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

RSD Weekly Recap: Midas Gold (TSX: MAX)

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

I hope everyone had a great 4^th of July.

Gold is off to a rough start this week, breaking below its 200-day moving average. This follows a tough last week that saw gold close at $1,241 for a weekly loss of just over 1%.

Silver lost approximately 0.4%, closing at $16.60, and is flirting with breaking below the $16 level.

Platinum lost $6, closing at $922 and palladium closed at $840 for a weekly loss of nearly 2%.

The base metals surged. Copper closed at $2.68, hitting a two-and-a-half-month high.

Zinc continued higher, adding 0.4% for the week and closing at $1.26/lb.

Oil is putting in a good rebound, closing at $46.23 for a weekly gain of nearly 7%.

Uranium once again traded mostly flat but did hold the $20/lb. level.

I visited the Midas Gold (TSX: MAX) site in Idaho and talked with Laurel Sayer about why even environmentalists are excited about the Stibnite Gold Project. Click here for Part I & Part II of my interview.