Search This Blog

Tuesday, August 22, 2023

ASX Top 10 Momentum Stocks: 22 August 2023 - Finer Market Points

data:image/svg+xml,%3Csvg%20xmlns=%22https://ift.tt/NKCPs19

ASX Top 10 Momentum Stocks: 22 August 2023 - Finer Market Points

LDX WC8 RDX LLI AW1 GCY C1X IR1 NXL AZS

Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.

The Launch Pad List is published weekly through our Friday video on our YT channel.

Today's ASX's Top 10 Quarterly Momentum Stocks are:

Lumos Diagnostics (LDX): Lumos Diagnostics engages in the development and manufacture of point-of-care (POC) diagnostics solutions to help healthcare professionals more accurately diagnose and manage medical conditions.

Wildcat Resources (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.

Redox Limited (RDX): Redox Limited is a global chemical, ingredient, and raw material distributor active in more than 1000 specialty and commodity products.

Loyal Lithium Ltd (LLI): Loyal Lithium Ltd is a battery metals miner with a controlling stake in the Hidden Lake Lithium Project in Yellowknife, Northern Territories of Canada, through a joint venture with Patriot Battery Metals, also listed on the ASX.

American West Metals Limited (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.

Gascoyne Resources Ltd (GCY): has their flagship Dalgaranga Gold Project in WA that was placed on care and maintenance in Q4 2022 including its modern 2.5Mtpa processing plant, surface infrastructure, and resource base. Now (July 23) GCY is focusing on the Never Never discovery, located less than 1km from the processing plant.

Cosmos Exploration Ltd (C1X): Cosmos Exploration Ltd is an Australian-based exploration company focused on the development of mineral resources, including lithium spodumene near Patriot Lithium in Quebec Canada, copper-gold in NSW, and Ni Cu PGE plus REE in WA.

Iris Metals Ltd (IR1): Iris Metals Limited is a hard rock Lithium miner in South Dakota USA as well as gold, nickel, and lithium in Western Australia.

Nuix Limited (NXL): Nuix Limited specializes in developing a software platform designed to process unstructured data. Its platform caters to various areas, such as criminal investigations, financial crime, litigation support, employee and insider investigations, legal eDiscovery, data protection and privacy, and data governance and regulatory compliance. Based in Sydney.

Azure Minerals Ltd (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on lithium and nickel in Western Australia.


Originally posted here: https://ift.tt/iaVkzbC

The rise of precious metals is still limited

data:image/svg+xml,%3Csvg%20xmlns=%22https://ift.tt/rc03eTN

The rise of precious metals is still limited

Gold OANDA:XAUUSD

World gold price stood at 1,896 USD/ounce, up 11 USD/ounce over the same hour last morning. The precious metal price is still struggling at the lowest level in the past 5 months.

The precious metal's rally is still being capped by rising US Treasury yields, with the technical chart remaining in a downtrend. Investors are now awaiting a speech from Fed Chairman Jerome Powell on August 25, when central banks from around the world gather in Jackson Hole for the annual conference.


Originally posted here: https://ift.tt/j9hWKUI

Gold price update today 08/22/2023

https://ift.tt/ehTCtLQ

Gold price update today 08/22/2023

The precious metal market is experiencing a decline in sales due to the rise of the US dollar and government bond yields.

Market expectations are that Mr. Powell will provide some indication that the US Central Bank has ended its most aggressive tightening path in 40 years and is preparing for cuts. Analysts believe that only then can gold escape its current level and make a breakthrough.

Currently, gold continues to strictly adhere to the downward trend, so trend-selling strategies will still be prioritized.
Do you think this gold price is okay? Let me know what you think in the comments below


Originally posted here: https://ift.tt/7in2DMv

Gold today 22.08 Likely to recover

https://ift.tt/tCpeDy1

Gold today 22.08 Likely to recover

Gold OANDA:XAUUSD

Strong U.S. inflation and labor market readings had severely dented gold prices in recent weeks, as markets began pricing in a greater possibility of higher interest rates. Powell is now expected to shed more light on the bank’s plans for rates, after the minutes of the Fed’s July meeting showed that most policymakers supported higher rates to curb sticky inflation.

The dollar and treasury yields advanced on expectations of higher rates, which in turn dented gold and other non-yielding assets. Rising interest rates had ramped up the opportunity cost of holding gold over the past year, leaving most traders sticking to the dollar as their preferred safe haven.

Copper flat as China rate cut disappoints But to determine clearly, it is necessary to monitor many more factors

⚡️ Sell XAUUSD short 1897-1899 .⚠️ SL 1909. ✔️TP1: 1890 ✔️TP2 1885

What is your opinion? can let me know in the comment section, thanks.🌷
* Let's win the market together*


Originally posted here: https://ift.tt/urLNWZ3