* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, June 26, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

A Weekly Recap of All Things Resources to Friday, November 17th

November 19, 2023
in Business
A Weekly Recap of All Things Resources to Friday, November 17th
Share on FacebookShare on Twitter

‘That’s a Wrap’

By Rod Blake

As the brokers, investors, portfolio managers and traders reviewed the previous week’s market action, it was clear that the American big boards of Dow 30, S&P 500 and NASDAQ were following the 4th-quarter script higher while the resource weighted TSX composite and worse yet, the junior TSX Venture went negative.

The way I see it – Although it was disappointing to see the Venture Exchange down by almost 3% last week, I took it with a seasonal grain of salt. By seasonal I mean tax loss selling season that affects the Venture Exchange much more than the senior boards. Here’s why – investors sell stocks for a loss at year-end to offset gains they have made in other stocks or assets such as real estate etc. This tax loss selling puts noticeably more pressure on the Venture than the senior exchanges because many listings on the TSX venture are thinly traded. That is, they don’t trade in large volumes, especially in years like 2023 when interest in junior companies was almost nonexistent and the index is at multi-year lows. Plus, experienced brokers and investors know that this selling is coming so they pull back their bids on target stocks and wait for the sellers to push the share price down to them. Tax loss selling puts a exaggerated seasonal downtick on the Venture Exchange, which usually ends with a sharp rally in the New Year. So, while a year-end seasonal low in the Venture Exchange is disappointing – for shrewd investors – it may well present a very good buying opportunity.

Last week’s market gains spilled over into the new week, save for the TSX Venture that continued to receive relentless selling pressure.

E-One Moli Energy announced the Taiwan based company will build a new $1.05-billion lithium-ion battery plant in Maple Ridge, BC.

This as the price of Lithium fell to a new 2-year low of US$19,745 a tonne.

The continued low price of lithium carbonate helped to drag the price of lithium giant Albemarle Corporation ‘ALB-N’ stock down to another new 3-year closing low of US$114.19.

Also with clean energy – Amazon.com, Inc. ‘AMZN-N’ announced the giant American company will build its first Canadian wind farm in Vulcan County, Alberta. The 495-megawatt capacity facility, to be constructed about 130 kilometres south of Calgary, will produce enough power to run about 240,000 homes.

Parkland Corporation ‘PKI-T’ said the Calgary, AB based fuel company had secured a $210-million Canada Infrastructure Bank (CIB) financing that will facilitate the building of up to 2,000 electric vehicle (EV) public fast charging stations across Canada.

After months of negotiations –Teck Resources Ltd. ‘TECK.B-T’ & ‘TECK-N’ announced the Vancouver, BC based senior miner had agreed to sell its steelmaking coal arm, Elk Valley Resources (EVR), to Switzerland’s Glencore plc ‘GLEN-L’ and partners in an all-cash deal valued at some US$9-billion.

The price of Northern Dynasty Minerals Ltd. ‘NDM-T’ & ‘NAK-N’ shares’ rallied by $0.05 or 10.20% to $0.54 after the Vancouver, BC based mineral developer received an initial $2-million royalty advancement payment intended to help advance the company’s Pepple copper/gold project in southern Alaska.

Skeena Resources Ltd. ‘SKE-T&N’ shares’ rose by $0.06 or 1.20% to $5.06 after the Vancouver, BC based mineral developer released a positive Definitive Feasibility Study for the company’s Eskay Creek Gold-Silver Project in the Golden Triangle area of northwest British Columbia.

This as the price of silver rose to a new 21/2-month high of US$23.76 a troy ounce.

Birchcliff Energy Ltd. ‘BIR-T’ stock dropped by $0.45 or 6.02% to 7.03 after the Calgary, AB based oil & natural gas company’s 3rd-quarter report failed to meet investor expectations.

This as the price of natural gas fell to a new 2-month low of US$2.96 per million British thermal units (MMBtu), while crude oil fell to a new 4-month low of US$72.90 per barrel (Bbl).

The influential Baker Hughes Petroleum Rig Count reported the number of active American drilling rigs rose by 2-rigs over the past week to 618, down by 164 rigs from this time last year. In Canada – the number of active rigs fell by 3-rigs to 196, down by 5-rigs from a year ago.

The price of lumber rose to a new 4-month high of US$538 for 1,000 board feet (MBFT).

Uranium equities continued to lead the resource markets with Fission Uranium Corp. ‘FCU-T’ rising to a new 11/2-year closing high of $1.02, while NexGen Energy Ltd. ‘NXE-T&N’ and Cameco Corp. ‘CCO-T’ & ‘CCJ-N’ rose to respective new all-time closing highs of $8.74 and $61.19.

Silver and lumber were the commodities that had the best weekly gains, while lithium and natural gas were the largest drags.

All of the major North American markets showed gains at the end of the week, with the TSX Venture Exchange doing a complete turn about and outperformed its more senior siblings.

For the Week – the DJI gained 1.94% to 34,947 with the S&P 500 up 2.24% to 4,514 and the NASDAQ ahead by 2.37% to 14,125. In Canada – the TSX gained 2.66% to 20,176 and the TSX Venture rose 4.12% to 531. The CBOE Volatility Index or VIX fell 2.61% to 13.80.

With currencies – the Canadian dollar gained 0.59% to US$0.7288 while the U.S. dollar ‘DXY’ dropped 1.88% to 103.80. 

With commodities – gold bullion gained 2.17% to US$1,980, as silver rose 6.65% to US$23.72, and copper gained 4.18% to US$3.74, while lithium lost 4.78% to US$19,745. Crude oil lost 1.66% to US$75.89 and natural gas dropped 1.99% to US$2.96, while uranium gained 0.48% to US$74.00. With soft commodities – lumber gained 4.67% to US$538. Overall – the CRB Commodities Index rose by 0.32% to 311.

On Last Thought – In the short term the market is a voting machine while in the long run it is a weighing machine. Short term stock prices are influenced by a multitude of factors such as interest rates, inflation, and political events. But in the longer term it is the company’s performance that will determine its true value.

Continue Reading

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : ResourceWorld – https://resourceworld.com/a-weekly-recap-of-all-things-resources-to-friday-november-17th/?utm_source=rss&utm_medium=rss&utm_campaign=a-weekly-recap-of-all-things-resources-to-friday-november-17th

Tags: businessRecapWeekly
Previous Post

Benton Resources samples high-grade copper and gold at Great Burnt, Newfoundland

Next Post

Diddy Denies Cassie’s Assault Allegations As Her Lawyer Says He Tried To Buy Her Silence (Update)

House panel wrangles on rail safety technology – FreightWaves

House Panel Sparks Debate Over the Future of Rail Safety Technology

June 26, 2025
The Desert Sun unveils its Top Spring Athletes: History-makers and record-breakers – The Desert Sun

Meet This Spring’s Top Athletes: History-Makers and Record-Breakers Revealed!

June 26, 2025
HUD to move into the National Science Foundation headquarters, no current plan on where to relocate NSF employees – Government Executive

HUD to move into the National Science Foundation headquarters, no current plan on where to relocate NSF employees – Government Executive

June 25, 2025

Protecting the Boundless Future of U.S. Science: Tackling Tomorrow’s Challenges Today

June 25, 2025
LVMH’s Paris Olympics partnership wins Luxury and Lifestyle Grand Prix – Ad Age

LVMH Shines Bright with Luxury and Lifestyle Victory at Paris Olympics Partnership

June 25, 2025
Why the Strait of Hormuz, A Vital Oil Route, Is Vulnerable to Israel-Iran Conflict – The New York Times

Why the Strait of Hormuz, A Vital Oil Route, Is Vulnerable to Israel-Iran Conflict – The New York Times

June 25, 2025
Dying honey bees are threatening California’s economy. Can Central Valley lawmakers save them? – CalMatters

Dying honey bees are threatening California’s economy. Can Central Valley lawmakers save them? – CalMatters

June 25, 2025
Butler launches sports, entertainment institute focused on local events – Inside INdiana Business

Butler Launches Exciting New Sports and Entertainment Institute Spotlighting Local Events

June 25, 2025
Expert panel picked by RFK Jr. will scrutinize the vaccine schedule for kids – NPR

Expert panel picked by RFK Jr. will scrutinize the vaccine schedule for kids – NPR

June 25, 2025
What Is a Democratic Socialist? – The New York Times

What Is a Democratic Socialist? – The New York Times

June 25, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (698)
  • Economy (717)
  • Entertainment (21,612)
  • General (15,566)
  • Health (9,756)
  • Lifestyle (722)
  • News (22,149)
  • People (719)
  • Politics (724)
  • Science (15,935)
  • Sports (21,214)
  • Technology (15,702)
  • World (697)

Recent News

House panel wrangles on rail safety technology – FreightWaves

House Panel Sparks Debate Over the Future of Rail Safety Technology

June 26, 2025
The Desert Sun unveils its Top Spring Athletes: History-makers and record-breakers – The Desert Sun

Meet This Spring’s Top Athletes: History-Makers and Record-Breakers Revealed!

June 26, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version