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

RSD Weekly Recap: K2 Gold (TSX-V: KTO), First Cobalt (TSX-V: FCC), Leading Edge Materials (TSX-V: LEM), Revival Gold (TSX-V: RVG)

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

Gold settled lower, closing at $1,208/oz. for a weekly loss of nearly 2%.

Silver settled at $14.17/oz. for a weekly loss of approximately 4%.

The dollar continued higher — as I’ve been warning all year— settling at 96.89 for a weekly gain of 0.4%.

Copper settled at $2.75/lb. for a weekly loss of 3%.

Platinum settled at $852/oz., losing $15 for the week.

Palladium was relatively flat, settling at $1,101/oz. for a weekly loss of $4.

Zinc lost another three cents for the second week in a row, settling at $1.16/lb.

Oil was also down, losing another 4% settling at $60.16/barrel.

Uranium continues to flirt with $30 and settled at $29.15/lb.

K2 Gold (TSX-V: KTO) CEO Stephen Swatton provided an update on recent work at the Wels property.

First Cobalt (TSX-V: FCC) CEO Trent Mell went over important news in the cobalt space and also provided an update on the flagship Iron Creek cobalt project in Idaho.

Leading Edge Materials (TSX-V: LEM) CEO Blair Way was able to share more details on the Romanian cobalt exploration license. I expect big news from Romania and Leading Edge in 2019.

Revival Gold (TSX-V: RVG) CEO Hugh Agro detailed results from drilling in Idaho, talked about the buzz from the New Orleans Investment Conference — which was great as always — and also went over the expertise that UT’s own Dianne Garret brings to the board of directors. Always good stuff from Hugh.

That’s it for this week. It’s tax-loss selling time and there are bargains everywhere. Midas Gold, Almaden, Azucar, Advantage Lithium are all screaming buys amongst a graveyard of bargains.

You can’t sell high if you don’t buy low, folks. This is the buy low part. Do it.

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