Agnico-Eagle (NYSE:AEM), Aurizon Mines (AMEX:AZK), Golden Star Resources (AMEX:GSS), Royal Gold (Nasdaq:RGLD) and Gammon Gold (NYSE:GRS) closed up as gold price records continue be broken.
Gold futures soared past $1,550 an ounce Friday as investors looked for an alternative to the U.S. dollar, which continues to collapse.
The most-actively traded gold contract, for June delivery climbed $25.20, or 1.6 percent, to settle at a record $1,556.40 a troy ounce on the Comex division of the New York Mercantile Exchange.
It roared past its intraday peak to $1,569.80 in electronic trading after the close. May gold rose $25.20, or 1.6 percent, to end at a nearby record $1,556.00. Measured by percent and the U.S. dollar, it's the largest monthly gains since November 2009.
Most-active July silver jumped $1.058, or 2.2%, to a record settlement of $48.599 a troy ounce, while the May contract rose $1.064, or 2.2 percent, to $48.584, just short of its all-time settlement high of $48.70 hit on January 17, 1980. In April, the May silver contract rallied $10.712, or 28.3 percent, to its biggest monthly U.S. dollar gain in Comex history.
The ICE Futures U.S. Dollar Index was down 0.2 percent on Friday, increasing demand for the dollar-denominated precious metals by making them less expensive for foreign buyers.
Inflation concerns in America, Europe, China and Russia also has contributed to the jump in gold prices.
Other factors affecting gold and silver are the collapsing U.S. dollar, sovereign debt crisis in Europe, unrest in the Middle East and consequences of the Japanese earthquake.
Showing posts with label Gold Futures. Show all posts
Showing posts with label Gold Futures. Show all posts
Monday, May 2, 2011
Tuesday, April 26, 2011
Kinross (KGC) (GSS) (AU) (AUY) Close Down as Gold Breaks Another All-Time Record
Gold and silver prices are continuing their upward move, even as gold miners Golden Star Resources (AMEX:GSS), Yamana Gold (NYSE:AUY), AngloGold Ashanti (NYSE:AU) and Kinross Gold Corp. (NYSE:KGC) all closed down, as it seems investors took some profits as the yellow metal continued its upward run.
Gold closed at a new high, jumping $5.30 to settle at $1,509.10 an ounce at the Comex division of the New York Mercantile Exchange. Gold had ended the session above $1,500 for the first time last Thursday.
Today's Gold trading had the Globex June Gold contract trading at $1519.20 before a profit taking sell-off mid to latter part of the trading session.
Silver prices soared to a 31-year high again, settling at $47.15, up $1.09 for the day, or 2.4 percent. April silver futures in New York traded as high as $49.10 an ounce but dropped to close at $47.15 mark.
The more active May silver contract soared just shy of the $50 level, trading as high as $49.82 before falling back.
An incredible number of silver and gold contracts were sold Monday, reaching 109,000 for gold and 199,000 for silver. Silver prices were volatile, moving in a $4.18 range.
The majority of this is based upon the collapsing U.S. dollar, tightening in China, sovereign debt crisis in Europe, unrest in the Middle East, deepening inflation and consequences of the Japanese earthquake.
The DXY index of the U.S. dollar's value against a basket six other major currencies dropped 0.2 percent to 73.99, its lowest level since August 2008. It's down 6.4 percent so far in 2011.
Gold closed at a new high, jumping $5.30 to settle at $1,509.10 an ounce at the Comex division of the New York Mercantile Exchange. Gold had ended the session above $1,500 for the first time last Thursday.
Today's Gold trading had the Globex June Gold contract trading at $1519.20 before a profit taking sell-off mid to latter part of the trading session.
Silver prices soared to a 31-year high again, settling at $47.15, up $1.09 for the day, or 2.4 percent. April silver futures in New York traded as high as $49.10 an ounce but dropped to close at $47.15 mark.
The more active May silver contract soared just shy of the $50 level, trading as high as $49.82 before falling back.
An incredible number of silver and gold contracts were sold Monday, reaching 109,000 for gold and 199,000 for silver. Silver prices were volatile, moving in a $4.18 range.
The majority of this is based upon the collapsing U.S. dollar, tightening in China, sovereign debt crisis in Europe, unrest in the Middle East, deepening inflation and consequences of the Japanese earthquake.
The DXY index of the U.S. dollar's value against a basket six other major currencies dropped 0.2 percent to 73.99, its lowest level since August 2008. It's down 6.4 percent so far in 2011.
Monday, April 25, 2011
Harmony (HMY) (UXG) (EGO) (AEM) Close Mixed Thursday as Gold Prices Break New Record
Gold futures hit another record high on Thursday, as gold gold for June delivery settled up $4.90 at $1,503.80 an ounce on the Comex. That was a new settlement high. The contract also reached an intraday high at $1,509.60 an ounce earlier in the day. Gold miners Eldorado Gold (NYSE:EGO), US Gold (AMEX:UXG), Agnico-Eagle (NYSE:AEM) and Harmony Gold Mining (NYSE:HMY) closed mixed Thursday as most have been running up with the breaking of gold price records on a daily basis recently.
Silver settled at a 31-year high just over $46 an ounce. The most active Thursday silver contract, for May delivery, settled at a record $46.059 a troy ounce, up $1.598 or $3.6 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high of $50.36 an ounce, set in 1980.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other important factors include tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East, deepening inflation and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns increased the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains, while spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
Agnico-Eagle closed Thursday at $68.03, jumping $0.59, or 0.87 percent. Eldorado Gold Corporation ended the day at $18.06, climbing $0.02, or 0.11 percent. US Gold closed at $9.51, falling $0.07, or 0.73 percent. Harmony Gold Mining ended the session at $15.42, up $0.407, or 2.66 percent.
Silver settled at a 31-year high just over $46 an ounce. The most active Thursday silver contract, for May delivery, settled at a record $46.059 a troy ounce, up $1.598 or $3.6 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high of $50.36 an ounce, set in 1980.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other important factors include tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East, deepening inflation and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns increased the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains, while spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
Agnico-Eagle closed Thursday at $68.03, jumping $0.59, or 0.87 percent. Eldorado Gold Corporation ended the day at $18.06, climbing $0.02, or 0.11 percent. US Gold closed at $9.51, falling $0.07, or 0.73 percent. Harmony Gold Mining ended the session at $15.42, up $0.407, or 2.66 percent.
Fortuna (FVITF) (SLW) (SSRI) (MGN) Close Mixed Thursday as Silver Prices Reach 31-Year High
Silver miners and companies Silver Wheaton (NYSE:SLW), Silver Standard Resources (NASDAQ:SSRI), Mines Management (AMEX:MGN) and Fortuna (OTC:FVITF.PK) closed mixed Thursday as most have been running up with soaring silver prices, which ended the week with silver settling at a 31-year high of just over $46 an ounce. The most active Thursday silver contract, for May delivery, settled at a record $46.059 a troy ounce, up $1.598 or $3.6 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high of $50.36 an ounce, set in 1980.
Gold futures hit another record high on Thursday, as gold gold for June delivery settled up $4.90 at $1,503.80 an ounce on the Comex. That was a new settlement high. The contract also reached an intraday high at $1,509.60 an ounce earlier in the day.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other key influences include deepening inflation, tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns has boosted the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains. Spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
Fortuna Silver closed Thursday at $6.35, gaining $0.09, or 1.48 percent. Mines Management ended the day at $2.72, falling $0.01, or 0.37 percent. Silver Standard Resources closed at $35.02, climbing $0.30, or 0.86 percent. Silver Wheaton ended the session at $42.36, jumping $0.66, or 1.58 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high of $50.36 an ounce, set in 1980.
Gold futures hit another record high on Thursday, as gold gold for June delivery settled up $4.90 at $1,503.80 an ounce on the Comex. That was a new settlement high. The contract also reached an intraday high at $1,509.60 an ounce earlier in the day.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other key influences include deepening inflation, tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns has boosted the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains. Spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
Fortuna Silver closed Thursday at $6.35, gaining $0.09, or 1.48 percent. Mines Management ended the day at $2.72, falling $0.01, or 0.37 percent. Silver Standard Resources closed at $35.02, climbing $0.30, or 0.86 percent. Silver Wheaton ended the session at $42.36, jumping $0.66, or 1.58 percent.
Randgold (GOLD) (GFI) (TRE) (JAG) Close Up Thursday as Gold Prices Break New Record
Gold futures hit another record high on Thursday, as gold gold for June delivery settled up $4.90 at $1,503.80 an ounce on the Comex. That was a new settlement high. The contract also reached an intraday high at $1,509.60 an ounce earlier in the day. Gold miners Randgold (NASDAQ:GOLD), Jaguar Mining (NYSE:JAG), Tanzanian Royalty Exploration (AMEX:TRE) and Gold Fields (NYSE:GFI) closed up Thursday as most have been running up with the breaking of gold price records on a daily basis recently.
Silver settled at a 31-year high just over $46 an ounce. The most active Thursday silver contract, for May delivery, settled at a record $46.059 a troy ounce, up $1.598 or $3.6 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high of $50.36 an ounce, set in 1980.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other important factors include tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East, deepening inflation and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns increased the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains, while spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
Randgold closed Thursday at $87.20, jumping $0.30, or 0.35 percent. Jaguar Mining ended the day at $5.94, climbing $0.04, or 0.68 percent. Tanzanian Royalty Exploration closed at $6.36, rising $0.04, or 0.63 percent. Gold Fields ended the session at $17.95, up $0.07, or 0.39 percent.
Silver settled at a 31-year high just over $46 an ounce. The most active Thursday silver contract, for May delivery, settled at a record $46.059 a troy ounce, up $1.598 or $3.6 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high of $50.36 an ounce, set in 1980.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other important factors include tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East, deepening inflation and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns increased the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains, while spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
Randgold closed Thursday at $87.20, jumping $0.30, or 0.35 percent. Jaguar Mining ended the day at $5.94, climbing $0.04, or 0.68 percent. Tanzanian Royalty Exploration closed at $6.36, rising $0.04, or 0.63 percent. Gold Fields ended the session at $17.95, up $0.07, or 0.39 percent.
Barrick (ABX) (AZK) (GRS) (AU) Close Mixed Thursday as Gold Prices Break New Record
Gold futures hit another record high on Thursday, as gold gold for June delivery settled up $4.90 at $1,503.80 an ounce on the Comex. That was a new settlement high. The contract also reached an intraday high at $1,509.60 an ounce earlier in the day. Gold miners Aurizon Mines (AMEX:AZK), Barrick Gold (NYSE:ABX), Gammon Gold (NYSE:GRS) and AngloGold Ashanti (NYSE:AU) closed mixed Thursday asr most have been running up with the breaking of gold price records on a daily basis recently.
Silver settled at a 31-year high just over $46 an ounce. The most active Thursday silver contract, for May delivery, settled at a record $46.059 a troy ounce, up $1.598 or $3.6 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high of $50.36 an ounce, set in 1980.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other important factors include tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East, deepening inflation and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns increased the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains, while spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
AngloGold Ashanti closed Thursday at $49.98, jumping $0.24, or 0.48 percent. Gammon Gold ended the day at $10.78, closing level with the prior trading day. Barrick Gold closed at $55.63, rising $0.82, or 1.50 percent. Aurizon Mines ended the session at $6.76, up $0.08, or 1.17 percent.
Silver settled at a 31-year high just over $46 an ounce. The most active Thursday silver contract, for May delivery, settled at a record $46.059 a troy ounce, up $1.598 or $3.6 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high of $50.36 an ounce, set in 1980.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other important factors include tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East, deepening inflation and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns increased the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains, while spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
AngloGold Ashanti closed Thursday at $49.98, jumping $0.24, or 0.48 percent. Gammon Gold ended the day at $10.78, closing level with the prior trading day. Barrick Gold closed at $55.63, rising $0.82, or 1.50 percent. Aurizon Mines ended the session at $6.76, up $0.08, or 1.17 percent.
Hecla (HL) (GPL) (PAAS) (AG) (AXU) Close Mixed Thursday as Silver Prices Reach 31-Year High
Silver miners Great Panther (AMEX:GPL), First Majestic (NYSE:AG), Hecla Mining (NYSE:HL) and Alexco Resource (AMEX: AXU) closed mixed Thursday as most have been running up with soaring silver prices, which ended the week with silver settling at a 31-year high of just over $46 an ounce. The most active Thursday silver contract, for May delivery, settled at a record $46.059 a troy ounce, up $1.598 or $3.6 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high of $50.36 an ounce, set in 1980.
Gold futures hit another record high on Thursday, as gold gold for June delivery settled up $4.90 at $1,503.80 an ounce on the Comex. That was a new settlement high. The contract also reached an intraday high at $1,509.60 an ounce earlier in the day.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other key influences include deepening inflation, tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns has boosted the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains. Spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
Alexco Resource closed Thursday at $10.17, gaining $0.21, or 2.11 percent. Hecla ended the day at $9.46, rising $0.24, or 2.60 percent. First Majestic closed at $23.31, dropping $0.39, or 1.65 percent. Great Panther ended the session at $3.92, losing $0.08, or 2.00 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high of $50.36 an ounce, set in 1980.
Gold futures hit another record high on Thursday, as gold gold for June delivery settled up $4.90 at $1,503.80 an ounce on the Comex. That was a new settlement high. The contract also reached an intraday high at $1,509.60 an ounce earlier in the day.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other key influences include deepening inflation, tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns has boosted the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains. Spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
Alexco Resource closed Thursday at $10.17, gaining $0.21, or 2.11 percent. Hecla ended the day at $9.46, rising $0.24, or 2.60 percent. First Majestic closed at $23.31, dropping $0.39, or 1.65 percent. Great Panther ended the session at $3.92, losing $0.08, or 2.00 percent.
Ivanhoe (IVN) (SA) (RGLD) (KGC) Close Mixed Thursday as Gold Prices Break New Record
Gold futures hit another record high on Thursday, as gold gold for June delivery settled up $4.90 at $1,503.80 an ounce on the Comex. That was a new settlement high. The contract also reached an intraday high at $1,509.60 an ounce earlier in the day. Gold miners Seabridge Gold (Amex:SA), Royal Gold (Nasdaq:RGLD), Ivanhoe Mines Ltd. (NYSE:IVN) and Kinross Gold Corp (NYSE:KGC) closed mixed Thursday after most have been running up with the breaking of gold price records on a daily basis recently.
Silver settled at a 31-year high just over $46 an ounce. The most active Thursday silver contract, for May delivery, settled at a record $46.059 a troy ounce, up $1.598 or $3.6 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high fo $50.36 an ounce, set in 1980.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other important factors include tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East, deepening inflation and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns increased the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains, while spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
Kinross Gold Corp. closed Thursday at $15.35, dropping $0.02, or 0.13 percent. Ivanhoe Mines Ltd. ended the day at $26.66, gaining $0.42, or 1.60 percent. Royal Gold closed at $60.20, rising $1.87, or 3.21 percent. Seabridge Gold ended the session at $33.62, falling $0.17, or 0.50 percent.
Silver settled at a 31-year high just over $46 an ounce. The most active Thursday silver contract, for May delivery, settled at a record $46.059 a troy ounce, up $1.598 or $3.6 percent.
The front-month contract, for April delivery, settled up $1.597, or 3.4 percent, at $46.062 a troy ounce, a 31-year high. Silver is quickly approaching its record high fo $50.36 an ounce, set in 1980.
A collapsing U.S. dollar continues to be a major part of the gold and silver price story, as the U.S. government refuses to cut spending and limit its size, while the Federal Reserve endlessly has its digital printing presses running, pushing down the value of the greenback.
The dollar index .DXY fell 0.4 percent to 74.092 after falling to 73.735, its lowest level since August 2008.
Other important factors include tightening in China, sovereign debt crisis in Europe, sovereign debt crisis in America, unrest in the Middle East, deepening inflation and impact of the Japanese earthquake.
The weak U.S. dollar and inflation concerns increased the attraction of gold. Spot gold XAU= hit a record high at $1,508.75 before cutting gains, while spot silver XAG= jumped to a 31-year high at $46.68 an ounce.
Spot gold prices rose during the first quarter from $1,380 an ounce on January 3 to $1,430 on March 31.
Kinross Gold Corp. closed Thursday at $15.35, dropping $0.02, or 0.13 percent. Ivanhoe Mines Ltd. ended the day at $26.66, gaining $0.42, or 1.60 percent. Royal Gold closed at $60.20, rising $1.87, or 3.21 percent. Seabridge Gold ended the session at $33.62, falling $0.17, or 0.50 percent.
Tuesday, April 19, 2011
US Gold (UXG) (AZK) (TRE) (AEM) Close Mixed Even as Gold Prices Soar to Record High Again
While gold prices reached new all-time highs on Monday, that wasn't the direction for most gold companies, such as Aurizon Mines (AMEX:AZK), US Gold (AMEX:UXG), Agnico-Eagle (NYSE:AEM) and Tanzanian Royalty Exploration (AMEX:TRE), which closed mixed on the day.
Spot gold jumped as high as $1,497.20 an ounce Monday after Standard & Poor’s downgraded its credit outlook for the United States, revealing the risks associated with its own sovereign debt crisis.
U.S. gold futures for June delivery settled up $6.90 an ounce at $1,492.90.
The sovereign debt crisis in Europe continues to boost gold as well, as the euro and U.S. dollar continue to face pressures on out-of-control government spending and refusal to make meaningful spending cuts.
Global inflation and unrest in the Middle East also continue to be major factors in the gold price equation.
As to why most gold miners have been pulling back, a lot of that is based on the fact the majority of the miners are based in Canada, and so the weaker U.S. dollar as it relates to the Canadian dollar is a major factor a lot of investors in gold companies don't take into account.
Agnico-Eagle closed Monday at $63.60, dropping $1.64, or 2.51 percent. US Gold closed at $9.15, falling $0.26, or 2.76 percent. Tanzanian Royalty Exploration ended the day at $6.34, gaining $0.02, or 0.32 percent. Aurizon Mines closed at $6.70, losing $0.08, or 1.18 percent.
Spot gold jumped as high as $1,497.20 an ounce Monday after Standard & Poor’s downgraded its credit outlook for the United States, revealing the risks associated with its own sovereign debt crisis.
U.S. gold futures for June delivery settled up $6.90 an ounce at $1,492.90.
The sovereign debt crisis in Europe continues to boost gold as well, as the euro and U.S. dollar continue to face pressures on out-of-control government spending and refusal to make meaningful spending cuts.
Global inflation and unrest in the Middle East also continue to be major factors in the gold price equation.
As to why most gold miners have been pulling back, a lot of that is based on the fact the majority of the miners are based in Canada, and so the weaker U.S. dollar as it relates to the Canadian dollar is a major factor a lot of investors in gold companies don't take into account.
Agnico-Eagle closed Monday at $63.60, dropping $1.64, or 2.51 percent. US Gold closed at $9.15, falling $0.26, or 2.76 percent. Tanzanian Royalty Exploration ended the day at $6.34, gaining $0.02, or 0.32 percent. Aurizon Mines closed at $6.70, losing $0.08, or 1.18 percent.
Ivanhoe (IVN) (NCMGY) (JAG) (EGO) Close Down Even as Gold Prices Soar to Record High Again
Even though gold prices reached new all-time highs on Monday, that wasn't the direction for most gold companies, such as Newcrest Mining (OTC:NCMGY.PK), Ivanhoe Mines Ltd. (NYSE:IVN), Eldorado Gold Corporation (NYSE:EGO) and Jaguar Mining (NYSE:JAG), which all closed down on the day.
Spot gold jumped as high as $1,497.20 an ounce Monday after Standard & Poor’s downgraded its credit outlook for the United States, revealing the risks associated with its own sovereign debt crisis.
U.S. gold futures for June delivery settled up $6.90 an ounce at $1,492.90.
The sovereign debt crisis in Europe continues to boost gold as well, as the euro and U.S. dollar continue to face pressures on out-of-control government spending and refusal to make meaningful spending cuts.
Global inflation and unrest in the Middle East also continue to be major factors in the gold price equation.
As to why most gold miners have been pulling back, a lot of that is based on the fact the majority of the miners are based in Canada, and so the weaker U.S. dollar as it relates to the Canadian dollar is a major factor a lot of investors in gold companies don't take into account.
Ivanhoe Mines Ltd. closed Monday at $25.65, dropping $0.95, or 3.57 percent. Jaguar Mining closed at $4.98, falling $0.14, or 2.73 percent. Newcrest Mining ended the day at $43.15, down $0.73, or 1.66 percent. Eldorado Gold Corporation closed at $17.76, losing $0.30, or 1.66 percent.
Spot gold jumped as high as $1,497.20 an ounce Monday after Standard & Poor’s downgraded its credit outlook for the United States, revealing the risks associated with its own sovereign debt crisis.
U.S. gold futures for June delivery settled up $6.90 an ounce at $1,492.90.
The sovereign debt crisis in Europe continues to boost gold as well, as the euro and U.S. dollar continue to face pressures on out-of-control government spending and refusal to make meaningful spending cuts.
Global inflation and unrest in the Middle East also continue to be major factors in the gold price equation.
As to why most gold miners have been pulling back, a lot of that is based on the fact the majority of the miners are based in Canada, and so the weaker U.S. dollar as it relates to the Canadian dollar is a major factor a lot of investors in gold companies don't take into account.
Ivanhoe Mines Ltd. closed Monday at $25.65, dropping $0.95, or 3.57 percent. Jaguar Mining closed at $4.98, falling $0.14, or 2.73 percent. Newcrest Mining ended the day at $43.15, down $0.73, or 1.66 percent. Eldorado Gold Corporation closed at $17.76, losing $0.30, or 1.66 percent.
Newmont (NEM) (NXG) (HMY) (RGLD) Close Mixed Even as Gold Prices Soar to Record High Again
While gold prices reached new all-time highs on Monday, that wasn't the direction for most gold companies such as Northgate Minerals (AMEX:NXG), Newmont Mining (NYSE:NEM), Royal Gold (Nasdaq:RGLD) and Harmony Gold Mining (NYSE:HMY), which closed mixed on the day.
Spot gold jumped as high as $1,497.20 an ounce Monday after Standard & Poor’s downgraded its credit outlook for the United States, revealing the risks associated with its own sovereign debt crisis.
U.S. gold futures for June delivery settled up $6.90 an ounce at $1,492.90.
The sovereign debt crisis in Europe continues to boost gold as well, as the euro and U.S. dollar continue to face pressures on out-of-control government spending and refusal to make meaningful spending cuts.
Global inflation and unrest in the Middle East also continue to be major factors in the gold price equation.
As to why most gold miners have been pulling back, a lot of that is based on the fact the majority of the miners are based in Canada, and so the weaker U.S. dollar as it relates to the Canadian dollar is a major factor a lot of investors in gold companies don't take into account.
Northgate Minerals closed Monday at $2.91, dropping $0.03, or 1.04 percent. Harmony Gold Mining closed at $14.96, gaining $0.15, or 1.10 percent. Royal Gold ended the day at $56.18, rising $2.41, or 4.48 percent. Newmont Mining closed at $57.87, gaining $0.12, or 0.21 percent.
Spot gold jumped as high as $1,497.20 an ounce Monday after Standard & Poor’s downgraded its credit outlook for the United States, revealing the risks associated with its own sovereign debt crisis.
U.S. gold futures for June delivery settled up $6.90 an ounce at $1,492.90.
The sovereign debt crisis in Europe continues to boost gold as well, as the euro and U.S. dollar continue to face pressures on out-of-control government spending and refusal to make meaningful spending cuts.
Global inflation and unrest in the Middle East also continue to be major factors in the gold price equation.
As to why most gold miners have been pulling back, a lot of that is based on the fact the majority of the miners are based in Canada, and so the weaker U.S. dollar as it relates to the Canadian dollar is a major factor a lot of investors in gold companies don't take into account.
Northgate Minerals closed Monday at $2.91, dropping $0.03, or 1.04 percent. Harmony Gold Mining closed at $14.96, gaining $0.15, or 1.10 percent. Royal Gold ended the day at $56.18, rising $2.41, or 4.48 percent. Newmont Mining closed at $57.87, gaining $0.12, or 0.21 percent.
Friday, February 25, 2011
Hecla Mining (HL), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners (GDXJ) All Up
Miners Hecla Mining (HL), Goldcorp (GG) are moving up today, as well as Market Vectors Gold Miners ETF (GDX) and the Market Vectors Junior Gold Miners (GDXJ), which are all jumping.
Gold futures were down slightly in New York in morning trading with contracts for April delivery at $1,405.60 an ounce. Spot gold was up $3.90 to $1406 an ounce as of 1:16 PM EST.
While a number of analysts believe there has been some downward pressure on the sector because of profit taking and what some assume are better alternatives at this time, there are just as many that see mixed signals and enormous uncertainty in the Middle East, sovereign debt crisis in Europe and soaring inflation as just as powerful factors in determing where capital will flow.
Gold futures were down slightly in New York in morning trading with contracts for April delivery at $1,405.60 an ounce. Spot gold was up $3.90 to $1406 an ounce as of 1:16 PM EST.
While a number of analysts believe there has been some downward pressure on the sector because of profit taking and what some assume are better alternatives at this time, there are just as many that see mixed signals and enormous uncertainty in the Middle East, sovereign debt crisis in Europe and soaring inflation as just as powerful factors in determing where capital will flow.
Wednesday, February 9, 2011
Eldorado Gold (NYSE:EGO), NovaGold (AMEX:NG), Goldcorp (NYSE:GG), Royal Gold (NASDAQ:RGLD) Jump as Gold, Silver Prices Climb
With the boost in gold and silver prices Tuesday, gold companies like Eldorado Gold (NYSE:EGO), NovaGold (AMEX:NG), Goldcorp (NYSE:GG) and Royal Gold (NASDAQ:RGLD) and enjoyed a nice increase in share price.
Gold prices found support even in the midst of china increasing its interest rates again. The market has been neglecting that, mostly because China still continues to operate in a negative interest rate environment even with the increase.
Of course the other side of the equation, which plays to gold's strength is the rising rate of inflation around the world, which is again causing capital to migrate toward gold and silver.
Gold futures rose to $1,367.50 an ounce Tuesday.
Eldorado Gold closed at $16.84, rising $0.38, or 2.31 percent. NovaGold closed Tuesday at $14.80, up $0.19, or 1.30 percent. Goldcorp closed at $42.94, gaining $1.70, or 4.12 percent. Royal Gold ended the session at $48.34, up $0.54, or 1.13 percent.
Gold prices found support even in the midst of china increasing its interest rates again. The market has been neglecting that, mostly because China still continues to operate in a negative interest rate environment even with the increase.
Of course the other side of the equation, which plays to gold's strength is the rising rate of inflation around the world, which is again causing capital to migrate toward gold and silver.
Gold futures rose to $1,367.50 an ounce Tuesday.
Eldorado Gold closed at $16.84, rising $0.38, or 2.31 percent. NovaGold closed Tuesday at $14.80, up $0.19, or 1.30 percent. Goldcorp closed at $42.94, gaining $1.70, or 4.12 percent. Royal Gold ended the session at $48.34, up $0.54, or 1.13 percent.
Monday, January 3, 2011
Yamana Gold (NYSE:AUY), NovaGold Resources (AMEX:NG), Royal Gold (Nasdaq:RGLD), Allied Nevada Gold (AMEX:ANV) in 2010
In this batch of gold companies, it's more mixed than some of the others, as two closed out Friday down and the other two ended positive. They are Yamana Gold (NYSE:AUY), NovaGold Resources (AMEX:NG), Royal Gold (Nasdaq:RGLD) and Allied Nevada Gold (AMEX:ANV). We'll look at how they did overall in 2010.
Spot gold and gold futures ended the year with a bang, as spot gold soared to over $1,420 an ounce.
Yamana Gold ended the year at $12.80, gaining $0.11 on December 31, up 0.87 percent. The company had a 52-week trading range of $9.16 to $13.123. They ended the year with a market cap of $9.49 billion. Yamana continues to frustrate true believers, who continue to think it's vastly undervalued and one of the gold miners expected to break out, but never seems to do it.
NovaGold Resources closed the year out at $14.27, losing $0.11 on the last trading day, down 0.76 percent. The trading range for 2010 was from $4.96 to $16.90. They ended the year with a market cap of $3.22 billion.
Royal Gold, a precious metals royalty company, finished off the year at $54.63, rising $0.23 on Friday, a gain of 0.42 percent. The 2010 trading range for them was $41.19 to $55.22. They closed off the year with a market cap of $3.02 billion.
Allied Nevada Gold ended 2010 at $26.31, losing $0.02 on the final trading day of the year, down 0..08 percent. Their range for the year was $11.57 to $26.79, reaching the top end of the range on December 31. Their market cap heading into 2011 is $2.34 billion.
Spot gold and gold futures ended the year with a bang, as spot gold soared to over $1,420 an ounce.
Yamana Gold ended the year at $12.80, gaining $0.11 on December 31, up 0.87 percent. The company had a 52-week trading range of $9.16 to $13.123. They ended the year with a market cap of $9.49 billion. Yamana continues to frustrate true believers, who continue to think it's vastly undervalued and one of the gold miners expected to break out, but never seems to do it.
NovaGold Resources closed the year out at $14.27, losing $0.11 on the last trading day, down 0.76 percent. The trading range for 2010 was from $4.96 to $16.90. They ended the year with a market cap of $3.22 billion.
Royal Gold, a precious metals royalty company, finished off the year at $54.63, rising $0.23 on Friday, a gain of 0.42 percent. The 2010 trading range for them was $41.19 to $55.22. They closed off the year with a market cap of $3.02 billion.
Allied Nevada Gold ended 2010 at $26.31, losing $0.02 on the final trading day of the year, down 0..08 percent. Their range for the year was $11.57 to $26.79, reaching the top end of the range on December 31. Their market cap heading into 2011 is $2.34 billion.
Monday, December 6, 2010
Goldman (NYSE:GS) Likes Gold on Low Interest Rates
Believing interest rates in the U.S. will remain low for some time, Goldman Sachs (NYSE:GS) sees gold continuing to rise in price for 2011, along with other commodities, including oil.
They recently stated the believe gold will continue to rise through 2012, probably peaking at somewhere around $1,750 an ounce. That's hard to believe in light of the Federal Reserve continuing to inflate the money supply and doing nothing to alleviate the recession and little or no job creation.
Goldman sees gold futures rising to $1,690 an ounce by the end of 2011.
Much is this assumes the American economy will recover, which is a huge leap of faith in light of what's happening around the world, which should take years to work its way out; including the sovereign debt crisis in Europe, which most of us will probably find out is much worse than being revealed.
As for oil futures, Goldman sees them rising to about $105 a barrel in 2011, with increasing demand during the year.
Goldman said, "Energy is historically the best performing sector when the ISM is above 50, which seems increasingly likely given strong October ISM and our US economists upgrade to their 2011 growth outlook."
They recently stated the believe gold will continue to rise through 2012, probably peaking at somewhere around $1,750 an ounce. That's hard to believe in light of the Federal Reserve continuing to inflate the money supply and doing nothing to alleviate the recession and little or no job creation.
Goldman sees gold futures rising to $1,690 an ounce by the end of 2011.
Much is this assumes the American economy will recover, which is a huge leap of faith in light of what's happening around the world, which should take years to work its way out; including the sovereign debt crisis in Europe, which most of us will probably find out is much worse than being revealed.
As for oil futures, Goldman sees them rising to about $105 a barrel in 2011, with increasing demand during the year.
Goldman said, "Energy is historically the best performing sector when the ISM is above 50, which seems increasingly likely given strong October ISM and our US economists upgrade to their 2011 growth outlook."
Tuesday, November 23, 2010
Gold Prices Today Up on Korean Military Tensions
Military tension between North and South Korea have pushed up the price of gold today, as gold futures on the Comex division of the New York Mercantile Exchange increased by $16.40, or 1.2%, to $1,374.40 an ounce.
It underscores the skittishness of investors in volatile times, as the bailout of Ireland revealed and the news Greece may still be hiding the depth of its deficit problem.
The European Union sovereign debt crisis is worsened by the fact there is little to trust in assertions made by many political leaders who are under enormous pressure domestically, having made promises they aren't able to meet, as socialism always results in.
They've also created a culture of entitlement, which those receiving the entitlements rise up in anger over when they're cut back because there has never been the money to pay for them.
For gold, these and many other factors like the quantitative easing put into play again by the Federal Reserve will support gold for some time to come.
The fall in value of the euro against the U.S. dollar is all that has been keeping gold from skyrocketing even further.
Spot gold was trading at $1,377.90 an ounce, up by $11.50.
It underscores the skittishness of investors in volatile times, as the bailout of Ireland revealed and the news Greece may still be hiding the depth of its deficit problem.
The European Union sovereign debt crisis is worsened by the fact there is little to trust in assertions made by many political leaders who are under enormous pressure domestically, having made promises they aren't able to meet, as socialism always results in.
They've also created a culture of entitlement, which those receiving the entitlements rise up in anger over when they're cut back because there has never been the money to pay for them.
For gold, these and many other factors like the quantitative easing put into play again by the Federal Reserve will support gold for some time to come.
The fall in value of the euro against the U.S. dollar is all that has been keeping gold from skyrocketing even further.
Spot gold was trading at $1,377.90 an ounce, up by $11.50.
Goldman (NYSE:GS) Says Take Long Position in December 2011 COMEX Gold Contract
Goldman Sachs (NYSE:GS) said recently traders should take a close look at entering a long position on December 2011 COMEX contract for gold.
According to Goldman's projections, gold, which closed at over $1,365 an ounce for spot gold Monday, should increase by over 20 percent over that mark in 2011, with estimates of $1,650 an ounce on the precious metal.
The giant financial institution said the reasoning behind their $1,650 an ounce figure is TIPS falling under 50 basis points at the 10-year mark.
That means lower interest rates will help push gold prices higher in 2011, according to Goldman, although there are a number of factors which support those conclusions as well.
According to Goldman's projections, gold, which closed at over $1,365 an ounce for spot gold Monday, should increase by over 20 percent over that mark in 2011, with estimates of $1,650 an ounce on the precious metal.
The giant financial institution said the reasoning behind their $1,650 an ounce figure is TIPS falling under 50 basis points at the 10-year mark.
That means lower interest rates will help push gold prices higher in 2011, according to Goldman, although there are a number of factors which support those conclusions as well.
Tuesday, November 16, 2010
Yamana (NYSE:AUY), Silver Wheaton (NYSE:SLW), Newmont (NYSE:NEM) Drop Later in Session
Even though silver and gold futures gained on Monday, the majority of gold and silver miners were lower as the U.S. dollar was stronger on the day.
Gold for December delivery was up $3 to $1,368.50 an ounce at the Comex division of the New York Mercantile Exchange.
Silver for December delivery increased by 58 cents, or 0.2%, to $26.09 an ounce.
The U.S. dollar index rose by 0.45 percent to $78.43 while the euro weakened, falling to $1.36 against the dollar.
Yamana closed Monday at $11.46, losing $0.24, or 2.05 percent. Silver Wheaton ended the trading session at $32.99, falling $0.80, or 2.37 percent. Newmont Mining closed at $60.66, dropping $0.89, or 1.45 percent.
According to forecasters surveyed by the Philadelphia Federal Reserve, the U.S. economy is expected to grow at a slower pace than thought, and the 9.6 percent unemployment rate should remain level.
Gold for December delivery was up $3 to $1,368.50 an ounce at the Comex division of the New York Mercantile Exchange.
Silver for December delivery increased by 58 cents, or 0.2%, to $26.09 an ounce.
The U.S. dollar index rose by 0.45 percent to $78.43 while the euro weakened, falling to $1.36 against the dollar.
Yamana closed Monday at $11.46, losing $0.24, or 2.05 percent. Silver Wheaton ended the trading session at $32.99, falling $0.80, or 2.37 percent. Newmont Mining closed at $60.66, dropping $0.89, or 1.45 percent.
According to forecasters surveyed by the Philadelphia Federal Reserve, the U.S. economy is expected to grow at a slower pace than thought, and the 9.6 percent unemployment rate should remain level.
Coeur d'Alene Mines (NYSE:CDE), Goldcorp (NYSE:GG), Pan American (Nasdaq:PAAS) Drop
The rising price of gold and silver futures wasn't enough to help miners like Coeur d'Alene Mines (NYSE:CDE), Goldcorp (NYSE:GG) and Pan American Silver (Nasdaq:PAAS), as many gold and silver companies dropped in conjunction with spot prices.
Gold futures for December delivery settled up $3 to $1,368.50 an ounce at the Comex division of the New York Mercantile Exchange.
Silver for December delivery rose 58 cents, or 0.2%, to $26.09 an ounce.
The U.S. dollar index was stronger Monday, rising to $78.43, a gain of 0.45 percent. The euro fell to $1.36 against the dollar.
Pan American Silver closed Monday at $35.89, falling $0.89, or 2.42 percent. Goldcorp ended at $45.93, losing $0.51, or 1.10 percent. Coeur d'Alene Mines ended the trading day at $22.82, dropping $0.14, or 0.61 percent.
Gold futures for December delivery settled up $3 to $1,368.50 an ounce at the Comex division of the New York Mercantile Exchange.
Silver for December delivery rose 58 cents, or 0.2%, to $26.09 an ounce.
The U.S. dollar index was stronger Monday, rising to $78.43, a gain of 0.45 percent. The euro fell to $1.36 against the dollar.
Pan American Silver closed Monday at $35.89, falling $0.89, or 2.42 percent. Goldcorp ended at $45.93, losing $0.51, or 1.10 percent. Coeur d'Alene Mines ended the trading day at $22.82, dropping $0.14, or 0.61 percent.
Monday, November 15, 2010
Hecla (NYSE:HL), Pan American (NASDAQ:PAAS), Silver Wheaton (NYSE:SLW) Drop on China CPI Numbers
Hecla Mining Company (NYSE:HL), Pan American Silver Corp. (NASDAQ:PAAS) and Silver Wheaton Corp. (NYSE:SLW) all dropped in response to China's consumer index price came in at 4.4 percent, higher than was expected.
This also reeked havoc on gold prices as well, with gold miners, gold futures and spot gold prices all plummeting on Friday.
The reason the prices of gold and silver fell was in response to speculation China may rein in their economy even further and raise interest rates as the tool of choice.
While silver is unique in that it's considered an industrial and investment metal, it has both of those working in its favor at this time, but it's increasingly being thought of for its investment quality at this time, so is moving up and down more on that fact rather than industrial demand.
In other words, people are using silver similar as gold, in that they're considering it a place of safety and protection against inflation.
One factor for silver and gold companies going forward should be cost containment, as those who better manage costs, at least for long-term investors, will be those who can operate better in strong or weak economic conditions, and have flexibility of pricing and ability to grow through acquisition if they choose to. That comes from having more cash on hand to work with and not be boxed in from too much debt.
As for Hecla Mining Company, they closed Friday at $8.41, dropping $0.51, or 5.72 percent. Silver Wheat ended the week at $33.79, losing $1.60 Friday, or 4.52 percent. Pan American Silver Corp. was at $36.79, falling $$1.47, or 3.84 percent.
This also reeked havoc on gold prices as well, with gold miners, gold futures and spot gold prices all plummeting on Friday.
The reason the prices of gold and silver fell was in response to speculation China may rein in their economy even further and raise interest rates as the tool of choice.
While silver is unique in that it's considered an industrial and investment metal, it has both of those working in its favor at this time, but it's increasingly being thought of for its investment quality at this time, so is moving up and down more on that fact rather than industrial demand.
In other words, people are using silver similar as gold, in that they're considering it a place of safety and protection against inflation.
One factor for silver and gold companies going forward should be cost containment, as those who better manage costs, at least for long-term investors, will be those who can operate better in strong or weak economic conditions, and have flexibility of pricing and ability to grow through acquisition if they choose to. That comes from having more cash on hand to work with and not be boxed in from too much debt.
As for Hecla Mining Company, they closed Friday at $8.41, dropping $0.51, or 5.72 percent. Silver Wheat ended the week at $33.79, losing $1.60 Friday, or 4.52 percent. Pan American Silver Corp. was at $36.79, falling $$1.47, or 3.84 percent.
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