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.

View Interview Archive

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Name Last Change
DOW 27219.50 0.14%
S&P 500 3007.39 0.07%
NASDAQ 8176.71 0.22%
TSX 16682.42 0.23%
TSX-V 589.16 0

Resource Commodities

Name Last Change
Gold 1483.20 0.94%
Silver 17.36 3.97%
Copper 2.68 2.681
Platinum 901.00 0.67%
Oil 54.85 0.44%
Natural Gas 2.61 1.53%
Uranium 25.05 0.00%