Weekly Watchlist - Jan.18 , 2026
Commodities have opened the year on a strong note, but it may be prudent to exercise greater caution with precious metals at these levels.
Before diving into the full watchlist, I wanted to share a quick update on my portfolio activity. This week, I took the step of selling a portion of my silver holdings—the first time I’ve done so since I began accumulating in 2021 and 2022.
While I remain a long-term believer in precious metals, I am seeing several "signposts" that suggest a large correction may be looming. Specifically, the surge of sentiment on social media is a classic indicator of market froth. While I can’t predict the exact peak, locking in gains after a multi-year accumulation phase makes sense here for me.
Moon River Moly - Market Cap $30 Million Canadian
Another stock I hadn’t come across until this week—this is exactly the advantage of having a solid screening process in place: you uncover unique opportunities that might otherwise fly under the radar. Moon River has recently broken out of a consolidation range on strong volume, which is typically a bullish technical signal. From a charting perspective, the setup looks very compelling.
The company’s flagship asset is the Davidson Project located near Smithers, British Columbia. This is considered one of the highest-grade molybdenum deposits in the world, featuring over 80 million tonnes in the measured and indicated resource categories. Moon River recently completed a Preliminary Economic Assessment (PEA), using a molybdenum price of US$22.50 per pound—very close to today’s spot price—which adds credibility to the economic assumptions in the study.
At current prices, the project demonstrates an after-tax Net Present Value (NPV) of over CAD $1 billion, along with a projected payback period of just 2.3 years. These are strong economics for a mining project and suggest significant potential upside if the project advances toward development.
With both the technical picture and the fundamental story aligning, this is shaping up to be a very promising opportunity worth keeping a close eye on.
American Pacific Mining - Market Cap $60 Million Canadian
American Pacific Mining has just recorded its highest weekly trading volume since the breakout in May 2021 — a technically bullish signal. The stock has also broken out relative to the $SPX, suggesting strengthening momentum compared to the broader market. This name generated significant buzz the last time it went parabolic, and interest appears to be building again.
The company’s flagship asset is the Madison Project in Montana, a past-producing mine that operated from 2008 to 2012. Madison has already delivered several exceptional drill results, including highlights such as 24.5 g/t gold over 30 metres, demonstrating the presence of high-grade mineralization. Management believes the project hosts a larger porphyry system, and ongoing exploration is focused on confirming the size and scale of that target.
One major advantage Madison has over many comparable exploration projects is that it is permitted for both surface and underground mining, which could significantly shorten timelines if the project advances toward development.
American Pacific is actively drilling at Madison, with the goal of delivering an initial mineral resource estimate by summer 2026. The company also plans to drill 2–3 deep holes targeting the core of the porphyry system, which represents a major potential catalyst. Success on these holes could materially re-rate the project and the company.
Overall, this is a high-upside exploration story with strong technical momentum and meaningful upcoming catalysts.
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