- The Next Big Rush
- Posts
- ⛏ Why Is Gold Rising?
👷♀️ Greetings Contrarian!
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and catch some waves. 🏄♂️
📝 Here are the highlights
🤔 Why Is Gold Rising?
👏 Bananas Find
🐦 Uranium Renaissance Opportunities
📌 Daily Commodity Prices
Source: TradingEconomics and Numerco.
🤔 Why Is Gold Rising?
Gold prices jumped over 1% today, reaching a two-week peak amid rising Russia-Ukraine tensions, setting up for the best weekly gain in over a year. Spot gold hit $2,707.05 per ounce, while U.S. futures climbed to $2,709.70. Despite the U.S. dollar reaching a 13-month high and Bitcoin nearing $100,000, gold's safe-haven appeal remains strong.
Geopolitical risks, including Ukraine's drone strikes on Russian targets, have spurred increased investment in gold. Investors are eyeing potential Federal Reserve rate cuts in December, with a 59.4% chance of a 25-basis-point reduction, although a pause could trigger a price dip.
Other metals also saw gains: silver rose 1.7% to $31.31 per ounce, while platinum and palladium held steady for the week despite minor fluctuations, signalling strong interest in safe assets.
👏 Bananas Find
Interra Copper Corp. (CSE: IMCX) announced results from its 100%-owned Thane Copper-Gold Project in British Columbia, Canada.
Highlights:
3.82 metres of 0.218 grams per tonne gold and 3.82% copper.
7.15 metres of 0.472 grams per tonne gold and 7.15% copper.
2.86 metres of 0.258 grams per tonne gold and 2.86% copper.
A specialist team has confirmed the Thane property’s strong potential for alkalic copper-gold porphyry mineralisation, identifying high-priority targets such as the Bananas and Gail showings.
The price is a nice 17.6% and the volume has multiplied 10x as we type.
📰 In Other News
🐦 Uranium Renaissance Opportunities
🔍Looking for companies in #Uranium#mining, exploration, milling, refining, conversion, enrichment and #Nuclear fuel fabrication poised to benefit from a new Nuclear Renaissance?📈⚛️⛏️💰🧐 Goldman Sachs provides this nifty chart of major names that they have identified.👇🤠🐂🏄
— John Quakes (@quakes99)
7:52 PM • Nov 21, 2024
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.
Would you like to update how frequently you receive our emails? 📬
Reply