May 7: Gold and Silver End Slightly Lower
Gold fell to $1632.98 at around 11AM EST before it bounced back higher midday, but it still ended with a loss of 0.23%. Silver slipped to as low as $29.665 before it also rebounded, but it still ended with a loss of 0.76%.
Euro gold fell to about €1255, platinum gained $0.75 to $1523.75, and copper gained 4 cents to about $3.76.
Gold and silver equities traded mostly slightly lower and ended with about 1% losses.
There are no major economic reports due out tomorrow.
Charts Courtesy of http://finance.yahoo.com/
Oil fell on worries about Europe’s debt crisis.
The U.S. dollar index and treasuries rose in early trade on worries over political moves in Europe over the weekend, but those moves pared back to almost unchanged by the close.
The Dow, Nasdaq, and S&P reversed early losses and ended mixed as worries over Europe were offset by encouraging words from Warren Buffett.
Among the big names making news in the market today were Facebook, Google, Toyota, Dish Network, UBS and AIG.
As of close of business: 5/04/2012
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx)
SPDR® Gold Shares
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 180.13: No change from Thursday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,585.83: +48.3 change from Thursday’s data.
Almaden’s (AAU) drill results, Goldcorp’s (GG) dividend, Brigus gold’s (BRD) Notes sale, Allied Nevada’s (ANV) first quarter results, Coeur’s (CDE) first quarter results, and SilverCrest’s (SVL.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
XPL +4.69% $1.34
PZG +2.2% $2.30
1. Allied Nevada
ANV -10.72% $25.40
XG -8.52% $3.22
3. Tanzanian Royalty
TRX -7.50% $4.07
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.
- Chris Mullen, Gold Seeker Report
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