Gerardo Del Real,
Editor
Aug. 26, 2024
This is Gerardo Del Real, your Resource Stock Digest editor here with your Monday coffee talking points.
What are we watching this week?
Gold has broken out above the $2,500 mark convincingly, once again, currently trading at $2,516. I’m looking to see if it can get above that $2,550 level that it needs to break on its way to $2,600. Ditto for silver, which is flirting with the $30 mark at $29.82. It needs to get above 30 and 32 convincingly in order to make a run substantially higher. The dollar is helping that along. It looks like it's in breakdown mode just above the $100 mark at $100.81. Curious to see if it's able to hold the $100 mark or if it breaks down.
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As always, we're watching to see if the lithium equities have bottomed.
We're looking to see if the uranium spot price continues higher and looking to see if the uranium equities perk back up. We had news last week saying that production was going to be severely curtailed by one of the world's biggest producers.
I’m really, really curious to see if the equities continue to rally from the new base that they recently made.
That's what we're watching this week, folks. We are looking for news from Q2 metals (TSX-V: QTWO) as we await assays from the Cisco lithium project, which is shaping up to be a potentially world-class lithium asset next to phenomenal infrastructure.
Have a great week, everybody.
Let's get it,
Gerardo Del Real
Editor, Resource Stock Digest