Monthly Portfolio Review, September 2024
Excellent month, with more to come
Now that was a good month. Positive macro developments, killer drill results, and big moves for both commodities and our Portfolio stocks gave a hint of what the supercycle will be like when it really gets going.
There’s still a ways to go before serious profit-taking makes sense. But a few more months like September and we’ll be close. Some highlights:
Gold broke $2600/oz…
Silver held above $30/oz…
Copper bounced back from a multi-month correction...
And nuclear power got several pleasant surprises, which boosted the uranium miner shares. Here’s industry leader Cameco:
Macro and Sector News
Gold Overtakes Euro to Become Second-Largest Central Bank Reserve Asset
Why Microsoft made a deal to help restart Three Mile Island
Owner of Duane Arnold nuclear plant considers restart
Costco still selling gold bars like hotcakes as prices surge
Gold reparation shifting from North to South
China stimulus, mighty gold puts silver on a streak
Barrick Gold suspends operations at Papua New Guinea mine after violence kills at least 20
Saudi Central Bank Caught Secretly Buying 160 Tonnes of Gold in Switzerland
Is Copper A Winning or Losing Bet Right Now?
Russia selling oil for gold in September
AngloGold in $2.5 bln deal for Centamin, targets 'Tier 1' assets
India's Silver imports in the first half of 2024 jumped to 4,554 tons from 560 tons a year ago