Gold In The Shadows Of Some Glowing Gains

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The resurgence in the resource market is uplifting. Also, this week, the crypto community had a bunch of drama regarding the SEC approving the first Bitcoin ETF. In the end, it happened, and of course, it was a sell-the-news type of event, and Bitcoin experienced a correction.

But shortly after, the spot price of uranium shot up from Kazatomprom's announcement.

However, this news kept gold in the shadows. The fact is gold had a phenomenal week and, at the time of writing, is around US$2,048 an ounce.

Despite the steady rise in gold, it's a bit frustrating not to witness a similar trend in the gold junior mining sector. However, there were a few companies this week that were awarded for producing good copper results. So we can’t really say the sector is dead. With uranium and copper stocks moving, speculators are here and ready. But regarding gold stocks specifically, there is some catching up needed here.

Out of curiosity, we wanted to see if the uranium juniors were as complacent as gold juniors when the underlying metal moved lately. In this niche market, many did experience some notably positive days on Friday.

Surely, every uranium company closed radiant green yesterday. This is just the list of the best percentage game performers on Friday from the CEO.ca site. Lots of uranium companies and not one gold company in this screengrab. Gold Flora is the only gold in its name, and it’s a cannabis company.

It looks like the team at Crux Investor had a busy end to the week with uranium companies wanting to flaunt their feathers.

‘Just take off the jacket Brandon, no one will notice.’

Except Wingman of course.

Bannerman Energy is actually a nice uranium story and they have been one of the better performers in this uranium run.

But enough about uranium, we have no exposure and are not interested in taking a position at these prices. Congrats to all who have made some money and best of luck!

On Thursday evening, Wingman was a bit tired and didn't cover the market news for January 11th; instead, we just trolled the uranium hype. However, there was one story that truly caught our eye and deserves attention. Interestingly, this news broke after hours on the 10th, but we also missed it in the Jan 11th edition. Our bad.

American Pacific Reports Most Significant Copper Drill Intersections To-Date at Its Palmer VMS Project, Including 43.8 Metres of 6.54% and 23.9 Metres of 9.03% Copper

Those are some long intercepts of high-grade copper and zinc. They didn’t include the depth so here is the table of the significant assay results in Zone 1.

With regards to our Weekly Maintenance Check, there was no news from any of our holdings, so there isn't much to comment on. If you are interested in reviewing our positions, please feel free to subscribe to continue reading.