Our pick last week, DraftKings Inc. (NASDAQ: DKNG), went from US$36.79 on Monday, to a high of US$37.71 on Tuesday (up 2.5%).
Equity markets rebounded slightly, after dropping heavily on Friday amid the emergence of Omicron. Overall, global equity markets were down 2.5% last week (down 0.6% in the prior week).
Although the new variant has increased uncertainties, we believe that such “shocks” offer opportunities to accumulate positions in fundamentally solid companies.
Valuations of gold producers were down 5% WoW; base metal producers were down 1%.
We continue to expect stronger gold/silver prices, amid inflation, slow rate hikes, and increased appetite for safe-haven assets.
We are expecting crypto prices to retreat again this week, amid weaker trading volumes, and the pandemic induced uncertainties in equity markets.
The average retail price per gram fell $0.01, to $10.99, last week.
Download Analyst Report :
TAAT Global Alternatives Inc., Tudor Gold Corp., Monarch Mining Corporation, Equity Metals Corporation, GR Silver Mining Ltd., Rockcliff Metals Corporation, Silverton Metals Corp., South Star Battery Mining Corp., Banxa Holdings Inc., Ayurcann Holdings Corp.