -29% 0.005 $10,174,068.25
S2R S2 Resources 11% -5% 43% 14% 0.2 $71,274,971.00
ARL Ardea Resources 10% 12% 73% 52% 0.795 $110,370,024.11
DLC Delecta Limited 10% -8% 83% 57% 0.011 $13,253,995.76
GCY Gascoyne Res 10% 4% -16% -46% 0.28 $96,301,561.72
LRL Labyrinth Resources 10% 22% -4% 15% 0.045 $36,681,403.71
AVW Avira Resources 9% 20% 50% 20% 0.006 $10,312,740.00
CBY Canterbury Resources 9% -16% -19% -36% 0.074 $9,116,691.22
GML Gateway Mining 8% 0% -28% -57% 0.013 $29,381,382.77
RRL Regis Resources 8% 0% -18% -35% 2.02 $1,498,230,951.53
BRB Breaker Res NL 8% 8% 35% 35% 0.27 $83,089,436.90
WGX Westgold Resources. 8% 12% 24% 8% 2.165 $893,541,948.60
NCM Newcrest Mining 8% 0% -4% 0% 24.46 $19,508,302,378.35
GUL Gullewa Limited 7% -8% -19% -10% 0.072 $13,706,863.20
GOR Gold Road Res 7% 3% 21% 26% 1.485 $1,278,780,978.20
SBM St Barbara Limited 7% 8% -8% -32% 1.49 $1,039,457,126.79
CPM Coopermetalslimited 7% 79% 0% 0% 0.6 $15,941,800.00
DEG De Grey Mining 7% -9% 9% 54% 1.2425 $1,695,662,172.63
RMS Ramelius Resources 7% 2% 0% 13% 1.515 $1,253,371,482.51
HMX Hammer Metals 7% 4% -1% -14% 0.077 $65,199,569.84
NML Navarre Minerals 7% 9% 6% -34% 0.093 $125,549,837.98
GBR Greatbould Resources 7% -3% 105% 298% 0.16 $55,371,550.40
MGV Musgrave Minerals 6% 2% 7% 6% 0.33 $174,581,208.43
BDC Bardoc Gold 6% 4% 24% 8% 0.505 $145,361,976.50
AME Alto Metals Limited 6% -13% -3% 12% 0.086 $45,411,226.03
KZR Kalamazoo Resources 6% -3% -7% -27% 0.345 $46,462,199.68
PRU Perseus Mining 6% 10% 14% 41% 1.65 $1,954,653,018.45
SSR SSR Mining Inc. 6% 11% 15% 23% 25.32 $492,455,400.29
TLM Talisman Mining 6% 12% 9% 100% 0.19 $32,854,411.98
GSR Greenstone Resources 5% 34% 105% 70% 0.039 $31,476,068.87
EMR Emerald Res NL 5% -2% 34% 41% 1.115 $591,537,547.70
IDA Indiana Resources 5% -7% 3% -9% 0.062 $26,966,711.52
KAU Kaiser Reef 5% 8% 4% -44% 0.21 $25,792,349.94
AQI Alicanto Min 5% -13% -22% -5% 0.105 $40,184,929.79
DTR Dateline Resources 5% 13% -7% 74% 0.087 $37,662,130.93
CMM Capricorn Metals 5% 10% 74% 123% 3.72 $1,363,700,189.11
RGL Riversgold 5% 16% -37% -50% 0.022 $8,888,928.31
ICG Inca Minerals 5% 0% 10% 59% 0.11 $50,527,223.04
MKR Manuka Resources. 5% 11% 10% -31% 0.34 $33,492,050.79
BCN Beacon Minerals 5% 5% 5% -2% 0.0345 $125,694,274.72
CY5 Cygnus Gold Limited 4% 4% 34% 10% 0.1875 $21,827,283.28
GBZ GBM Rsources 4% 0% 9% 0% 0.125 $66,408,419.22
RED Red 5 Limited 4% 14% 56% 53% 0.3125 $718,689,998.86
OZM Ozaurum Resources 4% 0% -11% -34% 0.125 $6,865,920.00
ICL Iceni Gold 4% -30% -32% 0% 0.13 $16,548,535.64
FML Focus Minerals 4% 6% 10% -20% 0.275 $51,169,598.20
G88 Golden Mile Res 4% 24% -2% 17% 0.056 $9,516,008.04
MDI Middle Island Res 4% -7% 43% -46% 0.14 $16,526,459.97
STN Saturn Metals 4% 12% -12% 9% 0.43 $53,367,654.48
AZS Azure Minerals 4% 10% 96% 19% 0.44 $124,294,288.40
NSM Northstaw 3% 3% -5% -40% 0.3 $12,038,100.00
MZZ Matador Mining 3% -10% -27% -13% 0.31 $65,947,330.28
BNZ Benzmining 3% 3% -17% -35% 0.65 $31,214,400.28
BMO Bastion Minerals 3% -11% 3% 0% 0.17 $12,907,974.20
SVL Silver Mines Limited 2% 0% -2% -18% 0.21 $264,825,589.32
WRM White Rock Min 2% -4% -44% -63% 0.22 $31,538,028.20
PRS Prospech Limited 2% -10% -41% -67% 0.053 $3,454,593.27
WAF West African Res 2% -7% 17% 48% 1.2125 $1,225,131,582.00
PGD Peregrine Gold 2% -22% 38% 0% 0.58 $23,633,239.36
NVA Nova Minerals 2% -15% -17% -43% 0.915 $162,182,056.50
PNR Pantoro Limited 2% -7% 57% 65% 0.33 $429,897,102.89
WMC Wiluna Mining Corp 1% -8% 9% -15% 1.075 $227,163,565.88
MAU Magnetic Resources 1% -1% -9% -2% 1.44 $323,053,659.36
TIE Tietto Minerals 1% 30% 78% 51% 0.605 $431,370,812.89
RSG Resolute Mining 1% -12% -37% -53% 0.3075 $331,179,456.00
CAI Calidus Resources 0% -2% 42% 63% 0.7025 $272,180,209.52
CYL Catalyst Metals 0% 0% -1% -4% 1.9 $187,065,873.70
NPM Newpeak Metals 0% 0% -50% -71% 0.001 $8,849,750.03
GED Golden Deeps 0% 0% 0% -8% 0.011 $8,534,365.84
AQX Alice Queen 0% -11% -43% -74% 0.008 $12,262,784.08
SLZ Sultan Resources 0% -24% -11% -21% 0.155 $12,909,080.30
PNX PNX Metals Limited 0% -12% -29% -29% 0.0055 $22,220,289.04
TMX Terrain Minerals 0% 14% 0% 0% 0.008 $5,886,088.07
FAU First Au 0% -17% -17% -47% 0.01 $7,839,109.49
IVR Investigator Res 0% -3% -5% -33% 0.061 $79,938,819.42
MOH Moho Resources 0% -16% -13% -29% 0.054 $7,026,949.48
SIH Sihayo Gold Limited 0% 0% -16% -38% 0.008 $29,483,691.30
PAK Pacific American Hld 0% -6% 7% -17% 0.017 $8,123,915.83
CTO Citigold Corp 0% 0% -10% -25% 0.009 $25,502,931.82
MHC Manhattan Corp 0% 19% 45% -16% 0.016 $24,420,459.09
TRY Troy Resources 0% 0% -6% -56% 0.037 $31,631,563.33
KGM Kalnorth Gold 0% 0% 0% 0% 0.013 $11,625,120.78
CGN Crater Gold Min 0% 0% 0% -32% 0.017 $21,063,473.65
TSC Twenty Seven Co. 0% 0% 14% -33% 0.004 $10,643,255.62
MTH Mithril Resources 0% -7% -28% -35% 0.013 $33,543,029.53
DDD 3D Resources Limited 0% 0% -25% -27% 0.003 $12,541,116.28
WWI West Wits Mining 0% 18% -18% -36% 0.045 $79,043,995.82
MEG Megado 0% -1% -22% -55% 0.086 $3,702,196.63
HMG Hamelingoldlimited 0% 13% 0% 0% 0.175 $19,250,000.00
TBA Tombola Gold 0% 0% -36% -54% 0.03 $22,497,454.85
TCG Turaco Gold Limited 0% 0% -8% 100% 0.12 $51,326,000.28
AUC Ausgold Limited 0% 4% 27% -11% 0.047 $75,880,303.43
TAM Tanami Gold NL 0% -3% -23% -29% 0.06 $68,155,628.67
KLA Kirkland Lake Gold 0% -5% -5% 4% 52.69 $52,690,000.00
THR Thor Mining PLC 0% 25% 15% -6% 0.015 $14,937,577.49
POL Polymetals Resources 0% -13% -4% 0% 0.135 $5,407,636.41
OKU Oklo Resources 0% -9% -13% -45% 0.105 $52,972,130.30
NAG Nagambie Resources 0% -15% -29% -17% 0.05 $24,996,617.30
VAN Vango Mining 0% -22% -40% -39% 0.039 $46,617,692.38
MAT Matsa Resources 0% 8% 3% -35% 0.064 $22,614,141.06
NES Nelson Resources. 0% -22% -41% -73% 0.025 $4,663,012.68
PKO Peako Limited 0% 0% -37% -27% 0.019 $5,860,627.92
OAU Ora Gold Limited 0% -6% -14% -25% 0.017 $17,684,020.24
GNM Great Northern 0% 0% -45% -50% 0.006 $10,254,305.86
TRM Truscott Mining Corp 0% -6% 0% 39% 0.032 $4,862,129.41
KNB Koonenberrygold 0% -7% 0% 0% 0.14 $11,117,434.20
AWJ Auric Mining 0% 0% -23% -39% 0.11 $5,606,935.70
ENR Encounter Resources 0% -3% 0% 23% 0.145 $45,938,439.77
AYM Australia United Min 0% -25% -14% -45% 0.006 $11,055,464.91
SFR Sandfire Resources 0% 5% 19% 50% 7.4 $2,992,867,818.90
AMI Aurelia Metals -1% 4% 41% 18% 0.4525 $544,304,841.08
SKY SKY Metals -1% -24% 2% -45% 0.091 $34,664,079.24
RXL Rox Resources -1% 25% 9% -20% 0.43 $68,344,607.21
PF1 Pathfinder Resources -1% 13% 33% 33% 0.405 $22,045,219.15
TSO Tesoro Resources -1% -21% -31% -68% 0.072 $47,280,317.04
CWX Carawine Resources -1% -3% -25% -23% 0.165 $20,675,152.05
DGO DGO Gold Limited -2% -14% -22% -2% 2.55 $208,692,780.00
BC8 Black Cat Syndicate -2% -2% 10% -15% 0.59 $84,484,686.60
SAU Southern Gold -2% -2% -9% -39% 0.059 $12,799,725.36
TBR Tribune Res -2% -6% -17% -14% 4.68 $246,075,281.13
KAI Kairos Minerals -2% -23% -9% -23% 0.0255 $49,052,337.28
TTM Titan Minerals -2% 18% 2% -10% 0.1175 $162,117,861.30
E2M E2 Metals -2% -22% -21% -39% 0.23 $35,360,735.06
MEU Marmota Limited -2% -2% 2% -2% 0.045 $44,103,659.22
MKG Mako Gold -2% -16% -2% -10% 0.088 $32,872,777.77
AAU Antilles Gold -2% 12% 10% 3% 0.087 $26,752,436.57
HRN Horizon Gold -2% -2% 19% -5% 0.43 $45,877,566.88
EM2 Eagle Mountain -2% -5% -15% 77% 0.62 $143,501,615.00
KWR Kingwest Resources -3% -7% 200% 15% 0.195 $46,164,874.75
LCY Legacy Iron Ore -3% -20% 28% -31% 0.0185 $115,322,871.58
GSN Great Southern -3% -14% -2% -32% 0.054 $28,215,455.56
KSN Kingston Resources -3% 13% -8% -26% 0.175 $74,298,499.02
DEX Duke Exploration -3% 6% -36% -43% 0.17 $15,335,895.84
KAL Kalgoorliegoldmining -3% 10% 0% 0% 0.16 $11,227,363.00
ASO Aston Minerals -3% 48% 29% 308% 0.155 $152,671,588.64
GSM Golden State Mining -3% -12% -35% -37% 0.088 $7,394,830.67
TNR Torian Resources -3% -6% 16% -33% 0.029 $37,519,322.96
CLA Celsius Resource -3% 12% 8% -38% 0.028 $28,457,408.19
QML Qmines Limited -3% -2% -18% 0% 0.28 $18,227,374.32
CDT Castle Minerals -4% 34% 293% 511% 0.055 $53,964,611.15
ADT Adriatic Metals -4% -13% -19% -1% 2.27 $489,787,791.48
GRL Godolphin Resources -4% -11% -17% -48% 0.125 $10,513,921.38
HRZ Horizon -4% 0% 4% 14% 0.125 $70,996,900.00
AM7 Arcadia Minerals -4% -16% 30% 0% 0.24 $8,748,125.00
AL8 Alderan Resource -4% -14% -51% -76% 0.024 $9,788,019.84
SNG Siren Gold -4% -13% -4% -47% 0.24 $21,532,180.37
ARV Artemis Resources -4% -7% 13% -21% 0.071 $95,794,837.90
AAR Anglo Australian -4% -4% 47% 5% 0.115 $68,560,612.49
CAZ Cazaly Resources -4% -7% -14% 2% 0.043 $16,260,783.75
DRE Drednought Resources -5% 1% 2% 133% 0.042 $116,386,025.59
GMR Golden Rim Resources -5% -19% -13% -30% 0.105 $24,350,503.12
CXU Cauldron Energy -5% -19% -34% -46% 0.021 $10,808,459.86
PNM Pacific Nickel Mines -5% -5% 94% 84% 0.105 $28,466,464.85
MRZ Mont Royal Resources -5% -23% 27% 15% 0.305 $19,634,144.81
LEX Lefroy Exploration -5% -2% -23% 46% 0.3 $43,762,400.40
M2R Miramar -5% 11% 8% -19% 0.195 $8,966,703.60
AGC AGC -5% -5% -34% -40% 0.093 $6,434,091.98
CST Castile Resources -5% 3% -21% 12% 0.185 $37,944,922.99
ADN Andromeda Metals -5% -16% 9% -39% 0.18 $434,652,233.05
EMU EMU NL -5% 0% -33% -65% 0.018 $9,896,660.71
SVY Stavely Minerals -5% -11% 10% -36% 0.445 $122,651,882.44
KRM Kingsrose Mining -5% -18% 45% 45% 0.071 $53,216,382.85
HAW Hawthorn Resources -5% -18% 91% 23% 0.086 $30,683,436.40
GWR GWR Group -6% -13% -42% -44% 0.165 $50,453,488.32
TRN Torrens Mining -6% 10% -15% -8% 0.165 $11,494,714.77
MXR Maximus Resources -6% -11% -18% -53% 0.066 $20,981,780.69
MEI Meteoric Resources -6% -11% -59% -75% 0.016 $24,420,757.94
MCT Metalicity Limited -6% -11% -20% -43% 0.008 $17,765,071.99
HCH Hot Chili -6% -25% -25% -27% 1.43 $155,713,858.74
LCL Los Cerros Limited -6% -6% -22% -13% 0.1175 $76,621,962.60
SPQ Superior Resources -6% -15% 229% 254% 0.046 $73,152,477.97
ANX Anax Metals -6% 0% 11% 42% 0.091 $36,438,962.56
SRN Surefire Rescs NL -6% 36% 0% -40% 0.015 $16,564,656.14
A1G African Gold . -6% 7% 35% 25% 0.225 $27,464,375.44
RND Rand Mining -7% -2% -6% -18% 1.43 $81,332,624.23
AGS Alliance Resources -7% -5% -14% -31% 0.135 $28,082,313.09
ARN Aldoro Resources -7% -1% -35% 41% 0.395 $35,367,742.66
IPT Impact Minerals -7% 0% 0% -38% 0.013 $28,333,128.87
ALY Alchemy Resource -7% 8% -5% -30% 0.013 $11,904,311.13
MBK Metal Bank -7% 8% -15% -51% 0.0065 $15,646,908.96
MTC Metalstech -7% -22% 57% 94% 0.255 $43,332,793.40
M24 Mamba Exploration -7% -14% 3% -22% 0.19 $8,013,250.57
ERM Emmerson Resources -7% -19% 71% 79% 0.125 $62,414,811.13
LYN Lycaonresources -8% -8% 0% 0% 0.37 $10,260,000.00
PUA Peak Minerals -8% -14% -29% -52% 0.012 $13,537,819.76
LNY Laneway Res -8% 0% 50% 0% 0.006 $28,359,065.60
RDS Redstone Resources -8% -25% 9% 0% 0.012 $8,627,988.76
ZNC Zenith Minerals -8% -9% 69% 209% 0.355 $120,366,454.25
FFX Firefinch -8% -8% 19% 143% 0.6675 $789,351,254.00
A8G Australasian Metals -8% -19% 271% 0% 0.52 $20,888,656.88
REZ Resourc & En Grp -8% -27% 59% 5% 0.046 $22,991,066.29
PUR Pursuit Minerals -8% -15% -62% -38% 0.023 $21,747,631.46
HAV Havilah Resources -8% -13% -15% -23% 0.17 $55,765,216.26
CHN Chalice Mining -8% -12% 21% 76% 7.38 $2,588,121,125.46
GIB Gibb River Diamonds -9% -21% 19% -21% 0.063 $14,382,642.26
GTR Gti Resources -9% -16% 33% 3% 0.021 $23,704,405.79
AAJ Aruma Resources -9% 25% 24% 42% 0.105 $13,225,957.82
MVL Marvel Gold Limited -9% -19% -12% -4% 0.052 $31,694,371.63
BGD Bartongoldholdings -9% 21% 41% 0% 0.26 $22,318,398.96
HXG Hexagon Energy -9% -32% -28% -42% 0.052 $24,553,057.82
FG1 Flynngold -9% -11% 3% 0% 0.155 $10,249,768.00
XTC Xantippe Res -9% -9% 400% 400% 0.01 $52,744,263.32
SI6 SI6 Metals Limited -9% -9% -17% -60% 0.01 $14,281,439.85
BAT Battery Minerals -9% -17% -23% -68% 0.01 $23,474,645.71
STK Strickland Metals -9% -14% 59% 165% 0.059 $72,950,851.50
SFM Santa Fe Minerals -9% -5% 138% 70% 0.195 $14,199,663.86
TMZ Thomson Res -10% 2% -40% -56% 0.066 $37,744,082.31
AZL Arizona Lithium -10% 8% 268% 250% 0.14 $269,698,471.43
AXE Archer Materials -10% -17% -51% 21% 1.025 $252,518,551.14
RMX Red Mount Min -10% -25% 0% -31% 0.009 $16,423,638.58
BYH Bryah Resources -10% -10% 0% -11% 0.054 $12,441,394.63
RDN Raiden Resources -10% -18% -22% -25% 0.018 $24,755,891.47
PDI Predictive Disc -10% -15% 55% 281% 0.225 $315,792,208.00
MM8 Medallion Metals. -10% -12% 16% 0% 0.22 $23,328,724.32
OKR Okapi Resources -11% -19% -24% 47% 0.28 $33,955,860.17
RDT Red Dirt Metals -11% -27% 241% 173% 0.545 $139,059,782.93
NXM Nexus Minerals -11% -21% 180% 293% 0.35 $101,386,435.85
TG1 Techgen Metals -12% -28% -34% 0% 0.115 $5,007,349.09
VMC Venus Metals Cor -12% 6% 6% -14% 0.19 $29,460,343.19
KCN Kingsgate Consolid. -12% -31% 96% 57% 1.47 $322,021,259.12
NAE New Age Exploration -12% -6% 36% 36% 0.015 $21,538,483.65
NWM Norwest Minerals -12% -22% -27% -36% 0.052 $9,933,401.45
VKA Viking Mines -13% -7% -42% -72% 0.014 $14,353,618.03
AUT Auteco Minerals -13% 12% -10% -13% 0.084 $141,807,030.62
TAR Taruga Minerals -13% -29% -32% -32% 0.034 $17,410,040.20
VRC Volt Resources -13% -20% -29% 5% 0.02 $56,201,820.26
MRR Minrex Resources -13% 14% 267% 159% 0.066 $45,525,646.21
LM8 Lunnonmetalslimited -13% 19% 42% 0% 0.85 $65,110,132.60
PRX Prodigy Gold NL -13% -21% -37% -37% 0.026 $16,313,572.97
WCN White Cliff Min -14% 7% 150% 58% 0.03 $18,567,338.37
KTA Krakatoa Resources -14% -13% -21% -36% 0.042 $13,851,366.10
BMR Ballymore Resources -15% -11% 0% 0% 0.17 $12,491,273.77
BEZ Besragoldinc -16% -8% 0% 0% 0.092 $15,466,496.40
DCX Discovex Res -17% -9% 100% 25% 0.01 $23,117,976.68
YRL Yandal Resources -17% -19% -41% -26% 0.3 $32,505,634.84
ZAG Zuleika Gold -17% 75% 9% -20% 0.035 $14,475,768.06
SMS Starmineralslimited -17% -19% 0% 0% 0.17 $4,462,500.00
BTR Brightstar Resources -18% -52% 5% -43% 0.0295 $16,405,826.07
MLSDA Metals Australia -23% 15% 15% 15% 0.046 $11,000,970.46
BBX BBX Minerals -24% -21% -46% -56% 0.13 $66,703,113.88
ADV Ardiden -24% -24% 18% -28% 0.013 $28,188,359.63
GMN Gold Mountain -32% -28% -56% -70% 0.0115 $12,841,790.04
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The large gold miners have all had a good week; and rightly so.

Two weeks ago Newcrest’s (ASX:NCM) shares were at December 2019 levels, when gold was selling for $US1,510/oz.

Northern Star (ASX:NST) was at May 2019 levels, when gold was worth a paltry $US1,280/oz. MADNESS.

Still, Aussies gold shares are yet to move with any great urgency. Is this a buying opportunity?