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

RSD Weekly Recap: Advantage Lithium (TSX-V:AAL), Mawson Resources (TSX-V: MAW), Leading Edge Materials (TSX-V:LEM), East West Petroleum (TSX-V: EW), Avrupa Minerals (TSX-V: AVU)

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

With the French elections behind us Gold continued to drift lower, closing at $1,229 per ounce, a 3% loss for the week.

Silver followed suit losing 5%, closing at $16.32 per ounce. The drop comes as the dollar lost 0.5% for the week, closing at 98.55.

Platinum was down 3.4%, closing at $912 an ounce and palladium closed lower, losing 1.5% for the week closing at $814.

Copper, which I’m bullish on mid-term, closed lower on higher inventories. It closed at $2.52/lb. for a 2.5% weekly loss.

Zinc continued sideways, closing near the $1.17/lb. level.

Uranium also traded sideways, closing at $22.50/lb.

Oil was clobbered, breaking the $44 a barrel level before recouping some of those losses and closing at $46.38 a barrel for a weekly loss of nearly 6%.

Busy 5 de Mayo week (America’s favorite made up Mexican holiday) at Resource Stock Digest.

I had the opportunity to speak with legendary investor Jeff Phillips who explained what he looks for in a company, some red flags to look out for and he even shared a few companies he finds interesting in the junior resource space. 16 minutes of insight from one of the best in the business. Listen to it.

I spoke with Advantage Lithium (TSX-V:AAL) CEO David Sidoo about drilling at Cauchari, the company’s flagship in Argentina.

I also had the opportunity to chat with Mawson Resources (TSX-V: MAW) CEO Michael Hudson, who went over the latest round of high-grade near surface results from its project in Finland.

Leading Edge Materials (TSX-V:LEM) CEO Blair Way provided an update on the many catalysts Leading Edge has on the horizon including lithium drill results and progress on the high-purity graphite front.

East West Petroleum (TSX-V: EW) CEO David Sidoo updated us on the progress in Romania from the highly anticipated first well there and the commencement of drilling in New Zealand. Lots of catalysts for a company with a tiny market cap.

Speaking of companies with lots of catalysts and a tiny market cap, Avrupa Minerals (TSX-V: AVU) CEO Paul Kuhn went over the busy summer plans for Avrupa including drilling at its Slivovo gold project in Portugal.

That’s all for this week. Look out for lower gold and silver prices. This is Gerardo Del Real with Resource Stock Digest.

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