Metals Monday: Trump's Tariffs Get One Thing Right

Commodity Callout

Trump’s tariffs might actually be good for one thing, and that’s copper. He’s threatening a specific tariff for it, which would drive up the price like everything else. This would be good for domestic producers with one in particular sitting on a massive stockpile of the crucial metal. It’s able to do what no one else can; extract copper from waste rock that was once thought impossible to mine. Thanks to its chemical solution, it can turn that waste rock into profits for itself and investors. Click here to learn more and why it should be in your portfolio today. 

Metal Price Update

Gold — Gold came roaring back from its recent pullback, shooting past $3,200 per ounce. It’s one of the few legitimate safe haven investments, and so investors are buying up whatever they can get their hands on. That includes actual gold bullion along with gold miners sitting on massive resources. The gold bull is just starting and is poised to take off in a big way.

Silver — Silver mounted a comeback too, moving from a low of just over $30 per ounce to a high of just over $32 over the course of a week. It continues sharing in gold’s glory and so its value will likely continue to rise for the foreseeable future. 

Copper — Copper didn’t make it back above $5 but did move up 5% over the course of the week, ending at around $4.50 per pound. Trump is threatening tariffs on it. It has a wide range of industrial uses, so people who need it are buying whatever they can get. It will eventually reach a level where $5 will seem like a distant memory. 

Lithium Carbonate — Lithium continues to bottom with its per-metric-ton price ranging between $9,714 and $9,864 last week. It continues to be the kind of environment where investors who have the stomach for weathering the downturn should add to their positions for however long it takes for the market to turn around. 

Uranium — Uranium held steady last week, not straying far from the $64.40-per-pound price point it set last week. Its continued resistance in the face of increasing economic uncertainty lends credit to the idea that it will be one of the few reliably profitable investment avenues while the rest of the market tries to navigate the chaos. 
Company Callout

One company you’re going to want to keep a very close eye on is ‍Revival Gold Inc. (TSX-V: RVG, OTCQX: RVLGF). In the midst of this record-breaking gold bull market, it has recently announced results from a Preliminary Economic Assessment (“PEA”) on its Mercur Gold Project in Utah.

In short, the numbers they announced in the press release are prepping the company to become a prime takeout target and make investors rich in the process. 

Just last week, it saw its price rise nearly 50%, so there are already eyes on it. The window to reap the biggest-percentage returns on this miner might be closing sooner rather than later.

Revival Gold chart

Gerardo talks about the company, its potential, and why it’s one of the cornerstones of his portfolio in the latest issue of Junior Resource Monthly. Click here to learn the full story.

Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Resource Stock Digest