Mining Review Sunday Update 26th September 2021
Just as gold was staging a recovery it was slammed back down by the FOMC meeting tapering and interest rate comments.
Some energy metals are soaring, namely coking coal, uranium and lithium, rising 72%, 51% and 38% respectively in the last month.
City Investors Circle Mining Review Sunday Update 26th September
Just as gold was staging a recovery it was slammed back down by the FOMC meeting tapering and interest rate comments. Now in the mid 1700’s, gold looks be to out of favour and looking for friends in a world where stocks and the dollar are appreciating in value.
Some energy metals are soaring, namely coking coal, uranium and lithium, rising 72%, 51%, and 38% respectively during the last month.
Some industrial metals are taking a breather as Chinese growth concerns arise out of the Evergrande property empire on the brink of insolvency, and the ramifications for the Chinese construction market.
One headline shocked me this week, there are proposals in the US Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric vehicles and other green technologies.
Surely they don’t want to disadvantage their own companies and encourage importation? Not exactly a very green proposal in itself!
Stocks from our watchlist in the news last week
Cornish Metals – Cornish Metals Adds a Second Rig at United Downs
GoldMining Inc. – GoldMining Inc. Updates Mineral Resources
Newcore Gold – Newcore Gold Intersects 2.33 g/t Gold Over 14 m
Apollo Consolidated – Apollo Consolidated Hits Gold at Cleo and Rebecca
Wesdome Gold Mines – Wesdome Gold Mines Report High Gold Grades
Los Cerros – Los Cerros publish Quinchia Gold Project Update
Precious metal ETF’s
|Au / Ag Ratio||77.93||3%|
|10 yr Tbond||1.454||6%|
|US index (DXY)||93.28||0%|
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