6 Junior Mining Stocks That Spiked This Week & 6 That Crashed

Antonio (0:02)

All right, how's it going, everybody? Thank you for stopping by. Today is Saturday, September 19th. My name is Antonio, and I'm here today with Scott North of Cabo Capito. Him and I are gonna go over the six best before me and the six worst before me Junior Mining Stocks. I'll do the six best, well, I'll do the three best in Canada, the three worst in Canada. He's gonna do the same on the ASX.

And this week, it's actually my turn to tell a joke after Scott told you what he thought were jokes last week, but Scott, what do you, what do a Junior Mining Project and a Campfire have in common?

Scott North (0:40)

They both go up in flames?

Antonio (0:43)

Well, you would hope, but it's kind of pretty obvious, actually, they both require to throw in massive amounts of paper just to keep a tiny spark of hope alive.

That's what, that's my idea of a joke this week, but jokes aside, I'll keep saying it, as I always do every week, these companies that we'll talk about here, they're not our picks. We are not selecting these companies. We're not doing a full analysis. We're not making conclusions. We're not taking decisions. This is just a quick overview of the best and the worst performance of the past week within a few parameters, and that includes from media market cap, the weekly trading volume and all that in an effort to exclude some of the stuff that shouldn't be in there, like the noise that moves on a little bit of volume. But if you want to set in your own parameters, you think our volume parameters are wrong or whatever, you can also do that and then you can do an actual deep dive on these companies yourself. You can do that on mininghub.com. Go there, create a free account and create your own list of movers. Thank you to Mining Hub for sponsoring and making these overviews possible. That said, Scott, you've got the green light on, so it was a good week. Even after the Fed hike rates by 25 basis points, the middles are not down this week. They were down for three weeks straight in anticipation of this week. And then we ended the week in the green. So sell the rumor by the news, I guess, if you will. And everything seems to have been priced in. But so gold's up over half a percent, 43.77. Silver was actually the best performing metal this week. It's up almost 3.5% to 66.25. Copper's pushing for $7 now. It's up 2.5% at 6.64.

With that, the stocks did very well as well across the board. So we have the indices, so the gold miners or the gold junior miners, ETF, the GDXJ closed almost 3% higher. SILJ is over 3% in the green and the CobbJ ETF is up 2.5% as well. Lithium was actually a down 6% though and two of the three losers that I'll talk about this week are actually lithium stocks as well.

Not really, I don't think connected to the lithium price, but they were down. More about that in a second here. And really, I should really stop trying to wrap my brain around macro, but really the most insightful thing that I saw on macro this week came from, there's two things really, one of it came from Lynn Alden. Very neatly summarizes the whole situation here, but she said, and I quote, the fact that people care about 25 basis points is evidence that they don't yet appreciate the depth of the fiscal dominance that we're in, unquote. And then the second one said, there's two, the second one is more important probably.

It's in half a mean format, if you will, but important nonetheless. It comes from Luke Groman who said, quote, if war is going to raise rates to fight oil related inflation, no matter the cause of that oil inflation, then he just outsourced Fed monetary policy decisions to Iran and IRGC.

Adding as well, and the quote continues, the quote, if war is going to demonstrate a willingness to raise rates into an oil supply shock, do not be surprised when Iran makes oil related infrastructure go boom. He says, and again, this is the right quote, in a lead up to every Fed meeting from here on out, unquote. I really couldn't say anything as remotely as good as these two things, which is, I guess this is my cue to shut up and enough macro larping for me, at least for now. Scott, what's going on on the ASX list? Junior, what's moving over there this week?

Scott North (4:14)

Thanks for that, mate. On the ASX this week, the Topgainer is another processing company. I think every week we've had at least one processing company.