* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 24, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    What Are Our Predictions for Taylor Swift’s ‘Life of a Showgirl’ Based on What She’s Told Us So Far? – yahoo.com

    Uncover the Hidden Surprises in Taylor Swift’s ‘Life of a Showgirl’ – Can You Decode Her Clues?

    Bama Dining Serving Up New Food, Entertainment – UA News Center

    Bama Dining Launches Thrilling New Food and Entertainment Experiences

  • 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
    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Denver man receives pacemaker using new technology – CBS News

    Denver Man’s Life Transformed by Revolutionary Pacemaker Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    What Are Our Predictions for Taylor Swift’s ‘Life of a Showgirl’ Based on What She’s Told Us So Far? – yahoo.com

    Uncover the Hidden Surprises in Taylor Swift’s ‘Life of a Showgirl’ – Can You Decode Her Clues?

    Bama Dining Serving Up New Food, Entertainment – UA News Center

    Bama Dining Launches Thrilling New Food and Entertainment Experiences

  • 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
    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Denver man receives pacemaker using new technology – CBS News

    Denver Man’s Life Transformed by Revolutionary Pacemaker Technology

    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, September 15th

September 17, 2023
in Business
A Weekly Recap of All Things Resources to Friday, September 15th
Share on FacebookShare on Twitter

‘That’s a Wrap’

 By Rod Blake

As last week’s market action was wrapping up, it seemed that most of the media market pundits’ attention was focused on the whether or not the major American markets would hold or give up their impressive year to date gains. As for me – a retired broker who made a good portion of his living from junior stocks – I was focused on the TSX Venture Exchange as it tested its year to date and multi-year lows.

The way I see it – On a weekly chart and at a level of about 580, the lowly Venture Exchange has pretty much given back any of the meager gains it achieved during this frustrating year. But, looking at a yearly chart, one can clearly see that save for a short Covid-19 induced spike lower in early 2020, this is the third time since 2016 that the Venture has settled at about this level. As a broker and amateur chartist, long-term base building and multiple bottom testing were something I looked for as a sign that a stock, commodity or in this case an index may be poised to make a significant move higher. The theory being that the longer the base and the great number of bottom tests – the greater in time and magnitude of the expected measured move higher. So, while as disappointing as 2023 may have been for most junior stock investors – should the Venture once again bounce up from this level for a third time, it may bode well for a significant junior bull market to come.

First Quantum Minerals Ltd. ‘FM-T’ shares’ rose by $1.36 or 4.02% to $35.19 after the Toronto, ON based miner and its workers managed to avoid a labour strike at the company’s Cobre Panama copper mine in that Central American country.

Uranium stocks continued their market leadership with Fission Uranium Corp. ‘FCU-T’ reaching a new 6-month closing high of $0.89 a share, while NexGen Energy Ltd. ‘NXE-T&N’ closed a new all-time high of $8.43 and industry giant Cameco Corporation ‘CCO-T’ & ‘CCJ-N’ rose to a new 16-year closing high of $54.52.

No doubt helping this group was the price of Uranium that rose to a new 17-month high of US$62.00 a pound.

The price of crude oil rose to a new 10-month high of $91.03 a barrel after OPEC warned of Saudi and Russian production deficits of some 3-million barrels per day.

All of which helped petroleum service company Trican Well Service Ltd. ‘TCW-T’ reach a new 53/4-year closing high of $5.24 a share and oil sands giant Cenovus Energy Inc. ‘CVE-T&N’ to close at a new 10-month high of $28.15.

Trans Mountain Corporation warned that the ‘Pipeline Expansion’ to the west coast could be delayed by a further 9-months to December 2024 if regulators don’t soon approve an alternate route for the pipeline through difficult terrain south of Kamloops, BC. A hearing with The Canadian Energy Regulator is scheduled for next week in Calgary.

The influential Baker Hughes Petroleum Rig Count reported the number of active American drilling rigs rose by 9-rigs over the past week to 641, down by 122 from this time last year. In Canada – the number of active rigs rose by 8-rigs to 190, down by 21 from a year ago.

Sigma Lithium Corp. ‘SGML-V’ share price soared up by $5.97 or 13.72% to $49.48 after the Vancouver, BC based mineral developer received multiple strategic proposals regarding the company and its flagship Grota do Cirilo Lithium Project in Brazil.

This as the price of lithium fell to a new 3-month low of US$ 25,602 per tonne.

From the time I was a young mining technologist running a drill program that was lucky enough to discover a significant ore body (Afton, 1972), I’ve always been intrigued how mother nature will sometimes give up some exceptionable drill holes. The latest I noticed was from Arizona Sonoran Copper Co. Inc. ‘ASCU-T’ which reported a number of diamond drill hole assays including 194.8 metres grading 1.37% copper from the mineral developer’s Parks/Salyer deposit in Arizona.

Taseko Mines Ltd. ‘TKO-T’ & ‘TGB-N.A’ stock surged up by $0.22 or 12.36% to $2.00 after the Vancouver, BC based miner announced the company had received a final Underground Injection Control Permit for its Florence Copper Project near Florence, AZ.

The price of Victoria Gold Corp. ‘VGCX-T’ shares’ rose by $0.20 or 3.16% to $6.52 after the Whitehorse, YT based miner added to its Yukon gold rich ground by acquiring the past producing Brewery Creek Mine and other Yukon mineral properties from Sable Gold Mines Corp. ‘SGLD-T’ for a cash and stock purchase price of some $13.5-million.

The U.S. dollar as measured by the Dollar Index or DXY rose to a new 6-month high of 105.40.

The CRB Commodity Index rose to a new 14-month high of 326.

The TSX Venture Exchange fell to a new 8-month closing low of 577 while conversely – the TSX Composite Index rose to a new 5-month closing high of 20,622.

Crude oil and Uranium were the resources with the most notable gains going into the weekend while lithium was the laggard.

For the Week – the DJI gained 0.12% to 34,618 while the S&P 500 lost 0.16% to 4,450 and the NASDAQ fell by 0.39% to 13,708. Across the line – the TSX gained 2.72% to 20,622 and the TSX Venture rose 1.72% to 591. The CBOE Volatility Index or VIX rose by 0.43% to 13.90.

With currencies – the Canadian dollar gained 0.85% to US$0.7392 and the U.S. dollar ‘DXY’ rose by 0.26% to 105.34.

With commodities – gold bullion gained 0.21% to US$1,923, and silver rose 0.39% to US$23.01, as copper improved by 1.90% to US$3.76, while lithium fell 5.92% to US$25.615. Crude oil gained 4.27% to US$91.03 as natural gas rose 1.15% to US$2.65, and uranium gained 2.06% to US$62.00. With soft commodities – lumber lost 1.38% to US$500. Overall – the CRB Commodities Index was up by 1.88% at 326.

One Last Thing – It’s widely known that governments are not usually the best at forecasting and keeping budgets, but this one by the Canadian federal government really breaks the mold. Earlier this year when the feds announced $28.2-billion in electric vehicle (EV) production subsidies to Volkswagen ($13.2b) and Stellantis ($15b), they proudly announced the subsidies would be paid back via taxes in just 5-years. In fact, now that the Parliamentary Budget Office has looked at the numbers – it looks like it will actually take some 20-years before Canadian taxpayers will break even from the taxes generated by these two EV endeavours.

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-september-15th/?utm_source=rss&utm_medium=rss&utm_campaign=a-weekly-recap-of-all-things-resources-to-friday-september-15th

Tags: businessRecapWeekly
Previous Post

Prospector Metals names Rob Carpenter as CEO

Next Post

Silence is strength in Sanatanam amidst provocation, says Nirmala Sitharaman

‘Hidden gem’ – the lifestyle village beating the property slump – Stuff

‘Hidden gem’ – the lifestyle village beating the property slump – Stuff

August 24, 2025
UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

August 24, 2025
Women’s football moves mountains in Pakistan – EL PAÍS English

Women’s football moves mountains in Pakistan – EL PAÍS English

August 24, 2025
Lifeguard, 82, Sets Impressive Guinness World Record After More Than 60 Years Lifeguarding – People.com

82-Year-Old Lifeguard Breaks Guinness World Record After Over 60 Years on Duty

August 24, 2025
Powell’s Rate Cut Signal Reflects Economy’s Delicate Position – Hindustan Times

Powell’s Rate Cut Signal Reflects Economy’s Delicate Position – Hindustan Times

August 24, 2025
Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

August 24, 2025
Hamilton County school board rejects mental health center contract – Chattanooga Times Free Press

Hamilton County School Board Rejects Contract for New Mental Health Center

August 24, 2025
Stick to politics? How Donald Trump is using sports to advance his agenda – The Athletic – The New York Times

How Donald Trump Is Using Sports to Advance His Political Agenda

August 24, 2025
A Home at the End of the World – atmos.earth

Discover Your Sanctuary: A Home at the End of the World

August 23, 2025
CWI officially opens new Health and Science Building – Idaho Business Review

CWI Unveils Cutting-Edge Health and Science Facility Transforming Education

August 23, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
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 (786)
  • Economy (807)
  • Entertainment (21,686)
  • General (16,639)
  • Health (9,847)
  • Lifestyle (820)
  • News (22,149)
  • People (808)
  • Politics (816)
  • Science (16,020)
  • Sports (21,306)
  • Technology (15,788)
  • World (788)

Recent News

‘Hidden gem’ – the lifestyle village beating the property slump – Stuff

‘Hidden gem’ – the lifestyle village beating the property slump – Stuff

August 24, 2025
UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

August 24, 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