Ryan Stancil,
Editor
May 5, 2025
Commodity Callout
A temporary setback saw gold’s price slide somewhat, but its fundamentals are still stronger than just about any other commodity out there. There continues to be plenty of opportunity to profit from it as global volatility from Trump’s tariffs unfolds. Junior miners are taking full advantage of the emerging bull market. Nick and Gerardo hosted a webinar last week that goes into detail and gives viewers the names of some of the companies set to do exceptionally well. Click here to watch that now, for free, and learn all about what should be in your portfolio.
Metal Price Update
Gold — Gold saw its price slide last week, starting around $3360 per ounce and ending the week at around $3240. Even with this pullback, the gold bull is still going strong and $3000 is likely the new floor. It’s still a smart choice for any portfolio, given that it’s a hedge against the volatility we’re seeing.
Silver — Silver followed gold’s slide in price. It reached a high of around $33.50 per ounce but ended around $32.24. A slightly stronger dollar had some role to play in this but experienced traders see this as a temporary pullback and buying opportunity. Like gold, the fundamentals for silver to continue thriving are all there.
Copper — Copper also saw a drop in price, from a high just over $4.80 to a low of $4.68. Growing recession fears are weighing on potential metals demand, even as copper is essential to the renewable energy future. But that reason is why traders are still bullish on it long-term.
Lithium Carbonate — Lithium’s price slide continued, starting at around $9,433 per ton and dropping to around $9,344. As long as the volatility continues, investors will increasingly lose interest in lithium. It’s tough to see where the floor is at this point, but many believe the long-term potential is still there.
Uranium — Uranium saw a slight uptick in its value last week, starting around $67 per pound and ending the week at around $68. Not a huge gain, but one that lends some credibility to the idea that its turnaround could be underway. Countries can’t get away from using it if they want to meet power demands, so it’s only a matter of time before the real uranium bull starts.
Company Callout
Energy Fuels (NYSE: UUUU)(TSX: EFR) is a US-based energy company that just announced record uranium production from its Arizona property, with grades being more than double what they are at most in-situ recovery operations. That, and further drilling from the company is being hailed as unprecedented. This is good news for a US-based company that is mining a mineral that is going to help power the future.
When you add on the fact that this company is the only near-term uranium supplier at a large scale in the US and its costs are among the lowest in the country, it makes sense that it would be one to add to the portfolio.
Nick has more about it in his latest issue of Hodge Family Office. You can read all the details in his latest issue by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest