RSD Weekly Recap: Year-end Metal Prices and Almaden Minerals (TSX: AMM) Interview

January 3, 2017

This is Gerardo Del Real with the Resource Stock Digest Weekly Recap.

I hope everyone had an excellent holiday and I wish all of you a prosperous 2017.

Gold closed the year up 9%, the best gain since 2012, closing the year at approximately $1,157 an ounce. Gold was still down around 1.5% for December and I still expect lower prices before it turns back up.

Silver closed the year at $16.08 an ounce, a 2% drop for the week but a 17% gain for the year.

The dollar closed above the 102 level for the year, its strongest showing since 2002. Expect a higher dollar this year.

Copper closed the year at $2.51/lb. up approximately 16% for the year. Zinc closed at $1.15 per pound.

Platinum closed the year up approximately 1.6% for the year while palladium gained almost 21% in 2017.

Uranium closed out 2016 at approximately $20.63 per pound while Brent Crude closed the year up 52%.

A quiet week on the news front the last trading week of the month didn’t stop Almaden Minerals (TSX: AMM)(NYSE: AAU). Almaden continued to deliver great results from its gold-silver Ixtaca deposit. I spoke with (interview hereAlmaden CEO Morgan Poliquin about the results and what to expect from Almaden in 2017.

We’re expecting a very busy 2017 that will be a pivotal year in the precious metals space, currency markets and on the geopolitical front.

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Name Last Change
DOW 27219.50 0.14%
S&P 500 3007.39 0.07%
NASDAQ 8176.71 0.22%
TSX 16682.42 0.23%
TSX-V 589.16 0

Resource Commodities

Name Last Change
Gold 1483.20 0.94%
Silver 17.36 3.97%
Copper 2.68 2.681
Platinum 901.00 0.67%
Oil 54.85 0.44%
Natural Gas 2.61 1.53%
Uranium 25.05 0.00%