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

RSD Weekly Recap: Palamina Corp. (TSX-V: PA), Almaden Minerals (TSX: AMM)

Dec. 18, 2018

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

Gold settled lower, closing at $1,238/oz. for a weekly loss of just under 1%.

Silver settled at $14.53/oz. for a weekly loss of six cents.

The Dollar surged higher, settling at 97.67.

Copper was relatively flat, settling at $2.79/lb.

Platinum settled at $785/oz. for a weekly loss of seven dollars.

Palladium settled higher again, picking up nearly 1.5% and settling at $1,223/oz.

Zinc pulled back, losing four cents to settle at $1.18/lb.

Oil settled at $51.16/barrel for a weekly loss of approximately 2.5%.

Uranium was relatively flat and settled at $28.53/lb.

Palamina Corp. (TSX-V: PA) President Andrew Thomson went over the latest high-grade samples from the Coasa gold project.

Almaden Minerals (TSX: AMM) CEO Morgan Poliquin detailed results from the long-awaited Feasibility Study at Ixtaca.

Great numbers from Almaden and I am looking forward to Morgan getting back to exploring the largely untested property.

That’s all for this week. We have another few days of tax-loss selling to pick up bargains. I expect 2019 to be a much better year for the resource space and buying in December might just be the smartest thing you can do for next year.

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