Market Analysis from GoldSeek.com, SilverSeek.com & CapitalUpdates.com:

With no major economic reports and the bond market closed on Friday in observance of Veteran’s Day, there was little for investors to react on and most aspects the markets remained mixed and near unchanged throughout trade.  Next week’s economic highlights include PPI and Retail Sales on Tuesday, CPI and Net Foreign Purchases on Wednesday, and Building Permits, Housing Starts, and the Philadelphia Fed on Thursday.

This week’s economic reports:

Note: COT Reports are delayed until Monday November 14, 2005 in observance of Veteran's Day.

Gold traded mostly slightly lower in Asia and London before rising in later New York trade and ending near its highs of the session with a decent gain.  Silver traded mixed and near unchanged in Asia and London before also rising in late New York trade and ending near its highs with a nice gain.  Platinum made new 25 and ½ year highs and gained $12 to $965 and Palladium made new 17 month highs and gained $8 to $246.  Copper made new all-time highs above $1.90 per pound.

Gold and silver equities started off mixed Friday morning before rising throughout the afternoon and closing near their highs with almost 3% gains.

More Precious Metals Analysis:

“Volatile trade action in January platinum continued on Friday, but price breaks were met with strong buying which pushed the market into higher territory. Tightening platinum supplies combined with growing demand from the European auto sector is the bullish mix that should propel the market to $1,000/oz. Funds continued to be active buyers Friday. Dec gold saw a choppy trade, but was pulled up by strength in platinum & copper. Bullish chart setup points to a test of 475. Gold continues to gain on safe haven and physical buying while seeing little negative influence from a weak Euro and energy complex.” - The Hightower Report, Futures Analysis and Forecasting

The U.S. dollar index fell slightly from 23 month highs on profit taking as the euro made new 23 month lows and the yen remained near 26 month lows.

Oil fell to new 3 and ½ month lows on Friday as OPEC came out with increased capacity projections.  Mild weather and increasing supplies continue to drive this market.

Treasuries were closed on Friday in observance of Veteran’s Day.

The Dow, Nasdaq, and S&P gained throughout the day in quiet trade as traders watched oil fall to new lows.

Among the big names making news in the market Friday were Clear Channel Outdoor, GM, Six Flags, United, DaimlerChrysler and Sachs, the NYSE and NASD, Refco, and Silver Lake and Serena.

Gold & Silver Stock News Update from GoldReview.com:

Kinross Gold’s update on late financial statement filings and plenty of Junior and Exploration news were among the big stories in the gold and silver mining industry making headlines Friday.

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- Written by Chris Mullen

Winners & Losers tracks NYSE and AMEX listed stocks that trade over $1.

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