Mining Review Sunday 3rd December
It was a good week for junior mining stocks after the price if gold spiked as a result of the FED hinting that rate rises are done and the market expects cuts in Q2 2024 onwards.
I have noticed the share price and volume of stocks traded for Colonial Coal increasing, and with no news released, wonder if the market senses a deal is in the offing?
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City Investors Circle Mining Review Sunday 3rd December
It was a good week for junior mining stocks after the price if gold spiked as a result of the FED hinting that rate rises are done and the market expects cuts in Q2 2024 onwards.
I have noticed the price and volume of stocks traded for Colonial Coal increasing, and with no news released wonder if the market is smelling a deal in the offing?
The rise in the price of gold to within a whisker of its all time high has been positively received by the mining sector and a source of optimism in the Zurich Mining conferecne I attended this week.
It was good to see a couple of our companies coming out with good drill intercepts this week, American Creek via JV partner Tudor Gold, and Nevada King.
The Panamanian decision to close the First Quantum mine has reverberated around a shocked market, and only the dramatic rise in the price of gold deflected intertor’s attention away from this awful story and treatment of a decent mining company.
The conference season is now over, the meetings are now over and we can sit back and relax and enjoy the festive season.
I will certainly be keeping my eye on the Colonial Coal (CAD.V) shareprice and volume of shares traded this week, looking for signs that something may be about to occur.
News from our watchlist companies is below, click on the links to read the full story.
Nevada King Intercepted 2.37 g/t AU Over 75m
American Creek’s JV Partner Intersected 123 M of 3.51 G/T AUEQ
City Investors Circle Market Review Published
American Creek’s JV Partner Intersected 45.5 M Of 3.73 g/t AUEQ
Neometals AGM Presentation and Address
City Investors Circle Watchlist Adjustments
Mining Review 26th November 2023
Market Data
Weekly price changes
(US$ unless stated)
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Metal Prices
| Gold price in UK £ | 1631 | 2.51% |
| Gold | 2072 | 3.50% |
| Silver | 25.48 | 4.68% |
| Palladium | 1002 | -7.65% |
| Platinum | 944 | 1.07% |
| Rhodium | 4400 | 1.15% |
| Copper | 2.72 | -27.85% |
| Nickel | 7.41 | 0.41% |
| Zinc | 1.12 | -1.75% |
| Tin | 10.39 | -5.29% |
| Cobalt | 14.86 | 0.00% |
| Manganese | 2.9 | 3.57% |
| Lithium | 14631 | -13.13% |
| Uranium | 81 | 0.93% |
| Iron Ore | 130.5 | -3.76% |
| Coking Coal | 322 | -1.23% |
| Thermal coal | 133.3 | 4.55% |
| Magnesium | 3089 | 0.29% |
| ETF Prices | ||
| GDX | 31.81 | 8.49% |
| GDXJ | 39.44 | 9.98% |
| Sil | 28.33 | 8.25% |
| SILJ | 10.08 | 10.04% |
| GOEX (PCX) | 26.26 | 10.71% |
| GLD | 192.01 | 3.50% |
| COPX | 35.88 | 4.03% |
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
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This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
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Disclosure
At the time of writing the author holds shares in Colonial Coal.
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