Global equity markets were up 2.5% on average last week (up 1.4% in the prior week). The S&P 500 was up 5.5% (its highest weekly gain since June 2022) on easing inflation data (7.7% in October vs 8.2% in September)
Valuations of gold producers were up 12% last week (up 2% in the prior week); base metal producers were up 10% (up 10% in the prior week as well).
The global MCAP of cryptos is US$0.85T, down 8.5% MoM, and 70% YoY.
Currently, there are 3,455 retail cannabis stores in Canada, a decrease of five stores WoW, including two new stores in Ontario, and seven closures in Alberta.
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Companies Mentioned:
Monarch Mining Corporation, Silver X Mining Corp., Cora Gold Limited, Hannan Metals Ltd., Sirios Resources Inc., Sokoman Minerals Corp., 8i Acquisition 2 Corp.,
