RSD Weekly Recap: Midas Gold (TSX: MAX)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
I hope everyone had a great 4th of July.
Gold is off to a rough start this week, breaking below its 200-day moving average. This follows a tough last week that saw gold close at $1,241 for a weekly loss of just over 1%.
Silver lost approximately 0.4%, closing at $16.60, and is flirting with breaking below the $16 level.
Platinum lost $6, closing at $922 and palladium closed at $840 for a weekly loss of nearly 2%.
The base metals surged. Copper closed at $2.68, hitting a two-and-a-half-month high.
Zinc continued higher, adding 0.4% for the week and closing at $1.26/lb.
Oil is putting in a good rebound, closing at $46.23 for a weekly gain of nearly 7%.
Uranium once again traded mostly flat but did hold the $20/lb. level.
I visited the Midas Gold (TSX: MAX) site in Idaho and talked with Laurel Sayer about why even environmentalists are excited about the Stibnite Gold Project. Click here for Part I & Part II of my interview.
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