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RSD Weekly Recap: Year-end Metal Prices and Almaden Minerals (TSX: AMM) Interview

January 3, 2017

This is Gerardo Del Real with the Resource Stock Digest Weekly Recap.

I hope everyone had an excellent holiday and I wish all of you a prosperous 2017.

Gold closed the year up 9%, the best gain since 2012, closing the year at approximately $1,157 an ounce. Gold was still down around 1.5% for December and I still expect lower prices before it turns back up.

Silver closed the year at $16.08 an ounce, a 2% drop for the week but a 17% gain for the year.

The dollar closed above the 102 level for the year, its strongest showing since 2002. Expect a higher dollar this year.

Copper closed the year at $2.51/lb. up approximately 16% for the year. Zinc closed at $1.15 per pound.

Platinum closed the year up approximately 1.6% for the year while palladium gained almost 21% in 2017.

Uranium closed out 2016 at approximately $20.63 per pound while Brent Crude closed the year up 52%.

A quiet week on the news front the last trading week of the month didn’t stop Almaden Minerals (TSX: AMM)(NYSE: AAU). Almaden continued to deliver great results from its gold-silver Ixtaca deposit. I spoke with (interview hereAlmaden CEO Morgan Poliquin about the results and what to expect from Almaden in 2017.

We’re expecting a very busy 2017 that will be a pivotal year in the precious metals space, currency markets and on the geopolitical front.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 25413.20 0.49%
S&P 500 2736.27 0.22%
NASDAQ 7247.87 0.15%
TSX 15155.50 0.07%
TSX-V 624.51 0.00%

Resource Commodities

Name Last Change
Gold 1221.51 0.67%
Silver 14.41 0.00
Copper 2.80 0.000
Platinum 844.50 0.24%
Oil 56.46
Natural Gas 4.27 5.48%
Uranium 29.18 0.00%
Zinc 1.20 0.00%

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