It is PDAC again, the biggest mining conference of the year (in the world) is here and this year it is virtual! Like most of the world PDAC is going virtual this year and it promises to be a good one.

You can register here: PDAC 2021 Convention Registration
-A popular real life event which has now gone virtual is the Core Shack PDAC 2021 Core Shack

-With this year being basically 100% virtual, it is quite possible that attendees will be able to cover even more of the events and participate in more meetings – since they won’t have travel to deal with. As the world has adapted to virtual communication at a blinding speed because of the pandemic it may just be that consuming new information on potential investments or companies and subjects of interest will permanently be facilitated by virtual information consumption.

STATE OF THE INDUSTRY:
There is a lot to be happy about this year if you are in the mining or minerals and commodities supply business. Demand is booming with Electric Vehicles firmly leading the way in a number of categories. Uranium and nuclear power demands are also on the scene and more and more people are realizing that keeping the world green may well depend on implement nuclear power as it creates virtually no greenhouse emissions. (Wake up Greenpeace!) Copper has seen recent multi-year highs which is usually considered a very powerful sign of growth. In short, things are booming for this sector and the rest of the investing world is starting to catch on. Very exciting!

At any rate, it is happening in full measure this year of 2021 and we expect the PDAC organization to be fully prepared and to ‘knock it out of the park’ as they do every year, see you there!

Last year at this time, PDAC 2020 was occurring and Bitcoin was trading in the $8,500.00 USD range.
Now it is PDAC 2021 and Bitcoin is trading in the $48-49,000.00 USD range. Just saying….

Stock markets overall have been correcting for the past couple of weeks, with Bitcoin and cryptocurrencies not immune to this phenomenon either. Markets have been on what is considered a long if not historical bull run so this correction is not really a surprise. How long and deep the correction will be is the question. Traders watch the Nasdaq QQQ and SQQQ ETF’s for clues.

When a medium to deep correction happens most sectors lose value, with some sectors tending to fall more than others. In this particular correction in fact the oil sector has actually been doing well because of oil prices rising to new intermediate term highs.

The OTC and pink sheet market companies have taken a brutal hit for some reason- maybe the short algos have been working overtime but it has not been pretty.

At any rate picking quality growth companies to invest in is always in fashion and can protect against longer downturns when the overall markets inevitably continue to march north.

Editor,
CanadianJuniorReport