Good evening ladies and gentlemen, and welcome to a very special Episode 9 of The Australian Gold Weekly Review! As we near the end of September, we're stepping away from our usual structure to give you an exclusive look into The Australian Gold Fund's extraordinary portfolio returns year-to-date! Before we begin, pick any number from 90 to 100, you'll soon see why as you read this article. Time is flying by so fast that our host, Ved Shah, thought we were still filming Episode 8 and not 9!
But it's not only time that's flying. Precious metals and oil have also taken flight! Gold kept its rally going this week, closing at US$3,759/oz by Friday, after testing the US$3,790/oz resistance level earlier in the week. Yet silver was the true star, soaring 7% to US$46.05/oz, followed by oil, which climbed 5% to US$65.18/bbl. Still, as the Federal Reserve cautiously cuts rates to test inflation and rising jobless claims, how far can this rally go? Will our flying metals be struck down by the hawks, or lifted higher by the doves? Brian's got the answers.
Speaking of flight, the ASX-All Ordinaries Index has soared 1,181 points this week, landing at 15,502.53! This rally came from several tailwinds: the price of gold in Australian dollar terms has outpaced US-dollar gold, corporate activity has surged with Gold Fields selling its A$1.1b Northern Star Resources stake, Gold Road Resources' acquisition is moving closer, and bullish sentiment is building around names like Ramelius Resources, with pre-feasibility studies of their new mines just around the corner.
And now, ladies and gentlemen, for the special part of this episode. Do you remember when we asked you to pick a number between 90 and 100? Well, the year-to-date returns of our fund have beaten any number you chose, even if you picked 100! That's right: The Australian Gold Fund has delivered a return of 117% year-to-date, outpacing the ASX-All Ordinaries Gold Index by 30%! Precious metals and the index may be flying, but our partners (or should we say pilots), Brian Chu, Trung Thai, and Jimmy Wong, have fastened their seatbelts and are flying even higher and faster! As they proactively manage their flight controls, this episode breaks down their strategies step by step to help you take-off your own precious metals investing journey. Why has the fund lifted cash holdings by nearly 5% at a time when metals and equities are running hot? With corporate activity surging, and large and mid-tier producers giving extraordinary returns over the past year, why has the fund placed half its holdings into developers and explorers? What de-risking factors does the fund use when picking those developers and explorers? And finally, why is the fund so bullish on Ramelius Resources? Our captain, Brian Chu, has you covered. Fasten your seatbelts, ladies and gentlemen, and welcome aboard! This is one episode you don't want to miss!