Ryan Stancil,
Editor
Aug. 24, 2026
Commodity Callout
Gold saw a big pop in its value, thanks to the Treasury undermining faith in the dollar. This could be just the start.
Metal Price Update
Gold — Gold continued its winning streak, starting the week around $4465 per ounce and ending around $4680. The US Treasury announcing its policy of doubling the size of buybacks sent waves through the market, weakening the dollar and strengthening gold. If these kinds of policies become the norm, this could be just the beginning.
Silver — Silver saw upward movement too, starting around $66 per ounce and ending just shy of $70. In a market like this, where traders are seeking havens as they doubt the dollar’s strength, they’ll take what they can get and silver will benefit from that.
Copper — Copper fell and recovered, starting and ending around $6.60 per pound after dipping as low as $6.46. Gold’s surge may have taken some of its attention, but copper’s resilience in this environment can’t be ignored.
Lithium Carbonate — It was an up-and-down week for lithium, with prices starting at $22,700 per tonne, dropping to $22,450, and then rising again and ending around $22,650. Inventory keeps falling at a time when demand is rising, so lithium is likely to maintain this momentum for the foreseeable future.
Uranium — Uranium prices continued to climb, starting around $87.75 per pound and coming in just under $89 at the end of the week. We may be seeing the beginning of a big uranium surge, with AI being one of the big driving forces behind it.
Company Callout
Gladiator Metals Corp. (TSX-V: GLAD)(OTCQB: GDTRF) is a name to consider for your portfolio, not just because it will benefit from the boom in the copper sector, but because of what else its resources hold.
The company recently released results from another 28 holes of drilling that show major copper-gold-silver-molybdenum skarn mineralization. That last one, molybdenum, is especially important because it is a versatile metal that is used in manufacturing, agriculture and other key industries.
Among those notable drill results were:
- 55.5 meters grading 1.10% copper and 668 ppm molybdenum, including 18.1 meters grading 1.97% copper and 1,172 ppm molybdenum; and
- 72.8 meters grading 0.62% copper and 1,018 ppm molybdenum, including 23.4 meters grading 1.16% copper and 1,226 ppm molybdenum.
And with molybdenum currently trading around $70,000 per ton, it’s easy to see how the resource could provide a significant contribution to the company’s future operations.
The recent drill results were from the northern limb and also show the greater potential across the company’s Cowley Project, considered to be its cornerstone. Recent results have almost doubled the size of the program and there are plans to move a second drill rig into place to begin infill drilling along Cowley’s southern limb.
Cowley is just one part of the company’s Whitehorse copper project, with expansion ongoing at other parts, such as Cub East, where there’s potential for another major skarn system.
A recent increase in the geophysical budget will allow the company to continue pursuing current drilling projects with an eye towards drilling in other areas that have historically held resources. Recent financing will allow that drilling to continue through next year without needing to secure more funding from shareholders.
This company is currently at a stage where there is massive profit-making potential for investors. The stock’s price has risen 200% since November, when Nick added it to the Underground Alpha portfolio, and that could just be the beginning.
He talks about the most recent developments in the latest issue of Underground Alpha, which you can read by clicking here. At its current price, it’s one that should be in all resource portfolios.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest