Steve Barton, host of In It To Win It, weighs in on the pullback in gold and silver prices, sharing where the floors could be for both precious metals.
In his view, the correction is healthy and will lead to higher levels in the future.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
BPH Energy (BPH:AU) has announced BPH September Quarter Appendix 4C Cashflow
Download the PDF here.
Global commodities prices are on track to fall to their lowest level in six years by 2026, as weaker demand, a widening oil surplus and policy uncertainty continue to weigh on markets, according to the World Bank.
In 2025, the oil glut is projected to expand 65 percent above its last peak in 2020 as electric and hybrid vehicles reduce fuel consumption and oil demand flattens in China, as per the organization’s latest Commodity Markets Outlook.
The World Bank sees global energy prices falling sharply as a result.
Brent crude is forecast to slide from an average of US$68 per barrel in 2025 to US$60 in 2026, marking the lowest level in five years. Overall, energy prices are seen dropping by 12 percent this year and an additional 10 percent next year.
Despite the declines, commodities prices remain elevated compared to pre-pandemic levels. The World Bank estimates 2025 prices will still average 23 percent higher than in 2019, and 2026 levels about 14 percent above pre-COVID benchmarks, reflecting structural shifts such as climate impact, supply chain realignment and new industrial demand.
Food markets are also showing signs of easing. Global food prices are forecast to fall in 2025 and 2026, aided by improved harvests and lower shipping costs. However, fertilizer costs are expected to surge this year before easing in 2026, driven by high input prices and trade restrictions that could strain farm profitability and threaten crop yields.
Precious metals, by contrast, are defying the broader trend.
Gold and silver prices have reached record highs in 2025, primarily buoyed by central bank purchases, investor demand for safe-haven assets and ongoing macroeconomic uncertainty.
The gold price is expected to rise 42 percent this year and another 5 percent in 2026, nearly doubling its 2015 to 2019 average. Meanwhile, silver is projected to increase 34 percent this year and 8 percent next year.
While the downturn in energy prices, as well as lower prices for commodities like wheat and rice, is providing some relief to inflation-hit economies, the World Bank warns the decline may be temporary.
“Commodity markets are helping to stabilize the global economy,” said Indermit Gill, the World Bank Group’s chief economist and senior vice president for development economics, in a Wednesday (October 29) release. “Falling energy prices have contributed to the decline in global consumer-price inflation. But this respite will not last. Governments should use it to get their fiscal house in order, make economies business-ready, and accelerate trade and investment.”
The report also notes that the commodities outlook remains vulnerable to shifting global conditions. Prolonged trade disputes, sluggish economic growth or an unexpected surge in OPEC+ oil supply could drag prices further down. Conversely, heightened geopolitical tensions, new sanctions or severe climate disruptions could drive them back up.
Beyond short-term price dynamics, the report’s ‘special focus’ section for this year examines whether renewed global interest in managing supply and demand through commodities pacts could stabilize markets.
Drawing on a century of experience with international commodities agreements (ICAs), the World Bank found that most efforts like this ultimately failed. In the 20th century, producer and consumer nations attempted to stabilize prices through mechanisms involving inventory controls, trade quotas and price-setting schemes for commodities.
While some early efforts achieved temporary price stability, most collapsed due to weak coordination and changing demand patterns. Even the Organization of the Petroleum Exporting Countries (OPEC) — the longest-lasting such arrangement — has faced increasing challenges from new energy sources and shifting consumer behavior.
“OPEC’s longevity stands out among other ICAs,” the report states, noting that its survival has depended on its ability to adjust production quotas, expand alliances through OPEC+ and engage with consumer nations through dialogue.
Still, the World Bank cautions that OPEC faces growing headwinds from the global transition toward cleaner energy, which could usher in a period of stagnant or declining oil demand.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
Blue Sky Uranium Corp. (TSXV: BSK,OTC:BKUCF) (FSE: MAL2), (‘Blue Sky’ or the ‘Company’) announces that it has entered into an agreement with Red Cloud Securities Inc. (‘Red Cloud’) to act as agent and sole bookrunner in connection with a ‘best efforts’ private placement (the ‘Marketed Offering’) for the sale of up to 60,000,000 units of the Company (the ‘Units’) at a price of C$0.05 per Unit (the ‘Offering Price’) for aggregate gross proceeds of up to C$3,000,000.
Each Unit will consist of one common share of the Company (each, a ‘Common Share‘) and one common share purchase warrant (each, a ‘Warrant‘). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$0.07 at any time on or before that date which is 60 months following the Closing Date (as herein defined).
The Company has also granted Red Cloud an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional 10,000,000 Units at the Offering Price for additional gross proceeds of up to C$500,000 (the ‘Agent’s Option‘). The Marketed Offering and the securities issuable upon exercise of the Agent’s Option shall be collectively referred to as the ‘Offering‘.
The Company intends to use the net proceeds of the Offering for the exploration and advancement of the Company’s flagship Rio Grande Uranium-Vanadium Project located in the province of Rio Negro in Argentina as well as for general working capital and corporate purposes.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), the Units will be offered for sale to purchasers resident in the provinces of British Columbia, Alberta, Manitoba, Saskatchewan and Ontario pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘Listed Issuer Financing Exemption‘). The Common Shares and Warrants underlying the Units, as well as the Warrant Shares issuable from the Warrants if exercised, are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units may also be sold in offshore jurisdictions (provided that no prospectus filing or comparable obligation, ongoing reporting requirement or regulatory or governmental approval requirement arises in such jurisdictions) and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘).
There is an offering document (the ‘Offering Document‘) related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at: www.blueskyuranium.com. Prospective investors should read this Offering Document before making an investment decision.
The Offering is scheduled to close on November 18, 2025 or such other date as the Company and Red Cloud may agree (the ‘Closing Date‘). Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the ‘TSXV‘).
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky’s flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company’s recently optioned Corcovo project has demonstrated potential to host an in-situ recovery uranium deposit. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
‘Nikolaos Cacos’
______________________________________
Nikolaos Cacos, President, CEO and Director
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer Regarding Forward-Looking Information
This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. ‘Forward-looking information’ includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, the anticipated timing of closing of the Offering or at all; the anticipated terms of the Units and the Warrants; the anticipated use of the net proceeds of the Offering; the anticipated receipt of all necessary approvals in respect of the Offering; and statements regarding the potential mineral content of the Company’s projects are forward-looking statements and contain forward-looking information. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’ or the negative connotation thereof.
In making the forward-looking information in this release, the Company has applied certain factors and assumptions that are based on the Company’s current beliefs as well as assumptions made by and information currently available to the Company including, among other things, that the Offering will close on the anticipated timeline or at all; that the Units and the Warrants will have the anticipated terms; that the Company will use the net proceeds of the Offering as anticipated; and that the Company will receive all necessary approvals in respect of the Offering. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release is subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information.
Readers are cautioned not to place undue reliance on forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law.
SOURCE Blue Sky Uranium Corp.
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LOS ANGELES – Three pitches, two home runs and World Series history made by the Toronto Blue Jays in a stunning start to a pivotal Game 5.
Leadoff man du jour Davis Schneider hit Blake Snell’s first pitch into the left field pavilion at Dodger Stadium, and before he could snugly don Toronto’s iconic home run jacket, franchise player Vladimir Guerrero Jr. followed with a 394-foot shot in the same neighborhood. Toronto 2, Los Angeles 0 before Snell could even settle in.
It was the first time in World Series history that a team led off a game with back-to-back home runs. And for Guerrero, it was second in as many nights and eighth of the postseason.
Snell, the two-time Cy Young Award winner who posted a 0.86 ERA with just six hits given up in three playoff wins entering the World Series, opted to throw three fastballs out of the gate, and was punished for it.
Toronto kept up an aggressive approach that worked against Shohei Ohtani the night before, ambushing Snell with the two homers and three hits in their first four plate appearances.
The Blue Jays already pinned a loss on Snell in this World Series. He took a 2-2 tie into the bottom of the sixth in Game 1, but did not record an out and the Blue Jays went on to score nine runs in the inning en route to an 11-4 victory.
This time, they brought the pain from the jump.
Follow along for live updates from Game 5 of the World Series.
Los Angeles Lakers legend Magic Johnson threw out the ceremonial first pitch before Game 5 of the 2025 World Series at Dodger Stadium on Wednesday, Oct. 29.The Los Angeles Dodgers and Toronto Blue Jays are tied 2-2 in the best-of-seven series.Johnson is a minority owner of the Dodgers as part of the Guggenheim Baseball Management ownership group.The group purchased the team in 2012.
Earlier in the day, Johnson had posted on social media about the importance of Game 5.
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Dallas Mavericks big man Anthony Davis had to head back to the locker room and did not return to Wednesday night’s game against the Indiana Pacers.
The Mavericks said Davis is dealing with ‘left lower leg soreness.’
He was listed as probable on the Mavericks’ Tuesday injury report, with his injury described as ‘Bilateral Achilles; Tendinopathy.’
Davis was seen on the broadcast grabbing his lower left leg. The Mavericks initially said he was ‘questionable’ to return but he was ruled out a little over 30 minutes later.
Davis, infamously traded for Luka Doncic in February, is averaging 25 points and 11.8 rebounds per game this season. But Mavericks fans will now be holding their breath again, hoping for good news on this latest injury.
Mavericks coach Jason Kidd reaffirmed the ‘left lower leg soreness’ diagnosis for Davis after his team’s 107-105 win over the Pacers. Kidd also said Davis tried to return but the team kept him out.
This story has been updated with new information.
Atlanta Hawks star Trae Young was knocked out of Wednesday night’s game against the Brooklyn Nets after injuring his knee.
The four-time All-Star was hurt in the first quarter when teammate Mouhamed Gueye fell into his right leg. Young grabbed at the leg immediately with both hands. He was seen on the broadcast conversing with head coach Quin Snyder.
Young played 17 more seconds before heading back to the locker room. He was ruled out for the game with what the Hawks called a ‘right knee sprain.’
The Hawks faced increased expectations this season but entered Wednesday’s game at 1-3. Not helping has been an injury report loaded with big names in the past week, including Jalen Johnson (ankle), 2024 top pick Zaccharie Risacher (ankle) and big offseason acquisition Kristaps Porzingis (flu). Those three were in the lineup Wednesday, though now attention turns to Young’s health.
Young, 27, entered Wednesday’s game averaging 20.8 points and 9.5 assists on the season.
Hawks coach Quin Snyder told reporters after Atlanta’s 117-112 win that Young would be getting an MRI either Wednesday night or on Thursday. He also noted that Young did not injure his ACL.
This story has been updated with new information.
Less than a week ago, the San Francisco Giants made history by signing Tennessee manager Tony Vitello to a three-year contract. Just a few days later, the Baltimore Orioles brought Cleveland Guardians associate manager Craig Albernaz on board to be their new skipper.
Wednesday, the Minnesota Twins reportedly made their managerial choice for 2026, becoming the fifth team to already do so this offseason. They’re going with former Pittsburgh Pirates manager Derek Shelton, according to multiple reports.
Before operating in Pittsburgh’s dugout, Shelton was Minnesota’s bench coach. His familiarity with the Twin Cities could make him a vital asset for a team that underperformed in 2025, leading to a massive fire sale at the most recent trade deadline.
Here’s everything to know about the Twins’ newest manager.
Shelton became manager of the Pirates in 2019 after a team-wide reset. He did manage to increase the team’s win percentage each of his first four seasons with the club, culminating in a 76-86 record in 2023.
Unfortunately, the Pirates mirrored that record in 2024 and then got off to an atrocious start in 2025, going just 12-26 (.316) with Shelton at the helm before he was let go. The Pirates finished the season with a 71-91 (.438) record.
Shelton started his professional coaching career as the minor league hitting coordinator in Cleveland in 2003. He moved to the Rays following the 2009 season as the hitting coach. He was fired following the 2016 season but was hired soon after to be a quality control coach for Toronto. In 2017, he joined the Twins as their bench coach.
Although several teams have already named a new manager, the San Diego Padres, Atlanta Braves, Colorado Rockies, and Washington Nationals are all still looking for new managers.
Dr. Mark Thornton, senior fellow at the Mises Institute, discusses the factors that have taken the gold price to all-time highs. In his view, the key driver is government actions like overspending, borrowing and money printing, none of which are likely to abate soon.
He also shares his bullish outlook for silver.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.