Ann: Gwalia Mass Extraction Feasibility Study, Guidance & webcast, page-181

Newsflow is starting to look very positive for SBM given the gold price. The market may recognize SBM as oversold. The ASX takes a while to get out of slumbers on certain stocks but I think SBM is one of those that will not remain at these levels for much longer. See gold price newsflow below:

www.marketwatch.com/story/gold-nears-best-level-in-a-month-as-global-market-jitters-persist-2019-03-25?siteid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20marketwatch%2Ffinancial%20(MarketWatch.com%20-%20Financial%20Services%20Industry%20News)

Gold nears best level in a month as global market jitters persist

: Mar 25, 2019 8:18 a.m. ET

special counsel Robert Mueller’s investigationAFP/Getty Images

Gold pushed higher again Monday, within striking distance of its best level in a month, as financial markets kept attention fixed on global growth fears and a recessionary alarm persisted in the bond market.

Bond yields had settled down on Monday after Friday’s action marked the first U.S. curve inversion since 2007, but concerns around this oft-referenced recession signal persisted. U.S. stocks were indicating a mildly firmer open.

Gold for April delivery GCJ9, +0.46% on Comex rose $3.90, or 0.3%, at $1,316.10 an once. It settled Friday at $1,312.30, the highest finish for a most-active contract since Feb. 28. The contract scored a weekly gain of 0.7%, which marked its third weekly rise in a row, according to FactSet data.

The gold-backed SPDR Gold Shares GLD, +0.48% exchange-traded fund edged up by 0.4%, after logging a weekly rise of 0.8%.

“As riskier assets point to another sliding session on Monday, we are also seeing clear moves into safe havens,” said Jasper Lawler, head of research, with London Capital Group.

“The Japanese yen USDJPY, +0.13% is trading at a six-week high, whilst gold is climbing towards a one-month high at $1,325,” he said. “A break-through at this level could see the precious metal bound higher to resistance at $1,332. Should recession fears continue to bite, gold could push substantially higher towards $1,380.”

The 10-year U.S. government bond yield TMUBMUSD10Y, +0.61% fell to 2.453% Friday, trading beneath the yield on the 3-month T-bill and for the first time since 2007. Yields fall as bond prices rise. A 10-year note was yielding 2.465% Monday. The first market test of reaction to a long-awaited report by came in Asia trading, where stocks initially gained. The report, release on Sunday, didn’t find evidence that the Trump campaign “conspired or coordinated” with Russia to influence the 2016 presidential election. Mueller also investigated whether Trump obstructed justice but didn’t come to a definitive answer.

Instead, investors were refocused on global recession fears sparked Friday by a round of weak March purchasing-managers-index readings in the eurozone that pointed to a further slowdown in activity. Compounding those fears, U.S. data later that day showed growth in the manufacturing sector. Weaker economic data Friday came after the Federal Reserve earlier that week signaled that most policy makers expect to deliver no rate increases in 2019 versus a previous indication of two hikes. The central bank also downgraded its growth forecast as it pledged to remain patient, following through on a January pivot that saw it abruptly put its policy of gradual monetary policy tightening on pause.