Metals Monday: Pushing Through the Commodity Pain

Commodity Callout

With prices down, most commodities are a good bet because of the potential rebound. Gold, however, has the most potential upside. 

Metal Price Update

Gold — The war’s effects continue to be felt throughout the commodity space. Gold started around $5000 per ounce before falling all the way to $4570 to end the week. In the short term, traders could be relying on energy as a hedge, due to the grim outlook of the war. Gold’s long-term prospects are still strong, however. 

Silver — Silver was in step with gold, starting around $81 per ounce and ending just under $70. Traders are simply looking for greener pastures and see that in energy, but this creates a buying opportunity for anyone with a longer-term outlook. 

Copper — Copper started around $5.85 per pound and ended around $5.37. It’s now given up the gains it made year-to-date, but the money should find its way back in time, because the demand for copper isn’t going to magically disappear.

Lithium Carbonate — Lithium prices saw a decline, starting the week around $22,700 per metric ton and ending around $21,600. Ongoing volatility in the Middle East is having an impact here, like everywhere else but oil prices pushing consumers in many places toward EVs could benefit lithium in the long run. 

Uranium — Uranium’s price continued a slow decline, starting the week around $85.65 per pound and ending around $84.65. It may be going largely overlooked because of everything else in the market, but that just gives savvy traders a chance to stock up on something that is going to be in demand in the long term.

Company Callout

Now is the time to take advantage of the pullback in prices in gold, and one of the best companies to do that with is Revival Gold (TSX-V: RVG)(OTC: RVLGF)

The thesis is simple. The company has two assets, Mercur and Beartrack-Arnett, both of which are in stable jurisdictions and have long potential mine life. Drills are turning at Mercur and have so far produced very favorable results. Exploration is ongoing at Beartrack-Arnett and it has potential that cannot be ignored. Recent news has pushed the company to new highs and the quality assets and exploration upside are going to bring nothing but positive attention to the company’s projects in time. 

When you look at the company’s leadership, you see people who have made long, storied careers in the mining industry and whose expertise will make Revival a household name in the ongoing gold bull market. 

At current prices, the company is a steal, and now is the time to buy in before gold prices rebound. Gerardo talks all about Revival in the latest Speculator Session for Junior Resource Speculator. Click here to access the publication and learn more about just why he considers it a core portfolio holding.

Call it like you see it,

Ryan Stancil

Ryan Stancil
Editor, Resource Stock Digest