• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, October 4, 2023
Earth-News
  • Home
  • Business
  • Entertainment
    Bai Lu in Paris for fashion week

    Bai Lu in Paris for fashion week

    Tong Yao at promo event in Paris

    Tong Yao at promo event in Paris

    Cecilia Cheung at brand event in Paris

    Cecilia Cheung at brand event in Paris

    Jing Tian at film festival

    Jing Tian at film festival

    Tong Liya at film festival

    Tong Liya at film festival

    How ‘Only Murders in the Building’ Crafted the Ultimate Season 3 Cliffhanger

    How ‘Only Murders in the Building’ Crafted the Ultimate Season 3 Cliffhanger

  • General
  • Health
  • News
    InPics: Water lifting project adds vitality to county along Yellow River

    InPics: Water lifting project adds vitality to county along Yellow River

    Container throughput via land-sea trade corridor posts growth

    Container throughput via land-sea trade corridor posts growth

    InPics: The construction of key projects is advancing steadily in Xiong’an New Area

    InPics: The construction of key projects is advancing steadily in Xiong’an New Area

    China Focus: Chinese scientists establish meteorological observation stations on Mt. Cho Oyu

    China Focus: Chinese scientists establish meteorological observation stations on Mt. Cho Oyu

    Child care programs just lost thousands of federal dollars. Families and providers scramble to cope

    Child care programs just lost thousands of federal dollars. Families and providers scramble to cope

    Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall Street

    Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall Street

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Tech
    Rivian R1S Max pack battery with 400-mile range arrives on configurator as eye-watering US$16,000 option for dual-motor variants

    Rivian R1S Max pack battery with 400-mile range arrives on configurator as eye-watering US$16,000 option for dual-motor variants

    GameForce ACE and GameForce Indie arrive as new affordable gaming handhelds running LineageOS

    GameForce ACE and GameForce Indie arrive as new affordable gaming handhelds running LineageOS

    Acer Nitro 16 gaming laptop with Ryzen 9 7940HS and Nvidia RTX 4070 discounted down to US$1,349.99

    Acer Nitro 16 gaming laptop with Ryzen 9 7940HS and Nvidia RTX 4070 discounted down to US$1,349.99

    Cooler Master Tempest GP2711: Details of new 27-in gaming monitor with Mini LED backlight emerge

    Cooler Master Tempest GP2711: Details of new 27-in gaming monitor with Mini LED backlight emerge

    ASUS ROG Swift Pro PG248QP: Full technical specifications finally revealed for long-awaited 540 Hz gaming monitor

    ASUS ROG Swift Pro PG248QP: Full technical specifications finally revealed for long-awaited 540 Hz gaming monitor

    Google announces Chromebook Plus program to designate Chromebooks with higher-end specs, AI features, and more

    Google announces Chromebook Plus program to designate Chromebooks with higher-end specs, AI features, and more

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Bai Lu in Paris for fashion week

    Bai Lu in Paris for fashion week

    Tong Yao at promo event in Paris

    Tong Yao at promo event in Paris

    Cecilia Cheung at brand event in Paris

    Cecilia Cheung at brand event in Paris

    Jing Tian at film festival

    Jing Tian at film festival

    Tong Liya at film festival

    Tong Liya at film festival

    How ‘Only Murders in the Building’ Crafted the Ultimate Season 3 Cliffhanger

    How ‘Only Murders in the Building’ Crafted the Ultimate Season 3 Cliffhanger

  • General
  • Health
  • News
    InPics: Water lifting project adds vitality to county along Yellow River

    InPics: Water lifting project adds vitality to county along Yellow River

    Container throughput via land-sea trade corridor posts growth

    Container throughput via land-sea trade corridor posts growth

    InPics: The construction of key projects is advancing steadily in Xiong’an New Area

    InPics: The construction of key projects is advancing steadily in Xiong’an New Area

    China Focus: Chinese scientists establish meteorological observation stations on Mt. Cho Oyu

    China Focus: Chinese scientists establish meteorological observation stations on Mt. Cho Oyu

    Child care programs just lost thousands of federal dollars. Families and providers scramble to cope

    Child care programs just lost thousands of federal dollars. Families and providers scramble to cope

    Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall Street

    Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall Street

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Tech
    Rivian R1S Max pack battery with 400-mile range arrives on configurator as eye-watering US$16,000 option for dual-motor variants

    Rivian R1S Max pack battery with 400-mile range arrives on configurator as eye-watering US$16,000 option for dual-motor variants

    GameForce ACE and GameForce Indie arrive as new affordable gaming handhelds running LineageOS

    GameForce ACE and GameForce Indie arrive as new affordable gaming handhelds running LineageOS

    Acer Nitro 16 gaming laptop with Ryzen 9 7940HS and Nvidia RTX 4070 discounted down to US$1,349.99

    Acer Nitro 16 gaming laptop with Ryzen 9 7940HS and Nvidia RTX 4070 discounted down to US$1,349.99

    Cooler Master Tempest GP2711: Details of new 27-in gaming monitor with Mini LED backlight emerge

    Cooler Master Tempest GP2711: Details of new 27-in gaming monitor with Mini LED backlight emerge

    ASUS ROG Swift Pro PG248QP: Full technical specifications finally revealed for long-awaited 540 Hz gaming monitor

    ASUS ROG Swift Pro PG248QP: Full technical specifications finally revealed for long-awaited 540 Hz gaming monitor

    Google announces Chromebook Plus program to designate Chromebooks with higher-end specs, AI features, and more

    Google announces Chromebook Plus program to designate Chromebooks with higher-end specs, AI features, and more

    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

‘All over the place!’

‘All over the place!’

October 4, 2023
‘We totally dominated’

‘We totally dominated’

October 4, 2023
Real Madrid News

Real Madrid News

October 4, 2023
Is Alphonso Davies heading to Real Madrid? Bayern Munich star’s agent agent issues update on defender’s future and reveals he talks with Real Madrid’s David Alaba ‘all the time’

Is Alphonso Davies heading to Real Madrid? Bayern Munich star’s agent agent issues update on defender’s future and reveals he talks with Real Madrid’s David Alaba ‘all the time’

October 4, 2023
Jude Bellingham is on flames! Two crazy stats reveal just how good Real Madrid midfielder has been this season after another unbelievable display against Napoli

Jude Bellingham is on flames! Two crazy stats reveal just how good Real Madrid midfielder has been this season after another unbelievable display against Napoli

October 4, 2023
What does Shay Given remember from Newcastle’s last Champions League home win?

What does Shay Given remember from Newcastle’s last Champions League home win?

October 4, 2023
Man Utd 2-3 Galatasaray: Erik ten Hag faces more questions as he hopes to buck the trend

Man Utd 2-3 Galatasaray: Erik ten Hag faces more questions as he hopes to buck the trend

October 4, 2023
Bukayo Saka: Injury against Lens ‘a worry’ for Arsenal, says Mikel Arteta

Bukayo Saka: Injury against Lens ‘a worry’ for Arsenal, says Mikel Arteta

October 4, 2023
Celine Dion has stiff person syndrome. What exactly is it?

Celine Dion has stiff person syndrome. What exactly is it?

October 4, 2023
Why the new COVID shot is a game-changer (and why the term ‘booster’ is obsolete)

Why the new COVID shot is a game-changer (and why the term ‘booster’ is obsolete)

October 4, 2023
Partenaires
afric.info
europ.info
usa-news
lesmeilleureschaussures.fr
goodsforyoutoday.com
looktopbeauty.com
keto-diet.biz
soccernews.info
nba-news.net
sportsprblog.com compar.biz
the-best.top
bestchoices.biz
expert-plus.fr
travel-mag.info
pksportsnews.com
news-sports.org

Categories

Archives

October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Sep    
Earth-News.info

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

Browse by Category

  • Business (3,857)
  • Entertainment (3,967)
  • General (2,927)
  • Health (1,881)
  • News (4,464)
  • Science (3,043)
  • Sports (4,119)
  • Tech (2,995)

Recent News

‘All over the place!’

‘All over the place!’

October 4, 2023
‘We totally dominated’

‘We totally dominated’

October 4, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version

A Weekly Recap of All Things Resources to Friday, September 15th- https://www.maquillages.info/   https://maquillages.org   https://www.deguisements-fetes.fr   https://maillots-de-bain-shop.com   https://www.le-noeud-papillon.com   https://www.jeepeg.fr   https://maillotde-bain.com   https://pushkarvisit.com   -/- According to Luke Fickell, Wisconsin is ‘all-in’ on NIL   Barbie film hits $1bn mark at global box office   Zhuhai Championships: Andy Murray loses to Aslan Karatsev in last 16   Breece Hall named Jets’ offensive X-factor for 2023   Soundking AK20 BA Amplificateur pour Basse   -*-$$DAKINE Split Roller Mallette ordinateur à roulettes, 21 cm, 110 L, Carbon   Veuve Clicquot – Coffret Retraite V.Clicquot Rose   Enceinte Mobile 700W Sono Active DJ KARAOKE 12″ Autonome Batterie à LED RVB + Micro VHF USB/SD/Bluetooth – LedWood Boostar1400   Volkswagen: IT-Störung bei Volkswagen behoben   Newcastle adds BetMGM UK to its bookmaker alliances   $$* Amalia   El Rancho Place d’Italie, Centre commercial Italie 2, place d’Italie 75013 Paris   A Weekly Recap of All Things Resources to Friday, September 15th *A Weekly Recap of All Things Resources to Friday, September 15th