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RSD Weekly Recap: Midas Gold (TSX: MAX)

July 5, 2017

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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MARKET SUMMARY

INDICES

Name Last Change
DOW 25250.60 0.35%
S&P 500 2750.79 0.59%
NASDAQ 7430.74 0.89%
TSX 15409.47 0.03%
TSX-V 711.36 0.00%

Resource Commodities

Name Last Change
Gold 1227.30 0.03%
Silver 14.70 0.07%
Copper 2.79 0.000
Platinum 842.50 0.07%
Oil 71.34 0.52%
Natural Gas 3.16 1.93%
Uranium 27.50 0.29%
Zinc 1.21 0.00%

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