Power Nickel Inc. (TSX.V: PNPN) (OTCQB: PNPNF) has revealed its most significant copper equivalent (CuEq) discovery to date, drilling an impressive 39.6-meter intersection grading 4.19% CuEq at the Lion Zone. “This is incredibly rich in metal contained,” commented Power Nickel CEO Terry Lynch, emphasizing the Lion Zone’s consistently high grades and thickness. The company is approaching the completion of its summer drill program and preparing for a fully funded, 30,000-meter fall and winter drilling initiative.
Simultaneously, gold prices have reached a record intraday high, with December futures climbing 0.9% to $2,779.40 an ounce, peaking at $2,784. This surge is largely driven by safe-haven demand amid geopolitical tensions, anticipated monetary policy easing, and U.S. election uncertainties. Tito Iakopa, commercial director at FlowCommunity, attributed the price jump to these factors alongside strong physical demand, which has kept gold prices elevated. Also, take a look this “Undiscovered Gold Stock to Watch Now”: Clifton Mining Co. (OTC: CFTN)
This week, traders are watching critical U.S. economic releases, including PCE inflation, third-quarter GDP estimates, and payroll figures. Iakopa noted that stronger-than-expected economic data could reinforce the Federal Reserve’s cautious stance, possibly leading to fewer rate cuts, which might strengthen the dollar and temporarily limit gold’s gains. Nonetheless, Iakopa believes the fundamental support for gold is intact, suggesting its upward trend may continue despite potential headwinds.
NASDAQ Stocks Under $1 to Watch now through November 2024
- Kaival Brands (NASDAQ: KAVL)
- Starbox Group Ltd. (NASDAQ: STBX)
- Ensysce Biosciences Inc. (NASDAQ: ENSC)
- Digital Brands Inc. (NASDAQ: DBGI)
With promising developments from Power Nickel in the mining sector and record highs in the gold market, these small-cap stocks may also attract attention as traders seek growth potential across different sectors in an uncertain market climate.
Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content.”TSR” is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. “TSR” authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. “TSR” has not been compensated to produce content related to “Any Companies” appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.
Media Contact
Company Name: The Street Reports
Contact Person: Editor
Email: Send Email
Country: United States
Website: http://www.thestreetreports.com