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

RSD Weekly Recap: Energy Fuels (NYSE: UUUU), Sun Metals Corp. (TSX-V: SUNM), Hannan Metals (TSX-V: HAN), Blue Sky Uranium (TSX-V: BSK), Chakana Copper (TSX-V: PERU)

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

Gold settled at $1,314/oz. last week for a weekly loss of four dollars.

Silver settled at $15.80/oz. for a weekly loss of 0.5%.

The Dollar surged, settling at 96.64 for a weekly gain of just over 1%. It’s now over 97.

Copper settled at $2.81/lb. for a weekly gain of approximately 2%.

Platinum settled at $798/oz. for a weekly loss of approximately 3%.

Palladium settled at $1,386/oz. for a weekly gain of 3.5%.

Zinc settled at 1.23/lb. for a weekly loss of three cents.

Oil settled at $52.73/barrel for a weekly loss of approximately 4.5%.

Uranium settled relatively flat again, closing at $28.85/lb.

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This week we talked the Fed, Virginia, face-licking politicians, Mr. Bezos and Mr. Pecker, fake eyelashes, virtual concerts and we picked a stock of the week.

Energy Fuels (NYSE: UUUU) CEO Mark Chalmers went over the 232 petition, the diversified uranium portfolio and ability to scale and the vanadium kicker. A lot to like if like me you believe a uranium bull market is on its way.

Sun Metals Corp. (TSX-V: SUNM) CEO Steve Robertson explained the reasoning behind the arrangement with Lorraine, plans for 2019 and Teck’s recent endorsement of the Stardust project.

Hannan Metals (TSX-V: HAN) CEO Michael Hudson outlined the Kilmurry target Hannan is drilling. Drill is turning.

Blue Sky Uranium (TSX-V: BSK) CEO Niko Cacos highlighted the district-scale potential in Argentina. On part uranium, one part vanadium and a lot of exploration potential.

Chakana Copper (TSX-V: PERU) CEO David Kelley broke down the latest set of spectacular numbers from the Soledad project in Peru, including 22.8 meters of 14.29% copper equivalent. Good stuff out of Chakana.

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