Uranium Falls, Natural Gas Soars | Resource Heads Ep. 70

This is a weekly commodity market overview for the 24th week of 2023 that covers June 12 - June 16.

In this episode, I talked about uranium, and coal going down while natural gas, nickel and other commodities went up.

I was joined by Stephen Stewart, founder of https://orecap.ca, to talk about a $1B Volkswagen-backed mining deal in Brazil, China's graveyards of new fully-registered electric vehicles, and Norway's plan to mine the deep seas.

As always, I was also joined by GoldDiscovery founder Luc ten Have for the junior market overview. His platform https://golddiscovery.com is a great tool for natural resource investors.

Please understand that the information provided in this publication – and all other publications by Resource Talks – is impersonal in nature and meant for general information purposes only. It is also worth what you paid for it. If you’re not paying for the product, you are the product. Expect seeing advertisements/sponsorships – which will be verbally disclosed – in this video. Before taking any action on any investment, it is imperative that you consult with multiple licensed, experienced, and qualified investment advisors. Get numerous opinions before taking your own decision in the end. The minimum risk on any investment mentioned in this publication is 100% loss of capital.

Shortly: you will lose all of your money and possibly most of your brain cells if you listen to talking heads on the internet. Especially if they have orange hair and no experience (me).

Readers are cautioned that this presentation likely contains forward-looking statements about expected future events and the financial and operating performance of any companies potentially discussed herein. Reality often varies from people’s expectations. Managements like over-promising and under-delivering. If a manager was speaking in here, beware. Readers are encouraged to read the Cautionary Note on Forward-Looking Information and to consult the Company’s Annual Information Form, which is available on www.sedar.com. Reading the full disclaimer on the disclaimer page on this website is mandatory.

Timestamps:
00:00 Only bad people skip intros
02:00 Historical fact
03:54 US interest rates & inflation
20:50 ECB interest rates
22:22 China interest rates
26:05 Natural gas soars
30:40 Oil is also up
35:26 Coal is down
38:18 Uranium is down
48:45 Brazil's $1B deal
56:30 Electric vehicles graveyard in China
01:04:30 Norway deep sea mining?
01:12:05 Junior market overview
01:32:00 Closing thoughts

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