RSD Weekly Recap: Mawson Resources (TSX: MAW), Chilean Metals (TSX-V: CMX)

February 6, 2018

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

It’s been a fun couple of days in the markets, unless you’ve never been through a pullback in which case welcome to the stock market.

Gold closed at $1,330 for a weekly loss of approximately 1.4%.

Silver was down over 5% for the week, closing at $16.50 an ounce.

The dollar slipped below the $89 level before closing at $89.16.

Copper lost a couple of cents, closing at $3.18/lb.

Platinum closed at $987 an ounce for a weekly loss of 2.3%.

Palladium closed at $1,038 an ounce for a weekly loss of 4%.

Zinc closed at $1.61/lb. for a weekly gain of 3.2%.

Like copper I like the recent consolidation, I like the supply-demand fundamentals and the bottom line is there are not a lot of quality juniors that merit even speculation capital. This makes it easier to pick some good names.

Oil closed at $65.06 per barrel for a weekly loss of approximately 1.6%.

Uranium closed at $22.50/lb. down 1%.

Uranium continues to float above $20, waiting for the next catalyst.

Mawson Resources (TSX: MAW) CEO Michael Hudson provided an exploration update on the many targets at its district-scale land package in Finland.

Another company with a tiny market cap and very prospective exploration targets is Chilean Metals (TSX-V: CMX).

Chairman Terry Lynch went over the projects in Chile and Nova Scotia and also explained the royalty agreement with Teck that could provide a significant income stream the company can use to drill the many targets the team at Chilean has outlined.

It should be a very interesting rest of the week. I expected a lot of volatility in 2018 and whether you’re in cannabis, crypto or blue chip stocks we are off to a great start on the volatility front.

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

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Name Last Change
DOW 27773.40 0.17%
S&P 500 3103.47 0.16%
NASDAQ 8506.21 0.24%
TSX 16998.84 0.04%
TSX-V 528.62 0.00%

Resource Commodities

Name Last Change
Gold 1465.06 0.63%
Silver 17.12 0.23%
Copper 2.65 2.647
Platinum 901.00 0.67%
Oil 57.11 3.33%
Natural Gas 2.56 1.91%
Uranium 25.88 0.00%