RSD Weekly Recap: New Orleans Investment Conference, Mawson Resources (TSX: MAW), Medalist Capital’s Stephen Sandusky
This is Gerardo Del Real with the Resource Stock Digest weekly recap New Orleans edition.
Gold posted a weekly loss of 0.6%, closing at $1,273 an ounce.
Silver also closed lower, settling at $16.84 for a weekly loss of 1%.
The dollar has rallied as I expected, closing at 94.88 for a weekly gain of 1.2%.
Copper started the week strong but gave it all back by the end of the week, closing at $3.10/lb. for a weekly loss of 1.3%.
Platinum closed at $915 an ounce, down 0.8% for the week.
Palladium was relatively flat, losing $3 and closing at $960 an ounce.
Zinc closed the week at $1.46/lb.
Oil hit a year-to-date high of $54.19/barrel, gaining approximately 5% while Brent also surged and closed at the $60 level.
Another uneventful week in the uranium space as uranium closed at $20.13/lb., losing $0.12 cents.
Lots of buzz at the New Orleans Investment Conference. It seemed like everyone had a question or comment about cryptocurrencies.
Outsider Club founder, co-owner of this site and editor of several premium publications, Nick Hodge gave a very well received presentation called “Bizarro World.” The presentation is inspired by an article Nick penned earlier this year.
We found out several facts. Among them we learned that Kardashian butts are fake, the electrification trend is real and a mega-trend that will alter the fundamentals of several metals including copper, cobalt and lithium.
Nick and I also held a workshop titled “The Good, the Bad and Ugly in the Junior Mining Space.” It was fun taking questions and chatting with many of you during the conference. We look forward to it next year.
Mawson Resources (TSX: MAW) has been on a tear. The company reported high-grade samples — to the tune of 2,375 g/t gold in outcrop — at the newly discovered East Rompas gold prospect.
I spoke with CEO Michael Hudson who provided the details of the new discovery and updated progress at the project.
I also had the opportunity to chat with Medalist Capital partner Stephen Sandusky.
Stephen went over the merits of the past-producing Beartrack project which Revival Gold currently has two drills on.
Beartrack benefits from a historic resource of 1.6 million gold ounces between two projects, excellent infrastructure, a great jurisdiction — it’s in Idaho — and one of the most competent and professional teams in the business. Keep Revival on your list.
That’s all for this week. This is Gerardo Del Real with Resource Stock Digest.