Since we introduced the Reddit Discussed Stocks section in March 2021, 31 out of 37 picks have generated positive returns.
The top performer, Hello Pal International (CSE: HP), was up 40%, as it announced the relocation of all of its crypto mining rigs from China to North America.
Gold and silver prices gained 2.3% WoW as inflation surged to record highs in October.
Last week, Newcrest Mining (ASX: NCM) announced its plans to acquire Pretium Resources (TSXV: PVG) for $3.5B. As we have a positive outlook on both gold and silver prices, we expect M&A activities to ramp up. Check out our list of top picks, as we believe juniors with attractive projects in stable jurisdictions will be prime targets.
Global crypto trading volume was down 18.5% WoW. Last week, we had cautioned that crypto prices might be due for a correction due to lower trading volumes in the prior week.