Key News Overnight:
Oil is in for a wild week. Brent surged 19% as Asian trading got underway, its biggest jump since 1991, after a drone strike on a key Saudi Aramco facility halved the kingdom’s output. The country said it would restore almost half of production quickly, and President Trump authorised the release of supplies from the Strategic Petroleum Reserve.
Boris Johnson is set to defy the parliamentary ban on a no-deal Brexit and is braced to fight it out in the U.K. courts. Ahead of Monday’s negotiations with EC President Jean-Claude Juncker, the UK PM vowed to do everything he can to secure a divorce deal with the EU before the Oct. 31 deadline. He told the Mail on Sunday that the U.K. will break out of its “manacles” like the Incredible Hulk.
U.S. & China trade talks resume this week as evidence mounts the standoff is taking an economic toll. Each side offered up an olive branch heading into the working-level negotiations, but tensions remain high.
Copper reached a six-week high last Friday, while gold notched a third straight weekly loss as demand for havens fizzled.
In This Issue:
Beaver Creek Precious Metals Summit | Analyst | James Wilson
Drone Strike Takes out 50% of Saudi Arabian Oil Production | Analyst | Michael Eidne
Capricorn Metals (CMM) | Regis Resources (RRL) | Getting the band back together | RRL: BUY | Analyst | James Wilson
Botanix (BOT) | BOT announces a new clinical program to target rosacea | SPEC BUY | Analyst | Michael Eidne
Please read Argonaut’s Important Disclaimers & disclosures
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