Categories: Base Metals / Energy / General Market Commentary / Precious Metals
Topics: General Base Metals / General Energy / General Market Commentary / General Precious Metals

RSD Weekly Recap

Nov. 27, 2018

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

Gold was relatively flat and settled at $1,222/oz. for a weekly gain of $1.

Silver was down nearly 1% last week and settled $14.27/oz.

The Dollar settled at 96.91, up 0.5% last week. It’s currently at 97.43, while gold looks like it wants to test the $1,100s once again.

Copper was relatively flat, picking up a penny and settling at $2.81/lb.

Platinum settled at $839/oz. for a weekly loss of 0.5%.

Palladium was down nearly 5% and settled at $1,100/oz.

Zinc pulled back a bit, losing two cents and settling at $1.19/lb.

Oil got clobbered last week, settling at $51.03/barrel and losing 10%.

Meanwhile, uranium continues the “steady as it goes” approach, pulling back just a bit and settling at $28.93/lb.

I hope everyone had a great Thanksgiving. I’m still going through leftovers here at home.

As expected, tax-loss selling has been pronounced, this on top of an already tough 2018. I’m adding to positions and – if you’re lucky enough to be in a position to add the better names in the space – this is absolutely the time to do so.

Personally, I’ve recently added to my Azucar, Almaden, Advantage Lithium and Abacus holdings, among others. Revival Gold, Midas Gold and Kutcho Copper look like early Christmas presents. You can add Chakana Copper, which just received an important permit, to that list. And you already know how I feel about the uranium sector.

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