This is the second, of hopefully many, weekly show for this website. I did the first one by myself as I couldn’t get everybody ready on time, but I plan on having guests in the future, to get an overview of the technical set up of the commodities and indices I follow, a geo guest who would explain mining terms to me, an analyst guest who would explain mining stock analysis tools, tips, and tricks to me, and hopefully even somebody who can talk to me about macroeconomic movements. For now, unfortunately for you, it’s just me, myself, and I.
This time around, I gave an overview of last week’s performance, as also an explanation on why things moved like the did.
Basically, last week, general US equities fell due to uncertainties in the market, because of the highest inflation numbers recorded since 1947, at 15.63%, as measured by http://www.shadowstats.com, but also because of uncertainties building up at the Russian border.
As an answer to that, gold & silver, as well as gold & silver equities went up, with SILJ outperforming massively, and closing the week in the green, up almost 10%, followed by GDXJ, and SIL.
In terms of ratios, platinum stays the cheapest, followed by uranium.
Uranium is still my highest conviction play because of the market fundamentals. More information in these 2 articles:
1. US Uranium Production Drops 98%
2. France Announces 14 New Nuclear Reactors
The “Mining Word of the Week” for next week will be “Pitchblende”.
Pitchblend is an important uranium ore mineral, which is black in color, possesses a characteristic greasy lustre and is highly radioactive. The name pitchblende comes from the colour of the crystal, which is very dark, and it’s also very dense.
Pitchblende is often referred to as “Uraninite”.
Pitchblende is a very rich uranium-type ore. It’s consists mostly of U02, and U03, not U308. Pitchblende also contains lead, rare earth elements, and thorium.
Pitchblende was found in Germany in the 15th century, in silver mines.
Pitchblend was used to discover uranium & helium.
The highest grades of pitchblende were found in Congo, Africa, and in the Athabasca Basin in Canada. Often times, when it’s found in those places, pitchblende is found together with silver.
I also talked about a few other interesting articles in this video, that you can read here:
1. Commodities Ready to Rocket Higher
2. China is Stuck With its Commodities
3. Gold to Move 400% in 8 Years
Please read this, and the full disclaimer over here, it really is important and for your own good:
This article should not be considered investment advice of any sort. No trading recommendations are being made in this article. Be diligent and do your own research before risking your capital. The investment decisions of the author are based on their own investor profile. This includes, but is not limited to, their risk profile, their cash balance and their debts. The author likely has a higher risk appetite than yourself. That’s why you may never assume anything on this website to be personally tailored to your situation. Resource Talks, nor the Author of this article are a registered advisory service and we do not give investment advice. Our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time.
Am I wrong? Did I miss something? Great! We’re all here to learn. If you caught a mistake in this article, please start a conversation down below by correcting me and providing further literature for me and future readers to benefit from. Thanks!