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RSD Weekly Recap: Gold and Silver Down for 2nd Straight Week, Brazil Resources Completes Financing, Leading Edge Materials Announces Financing

November 21, 2016

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

Gold and silver both closed lower for the second straight week with gold closing near the $1206 range and silver trading down to the $16.60-range – a weekly loss of approximately 4.5%.

The dollar hit a 13-year high and it has now breached the 100 level convincingly.

Copper meanwhile has held up well and was down just 1% to $2.48 per pound.

I continue to believe we will see a higher dollar and lower gold and silver prices in the short-term, making the last 6 weeks of the year an excellent time to add the best names at attractive entry points.

A quiet week on the news from t as everyone gets ready for the holidays.

Brazil Resources (TSX-V: BRI)(OTC: BRIZF) completed its final tranche of the previously announced $12.4 million financing.

Leading Edge Materials announced a C$2 million financing that will allow the company to work through the qualification process and continue to add to its portfolio of strategic critical metals assets.

That's all for this week.


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Name Last Change
DOW 24100.50 2.06%
S&P 500 2599.95 1.95%
NASDAQ 6910.67 2.31%
TSX 14595.07 1.06%
TSX-V 555.38 0.00%

Resource Commodities

Name Last Change
Gold 1238.38 0.29%
Silver 14.57 1.17%
Copper 2.76 0.010
Platinum 787.00 1.21%
Oil 51.20 2.70%
Natural Gas 3.83 7.76%
Uranium 28.53 0.35%
Zinc 1.22 0.00%


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