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- ⛏️ Gold’s Comeback Glow
👷♀️ Greetings Contrarian!
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and watch the Winter Olympics. ⛷️🏂
📝 Here are the highlights
😍 Gold’s Comeback Glow
🤝 Myriad Acquires Rush
🐦 Syntholene’s Iceland Breakthrough
📌 Daily Commodity Prices
Source: TradingEconomics and Numerco.
😍 Gold’s Comeback Glow
Gold rose more than 1% today to around $4,970/oz as dip-buyers stepped in after a sharp 3% drop the previous day.
With strong demand in Asia (especially ahead of China’s Lunar New Year) helping drive the rebound, while investors now await key US CPI inflation data for clues on Federal Reserve rate cuts.
Silver also surged nearly 4% after an 11% fall, platinum, and palladium edged higher but remained on track for weekly losses, and ANZ lifted its Q2 gold forecast to $5,800/oz, calling gold an insurance asset amid uncertainty.
🤝 Myriad Acquires Rush
Myriad Uranium (CSE: M) has signed a definitive merger agreement to acquire 100% of Rush Rare Metals (CSE: RSH), issuing 1 Myriad share per 1.85 Rush shares.
The deal is designed to consolidate full ownership of the Copper Mountain Uranium Project in Wyoming, where Myriad already holds 75%, improving project control and valuation.
Rush will also spin out its Boxi Property (Quebec) into a new company, with Rush shareholders receiving 1 Spinco share per 4 Rush shares, in addition to Myriad shares.
📰 In Other News
🐦 Syntholene’s Iceland Breakthrough
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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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