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

December 18, 2018

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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.

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Small Cap Stock Digest



Name Last Change
DOW 26854.60 0.14%
S&P 500 2970.03 0.01%
NASDAQ 8061.10 0.05%
TSX 16415.16 0.05%
TSX-V 540.76 0.00%

Resource Commodities

Name Last Change
Gold 1492.38 0.51%
Silver 17.65 1.02%
Copper 2.63 2.628
Platinum 901.00 0.67%
Oil 54.70 2.10%
Natural Gas 2.21
Uranium 24.88 0.00%