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

RSD Weekly Recap: New Orleans Investment Conference

Nov. 6, 2018

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

Gold settled relatively flat, losing two dollars and closing at $1,232 an ounce.

Silver also closed relatively flat, settling at $14.72/oz.

The Dollar settled slightly higher, closing at 96.50 last week.

Copper picked up three cents and settled at $2.83/lb.

Platinum settled at $867 an ounce for a weekly gain of $37.

Palladium settled at $1,105/oz. for a weekly gain of approximately 0.9%.

Zinc pulled back a bit, losing three cents and settling at $1.19/lb.

Oil volatility continues, which led to another leg down and oil settling at $62.86/barrel.

Uranium continues its march towards $30/lb., settling at $28.75/lb.

I’ve been asking you to get positioned and the juniors are finally responding to the higher spot price. Should be a fun close to the year in the uranium space.

I just returned from the New Orleans Investment Conference. As usual, Brien Lundin and his team did an excellent job delivering value to both exhibitors and attendees.

Uranium definitely has people’s attention. The gold bugs are exhausted, meaning a bottom is likely near. Tax-loss selling season is here and if you’re a contrarian you are using this time of the year to add to or initiate positions in the best names.

Get that done.

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