Ryan Stancil,
Editor
Aug. 31, 2026
Commodity Callout
Copper continues to hold strong as most other commodities experience up-and-down movement.
Metal Price Update
Gold — Gold lost some of its recently regained value, starting the week around $4700 per ounce and ending it around $4500. Fed Chairman Warsh delivered comments on the state of the economy, and though he offered no forward guidance, some took what he said about inflation as an indication that he is willing to hike rates, which caused some to sell. This opens up an opportunity to buy gold at prices discounted from recent highs as its core fundamentals are still strong.
Silver — Silver is in the same boat as gold, having started the week at nearly $70 per ounce before dropping to just under $68. Like gold, some traders sold because of short-term panic but the long-term optimism is still strong.
Copper — Copper stayed in a tight range, ultimately ending the week close to its start, with the final price being $6.64 per pound. This shows that it remains resilient in a turbulent commodities market where most of the attention is on gold and silver. You should continue buying.
Lithium Carbonate — Lithium prices saw a downtrend over the week, starting around $23,800 per metric tonne and ending around $22,700. Even with this pullback, the price of lithium is still in an upward trend, especially over the past month. Use this opportunity to continue adding to your portfolio.
Uranium — Uranium rose from around $89.60 per pound to $90.60 before falling and ending the week around $89.80. Prices are up from the previous week and show that uranium is still on a steady upward trend that will continue to benefit investors.
Company Callout
Q2 Metals Corp. (TSX-V: QTWO)(OTC: QUEXF) is a name to keep in mind for any investors interested in lithium.
Recent drill results show exactly why.
Assays from the 2026 summer drill program at the company’s Cisco lithium project in Quebec showed the kind of results that perfectly illustrate how valuable the resource is.
Hole CS26-093 returned the following:
- 403.7 meters grading 1.57% lithium oxide
- 213.8 meters grading 1.93% lithium oxide
- 60.8 meters grading 1.24% lithium oxide
These are the kinds of results that make companies household names and turn investors into millionaires. Gerardo has said that this is the best lithium hole he has ever seen, and Sage McCallum, Q2 Metals Vice President of Exploration, said it was the company’s best hole to date.
Currently, there are four drill rigs in operation at Cisco, and the company is eyeing additional rigs in order to expand beyond the main deposit area. If these recent results are any indication, Q2 is well on the path to outpacing its current market cap of C$670 million. Gerardo personally believes that number should be closer to C$1 billion given its resource and the strengthening lithium market.
All of this could also be laying the groundwork for the company to eventually be taken over by a bigger player, so making it part of your investment portfolio would be a sound strategy.
Gerardo talks at length about the company in the most recent episode of Bizarro World Live, which you can listen to by clicking here.
It’s also been part of the Junior Resource Monthly portfolio, where it is also up over 600%. If you want to learn more about the company, you can become a subscriber by clicking here.
Keep your eyes open,