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

RSD Weekly Recap: Cordoba Minerals (TSX-V: CDB), Hannan Metals (TSX-V: HAN), Leading Edge Materials (TSX-V: LEM), Skyharbour Resources (TSX-V: SYH)

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

Gold closed the week at $1228 for a weekly gain of just over 1%.

Silver also closed higher at $15.95 an ounce for a weekly gain of 2.4%

This as the dollar closed at approximately 95.09, down 1% for the week. The dollar has started the week in the 94.60 range.

The weakness has led to higher gold and silver prices this week. But despite a 10-month low for the dollar, gold and silver have failed to trade outside of the recent range.

Platinum closed at $919, up approximately 1.5% while palladium closed at $854 for a weekly gain of 2.5%.

Copper also rebounded, closing at $2.67/lb. for a weekly gain of 1.5%.

Uranium closed at $20.75, up $0.37.

Zinc closed the week at the $1.28/lb. level and seems to have momentum after bouncing off the $1.10/lb. level in June.

Oil closed at $46.68 per barrel for a weekly gain of over 5%.

Lots of news and exclusive interviews here at Resource Stock Digest.

I had a very candid interview with Cordoba Minerals (TSX-V: CDB) CEO Mario Stifano on the criticism of the HPX transaction, which consolidated the very prospective San Matias district in Colombia.

I have my eye on undervalued zinc plays with good share structures, experienced management, and exploration potential. I had the chance to speak with Michael Hudson, CEO of Hannan Metals (TSX-V: HAN), a company which checks a lot of these boxes.

Leading Edge Materials (TSX-V: LEM) continues to advance its critical metals portfolio. I caught up with CEO Blair Way who provided an update on the drilling at its lithium project and progress on its flagship Woxna project. I expect lots of news from Leading Edge in the coming months.

Lastly, I spoke with Skyharbour Resources (TSX-V: SYH) CEO Jordan Trimble on the upcoming drill program at the flagship and the state of the uranium market. I feel that the market is bottoming, a process that coupled with the summer doldrums should make every contrarian speculator smile.

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

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