Metals taking a holiday too

This is your Resource Stock Digest editor Gerardo Del Real here with some Memorial Day coffee talking points and thoughts heading into a shortened market week. 

What will I be watching for?

Definitely looking for gold to turn right back around. This latest pullback is a healthy one, and I view it as a contrarian buying opportunity. Ditto for silver. In fact, I think both gold and silver go much, much higher as we are absolutely in a confirmed precious metals bull market that should be bought anytime you get a 2% or 3% correction.

Naturally, I remain bullish on the gold-silver juniors. Select equities in this favorite market segment of mine are still dirt cheap. Ones with quality assets in solid mining jurisdictions will eventually catch a bid and start commanding a premium. So make sure you’re positioned there. 

Everything I’m saying about silver and gold can also be applied to copper. Despite the temporary pullback, the red metal is in an absolute raging bull market. And hence, I think select copper juniors are very, very cheap right now. 

Buy Copper Stocks Now

It doesn’t get more explicit than that. 

Nick turned bullish on copper in February 2024. And he’s adding a new position in May.

You can see exactly how he’s positioning in copper stocks in his new research.

Click here to get it now.

Similar to the precious metals explorers, I’m seeing a select few copper names doing quality exploration work and not really being rewarded by the market — yet. That makes my contrarian heart smile… and it’s why copper exposure is my second-largest holding in my personal portfolio.

Turning to company-specific news, I'm keeping a close eye on Patriot Battery Metals (TSX: PMET)(OTC: PMETF), which continues to advance its world-class Corvette lithium discovery in the Tier-1 jurisdiction of James Bay, Quebec. 

I’m eagerly awaiting results from a newly-discovered high-grade zone at CV13. Those assays should start trickling in in the coming weeks. And the timing, really, could not be any better with lithium bottoming

That’s all for now. I hope everyone is having a fun and safe Memorial Day weekend. Things are shaping up for another exciting week. 

Let's get it!

Gerardo Del Real

Gerardo Del Real
Editor, Resource Stock Digest