Ryan Stancil,
Editor
Oct. 5, 2026
Commodity Callout
As most commodities face bear market conditions, uranium continues its quiet march upward.
Metal Price Update
Gold — Gold is in a slight bear market, as shown by its price starting around $4210 per ounce and ending around $4170. Some traders see the correction down from recent highs and think it’s time to exit gold, but this is still a time to be consolidating because of the positive long-term prospects.
Silver — Silver is in the same boat, having moved from just under $62 per ounce to just under $61. There could be some more downward revision of silver’s price before it bounces back, but traders should continue to hold.
Copper — Copper saw a pullback as well, starting around $6.66 per pound and ending just around $6.58. It’s displaying stronger resilience than precious metals and continues to remain a commodity to hold.
Lithium Carbonate — Lithium’s decline continued, falling all the way to around $18,300 from $20,200. Oversupply worries are still working their way through the sector, leaving some to lose faith in lithium even though its long-term prospects are still strong.
Uranium — Uranium prices rose, starting around $89.30 per pound and reaching just shy of $90. It’s likely to continue an upward trend as utilities sign contracts for their reactors and nations take steps to build more reactors in the near future.
Company Callout
At Beaver Creek, Gerardo spoke with management from Au Gold (TSX-V: AUGC)(OTC: AUGCF) and wants anyone willing to listen to know what lies ahead for the company.
The company’s project, based in Australia, is district-scale and has produced both gold and antimony in the past. The antimony component in particular is important because the government has deemed it critical and will do anything to secure its supply independent of Chinese sources.
The company has recently been working to complete historical reconstruction of past mining activity to identify where past work, limited by the mining technology of the time, encountered the best results. With those sites identified, management still has a few steps to take but anticipates drilling will begin soon. These developments have caused the stock to begin moving in the right direction, but that movement would be nothing compared to the fortunes that would befall the company if drilling turns up what management believes the ground holds.
As it stands, Au Gold’s market cap is around $17 million, but if the drills turn up what management thinks they will, it won’t stay that way for long.
It’s a big part of the reason why Nick and Gerardo are taking part in a financing through Private Placement Intel and are inviting subscribers to do the same. Click here if you’d like to learn more.
If you’re interested, you need to hurry. This opportunity won’t be available much longer.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest