I have to say that this is one of the best songs I've heard in ages, maybe even since the songwriting partnership of Robert Forster and Grant McLennan was ended by the death of Mr. McLennan.
This is, of course, Withered Hand and the track is the happy/sad "Horseshoe" from the fantastic New Gods album out now on Slumberland Records.
I urge you to get the record ASAP.
And, yes, that is Pam Berry of Black Tambourine, Glo-Worm, and The Pines providing vocals in this video from the most recent Wales Goes Pop! festival.