Gold crashed down to $1086.81 in early Asian trade before it bounced back to $1117.48 by a little before 4AM EST, but it then drifted back lower again in London and New York and ended with a loss of 2.71%.Silver slipped to as low as $14.57 and ended with a loss of 1.21%.
"Gold Standard Ventures Corp.'s Railroad-Pinion project is located in close proximity to various producing and development stage mines, which we believe positions Gold Standard as a strong candidate for an eventual takeover. We are assuming coverage of the company with a Buy rating and a $1.20/share price target." - Heiko Ihle, Rodman & Renshaw
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
696.252
22,385,184
US$25,352m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
138.13
4,441,056
US$4,914m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
152.66
4,908,200
US$5,429m
Australian Stock Exchange (ASX)
Gold Bullion Securities
11.16
358,789
US$397m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
27.05
869,629
US$985m
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 11.626 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.76: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,227.90: +38.62 change from yesterday’s data.
Barrick’s (ABX) debt, Randgold’s (GOLD) quarterly update, Barrick’s (ABX) responsibility report, Entree Gold’s (EGI) plans to acquire a net smelter returns royalty, Royal Gold’s (RGLD) acquired gold and silver stream from New Gold (NGD), Primero’s (PPP) exploration update, Kirkland’s (KGI.TO) last trading day on the AIM, IAMGOLD’s (IAG) drill results, Silver Bear’s (SBR.TO) AGM results, Bear Creek’s (BCM.V) filed technical report, and Avino’s (ASM) sampling results were among the big stories in the gold and silver mining industry making headlines today.
No “winners” today.
LOSERS
1.Alamos
AGI -18.25% $3.36
2.Seabridge
SA -15.74% $4.23
3.Barrick
ABX -15.70% $7.41
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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Gold Seeker Closing Report: Gold Falls Nearly 3% and Silver Slips 1%
