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

RSD Weekly Recap: Otis Gold (TSX-V: OOO), Golden Arrow Resources (TSX-V: GRG), Jeff Phillips

Sept. 4, 2018

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

Hope everyone enjoyed the long weekend. Let’s get to it.

Gold continued lower and settled at $1,200 an ounce for a weekly loss of 0.4%.

Silver follow gold lower, settling at $14.48 an ounce for a weekly loss of 2%.

The Dollar settled lower, closing at 95.09 down 5 points.

Copper settled at $2.71/lb. for a weekly loss of 4 cents.

Platinum settled at $785 an ounce for a weekly loss of $4.

Palladium was up, settling at $975 an ounce.

Zinc was down 3.5%, settling at 1.11/lb.

Oil settled higher, closing at $69.93/barrel for a weekly gain of approximately 2%.

Uranium continued to march higher, closing at $26.43/lb.

Otis Gold (TSX-V: OOO) CEO Craig Lindsay went over the updated resource estimate and plans for an aggressive upcoming drill program.

Golden Arrow Resources (TSX-V: GRG) David Terry detailed the production ramp up at Chinchillas and also went over the exploration portfolio in Argentina.

Global Market Development President Jeff Phillips shared his approach to minimizing risk in a bear market and also shared a few of his favorite picks.

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