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UxC president Jonathan Hinze said in an interview this week that the uranium supply chain is "extremely tight". This happens on the back of Kazatomrpom having transport challenges, a revolving door, and a Russian partner who potentially wants a larger piece of the pie.
Gold & silver had a very positive reaction to the unfortunate situation in the Middle East, while oil had an over 6% green week, in the face of US sanctions on Russia being enforced.
Copper on the other hand, didn’t have as much fun this week as China reported a +13% growth in year-on-year copper output, while inventories at the LME continued stacking up, reaching a two-year high.
During an on-stage interview in London this week, mining billionaire Robert Friedland said that he would short every lithium stock he could get his hands on.
Thos are just a few of the topics discussed in this week’s Weekly Talks, episode #87, which covers the 41st week of the year (October 9 – October 13), and in which I was joined by Gerry Brocklesby, the CIO of Orecap Invest – a merchant bank & company builder who is a paying advertiser on this channel.
Timestamps
00:00 an intro, I guess?
02:25 market overview
03:50 US inflation = solved
08:05 FED rate hike incoming?
13:00 China deflation?
14:20 more china stimuli?
18:03 why is oil up 6%?
21:40 commodity losers
22:15 why is copper down?
24:50 are gold stocks really cheap?
37:40 should we leave gold in the ground?
42:00 does Robert Friedland want to short lithium?
47:00 why is gold going up now?
52:10 are rare earths going to follow?
01:00:00 what happened in uranium this week?
01:15:00 I’m sleepy