RSD Weekly Recap

Nov. 14, 2017

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

Gold was range-bound again, adding $6 for the week and settling at $1,275 an ounce.

Silver gained a nickel, closing at $16.85 an ounce.

The dollar closed at 94.38 for a weekly loss of 0.6%.

Copper closed near the $3.07/lb. level for a weekly loss of approximately 1.6%.

Platinum gained nearly 1%, closing at $927 an ounce.

Palladium broke the thousand-dollar level before closing at $996 an ounce for a gain of $2 on the week.

Zinc was also range-bound this week, closing near the $1.49/lb. level

WTI oil closed at $56.87 for a weekly gain of 2%.

Big news in the uranium space as Cameco decided to shut down both McArthur River and the Key Lake Mill.

The announcement led to a surge in the uranium price. Uranium closed at $22.75/lb. for a weekly gain of 12.5%.

It’ll be interesting to see if these closures are a one off or if more closures and production cuts are in the cards.

That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.