Premarket movers Mag 7 stocks are mixed: (Tesla +0.4%, Alphabet is little changed, Microsoft +0.07%, Apple -0.05%, Amazon -0.1%, Meta is little changed, Nvidia -0.4%) Gold, silver and copper mining and royalty stocks climb as the metals continued to hit record highs amid rising geopolitical tensions. Barrick Mining (B) rises 1% while Hudbay Minerals (HBM) gains 1%. Invivyd (IVVD) climbs 1% after the FDA granted a fast track designation for the biotech’s investigational vaccine-alternative monoclonal antibody candidate for Covid prevention in individuals with underlying risk factors for severe Covid. Sable Offshore Corp. (SOC) soars 25% after the company said that the US Department of Transportation Pipeline and Hazardous Materials Safety Administration approved the firm’s Las Flores pipeline restart plan. Zim Integrated Shipping Services (ZIM) climbs 8% after the company said it is evaluating proposals from multiple potential buyers. The review of strategic alternatives is in advanced stages.(zerohedge)