-- Published: Monday, 1 December 2014 | Print | Disqus
Gold dropped $24.17 to $1142.83 at the open of trade last night, but it then climbed back higher throughout most of the rest of trade and ended near its early afternoon high of $1220.22 with a gain of 3.91%. Silver slipped to as low as $14.436 at one point, but it then rose to as high as $16.75 and ended with a gain of 6.67%.
Euro gold rose to about €972, platinum gained $39 to $1237, and copper climbed 6 cents to about $2.93.
Gold and silver equities climbed about 4% in the first fifteen minutes of trade before they pared back a bit midmorning, but they then climbed to new highs in afternoon action and ended with about 7% gains.
Black Friday Fizzles With Consumers as Sales Tumble 11% Bloomberg
Fed rattled by elusive inflation, but loath to sound alarm yet Reuters
Tomorrow at 10AM EST brings Construction Spending for October expected at 0.6%.
Charts Courtesy of http://finance.yahoo.com/
Oil bounced back from last week’s 5-year lows on worries about shale output.
The U.S. dollar dropped on profit taking.
Treasuries saw slight losses on better than expected economic data.
The Dow, Nasdaq, and S&P fell on disappointing retail sales reports.
Among the big names making news in the market today were IBM, Berkshire Hathaway, and Sony.
CNBC Europe interviews GATA secretary and Hinde Capital's Davies
Bron Suchecki: How historic is this negative GOFO?
Avery Goodman: India is back and that's more important to gold than Swiss vote
Zero Hedge: Biggest monthly withdrawal of custodial gold from NY Fed since 2001
Activity from: 11/28/2014
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) AND Mexico Stock Exchange (BMV)
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
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.80.
Silver Trust (SLV) Total Tonnes in Trust: 10,822.60.
Goldcorp’s (GG) dividend, Midway’s (MDW) project finance facility, Rio Alto’s (RIOM) project capex estimate, Aurcana’s (AUN.V) third quarter results, First Majestic’s (AG) appeal dismissal, and Santacruz Silver’s (SCZ.V) amended Pre-paid Silver Purchase Agreement were among the big stories in the gold and silver mining industry making headlines today.
1. Allied Nevada
ANV +18.49% $1.73
BVN +13.84% $10.53
3. New Gold
NGD +13.72% $4.56
LODE -9.09% $1.00
ASM -7.80% $1.30
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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-- Published: Monday, 1 December 2014 | E-Mail | Print | Source: GoldSeek.com