Ryan Stancil,
Editor
Feb. 24, 2025
Commodity Callout
Tariff threats are back in the news as gold climbs. It’s a story we’ve been witnessing for several months now, and it’s one we’re going to keep seeing. It’s why investors can look forward to $3000/oz gold and why they should be doing everything in their power to get in on the sector before the bull market really starts to take off.
Metal Price Update
Gold — Gold held steady all throughout last week, ranging between $2890 and $2930 per ounce. It’s now knocking on the $3K/oz door and has the momentum to reach that milestone sooner rather than later. Goldman Sachs even sees gold hitting $3100 by year-end.
Silver — Silver also held its range last week between $32.88 and $34.23 per ounce. Holding around $32/oz has been key to its recent resilience, and its lows may have simply been profit taking. It’s still being looked at as a haven investment and has enough runway ahead to break out alongside gold.
Copper — Copper saw somewhat of a pullback last week with a range between $4.59 and $4.85 per pound. The pullback wasn’t too far off from the previous week, nevertheless, and shows that the world is still wise to the fact that copper is essential to the green energy future.
Lithium Carbonate — The headwinds working against lithium picked up, pushing the metal’s price down to the $10,460 to $10,500 range. That’s slightly down from the previous week and shows that lithium still has a hill to climb to get back to a range that will have investors taking notice.
Uranium — Uranium saw a bit of a slump last week, holding the $64 per pound range, which is down from the prior week’s $66 to $68 range. This may simply be a temporary retracement as utility companies have only yet secured a tiny fraction of the supply needed for the next decade.
Company Callout
Latin Metals (TSX-V: LMS)(OTC: LMSQF) is a resource exploration company with precious metals and copper projects throughout South America. Its prospect generator model provides shareholder exposure to the upside of mineral discoveries while conserving capital. It does this by focusing on acquiring exploration properties before evaluating cost-effective exploration to establish drill targets.
The company’s 2025 is off to a strong start, beginning with a deal granting access to years of exploration data. That deal allows the company to move its exploration along faster than would have otherwise been possible while streamlining the drilling process.
This is on top of a list of recent news releases highlighting potentially lucrative discoveries at some of its properties with copper and gold resources. As we’ve been saying, those are two resources that are only going to see increased demand over the coming years, so investors will want to buy in now before prices begin to run away.
Latin metals also happens to be a portfolio company in Private Placement Intel where investors have the opportunity to take advantage of warrants that will automatically put money in their pockets when the resource catalysts we’ve been talking about cause the company’s value to rise. Learn more about private placement investing by clicking here.
You can listen to Gerardo’s recent interview with Latin Metals director Ms. Elyssia Patterson by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest