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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Small Cap Stock Digest



Name Last Change
DOW 26536.80 0.04%
S&P 500 2913.78 0.12%
NASDAQ 7909.97 0.32%
TSX 16312.22 0.36%
TSX-V 580.07 0.00%

Resource Commodities

Name Last Change
Gold 1406.88 0.26%
Silver 15.24 0.26%
Copper 2.72 2.716
Platinum 901.00 0.67%
Oil 59.38 2.61%
Natural Gas 2.29 0.74%
Uranium 24.65 0.00%
Zinc 1.15 0.00%