Part of the Stock Digest group of websites: Visit Tech Stock Digest  

RSD Weekly Recap: Chilean Metals (TSX-V: CMX)

June 26, 2018

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

More trade drama – get used to it – and sevens everywhere everywhere last week.

Gold settled lower last week, closing at $1,269 an ounce for a weekly loss of nearly 1% a new 7-month low.

Silver lost $0.14, settling at $16.42 an ounce.

The dollar settled at 94.54 for a weekly loss of 0.25%.

Copper settled lower again, closing at $3.08/lb. for a weekly loss of nearly 3%.

Platinum also settled at a 7-month, low closing at $877.

Palladium lost 3%, settling at $953 an ounce.

Zinc lost seven cents settling at $1.35/lb. with trade war and tariff chatter putting a damper on the global growth story.

Oil was the outsider, surging today and surging last week. WTI oil settled at $69.28/barrel for a weekly gain of nearly 7%.

Uranium settled between $22 and $23/lb. again, closing at $22.63/lb. for a weekly loss of 3%.

I spoke with Chilean Metals (TSX-V: CMX)(OTC: CMETF) CEO Terry Lynch last week to go over the recent management shuffle, the company’s approach to exploration, and the Teck royalty that presents a compelling path forward if monetized.

Liquidity is light, the precious metals look weak to me and I expect a summer of buying opportunities.

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

View Interview Archive

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 26743.50 0.32%
S&P 500 2929.67 0.04%
NASDAQ 7986.96 0.52%
TSX 16224.13 0.06%
TSX-V 719.95 0.00%

Resource Commodities

Name Last Change
Gold 1197.34 0.18%
Silver 14.27 0.21%
Copper 2.84 0.000
Platinum 826.00 0.18%
Oil 70.78 0.65%
Natural Gas 2.98
Uranium 27.38 0.48%
Zinc 1.10 0.00%

@RSDigest ON TWITTER

Part of the Stock Digest family of websites
Small Cap Stock Digest