Western Copper and Gold Corp T.WRN

Great time for Rio to make an offer !

[Marine2]

Great timming for Rio to make a move ! IMHO

Strong greenback, rising bond yields continue to punish gold, silver 

• 

Jim Wyckoff    

Monday October 02, 2023 12:22

 

Kitco News

 

(Kitco News) - Gold and silver prices are sharply lower at midday Monday, with December gold futures hitting a 10-month low and December silver futures a 6.5-month low. A strong U.S. dollar that hit a 10-month high today and rising U.S. Treasury yields that are at a 16-year high are firmly bearish outside market elements hammering the precious metals markets lower. December goldwas last down $17.50 at $1,848.70 and December silver was down $0.94 at $21.505. 

While the gold and silver bears are presently in command, both markets are technically well oversold and due for decent upside price corrections very soon.

Copper Prices

Copper Dec 23 (HG=F)

COMEX - COMEX Delayed Price. Currency in USD

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3.6460-0.0915 (-2.45%)

As of 04:37PM EDT. Market open.

M2

[Marine2]

"Being a contrarian"  With Copper & Gold being down, falling markets and talks on next steps this month (Paul / Rio) might spark Rio into making a low ball bid ?   This will start a bidding war when another large Gold / Copper company looking at Casino with much higher Copper / Gold prices in a few years, says,, can't let this one slip by ! If we were looking at