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👷♀️ Greetings, Contrarian!
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and bought new sneakers. 👟
📝 Here are the highlights
🧐 Gold Weekly Loss
👏 Chile Copper Scale
🐦 Nuclear Buildout Begins
📌 Daily Commodity Prices
Source: TradingEconomics and Numerco.
🧐 Gold Weekly Loss
Gold prices edged higher today as traders bought the dip, but remained on track for a third consecutive weekly decline, pressured by a hawkish Federal Reserve and a stronger dollar that have reduced the appeal of non-yielding bullion.
Despite a modest rebound of around 0.6%, gold has fallen more than 6% this week and over 10% since late February, with escalating Middle East tensions fuelling inflation concerns and dampening expectations for interest rate cuts, while analysts note prices could remain volatile depending on how geopolitical risks evolve.
👏 Chile Copper Scale
Fitzroy Minerals Inc. (TSXV: FTZ | OTCQX: FTZFF | FSE: C3Y) reported drilling results at the Buen Retiro Copper Project, Chile.
Highlights:
384 metres of 0.22% copper, including:
94 metres of 0.33% copper.
Broad, near-surface mineralisation starting from 4 metres depth.
Copper mineralisation identified over a 1 kilometre trend.
The results support the presence of a large-scale copper system, with infill drilling underway to support a maiden resource estimate ahead of a PFS.
Metallurgical test work is set to begin, while geophysical surveys and additional exploration drilling aim to expand the system further.
📰 In Other News
🐦 Nuclear Buildout Begins
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Happy Speculating!
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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