Global equity markets were down 0.9% last week (up 0.5% in the prior week) due to strong January inflation data (implying faster than expected rate hikes), and rising geopolitical tensions in Eastern Europe.
Valuations of gold producers were up 15% (up 2% previously) last week; base metal producers were up 5% (up 4% previously).
Prices of mainstream/popular cryptos decreased 7% on average last week. We were expecting weakness in the S&P 500, and corresponding weakness in crypto prices last week.
As of February 14, 2022, there are 3,031 retail cannabis stores in Canada, unchanged WoW, including nine new stores in Ontario, eight closures in B.C., and one closure in Alberta. Since we started tracking this data in February 2020, this is the first time there was no net change in weekly store openings.
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Companies Mentioned:
Vista Gold Corp., Noram Lithium, Hot Chili Limited, Geomega Resources Inc., Ultra Lithium Inc., South Star Battery Metals Corp., Los Andes Copper Ltd., GR Silver Mining Ltd., Monarch Mining Corporation, Avrupa Minerals Ltd., Blue Lagoon Resources, Hannan Metals Ltd., K9 Gold Corp., Kootenay Silver Inc., Sirios Resources Inc., Southern Silver Exploration Corp., Yorkton Equity Group Inc., BIGG Digital Assets Inc., Eqonex Limited.
