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RSD Weekly Recap

November 14, 2017

This is Gerardo Del Real with the Resource Stock Digest weekly recap.

Gold was range-bound again, adding $6 for the week and settling at $1,275 an ounce.

Silver gained a nickel, closing at $16.85 an ounce.

The dollar closed at 94.38 for a weekly loss of 0.6%.

Copper closed near the $3.07/lb. level for a weekly loss of approximately 1.6%.

Platinum gained nearly 1%, closing at $927 an ounce.

Palladium broke the thousand-dollar level before closing at $996 an ounce for a gain of $2 on the week.

Zinc was also range-bound this week, closing near the $1.49/lb. level

WTI oil closed at $56.87 for a weekly gain of 2%.

Big news in the uranium space as Cameco decided to shut down both McArthur River and the Key Lake Mill.

The announcement led to a surge in the uranium price. Uranium closed at $22.75/lb. for a weekly gain of 12.5%.

It’ll be interesting to see if these closures are a one off or if more closures and production cuts are in the cards.

That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 23358.20 0.43%
S&P 500 2578.85 0.26%
NASDAQ 6782.79 0.15%
TSX 15998.57 0.40%
TSX-V 799.35 0.00%

Resource Commodities

Name Last Change
Gold 1292.66 0.12%
Silver 17.23 0.46%
Copper 3.06 0.62%
Platinum 952.00 1.56%
Oil 56.55 2.49%
Natural Gas 3.10 1.42%
Uranium 24.25 N/A
Zinc 1.45 0.00%

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