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RSD Weekly Recap: Advantage Lithium (TSX-V: AAL), Millrock Resources (TSX-V: MRO)

March 7, 2017

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

Is my long-awaited pullback for gold finally here? We’ll see. Gold closed the week down 2% as the Fed policy was back in focus and March rate-hike seems more likely.

Gold closed at $1226 per ounce.

Silver also posted a weekly loss, closing at $17.74 per ounce, a weekly drop of 3.5%.

Copper traded mostly flat and closed at $2.69/lb.

Platinum closed at $992 per ounce, a 3.6% loss while palladium lost 0.7% for the week and closed at $767 per ounce.

The dollar traded 0.4% higher for the week, a trend I expect to continue in the near to mid-term.

Zinc traded around the $1.25/lb. level while uranium seems to have stabilized around the $25/lb. level.

I had the opportunity to speak with Advantage Lithium (click for interview) Director Ross McElroy about the best drilling results to date at Clayton NE.

I also caught up with Millrock Resources (click for interview) CEO Greg Beischer about its new joint venture with Kinross Gold for its Liberty project in Alaska.

With PDAC here it should be a very busy week of news. See you next week. 

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MARKET SUMMARY

INDICES

Name Last Change
DOW 23526.20 0.27%
S&P 500 2597.08 0.08%
NASDAQ 6867.36 0.07%
TSX 16074.30 0.00%
TSX-V 792.78 0.00%

Resource Commodities

Name Last Change
Gold 1291.96 0.24%
Silver 17.14 0.29%
Copper 3.13 0.29%
Platinum 940.00 0.05%
Oil 58.02 2.05%
Natural Gas 2.97 1.65%
Uranium 24.25 N/A
Zinc 1.48 0.00%

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