TRU Precious Metals Corp. (TSXV: TRU)

While oil remains oddly muted amid yet another middle-eastern shock, the same can not be said for various precious metals and commodities which are soaring to start the week, and which according to Bloomberg's Jake Lloyd-Smith, will make for a lively session in Europe and the US, with flow-through gains on the cards for mining-industry stocks that have already been put on edge as BHP Group bids to swallow (most of) Anglo American. Copper and gold - the leading lights of the base and precious metals arenas - are in what Lloyd-Smith puts as "history making mode", as both powered to record highs in early Monday trading. Here’s a handful of things to watch in what could be a compelling week. https://lnkd.in/gM6HNuBH TRU Precious Metals Corp. (TSXV: TRU) #Gold #Copper #PreciousMetals #Commodities #MiningStocks #BHPGroup #AngloAmerican #HistoryMakingMode #MetalMarkets #Bloomberg #JakeLloydSmith #GoldRecordHigh #CopperRecordHigh #Silver #Nickel #Comex #EnergyTransition #FOMC #TreasuryYields #SilverGoldRatio #MarketUpdate #Investing

TRU Precious Metals Corp. (TSXV: TRU) ADVANCING HIGH-GRADE GOLD AND COPPER DISCOVERIES IN NEWFOUNDLAND Copper is one of those substances we take for granted — until we start adding new wiring to the house, looking for a power cord to the children's computer, or maybe buying antique copper pots.  Or, malevolently, when someone cuts the wires from your car battery to your spark plugs. But copper is a key element (an actual element; periodic table symbol Cu) in the evolution of how the world migrates from the World Wide Web to artificial intelligence. https://lnkd.in/g4_MeqF7 #TRUPreciousMetals #GoldDiscovery #CopperDiscovery #Newfoundland #TSXV #HighGrade #Mining #MineralExploration #Copper #Gold #ElementCu #Technology #WorldWideWeb #ArtificialIntelligence #CopperMining #MetalMining #ResourceExploration #CanadianMining #PeriodicTable

Two commodities have emerged as pivotal players as geopolitical tensions have escalated, influencing global financial markets: gold and copper. These metals are not merely survivors of market volatility but are thriving, charting a course that I believe savvy investors would be wise to monitor. As I’ve said countless times before, gold has long been considered a store of value in turbulent times, and now is no exception. Prices are near all-time highs, reflecting its enduring appeal during periods of uncertainty. Central banks, particularly in emerging markets, are increasing their gold reserves. The first quarter of 2024 saw institutions purchase a record 290 tons of gold, according to the World Gold Council (WGC). This unprecedented amount highlights a strategic shift toward the metal as a reserve currency and away from the U.S. dollar. https://lnkd.in/gCUJ-qQA #gold #copper #commodities #geopolitics #financialmarkets #marketvolatility #investing #storeofvalue #centralbanks #reservecurrency #USD #WorldGoldCouncil #emergingmarkets #investors #turbulenttimes #preciousmetals #global economy #Forbes #newsarticle

Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American, valuing the company at £31.1 billion ($38.9 billion). Anglo American shares leapt at the market open and were 13% higher at 8:20 a.m. in London. The proposal would entail divestments by Anglo American to its shareholders of its stakes in South Africa-based Anglo American Platinum Limited and Kumba Iron Ore Limited. https://lnkd.in/eK6WdS9b

Metals are spearheading gains in the commodities sector this second quarter, driven by significant re-evaluations in the prices of gold, silver, and copper. According to Citi strategists, this performance is particularly impressive considering the typical sensitivity of both precious and industrial metals to the strength of the US dollar and shocks in interest rates. “Indeed, prices for the underliers have soared despite the appreciating greenback and steep back-up in yields across the Treasury curve,” the strategists said. “Our base case suggests the gold, silver, and copper rally has room to push another 5-10% over the next 0-3m and perhaps 15-20% in a 6-12m context,” they added. Citi strategists anticipate a potential minor pullback in gold and silver markets before the end of the second quarter, but expect prices to surge in the second half of 2024, with gold potentially reaching around $2,500/oz and silver $30-32/oz. https://lnkd.in/gGJTXhCw #MetalsMarket #CommoditiesSector #GoldPrice #SilverPrice #CopperPrice #USDollar #InterestRates #CitiStrategists #MarketAnalysis #PriceSurge #SecondQuarter #MarketOutlook #PreciousMetals #IndustrialMetals #InvestmentOpportunity #GoldForecast #SilverForecast #CopperForecast #MarketTrends #EconomicIndicators

Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10 million metric tons of additional copper consumption over the next decade, commodity trader Trafigura told Reuters. Technological developments such as artificial intelligence and automation, and the energy transition, which includes electric vehicles and renewable energy, have already driven up demand prospects for copper cable used to conduct electricity. Estimates of new demand from these applications vary, but Graeme Train, head of metals analysis at Swiss-based Trafigura, said one third of the 10 million tons of new demand would come from the electric vehicle sector. https://lnkd.in/gpF2TNPG #CopperCraze #ElectricRevolution #PoweringTheFuture #AIAdvancements #AutomationNation #RenewableEnergyRise #EVBoom #CopperCrunch #TechDrivenDemand #GreenTechGrowth #SustainableSolutions #InnovationImpact #ResourceRush #CopperConsumption #EnergyTransition #MetallicMarvels #ElectrifyingEra #SmartTechTrends #FutureInfrastructure #TrafiguraInsights

TRU Precious Metals Corp. (TSXV:TRU) (“TRU” or the “Company”) is pleased to announce its intent to carry out an exploration program this spring and summer at its Golden Rose Project (“Golden Rose”) in Western-Central Newfoundland. Exploration will assess the critical minerals potential associated with the deposit-bearing Cape Ray – Valentine Lake Shear Zone and will be copper (“Cu”)-focused. The program will also investigate other critical minerals occurrences hosting nickel (“Ni”) and zinc (“Zn”), which have been identified in previous exploration activities carried out by the Company. The objective of the exploration program is to develop a deeper understanding of the overall critical minerals potential at Golden Rose, supplementing the heightened prospectivity of Golden Rose for gold. The program will include prospecting, grab (rock) sampling, reconnaissance soil sampling and trenching over interpreted critical minerals anomalies determined through previous work by the Company, historical data compilation, and recently acquired high resolution satellite and remote sensing data over the entire property. Many of the planned target areas have had limited exploration to date. https://lnkd.in/g-r4tfXQ #news #latest #TRU #precious #metals #copper #Gold

TRU Precious Metals Corp. (TSXV: TRU). (“TRU” or the “Company”) is pleased to announce its intent to carry out an exploration program this spring and summer at its Golden Rose Project (“Golden Rose”) in Western-Central Newfoundland. Exploration will assess the critical minerals potential associated with the deposit-bearing Cape Ray – Valentine Lake Shear Zone and will be copper (“Cu”)-focused. The program will also investigate other critical minerals occurrences hosting nickel (“Ni”) and zinc (“Zn”), which have been identified in previous exploration activities carried out by the Company. The objective of the exploration program is to develop a deeper understanding of the overall critical minerals potential at Golden Rose, supplementing the heightened prospectivity of Golden Rose for gold. The program will include prospecting, grab (rock) sampling, reconnaissance soil sampling and trenching over interpreted critical minerals anomalies determined through previous work by the Company, historical data compilation, and recently acquired high resolution satellite and remote sensing data over the entire property. Many of the planned target areas have had limited exploration to date. https://lnkd.in/gHSnVd2W

Gold prices traded near record-high levels on Monday after a sharp rally led by safe-haven demand amid ongoing conflict in the Middle East. Gold rate has rallied 20% over the past two months and analysts expect further gains in the bullion prices. While spot gold hit an all-time high of $2,431.29 last week, US gold futures were trading around $2,373.30 an ounce on Monday. https://lnkd.in/gY3uNMAd #GoldPrices #SafeHaven #MiddleEastConflict #BullionPrices #GoldRally #RecordHigh #GoldFutures #MarketAnalysis #CommoditiesMarket #Investment #FinancialMarkets #GoldDemand #MarketTrends #GoldmanSachs #PriceForecast #MarketOutlook #InvestmentStrategy #EconomicFactors #Trading #MarketUpdate

Analysts say gold can reach $3,000 an ounce Copper was thought to be headed toward a supply crisis as the world adopts electric vehicles and other greenification measures. And now that crisis is here, say Bank of America metals strategists led by Michael Widmer. "The much-discussed lack of mine projects is becoming an increasing issue for copper. This, along with investment in green technologies and a rebound of the global economy, should lift prices to US$10,250/t (465c/lb) by the fourth quarter," they say, an upgrade of 8% from their previous view. Front-month copper futures (HG00) were trading at $4.28 per pound, up 10% on the year on Tuesday. Bank of America wasn't the only Wall Street bank forecasting copper price gains. Analysts at Citi said consumers of the metal should "urgently hedge" or risk facing $320 billion of cost increases over the next three years. Saying copper is the second bull market this century, they say copper prices are trending higher to average $10,000 per ton in the fourth quarter and $12,000 by 2026. The Bank of America analysts also are bullish on gold. https://lnkd.in/g7MQaS-b #GoldPrice #CopperSupply #GreenTechnologies #ElectricVehicles #Commodities #Investment #MarketTrends #EconomicForecast #MetalsMarket #BankForecasts #CopperShortage #GlobalEconomy #PriceOutlook #MetalPrices #CitiAnalysis #BankofAmerica #FinancialPredictions #Hedging #CostIncreases #MarketVolatility