👷‍♀️ Greetings Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and practice yoga. 🧘‍♀️🧘‍♂️🧘

📝 Here are the highlights

😉 Gold Bulls Charged

🧐 MinRes Meltdown Continues

🐦 Uranium Supply Squeeze

📌 Daily Commodity Prices

😉 Gold Bulls Charged

Gold prices eased slightly today but remained on track for a 3.6% monthly gain in August, supported by expectations of U.S. rate cuts, with spot gold holding near $3,407/oz after touching a five-week-high.

Markets are focused on U.S. PCE inflation data, which could determine the Fed’s rate cut path—an upside surprise may pressure gold below the key $3,400 level. The dollar is set for a 2% monthly loss, while yields also fell, boosting bullion’s appeal.

Traders see an 85% chance of a September rate cut, and physical demand in India has picked up ahead of the festive season.

And let’s not even mention that massive billion dollar gold purchase by Lord knows who.

🧐 MinRes Meltdown Continues

Mineral Resources (ASX: MIN) reported a $904 million loss for 2025, reversing last year’s profit, as governance scandals, succession uncertainty surrounding founder Chris Ellison, and a collapse in lithium prices weighed heavily on the company.

An internal probe found Ellison had undisclosed related-party dealings, prompting his planned departure, though no successor has been named, leaving investors uneasy. New chairman Malcolm Bundey pledged change but acknowledged shareholder frustration.

Shares dipped 1.55% to A$36.87, though still up year-to-date, valuing MinRes at A$7.3 billion.

Lithium prices—down 86% from 2022 peaks—have forced writedowns, though recent supply disruptions in China and bullish UBS forecasts point to a possible recovery by 2026.

📰 In Other News

🐦 Uranium Supply Squeeze

Happy Speculating!

The Editor

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