Mike Fagan,
Editor
July 19, 2024
The second half has arrived… and it’s bringing with it higher metals prices.
Gold, in its entire history, has never traded higher. It’s currently on the cusp of $2,500 an ounce and appears poised for a run to $2,600-plus before year-end.
Silver is trading in tandem with gold. It’s now at multi-year highs above $28 an ounce. Six months ago, it was trading around $22.50.
Copper, despite the recent cool-off, is having a tremendous year. The red metal was trading at the mid-$3 per pound range in February. It’s now north of $4 per pound, and a push to above $5 is certainly in the cards for 2H 2024.
Uranium is holding strong above $80 per pound, maintaining the surge from late-2023 amid bullish demand expectations and risks to supply.
Kazakhstan, the world’s top uranium producer, just announced a surprise mineral extraction tax for uranium production with the strong possibility of a further increase starting in 2026, discouraging projects and investments for uranium mining output and adding to global supply pressures.
Buy Energy Stocks Now
Oil is marching higher and it’s time to buy oil and gas stocks.
Nick has new oil stock guidance in the July issue of Foundational Profits.
You can get it here.
Those factors, among others, are putting a premium on high-quality uranium exploration and development projects in safe jurisdictions such as the United States and Canada.
To that end, we’re starting to see increased M&A in the uranium space with tons of attention on Paladin’s present buyout offer for Fission Uranium (TSX: FCU) and its high-grade PLS discovery in Saskatchewan, Canada. Could this be the start of a bidding war for FCU? We’ll soon find out.
We’re seeing the same type of action across the copper world.
Recently, it was announced that heavyweights Lundin Mining and BHP were weighing a potential joint bid for Filo Corporation with Filo being a natural fit for the two mining leaders who are seeking to replenish depleting reserves at a time when high-grade, district-scale copper deposits are becoming increasingly scarce. That deal has now come to fruition via a buyout transaction valued at US$3B.
Lithium has been the one outlier. After being trounced to the tune of some 80% from 2022-23, the price of lithium hasn’t quite taken off just yet… but it has stabilized.
And that means a setup is now in place for a powerful resurgence in the lithium space driven by continued expansion of the global EV market, large-scale Gigafactory construction in the US, Europe and China, along with advancements and increased demand in the energy storage market: Solar, wind, and other grid-scale storage solutions all rely on lithium-ion batteries for energy storage.
Covering all of this and more with unmatched skill and acumen is our own Gerardo Del Real of Junior Resource Monthly.
As a steadfast contrarian, he’s been yelling from the rooftops for months about what this second half is going to bring in the metals space. And he’s been positioning his readers accordingly for more triple-digit winners across the precious, base, and energy metals.
That includes a low-priced junior copper explorer that he believes is well on its way to multiple district-scale, copper-dominant discoveries in Peru. After a long wait through an arduous permitting process, the drills are finally set to turn in Q4 at one of the company’s co-flagship projects.
That initial drill program could very well be the launchpoint for multiple years of exciting copper discovery news via the drill-bit.
Is This Gerardo’s Next 10,000% Winner?
Expert speculator Gerardo Del Real recently recommended a stock trading at 16 cents that rose all the way to $17.74 in less than two years.
That’s 110X your money or 10,000%.
If you missed it, don’t worry, because he is about to reveal his top 3 Commodity Supercycle stocks today.
Each with the potential to rise 1,000% or higher. Click here to be one of the first to see it.
Gerardo plans to have his own boots on the ground at the project later this year, which is all just part of the extra mile Gerardo routinely goes for his readers. And he’s happy to do it.
Besides family, resource speculation is Gerardo’s number one passion… and you’ll get an immediate sense of that in the monthly pages of Junior Resource Monthly.
The July issue is hot off the press, and with the way the second half is shaping up in the metals space — just as Gerardo predicted — it’s something you definitely do not want to miss.
Yours in profits,
Mike Fagan
Editor, Daily Profit Cycle