These Two Junior Resource Sectors are Witnessing a Surge in M&A/Financing Deals
Published: 12/19/2023
Author: Sid Rajeev, B.Tech, CFA, MBA
*See important disclosures at the bottom of this report.Summary
- In line with our prediction, the Bank of Canada kept its rate unchanged last week; we anticipate a similar decision from the Fed this week
- We anticipate a relatively hawkish stance from the Fed amid robust macroeconomic data, likely boosting the US$, while exerting downward pressure on gold/silver prices, and equities
- A cobalt junior under coverage has secured funding from the Canadian government to conduct metallurgical tests
- A favorable turn of events for Canada’s largest Mortgage Investment Corporation
- Bitcoin (BTC) prices were down 3% last week; our models suggest additional downside potential
Commentary on Resource Companies Under Coverage
Summary
- In line with our prediction, the Bank of Canada kept its rate unchanged last week; we anticipate a similar decision from the Fed this week
- We anticipate a relatively hawkish stance from the Fed amid robust macroeconomic data, likely boosting the US$, while exerting downward pressure on gold/silver prices, and equities
- A cobalt junior under coverage has secured funding from the Canadian government to conduct metallurgical tests
- A favorable turn of events for Canada’s largest Mortgage Investment Corporation
- Bitcoin (BTC) prices were down 3% last week; our models suggest additional downside potential