Will the Oilers hoist silver?

This is your Resource Stock Digest editor Gerardo Del Real here with some Monday coffee talking points and thoughts.

What am I watching this week? Well, a lot of what I was watching last week. 

The lithium equities continue to get taken to the woodshed. So I’m watching to see if a bottom is in. It looks like the equities are in very, very oversold territory… but it's a fear and greed business. Let's see if the fear part subsides and some of the greed starts kicking in as there are a lot of compelling speculations right now in the lithium space.

The same can be said for the uranium space, which has been on a months-long consolidation. We're finally starting to see companies step off the sidelines and get to the merger and acquisition phase of it. Paladin has agreed to buy Fission Uranium at a premium equivalent to roughly C$1.30 per FCU share. The stock is up some 12% at last check. 

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I’ll be curious to see if that ignites better sentiment in the uranium sector with the spot price continuing to form what looks like a bottom around the US$82/lb level.

The greenback has been flirting with the 106 level and, hence, I’ll be watching that as it’s consequential to the rest of the commodities space. To me, gold, silver, copper, and uranium all still look bullish. We’ll see what the week brings. 

To my Canadian friends, especially those in Edmonton — go Oilers! Rooting for y’all… and it should be a heck of a Game 7. 

Take care out there and have a great week everybody.

Let's get it!

Gerardo Del Real

Gerardo Del Real
Editor, Resource Stock Digest