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- ⛏️ Golden Streak
⛏️ Golden Streak
PLUS: Rabbit Strikes
👷♀️ Greetings Contrarian!
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and ordered some pizzas. 🍕
📝 Here are the highlights
👏 Golden Streak
😉 Rabbit Strikes
🐦 Golden Myth Returns
📌 Daily Commodity Prices
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Source: TradingEconomics and Numerco.
👏 Golden Streak
Gold is set for its sixth consecutive week of gains, rising 2% this week to $2,865.36 per ounce, after hitting a record $2,882.16 on Wednesday. Safe-haven demand is driven by trade war concerns, with new tariffs impacting global economic sentiment.
Markets now await U.S. non-farm payroll data, with forecasts predicting a slowdown in job growth. Analysts suggest weak employment numbers could reinforce expectations for Federal Reserve rate cuts, further supporting gold prices.
Silver ($32.23/oz) and platinum ($987.10/oz) are also on track for weekly gains, while palladium ($968.44/oz) is down 3.9%.
😉 Rabbit Strikes
Tower Resources Ltd. (TSXV: TWR) has reported assay results from its drilling program at the Rabbit North property in British Columbia, Canada.
Highlights:
3.0 metres of 1.47 g/t gold and 32.93 g/t silver.
A major follow-up drilling campaign is scheduled to begin in March 2025. The company views the new discovery as a unique mineralisation style, possibly connected to a pre-orogenic porphyry system.
We’ll keep an eye on it.
🐦 Golden Myth Returns
This "China discovered a HUGE gold deposit" story is becoming like the golden asteroid story.
;-{)}
Not that this regurgitated story is worth reading, here's the link:
— Lobo Tiggre (@duediligenceguy)
12:24 PM • Feb 7, 2025
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How Are We Doing?Today's mining news was: |
Happy Speculating!
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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