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

RSD Weekly Recap: Prophecy Development Corp. (TSX: PCY), Revival Gold (TSX-V: RVG), Skyharbour Resources (TSX-V: SYH), Golden Arrow (TSX-V: GRG), Aben Resources (TSX-V: ABN), Brien Lundin

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

Gold settled higher last week, closing at $1,226/oz. for a weekly gain of $9.

Silver was relatively flat, gaining one cent and settling at $14.60/oz.

The Dollar settled higher, closing at 95.71 for a weekly gain of 0.5%.

Copper settled lower, closing at $2.81/lb. for a weekly loss of five cents.

Platinum settled at $830/oz. for a weekly loss of seven dollars.

Palladium settled higher again, picking up 1% and settling at $1,073/oz.

Zinc settled flat once again, closing at $1.20/lb.

Oil settled at $69.26/barrel for a weekly loss just over 3%.

Uranium was relatively flat again and settled at $27.65/lb.

Prophecy Development Corp. (TSX: PCY) CEO Gerald Panneton went over why he joined Prophecy and his approach to developing the flagship vanadium project.

Revival Gold (TSX-V: RVG) CEO Hugh Agro detailed progress from met results at the Beartrack gold project. Revival looks like a steal at these levels.

Gold Newsletter’s Brien Lundin previewed the impressive lineup at this year’s New Orleans Investment Conference.

Skyharbour Resources (TSX-V: SYH) CEO Jordan Trimble gave me his take on the status at the Moore uranium project and a great overview of near-term catalysts for the company and the uranium sector.

Golden Arrow (TSX-V: GRG) Vice President of Exploration & Development Brian McEwen shared his view on the Atlantida copper-gold project, the company’s newest addition to the portfolio.

Aben Resources (TSX-V: ABN) CEO Jim Pettit went over the latest set of assays from the Forest Kerr project. The market sold on the news but there are 24 holes left to report from the North Boundary Zone. Keep an eye on Aben.

That’s all for this week. Expect more volatility. I still don’t believe this latest gold rally, but hope I’m wrong.

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