Gold shines while everything else is dull

Gold shines while everything else is dull

Gold surged above US$2,400/oz again last week to hit a new record high. Gold is not critical, but it is certainly essential. The trendy label "critical metals" seems to be more appropriately used when you consider the dire state of investments in that end of the market, or perhaps the critical state of Australia's nickel sector. Notwithstanding the strength of stock markets generally, the resources sector is anaemic.

All that hype about critical metals, battery input materials was just an enormous red herring - a false narrative - as far as investors are concerned. Remember when almost everyone was chasing lithium, graphite and rare earths because of supply fears. The really smart companies were picking up gold projects and ignoring the noise. Well done Agiua, with your acquisition of the high grade gold project in Colombia. The timing couldn't have been better. Gold stocks are the best performing companies right now.