RSD Weekly Recap: Fission Uranium (TSX: FCU), Riverside Resources (TSX-V: RRI)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold settled higher for the second week in a row on the back of a weaker dollar that broke below the critical 100 level.
Gold closed at $1,248 per ounce, good for a weekly gain of 1.5%. Silver also closed higher adding nearly 2% and closing at $17.74 per ounce.
The dollar meanwhile closed down 0.7% mainly due to the perception that the Trump administration may be better at tweeting about governing than actually governing.
Copper closed at $2.63/lb., a weekly decline of 2.3%. Platinum however added 0.5% for the week closing at $967 per ounce while palladium surged 5.8% for the week closing at $813 per ounce.
West Texas Intermediate crude closed at $47.97 a barrel, a weekly decline of 1.7%.
Uranium closed at the $24/lb. level while zinc closed at $1.27/lb.
Here at Resource Stock Digest we caught up (click for interview) with Fission Uranium President Ross McElroy to go over the new high-grade discovery at the world class PLS project.
I also had the opportunity to speak with (click for interview) Riverside Resources CEO John-Mark Staude about the most recent trench results at the Glor gold project.
That’s all for this week. This is Gerardo Del Real with Resource Stock Digest.