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

RSD Weekly Recap: Hannan Metals (TSX-V: HAN), Skyharbour Resources (TSX-V: SYH), GoldMining Inc. (TSX-V: GOLD)

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

Gold closed at $1,349 for a weekly gain of 1.5%

Silver followed gold higher, settling at $17.42 an ounce for a weekly gain of 2.5%.

The dollar’s slide continued, closing at $89.10 for a weekly loss of 1.7%.

Copper settled at $3.20/lb. for a weekly gain of 0.6%.

Platinum traded flat, settling at $1,010 an ounce.

Palladium meanwhile lost 1.2%, settling at $1,083 an ounce.

Oil continued to rally, settling at $67.11/barrel.

Zinc also continued higher, settling at $1.56/lb. its currently at the $1.63/lb. level.

Uranium closed under the $23/lb. level for a weekly loss of just over 2%.

With zinc in a bull market Hannan Metals (TSX-V: HAN) continues to look at attractive at these levels.

I spoke with CEO Michael Hudson about the seven new drill targets Hannan recently defined and am looking forward to visiting the project to look for myself in the next couple of weeks.

Skyharbour Resources (TSX-V: SYH) CEO Jordan Trimble went over the multiple partner-funded exploration programs underway as well as the details of upcoming drilling at the flagship Moore project.

Insightful as always Jordan also shared his thoughts on the overall uranium market.

Lastly I had the opportunity to connect with GoldMining Inc. (TSX-V: GOLD) Chairman Amir Adnani.

Amir touched on several subjects including bitcoin, gold, the potential for M&A in 2018 and of course the most recent news out of GoldMining.

That’s all for this week. A correction in the overall U.S. indices is underway and with money coming out of the bond market the rotation could be helpful to the commodities space.

Let’s see if it’s sustainable, which is what we need for some of that capital to trickle into the junior space.

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

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