Ryan Stancil,
Editor
Feb. 17, 2025
Commodity Callout
Gold is once again proving its worth in a market rocked by volatility and uncertainty. Thanks to trade wars and geopolitical saber rattling, traders are on edge and looking for safe places to park their capital. That’s why gold came very close to $3,000 per ounce and why it has a clear path to clearing that hurdle sooner rather than later.
Metal Price Update
Gold — Gold continues its winning streak and, over the last week, came very close to touching $3,000 per ounce. It ranged from around $2,895 to a high of around $2,960. It seems like $3,000 is inevitable at this point as the fundamentals of the trade war and continued volatility are still in place.
Silver — Silver had a good week, just not as good a week as gold. While gold is reaching new highs, silver has yet to approach 2011 highs of around $50 per ounce. Instead, it has stayed within the $31.70 to $32.30 per ounce range. Still, it has many of the same positive catalysts as gold, so its fortunes could see it climbing higher.
Copper — Copper’s continued ascent is a slow burn but one that’s going to produce long-term profit potential over the next several quarters. Its range this past week ran between $4.59 and $4.83 per pound, which is higher than in the previous week and is showing that the red metal’s value is gaining notice in the market.
Lithium Carbonate — The headwinds facing lithium carbonate continue to weigh with prices running between $10,473 and $10,558 per metric ton. Those headwinds are stubborn and are likely to persist for some time.
Uranium — Uranium’s struggle to regain the value it lost from the DeepSeek reveal have continued. Last week, it ranged between $66 and $68 per pound, which is slightly lower than the week prior. On one side, a pro-nuclear administration could help bolster the price but trade concerns could sink that advantage on the other side. Only time will tell which way things will go.
Company Callout
Amid the commodity boom, one company to watch is Minehub Technologies (TSX-V: MHB)(OTC: MHUBF). This is a company that offers a digital supply chain platform enabling resource companies to have real-time trade data and inventory management in a sector that has long been awash in corruption and underhanded practices. The company’s timing in carving out this niche could not be any better because, as worldwide electrification grows, accountability for emissions and ethical sourcing are going to grow. And Minehub’s platform allows for those things.
The network of companies using the Minehub platform has been expanding, putting Minehub on a clear path to profitable growth in the near future.
We financed Minehub through a private placement last year at C$0.22 per share, and it just climbed past C$1.00 this week. Deals like this are where real profits can be found. The next such deal will be out later this week.
If you want to learn more about financing a company with that kind of massive profit potential, you can click here to watch our recent webinar on private placements. You’ll also get details on how to finance the next company set to skyrocket the same way Minehub did.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest