The crypto market witnessed significant development this week, highlighting the demand and growth of the industry. Notably, the trajectory of the digital assets has remained primarily bullish this week, except for minor corrections here and there. The bullishness was built as many prominent events and trends emerged. Here’s the breakdown of top gainers and the
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Between July 14 and 19, 58 Bitcoin treasury updates were recorded, coinciding with Bitcoin’s price reaching $123,000 as 21 companies added approximately $810 million in BTC to their corporate treasuries. The roundup also included four new treasuries, 17 future treasury announcements, 11 active BTC fundraising plans, and five other related disclosures. Corporate Bitcoin Treasury Surge
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Ethereum (ETH) has performed better than Bitcoin (BTC) in the last week with a 21% price increase. These gains have matched with the beginning of an altcoin season that has led to the market share of Bitcoin dropping to notable lows in the last seven days. Due to these factors, there are sparking talks about
The post Ethereum Price Prediction As Bitcoin Dominance Crashes- Is $4,800 Next? appeared first on CoinGape.
Elon Musk’s health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing with the U.S. Small Business Administration, shortly before a financing round valued the company at $9 billion.
Neuralink is developing a brain-computer interface (BCI) system, with an initial aim to help people with severe paralysis regain some independence. BCI technology broadly can translate a person’s brain signals into commands that allow them to manipulate external technologies just by thinking.
Neuralink’s filing, dated April 24, would have reached the SBA at a time when Musk was leading the Trump administration’s Department of Government Efficiency. At DOGE, Musk worked to slash the size of federal agencies.
MuskWatch first reported on the details of Neuralink’s April filing.
According to the SBA’s website, a designation of SDB means a company is at least 51% owned and controlled by one or more “disadvantaged” persons who must be “socially disadvantaged and economically disadvantaged.” An SDB designation can also help a business “gain preferential access to federal procurement opportunities,” the SBA website says.
The Department of Justice has previously fined companies for making false claims about their SDB status.
Musk, the world’s wealthiest person, is CEO of Tesla and SpaceX, in addition to his other businesses like artificial intelligence startup xAI and tunneling venture The Boring Company. In 2022, Musk led the $44 billion purchase of Twitter, which he later named X before merging it with xAI.
Jared Birchall, a Neuralink executive, was listed as the contact person on the filing from April. Birchall, who also manages Musk’s money as head of his family office, didn’t immediately respond to a request for comment.
Neuralink, which incorporated in Nevada, closed a $650 million funding round in early June at a $9 billion valuation. ARK Invest, Peter Thiel’s Founders Fund, Sequoia Capital and Thrive Capital were among the investors. Neuralink said the fresh capital would help the company bring its technology to more patients and develop new devices that “deepen the connection between biological and artificial intelligence.”
Under Musk’s leadership at DOGE, the initiative took aim at government agencies that emphasized diversity, equity and inclusion (DEI). In February, for example, DOGE and Musk boasted of nixing hundreds of millions of dollars worth of funding for the Department of Education that would have gone towards DEI-related training grants.
This week, let’s dive into three interesting stocks: a well-known Dow stalwart, a tech giant in a tug of war, and a former Dow member showing signs of revival. Whether you’re looking for opportunity, caution, or something worth watching, there’s a little something here for every thoughtful investor.
Sherwin-Williams, Co. (SHW) comes into earnings flat year-to-date, and is hoping that a solid quarterly result can turn the price around. This Dow stock, and the second biggest member of the Materials Select Sector SPDR ETF (XLB), has traded higher after three of its last four results and has an average expected move of +/- 3.6% when it reports.
FIGURE 1. DAILY CHART OF SHERWIN-WILLIAMS. The uptrend needs to hold to maintain the uptrend.Chart source: StockCharts.com. For educational purposes.
From a technical perspective, there are some bright spots. The reality, however, is that the stock has a lot of work to do to be considered healthy again. And from a risk/reward metric, this recent uptrend from the lows needs to hold. Otherwise, look for a retest of the $310 level on a dip.
Shares continue to make higher lows, which is a bullish sign
There’s bullish divergence in its Relative Strength Index (RSI) — it’s going higher while the stock stalls
The MACD gave us a short-lived buy signal and has now turned negative
Trading below both key moving averages
There’s major resistance at the $360 level
This is one to put on your watchlist, with definitive risk/reward levels to monitor. To jump in ahead of earnings seems more of a crapshoot, so reacting to price action may be the best play. Patience may be your best friend.
Alphabet, one of the “Magnificent 7” stocks, has had a rough ride lately. The company has been facing continual headwinds due to antitrust and litigation risk, AI competition disrupting search, and a massive CapEx spend.
Shares have been stuck in neutral for the last year. They are lower by -2.5% year-to-date and 11% off all-time highs. If the company can address these concerns and focus on the positives of its YouTube and Waymo divisions, it could be back on the upswing.
FIGURE 2. DAILY CHART OF GOOGL STOCK. It’s in the middle of a rebound and could be at an interesting pivot point.Chart source: StockCharts.com. For educational purposes.
Technically, I will keep this five-year daily chart as simple as possible. It’s intriguing, to say the least.
GOOGL was dangerously close to breaking down in early April, but quickly regained its key support level. Now it finds itself in the middle of a nice rebound and at an interesting pivot point. The bull case is more concrete at these levels, but I’m sure the bears are looking at a potential head-and-shoulders topping formation in the works as well.
As we examine, watch the 50 and 200-day moving averages closely. They are at a key consolidation area and need to act as support in a small downturn. If not, then back to the major support area we go, and a potential head-and-shoulders top is in play.
The good news is that overall momentum continues to favor the upside. We have a good support area at the averages (your risk) and then a potential run to $200 easily if we get a nice pop on earnings. If so, this could be the fourth of the “Magnificent 7” stocks trading at all-time highs.
Remember Intel? It once dominated the landscape during the dot-com era, was a proud member of the Dow, and now is just a struggling former tech giant trying to stay relevant in a challenging environment. We are not claiming they are back by any stretch, but maybe the worst is over for now, as new management and constructive price action have set up a “deja vu” trade that hearkens back to early 2023.
FIGURE 3. WEEKLY CHART OF INTC STOCK. The stock is above its 50-week moving average, there’s a bullish divergence in the RSI and MACD, and the bottom base was tested several times.
Chart source: StockCharts.com. For educational purposes.
Technically, we highlight price action daily over a five-year weekly period. The risk/reward set-up seems quite favorable at current levels and also looks eerily similar to its last rebound.
Here’s the current scenario that also occurred in 2022/2023.
Bottom/base that was tested multiple times and held
Bullish divergence in both key momentum indicators – RSI and MACD
Price followed and broke above the 50-week moving average
Price was over 40% below its 200-week moving average — something to reverse
In 2023, shares rallied back. Will this situation resolve similarly?
The risk to the downside seems worth the possible reward up to the moving average. Whether or not the stock has turned it around completely is a different story, but for now, the tide seems to be shifting.
These three stocks offer a mix of opportunity and caution. Be sure to add these stock to your ChartLists and watch the action unfold as the companies report earnings.
Even with a few short-lived roller coaster rides, the stock market had a strong week. Though there was some selling on Friday, the S&P 500 ($SPX) and Nasdaq Composite ($COMPQ) closed up over the week as a whole, while the Dow Jones Industrial Average ($INDU) closed lower by 0.07%.
Earnings season has started on a positive note, with big banks and Netflix, Inc. (NFLX) reporting better-than-expected earnings. Inflation remains relatively tame and the labor market remains resilient. This has helped fuel the stock market’s higher trajectory, with sectors such as Technology, Industrials, and Financials showing strong upward moves. Even small-caps are hanging in there, although they have pulled back a bit.
This price action supports broad participation in the market. The S&P 500 Equal-Weighted Index ($SPXEW) is also holding strong, trading above its 20-day exponential moving average. This tells us that participation isn’t limited to a handful of giants.
Overall growth still takes center stage and, so far, July is following its seasonality pattern. The seasonality chart below shows that in the last 10 years, the return in July was positive every year, with an average gain of 3.30%.
FIGURE 1. SEASONALITY CHART OF THE S&P 500. July is a strong month for the index, but August, September, and October paint a different picture.Image source: StockCharts.com. For educational purposes.
Switching to a same-scale line chart (with a few years removed for clarity) you can see that even in 2020 and 2022, when the S&P 500 was in negative territory, July was still a strong month.
FIGURE 2. SAME-SCALE SEASONALITY CHART FOR S&P 500 FROM 2016 TO 2025. July is a strong month for stocks, although some years the latter part of the month has seen a decline.Image source: StockCharts.com. For educational purposes.
Seasonality shifts notably as we move into late summer and early fall. That doesn’t guarantee a weak August, but it does argue for staying alert. It’s like driving into a stretch of winding road. You don’t slam the brakes, you just keep both hands on the wheel.
For a bird’s-eye view, the StockCharts Market Summary is your go-to page, but, after drilling down, one chart I often visit in my Market Analysis ChartList is the 3-year weekly chart of the S&P 500, with its Bullish Percent Index (BPI) and the percentage of S&P 500 stocks trading above their 200-day moving average.
FIGURE 3. WEEKLY CHART OF S&P 500 WITH MARKET BREADTH INDICATORS. From a weekly perspective, the S&P 500 is still trending higher. Breadth indicators support the bullish move.Chart source: StockCharts.com. For educational purposes.
The trend is still higher, although the range between the open and close is relatively narrow. The BPI is above 50 but is flattening out, and the percentage of stocks trading above their 200-day moving average is also declining. Neither breadth indicator suggests we’ll see a massive selloff in the coming days.
The Cboe Volatility Index ($VIX) is low, and investor sentiment leans bullish (you can confirm this in the Sentiment panel of the Market Summary page).
There are lots of variables that can change from now to the end of the year, from government policy to geopolitical tensions. These changes will be reflected in the market breadth and sentiment charts.
Tip: StockCharts members can download the Market Summary ChartPack to include the charts from the page in their ChartLists. You need to keep an eye on these charts for leading signals of change in the market’s price action.
Stock Market Weekly Performance
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
In this video, Mary Ellen spotlights the areas driving market momentum following Taiwan Semiconductor’s record-breaking earnings report. She analyzes continued strength in semiconductors, utilities, industrials, and AI-driven sectors, plus highlights new leadership in robotics and innovation-focused ETFs like ARK. From there, Mary Ellen breaks down weakness in health care and housing stocks, shows how to refine trade entries using hourly charts, and compares today’s rally to past market surges. Watch as she explores setups in silver and examines individual stocks like Nvidia, BlackRock, and State Street.
This video originally premiered on July 18, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.
New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.
If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.
The gold price saw both peaks and troughs this week, reacting to the release of June consumer and producer price index data out of the US, as well as renewed discussions about whether President Donald Trump may fire Federal Reserve Chair Jerome Powell.
Silver was the real precious metals star, pushing past the US$39 per ounce level once again.
What’s happened is we broke through that US$37 to US$37.30 resistance level — after failing there, by the way — which is also a technical bullish sign. And then we rallied all the way to the US$39s, but we hit resistance between US$39 and US$40, which is not really unexpected, because it was a really quick move from US$37 to US$39.
I think US$40 is a big, round number that doesn’t have a lot of resistance on the long-term chart, but it’s still there in people’s minds.
It’s going to take a little bit to get through US$40. But once you’re by US$40, then it’s absolutely go time if you don’t think it is already.
Take a watch for more on silver, as well as the gold, platinum and copper markets.
MP Materials (NYSE:MP) was in the headlines after announcing a US$500 million partnership with Apple (NASDAQ:AAPL). The companies said on Tuesday (July 15) that they have entered into a definitive long-term agreement through which MP will supply Apple with rare earth magnets.
The magnets will be made in the US, and will use 100 percent recycled materials.
The news follows last week’s new partnership between MP and the US Department of Defense. A key component is a 10 year deal that sets up a price floor commitment of US$110 per kilogram for MP’s neodymium-praeseodymium products, a move geared at creating supply chain stability.
The defense department will also become MP’s largest shareholder, buying US$400 million worth of preferred stock and receiving warrants to purchase additional common stock.
Shares of MP spiked on the news and have stayed high since then.
MP describes itself as the only fully integrated rare earths producer in the US, and the moves from Apple and the defense department reflect a growing push to diversify away from China.
Investors are taking note of the rare earths opportunity too. Here’s how Rick Rule of Rule Investment Media described the sector’s potential in a recent interview:
If you want a gamier suggestion, I really like the high-quality rare earths space. Nobody understands it, nobody cares. There are probably 50 pretenders in rare earths, but there are two or three speculations that, while you could easily lose 30 percent of your money, you could also easily enjoy 20 baggers.
Watch the interview for more, including Rule’s favorite ASX-listed mining stocks.
Major miner Barrick Mining (TSX:ABX,NYSE:B) is reportedly looking to sell Hemlo, its last remaining Canadian gold mine, to Discovery Silver (TSX:DSV,OTCQX:DSVSF).
According to Bloomberg, the companies are in ‘advanced talks’ about a deal.
Located in Ontario, Hemlo’s 2025 output is forecast at 140,000 to 160,000 ounces of gold at an all-in sustaining cost of US$1,600 to US$1,700 per ounce.
The move to sell Hemlo comes as Barrick hones in on tier-one assets and broadens its focus. It changed its name from Barrick Gold to Barrick Mining earlier this year, with its latest divestment being the sale of its 50 percent stake in the Alaska-based Donlin gold project for US$1 billion in cash.
For its part, Discovery Silver has been on an expansion path, closing its acquisition of Newmont’s (TSX:NGT,NYSE:NEM) Porcupine complex this past April.
In addition to Porcupine, Discovery holds the Cordero silver project in Mexico.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Trading resumes in:
Company: Prismo Metals Inc.
CSE Symbol: PRIZ
All Issues: Yes
Resumption (ET): 8:00 AM 7/21/2025
CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .
SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions
View original content: http://www.newswire.ca/en/releases/archive/July2025/18/c4294.html
News Provided by Canada Newswire via QuoteMedia
Strong demand in the face of looming supply shortages has pushed copper to new heights in recent years.
With a wide range of applications in nearly every sector, copper is by far the most industrious of the base metals. In fact, for decades, the copper price has been a key indicator of global economic health, earning the red metal the moniker “Dr. Copper.” Rising prices tend to signal a strong global economy, while a significant longer-term drop in the price of copper is often a symptom of economic instability.
After bottoming out at US$2.17 per pound, or US$5,203.58 per metric ton (MT), in mid-March 2020, copper has largely been on an upward trajectory.
Why is copper so expensive in 2025? Higher copper prices over the past few years have largely been attributed to a widening supply/demand gap. The already tenuous copper supply picture was made worse by COVID-19 lockdowns, and as the world’s largest economies seemingly began to emerge from the pandemic, demand for the metal picked up once again. Copper mining and refining activities simply haven’t kept up with the rebound in economic activity.
Robust demand has long been one of the strongest factors driving copper prices. The ever-growing number of copper uses in everyday life — from building construction and electrical grids to electronic products and home appliances — make it the world’s third most-consumed metal.
Copper’s anti-corrosive and highly conductive properties are why it’s the go-to metal for the construction industry, and it’s used in products such as copper pipes and copper wiring. In fact, construction is responsible for nearly half of global copper consumption. Rising demand for new homes and home renovations in both Asian and Western economies is expected to support copper prices in the long term.
In recent decades, copper price spikes have been strongly tied to rising demand from China as the economic powerhouse injects government-backed funding into new housing and infrastructure. Industrial production and construction activity in the Asian nation have been like rocket fuel for copper prices.
Additionally, copper’s conductive properties are increasingly being sought after for use in renewable energy applications, including thermal, hydro, wind and solar energy.
However, the biggest driver of copper consumption in the renewable energy sector is rising global demand for electric vehicles (EVs), EV charging infrastructure and energy storage applications. As governments push forward with transportation network electrification and energy storage initiatives as a means to combat climate change, copper demand from this segment is expected to surge.
New energy vehicles use significantly more copper than internal combustion engine vehicles, which only contain about 22 kilograms of copper. In comparison, hybrid EVs use an average of 40 kilograms, plug-in hybrid EVs use 55 kilograms, battery EVs use 80 kilograms and battery electric buses use 253 kilograms.
In 2024, EV sales worldwide increased by 25 percent over 2023 to come in at about 17.1 million units, and analysts at Rho Motion expect that trend to continue in the coming years despite some headwinds in the near-term. Already in the first five months of 2025, EV sales were up 28 percent over the same period in the previous year.
On the supply side of the copper market, the world’s largest copper mines are facing depleting high-grade copper resources, while over the last decade or more new copper discoveries have become few and far between.
The pandemic made the situation worse as mining activities in several top copper-producing countries faced work stoppages and copper companies delayed investments in further exploration and development — a challenging problem considering it can take as many as 10 to 20 years to move a project from discovery to production. In addition, delayed investments amid the pandemic will also have long-term repercussions for copper supply.
There have also been ongoing production issues at major copper mines, most notably the shutdown in late 2023 of First Quantum Minerals’ (TSX:FM,OTC Pink:FQVLF) Cobre Panama mine, which accounted for about 350,000 MT of the world’s annual copper production.
The International Energy Agency (IEA) is forecasting a 30 percent shortfall in the amount of copper needed to meet demand by 2035. “This will be a major challenge. It’s time to sound the alarm,” IEA Executive Director Fatih Birol said.
The supply shortage has increased the need for end users to turn to the copper scrap market to make up for the supply shortage. Sometimes referred to as “the world’s largest copper mine,” recycled copper scrap contributes significantly to supplying and balancing the copper market.
“We are seeing signs this could change. Much of the growth over the last five years has come from brownfield expansions rather than greenfield/new discoveries,’ she said. ‘Technology will likely help increase the chance of discovery, and broadly I would say that policymakers are now more supportive of mineral exploration as the push to secure critical raw materials supply has moved up the agenda.’
Joannides offered some examples of greenfield projects in the pipeline: Capstone Copper’s (TSX:CS,OTC Pink:CSCCF) Santo Domingo in Chile, Southern Copper’s (NYSE:SCCO) Tia Maria in Peru and Teck Resources’ (TSX:TECK.A,TECK.B,NYSE:TECK) Zafranal in Peru.
Taking a look back at historical price action, the copper price has had a wild ride for more than two decades.
Sitting at US$1.38 per pound in late January 2005, the copper price followed global economic growth up to a high of US$3.91 in April 2008. Of course, the global economic crisis of 2008 soon led to a copper crash that left the metal at only US$1.29 by the end of year.
Once the global economy began to recover in 2011, copper prices posted a new record high of US$4.58 per pound at the start of the year. However, this high was short-lived as the copper price began a five year downward trend, bottoming out at around US$1.95 in early 2016.
Copper prices stayed fairly flat over the next four years, moving in a range of US$2.50 to US$3 per pound.
20 year copper price performance.
Chart via Macrotrends.
The pandemic’s impact on mine supply and refined copper in 2020 pushed prices higher despite the economic slowdown. The copper price climbed from a low of US$2.17 in March to close out the year at US$3.52.
In 2021, signs of economic recovery and supercharged interest in EVs and renewable energy pushed the price of copper to rally higher and higher. Copper topped US$4.90 per pound for the first time ever on May 10, 2021, before falling back to close at US$4.76.
Also affecting the copper price at that time was expectations for higher copper demand amid supply concerns out of two of the world’s major copper producers: Chile and Peru. In late April 2021, port workers in Chile called for a strike, while in Peru presidential candidate Pedro Castillo proposed nationalizing mining and redrafting the country’s constitution.
In early May 2021, news broke that copper inventories were at their lowest point in 15 years. Expert market watchers such as Bank of America commodity strategist Michael Widmer warned that further inventory declines into 2022 could lead to a copper market deficit.
After climbing to start 2022 at US$4.52, the copper price continued to spike on economic recovery expectations and supply shortages to reach US$5.02 per pound on March 6. Throughout the first quarter, fears of supply chain disruptions and historically low stockpiles amid rising copper demand drove prices higher.
However, copper prices pulled back in mid-2022 on worries that further COVID-19 lockdowns in China, as well as a growing mortgage crisis, would slow down construction and infrastructure activity in the Asian nation. Rising inflation and interest hikes by the Fed also placed downward pressure on a wide basket of commodities, including copper. By late July 2022, copper prices were trading down at nearly a two year low of around US$3.30.
In the early months of 2023 the copper price was trading over the US$4 per pound level after receiving a helpful boost from continuing concerns about low copper inventories, signs of rebounding demand from China, and news about the closure of Peru’s Las Bambas mine, which accounts for 2 percent of global copper production.
However, that boost turned to a bust in the second half of 2023 as China continued to experience real estate sector issues, alongside the economic woes of the rest of the world. The price of copper dropped to a low for the year of US$3.56 per pound in mid October.
Elevated supply levels kept copper trading in the US$3.50 to US$3.80 range for much of Q1 2024 before experiencing strong gains that pushed the price of the red metal to US$4.12 on March 18.
Those gains were attributed to in part to tighter copper concentrate supply following the closure of First Quantum Minerals’ Cobre Panama mine, guidance cuts from Anglo American (LSE:AAL,OTCQX:AAUKF) and declining production at Chile’s Chuquicamata mine. In addition, China’s top copper smelters announced production cuts after limited supply led to lower profits from treatment and refining charges.
BHP’s (ASX:BHP,NYSE:BHP,LSE:BHP) attempted takeover of Anglo American also stoked fears of even tighter global copper mine supply. These supply-side challenges continued to juice copper prices in Q2 2024, causing a jump of nearly 29 percent from US$4.04 per pound on April 1 to a then all-time high of US$5.20 by May 20, 2024.
The price of copper reached its highest recorded price of US$5.72 per pound, or US$12,610 per metric ton, on July 8, 2025. The red metal’s price surged more than 13 percent from July 7 to its new all time high. Read on to found out how the copper price reached those heights.
After starting 2025 at US$3.99 per pound, copper prices were lifted in Q1 by increasing demand from China’s economic stimulus measures, renewable energy and artificial intelligence (AI) technologies and stockpiling brought on by fear of US President Trump’s tariff threats.
At the time, Trump had said the US was considering placing tariffs of up to 25 percent on all copper imports in a bid to spark increased domestic production of the base metal.
In late February, he signed an executive order instructing the US Commerce Department to investigate whether imported copper poses a national security risk under Section 232 of the Trade Expansion Act of 1962. The price of copper reached a new high price of US$5.24 per pound on March 26 as tariff tensions escalated.
Trump’s tariff talk sparked yet another copper price rally to set its new record high price in early July when he announced he plans to impose a 50 percent tariff on all imports of the red metal.
Looking at the bigger picture, copper’s rally in recent years has encouraged bullish sentiment on prices looking ahead. In the longer term, the fundamentals for copper are expected to get tighter as demand increases from sectors such as EVs and energy storage. A May 2024 report from the International Energy Forum (IEF) projects that as many as 194 new copper mines may need to come online by 2050 to support massive demand from the global energy transition.
Looking over to renewable energy, according to the Copper Development Association, solar installations require about 5.5 MT of copper for every megawatt, while onshore wind turbines require 3.52 MT of copper and offshore wind turbines require 9.56 MT of copper.
The rise of AI technology is also bolstering the demand outlook for copper. Commodities trader Trafigura has said AI-driven data centers could add one million MT to copper demand by 2030, reports Reuters.
Copper market fundamentals suggest a return to a bull market cycle for the red metal in the medium-term. The copper supply/demand imbalance also presents an investment opportunity for those interested in copper-mining stocks.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.