Video by Resource Talks via YouTube
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Uranium closed almost 5% higher this week, correcting the move of the last two weeks.
While broad market equities, bonds, and the DXY were down this week, gold & silver closed the week in the green and even the gold & silver mining stocks did.
Oil also did well this week, following new from the DOE that they will try to repurchase oil for the SPR at $79, whereas previously they had said they wouldn’t want to pay for than $70.
Natural gas, coal, and palladium were the worst performing commodities this week, falling respectively 10%, 4.5%, and 4%, for whatever reason makes you feel ok.
In this episode, I also ranted about asteroid mining in 2024, CAPEX in Canada, and China’s move to curb graphite exports.
I was joined by nobody because nobody likes me and I don’t have friends.
Timestamps
00:00 unfunny but mandatory intro
02:50 what kind of week has it been?
05:50 eurozone inflation is still stubborn
07:19 the ECB sets up plan for CBDC
10:00 FED says "higher for longer"
10:25 jobs market is doing ok
11:13 Powell was speaking
13:00 highest federal budget deficit ever
15:14 China is doing ok
16:35 China is doing more stimuli
20:50 natural gas & coal are down big
24:30 gold & silver surprised to the upside
26:15 oil is up
32:00 they want to mine asteroids … again
38:40 Canada mining CAPEX reached decade high
43:05 China curbs graphite exports
46:50 uranium corrects the correction
48:40 US uranium producer faces challenges
52:55 more uranium RFPs
56:45 why was uranium up this week?
57:20 Europe is still dependent on Russia for uranium
01:00:05 pointless uranium bulls vs bears rant