Newmont Mining Co. (NEM), Goldcorp Inc. (GG), Kinross Gold (KGC), Jaguar Mining (JAG), Ivanhoe Mines Ltd (IVN), Silvercrest Mines (STVZF) and Primero Mining Corp. (PPP) had ratings and price targets on them adjusted by analysts.
Citigroup downgraded Newmont Mining Co. (NEM) from a "Buy" rating to a "Neutral" rating.
Citigroup initiated coverage on Goldcorp Inc. (GG). They have a "Neutral" rating on the company.
Citigroup initiated coverage on Kinross Gold (KGC). They have a "Buy" rating on the company.
RBC Capital downgraded Jaguar Mining (JAG) from a "Sector Perform" rating to an "Underperform" rating.
BMO Capital Markets downgraded Ivanhoe Mines Ltd (IVN) from an "Outperform" rating to a "Market Perform" rating.
Roth Capital initiated coverage on Silvercrest Mines (STVZF). They have a "Buy" rating on the company.
BMO Capital Markets upgraded Primero Mining Corp. (PPP) from a "Market Perform" rating to an "Outperform" rating.
Showing posts with label Jaguar Mining. Show all posts
Showing posts with label Jaguar Mining. Show all posts
Thursday, April 5, 2012
Thursday, December 8, 2011
Frontline (FRO) (VCO) (JAG) (FENG) (ONE) (REN) (FTR) Biggest NYSE Losers
Frontline Ltd. (NYSE:FRO), Vina Concha y Toro SA (NYSE:VCO), Jaguar Mining Inc. (NYSE:JAG), Phoenix New Media (NYSE:FENG), Higher One Holdings, Inc. (NYSE:ONE), Resolute Energy Corp. (NYSE:REN) and Frontier Communications (NYSE:FTR) were the biggest losers on the NYSE, Wednesday, December 7.
Frontline Ltd. (FRO) ended the session down 13.57 percent, closing at $3.63. They traded in a range of $3.55 to $4.15. A total of 3,189,856 shares changed hands.
Vina Concha y Toro SA (VCO) ended the session down 10.06 percent, closing at $38.00. They traded in a range of $37.62 to $41.50. A total of 15,219 shares changed hands.
Jaguar Mining Inc. (JAG) ended the session down 8.98 percent, closing at $6.59. They traded in a range of $6.36 to $7.15. A total of 9,043,252 shares changed hands.
Phoenix New Media (FENG) ended the session down 7.99 percent, closing at $6.56. They traded in a range of $6.49 to $7.34. A total of 326,545 shares changed hands.
Higher One Holdings, Inc. (ONE) ended the session down 7.50 percent, closing at $18.51. They traded in a range of $18.25 to $19.92. A total of 1,238,559 shares changed hands.
Resolute Energy Corp. (REN) ended the session down 6.76 percent, closing at $12.69. They traded in a range of $12.40 to $13.37. A total of 1,015,524 shares changed hands.
Frontier Communications (FTR) ended the session down 6.57 percent, closing at $5.40. They traded in a range of $5.26 to $5.53. A total of 16,852,881 shares changed hands.
Frontline Ltd. (FRO) ended the session down 13.57 percent, closing at $3.63. They traded in a range of $3.55 to $4.15. A total of 3,189,856 shares changed hands.
Vina Concha y Toro SA (VCO) ended the session down 10.06 percent, closing at $38.00. They traded in a range of $37.62 to $41.50. A total of 15,219 shares changed hands.
Jaguar Mining Inc. (JAG) ended the session down 8.98 percent, closing at $6.59. They traded in a range of $6.36 to $7.15. A total of 9,043,252 shares changed hands.
Phoenix New Media (FENG) ended the session down 7.99 percent, closing at $6.56. They traded in a range of $6.49 to $7.34. A total of 326,545 shares changed hands.
Higher One Holdings, Inc. (ONE) ended the session down 7.50 percent, closing at $18.51. They traded in a range of $18.25 to $19.92. A total of 1,238,559 shares changed hands.
Resolute Energy Corp. (REN) ended the session down 6.76 percent, closing at $12.69. They traded in a range of $12.40 to $13.37. A total of 1,015,524 shares changed hands.
Frontier Communications (FTR) ended the session down 6.57 percent, closing at $5.40. They traded in a range of $5.26 to $5.53. A total of 16,852,881 shares changed hands.
Thursday, November 17, 2011
Jaguar (JAG) (CO) (PTGI) (QUAD) (KID) (VIT) Biggest NYSE Gainers Wednesday
Jaguar Mining Inc. (JAG), China Cord Blood (CO), Primus Telecom Group (PTGI), Quad Graphics, (QUAD), Kid Brands (KID) and VanceInfo Technologies Inc. (VIT) were the biggest gainers on the NYSE Wednesday, November 16.
Jaguar Mining Inc. (JAG) ended the day up 44.71 percent, closing at $7.80. They traded in a range of $6.05 to $8.18. A total of 12,608,489 shares changed hands.
China Cord Blood (CO) ended the day up 18.23 percent, closing at $2.40. They traded in a range of $1.91 of $2.44. A total of 198,780 shares changed hands.
Primus Telecom Group (PTGI) ended the day up 12.23 percent, closing at $13.21. They traded in a range of $11.79 to $13.22. A total of 121,928 shares changed hands.
Quad Graphics, (QUAD) ended the day up 12.02 percent, closing at $14.35. They traded in a range of $12.65 to $14.65. A total of 537,583 shares changed hands.
Kid Brands (KID) ended the day up 11.11 percent, closing at $3.30. They traded in a range of $2.93 to $3.30. A total of 100,537 shares changed hands.
VanceInfo Technologies Inc. (VIT) ended the day up 8.30 percent, closing at $11.22. They traded in a range of $10.03 to $11.35. A total of 1,992,087 shares changed hands.
Xueda Education (XUE) ended the day up 7.88 percent, closing at $3.15. They traded in a range of $2.78 to $3.19. A total of 101,883 shares changed hands.
Jaguar Mining Inc. (JAG) ended the day up 44.71 percent, closing at $7.80. They traded in a range of $6.05 to $8.18. A total of 12,608,489 shares changed hands.
China Cord Blood (CO) ended the day up 18.23 percent, closing at $2.40. They traded in a range of $1.91 of $2.44. A total of 198,780 shares changed hands.
Primus Telecom Group (PTGI) ended the day up 12.23 percent, closing at $13.21. They traded in a range of $11.79 to $13.22. A total of 121,928 shares changed hands.
Quad Graphics, (QUAD) ended the day up 12.02 percent, closing at $14.35. They traded in a range of $12.65 to $14.65. A total of 537,583 shares changed hands.
Kid Brands (KID) ended the day up 11.11 percent, closing at $3.30. They traded in a range of $2.93 to $3.30. A total of 100,537 shares changed hands.
VanceInfo Technologies Inc. (VIT) ended the day up 8.30 percent, closing at $11.22. They traded in a range of $10.03 to $11.35. A total of 1,992,087 shares changed hands.
Xueda Education (XUE) ended the day up 7.88 percent, closing at $3.15. They traded in a range of $2.78 to $3.19. A total of 101,883 shares changed hands.
Thursday, May 19, 2011
Miners (JAG) (NEM) (GRS) (RIC) (AU) Trade Up
Shares of Jaguar Mining (NYSE:JAG), Newmont Mining (NYSE:NEM), Gammon Gold (NYSE:GRS), Richmont Mines, Inc. (AMEX:RIC) and AngloGold Ashanti (NYSE:AU) all traded up on Wednesday as gold and silver prices climbed on the day.
Jaguar Mining soared on an earnings beat, closing up over 23 percent on the day.
June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.
The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.
A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.
Jaguar Mining (JAG) closed at $5.31, gaining $1.00, or 23.20 percent.
Jaguar Mining soared on an earnings beat, closing up over 23 percent on the day.
June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.
The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.
A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.
Jaguar Mining (JAG) closed at $5.31, gaining $1.00, or 23.20 percent.
Tuesday, May 17, 2011
Jaguar Mining (JAG) Drops Along with Gold Prices
Jaguar Mining (NYSE:JAG) fell in Wednesday trading, as gold prices came under pressure again in the ongoing volatile market conditions.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
The Bank of England said that inflation could hit 5 percent in 2011.
Silver prices dropped almost $3 to close at $35.51 an ounce.
Jaguar Mining Inc. participates in the production of gold, as well as in the acquisition, exploration, development, and operation of gold mineral properties in Brazil.
Jaguar Mining (JAG) closed Wednesday at $4.59, falling $0.18, or 3.77 percent.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
The Bank of England said that inflation could hit 5 percent in 2011.
Silver prices dropped almost $3 to close at $35.51 an ounce.
Jaguar Mining Inc. participates in the production of gold, as well as in the acquisition, exploration, development, and operation of gold mineral properties in Brazil.
Jaguar Mining (JAG) closed Wednesday at $4.59, falling $0.18, or 3.77 percent.
Jaguar Mining (JAG) Drops Along with Gold Prices
Jaguar Mining (NYSE:JAG) fell in Wednesday trading, as gold prices came under pressure again in the ongoing volatile market conditions.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
The Bank of England said that inflation could hit 5 percent in 2011.
Silver prices dropped almost $3 to close at $35.51 an ounce.
Jaguar Mining Inc. participates in the production of gold, as well as in the acquisition, exploration, development, and operation of gold mineral properties in Brazil.
Jaguar Mining (JAG) closed Wednesday at $4.59, falling $0.18, or 3.77 percent.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
The Bank of England said that inflation could hit 5 percent in 2011.
Silver prices dropped almost $3 to close at $35.51 an ounce.
Jaguar Mining Inc. participates in the production of gold, as well as in the acquisition, exploration, development, and operation of gold mineral properties in Brazil.
Jaguar Mining (JAG) closed Wednesday at $4.59, falling $0.18, or 3.77 percent.
Monday, May 16, 2011
Goldcorp (GG) (JAG) (UXG) (TRE) Trade Mixed As Gold Drops
Gold and silver prices went through a reversal Friday, as gold closed down and silver rebounded to close higher, putting pressure on gold miners such as Goldcorp (NYSE:GG), Jaguar Mining (NYSE:JAG), US Gold (AMEX:UXG) and Tanzanian Royalty Exploration (AMEX:TRE) - which closed mixed - and gold ETFS.
Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce. Silver prices settled up 21 cents to $35.01 an ounce.
The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.
Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.
Goldcorp (GG) closed Friday at $47.76, gaining $0.06, or 0.13 percent.
Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce. Silver prices settled up 21 cents to $35.01 an ounce.
The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.
Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.
Goldcorp (GG) closed Friday at $47.76, gaining $0.06, or 0.13 percent.
Tuesday, May 10, 2011
Miners (ABX) (RGLD) (JAG) (RIC) (AU) Trade Mixed as Gold, Silver Rebound
Gold miners Barrick Gold (NYSE:ABX), Royal Gold (Nasdaq:RGLD), Jaguar Mining (NYSE:JAG), Richmont Mines, Inc. (AMEX:RIC) and AngloGold Ashanti (NYSE:AU) closed mixed Monday as gold prices turned around on Monday.
All the miners listed above closed up with the exception of Jaguar Mining.
Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.
Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.
According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).
The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.
Richmont Mines, Inc. (AMEX:RIC) closed Monday at $8.12, gaining $0.40, or 5.18 percent.
All the miners listed above closed up with the exception of Jaguar Mining.
Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.
Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.
According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).
The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.
Richmont Mines, Inc. (AMEX:RIC) closed Monday at $8.12, gaining $0.40, or 5.18 percent.
Monday, May 9, 2011
Miners (AU) (AUY) (IAG) (JAG) (BVN) Mixed as Gold Closes Up
Gold was able to shake itself of silver Friday, as it has been weighed down by the plummeting price of silver in recent trade, which also has been dragging down gold miners AngloGold Ashanti (NYSE:AU), Yamana Gold (NYSE:AUY), IAMGOLD Corporation (NYSE:IAG), Jaguar Mining (NYSE:JAG) and Compania Mina Buenaventura, S.A (NYSE:BVN).
Gold for June delivery climbed $10.20, or 0.7 percent, to $1,491.60 an ounce. Gold lost 4.2 percent last week, as it had settled at a record $1,556.40 an ounce the Friday before. Gold fell 4.2 percent on the week.
Silver for July delivery dropped 95.3 cents, or 2.6 percent, to $35.29 an ounce on the Comex division of the New York Mercantile Exchange. It had risen as high as $36.43 an ounce in Friday's trading.
The front-month silver contract had its worst week since late March 1980. Silver for May delivery fell 27 percent in the five-day period — its biggest percent drop since that date. The most-active July contract also was down 27 percent on the week.
Silver has lost 14 percent so far in 2011. On April 25, silver had reached as high as $49.845.
Compania Mina Buenaventura, S.A (BVN) closed Friday at $41.11, gaining $1.45, or 3.66 percent.
Gold for June delivery climbed $10.20, or 0.7 percent, to $1,491.60 an ounce. Gold lost 4.2 percent last week, as it had settled at a record $1,556.40 an ounce the Friday before. Gold fell 4.2 percent on the week.
Silver for July delivery dropped 95.3 cents, or 2.6 percent, to $35.29 an ounce on the Comex division of the New York Mercantile Exchange. It had risen as high as $36.43 an ounce in Friday's trading.
The front-month silver contract had its worst week since late March 1980. Silver for May delivery fell 27 percent in the five-day period — its biggest percent drop since that date. The most-active July contract also was down 27 percent on the week.
Silver has lost 14 percent so far in 2011. On April 25, silver had reached as high as $49.845.
Compania Mina Buenaventura, S.A (BVN) closed Friday at $41.11, gaining $1.45, or 3.66 percent.
Friday, May 6, 2011
Miners (GSS) (NEM) JAG) (GFI) Plunge as Gold Prices Fall
Golden Star Resources (AMEX:GSS), Newmont Mining (NYSE:NEM), Jaguar Mining (NYSE:JAG) and Gold Fields (NYSE:GFI) got hit hard Thursday as gold and silver prices continue to drop.
Gold for May delivery, the front-month contract, ended the trading session Thursday down $34, or 2.2 percent, at $1,480.90 per troy ounce on the Comex division of the New York Mercantile Exchange.
The silver contract for May delivery closed 8 percent lower, down $3.152, at $36.231 per troy ounce.
Since the Friday settlement price silver has plummeted 25 percent.
The U.S. dollar was also up, adding pressure to the two precious metals, as it gained 2 percent against the euro. That came largely from European Central Bank President Jean-Claude Trichet who suggested there will no interest-rate boost in the near future.
Nothing has changed the underlying fundamentals for gold or silver though, and this is just a healthy correction before gold and silver prices begin moving up again.
As long as easy money policies continue by the Federal Reserve and interest rates remain near zero, there is nothing to stop gold and silver prices from continuing to rise.
Inflation, political unrest, sovereign debt crisis and the collapsing U.S. dollar will also play a major role over time for gold and silver prices.
Jaguar Mining (JAG) closed Thursday at $4.74, falling $0.34, or 6.71 percent.
Gold for May delivery, the front-month contract, ended the trading session Thursday down $34, or 2.2 percent, at $1,480.90 per troy ounce on the Comex division of the New York Mercantile Exchange.
The silver contract for May delivery closed 8 percent lower, down $3.152, at $36.231 per troy ounce.
Since the Friday settlement price silver has plummeted 25 percent.
The U.S. dollar was also up, adding pressure to the two precious metals, as it gained 2 percent against the euro. That came largely from European Central Bank President Jean-Claude Trichet who suggested there will no interest-rate boost in the near future.
Nothing has changed the underlying fundamentals for gold or silver though, and this is just a healthy correction before gold and silver prices begin moving up again.
As long as easy money policies continue by the Federal Reserve and interest rates remain near zero, there is nothing to stop gold and silver prices from continuing to rise.
Inflation, political unrest, sovereign debt crisis and the collapsing U.S. dollar will also play a major role over time for gold and silver prices.
Jaguar Mining (JAG) closed Thursday at $4.74, falling $0.34, or 6.71 percent.
Thursday, May 5, 2011
Miners (IVN) (GOLD) (IAG) (JAG) (ABX) Trade Mixed as Gold Closes Down
Even though several events should have helped support gold prices on Wednesday, that wasn't the case, as Ivanhoe Mines Ltd. (NYSE:IVN), Randgold (NASDAQ:GOLD), IAMGOLD Corporation (NYSE:IAG), Jaguar Mining (NYSE:JAG) and Barrick Gold (NYSE:ABX) closed mixed, with gold for June delivery, the most actively traded contract, falling $25.10 to $1,515.30 an ounce.
Silver prices are the story for commodities and gold at this time, as the plunge in prices is dragging down the overall commodity sector, as traders sell off holdings to take some profits.
Silver fell $3.197, or 7.5 percent, to settle at $39.388 an ounce. That's the third straight day of losses after silver closed in on $50 an ounce mark last week.
Silver for July delivery dropped $2.820, at $39.765 per troy ounce.
The U.S. dollar index lost 0.15 percent to $73.01, dropping from Tuesday's 73.127 close. The dollar index is down 7.5 percent so far in 2011.
Against the euro, the dollar plunged to its lowest level Wednesday since December 2009.
Other than the fall of the dollar, other factors that would have normally supported gold was the underreported decision by the European Union to bail out Portugal for close to 78 billion euros.
Also largely ignored was the ADP Employment Change report for April, which showed the private sector missed the anticipated addition of 200,000 jobs, being able to only generate 179,000 for the month.
Also of note Wednesday was the Institute for Supply Management’s services-sector index, which was weakened more than expected in April, confirming that American growth is slowing.
IAMGOLD Corporation (IAG) closed Wednesday at $20.59, gaining $0.95, or 4.84 percent.
Silver prices are the story for commodities and gold at this time, as the plunge in prices is dragging down the overall commodity sector, as traders sell off holdings to take some profits.
Silver fell $3.197, or 7.5 percent, to settle at $39.388 an ounce. That's the third straight day of losses after silver closed in on $50 an ounce mark last week.
Silver for July delivery dropped $2.820, at $39.765 per troy ounce.
The U.S. dollar index lost 0.15 percent to $73.01, dropping from Tuesday's 73.127 close. The dollar index is down 7.5 percent so far in 2011.
Against the euro, the dollar plunged to its lowest level Wednesday since December 2009.
Other than the fall of the dollar, other factors that would have normally supported gold was the underreported decision by the European Union to bail out Portugal for close to 78 billion euros.
Also largely ignored was the ADP Employment Change report for April, which showed the private sector missed the anticipated addition of 200,000 jobs, being able to only generate 179,000 for the month.
Also of note Wednesday was the Institute for Supply Management’s services-sector index, which was weakened more than expected in April, confirming that American growth is slowing.
IAMGOLD Corporation (IAG) closed Wednesday at $20.59, gaining $0.95, or 4.84 percent.
Wednesday, May 4, 2011
Correction for (GG) (GSS) (JAG) (UXG) as Gold Prices Fall
Shares of gold miners like Goldcorp (NYSE:GG), Golden Star Resources (AMEX:GSS) Jaguar Mining (NYSE:JAG) and US Gold (AMEX:UXG) were suffering Tuesday as the price of gold dropped on the session, as the U.S. dollar gained a little.
Gold for June delivery fell $16.70 to $1,540.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded in a range as high as $1,551.40 and as low as $1,516.20. The spot gold price fell over $15 for the day.
A temporarily stronger U.S. dollar put some pressure on gold and silver prices Tuesday, as the U.S. dollar index climbed 0.04 percent to $73.09.
Also surprising the market was the decision by India to boost their interest rates by 50 basis points to fight inflation. That puts the lending rate their at 8.89 percent, and the overnight lending rate at 7.25 percent.
Silver fell another $3.49 Tuesday to settle at $42.576 per troy ounce on the Comex division of the Nymex.
Most of pressure on silver prices has come from the CME Group decision to raise margin requirements by 11.6 percent, starting at the close of market on Tuesday.
Gold looks like it's just taking a needed breather before resuming its upward run.
Gold stocks have been overall lagging the price of gold, and that should change assuming the costs of inputs remain lower than the push up in gold prices.
A growing number of gold miners are increasing dividends to attract investors.
US Gold (UXG) closed at $8.07, falling $0.81, or 9.12 percent.
Gold for June delivery fell $16.70 to $1,540.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded in a range as high as $1,551.40 and as low as $1,516.20. The spot gold price fell over $15 for the day.
A temporarily stronger U.S. dollar put some pressure on gold and silver prices Tuesday, as the U.S. dollar index climbed 0.04 percent to $73.09.
Also surprising the market was the decision by India to boost their interest rates by 50 basis points to fight inflation. That puts the lending rate their at 8.89 percent, and the overnight lending rate at 7.25 percent.
Silver fell another $3.49 Tuesday to settle at $42.576 per troy ounce on the Comex division of the Nymex.
Most of pressure on silver prices has come from the CME Group decision to raise margin requirements by 11.6 percent, starting at the close of market on Tuesday.
Gold looks like it's just taking a needed breather before resuming its upward run.
Gold stocks have been overall lagging the price of gold, and that should change assuming the costs of inputs remain lower than the push up in gold prices.
A growing number of gold miners are increasing dividends to attract investors.
US Gold (UXG) closed at $8.07, falling $0.81, or 9.12 percent.
Tuesday, May 3, 2011
AngloGold (AU) (JAG) (RGLD) (NCMGY) Close Down as Gold Levels
Shares of AngloGold Ashanti (NYSE:AU), Jaguar Mining (NYSE:JAG), Royal Gold (Nasdaq:RGLD) and Newcrest Mining (OTC:NCMGY.PK) closed down as gold prices closed 70 cents above last close.
Gold for June delivery jumped 70 cents Monday to settle at $1,557.10 an ounce at the Comex division of the New York Mercantile Exchange. After losing 2.5 percent to drop to $1,540.30, the yellow metal rebounded to $1,577 an ounce.
Silver prices for July lost $2.51 to settle at $46.08 an ounce, after getting crushed 13 percent, as it fell as low as $42.20.
The U.S. dollar index changed directions after an rally early in the trading session Monday and was down 0.09 percent at $72.96. The U.S. dollar index was fell almost 4 percent in April and is struggling to keep from breaking below its record low of $71.
It is surprising to see gold and silver be pressured, as in April gold was up 8.92 percent and silver a whopping 28.72 percent.
One piece of financial information somewhat ignored Monday because of the hoopla surrounding the death of Osama bin Laden, was the manufacturing report concerning China in April which showed production had slowed down during the month. That should help the price of gold and silver going forward.
AngloGold Ashanti closed at $50.39, falling $0.59, or 1.16 percent.
Gold for June delivery jumped 70 cents Monday to settle at $1,557.10 an ounce at the Comex division of the New York Mercantile Exchange. After losing 2.5 percent to drop to $1,540.30, the yellow metal rebounded to $1,577 an ounce.
Silver prices for July lost $2.51 to settle at $46.08 an ounce, after getting crushed 13 percent, as it fell as low as $42.20.
The U.S. dollar index changed directions after an rally early in the trading session Monday and was down 0.09 percent at $72.96. The U.S. dollar index was fell almost 4 percent in April and is struggling to keep from breaking below its record low of $71.
It is surprising to see gold and silver be pressured, as in April gold was up 8.92 percent and silver a whopping 28.72 percent.
One piece of financial information somewhat ignored Monday because of the hoopla surrounding the death of Osama bin Laden, was the manufacturing report concerning China in April which showed production had slowed down during the month. That should help the price of gold and silver going forward.
AngloGold Ashanti closed at $50.39, falling $0.59, or 1.16 percent.
Monday, May 2, 2011
Randgold (GOLD) (SA) (JAG) (IAG) (AU) Trade Up as Gold Price Breaks Records Again
Randgold (NASDAQ:GOLD), Seabridge Gold (Amex:SA), Jaguar Mining (NYSE:JAG), IAMGOLD Corporation (NYSE:IAG) and AngloGold Ashanti (NYSE:AU) closed up Friday 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.
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.
Friday, April 29, 2011
Jaguar (JAG) (KGN) (EGO) (GFI) Close Mixed as Gold, Silver Break Records
Keegan Resources Inc (AMEX:KGN), Jaguar Mining (NYSE:JAG), Eldorado Gold Corporation (NYSE:EGO) and Gold Fields (NYSE:GFI) closed down Thursday even as gold and silver prices broke all-time records. It appears investors are taking some profits off the top.
Gold prices shot up while silver prices climbed Thursday as investors bought the metals against a weak dollar and higher inflation expectations.
Gold for June delivery settled $14.10 higher at $1,531.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price soared to a record intra-day level of $1,538.80 an ounce while the spot gold price rose $6.90.
Silver prices for July moved up $1.55 to settle at $47.54 an ounce.
Spot silver jumped almost 4 percent Thursday to an all time high at $49.51 an ounce, surpassing the previous record set in 1980.
The ICE Futures U.S. Dollar Index was down 0.4 percent. The collapsing greenback aided dollar-denominated gold and silver by making them less expensive for foreign buyers, generating more demand.
Gold prices shot up while silver prices climbed Thursday as investors bought the metals against a weak dollar and higher inflation expectations.
Gold for June delivery settled $14.10 higher at $1,531.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price soared to a record intra-day level of $1,538.80 an ounce while the spot gold price rose $6.90.
Silver prices for July moved up $1.55 to settle at $47.54 an ounce.
Spot silver jumped almost 4 percent Thursday to an all time high at $49.51 an ounce, surpassing the previous record set in 1980.
The ICE Futures U.S. Dollar Index was down 0.4 percent. The collapsing greenback aided dollar-denominated gold and silver by making them less expensive for foreign buyers, generating more demand.
Wednesday, April 27, 2011
Barrick (ABX) (TRE) (JAG) (ANV) Close Mixed as Gold, Silver Routed
Gold prices closed down Tuesday from records set the previous trading session, temporarily falling below the important $1,500 level at one point, but the losses in the yellow metal were subdued, as gold miners Tanzanian Royalty Exploration (AMEX:TRE), Jaguar Mining (NYSE:JAG), Allied Nevada Gold (AMEX:ANV) and Barrick Gold (NYSE:ABX) closed mixed.
On the other hand, silver futures plunged Tuesday as investors took profits from record prices as uncertainty over the Federal Reserve policy decision coming up could have an adverse effect on the metals' unprecedented rally.
There is some wariness by some on how the Federal Reserve might respond in light of recent signs of higher food and energy prices.
Silver took a beating Tuesday. After setting records for seven out of the last eight trading sessions. Silver closed Tuesday almost 10 percent below Monday's intraday record $49.820.
The most actively traded silver contract, for May delivery, fell $2.099, or 4.5%, to settle at $45.050 a troy ounce on the Comex division of the New York Mercantile Exchange. Front-month April silver lost $2.093, or 4.4%, to finish at $45.058.
Most-active Comex June gold was down $5.60, or 0.4 percent, to settle at $1,503.50 a troy ounce while the nearby April contract fell $5.60, or 0.4 percent, to end at $1,503.00.
Gold trading near $1,500 an ounce has increased buying in silver as a less expensive alternative.
On the other hand, silver futures plunged Tuesday as investors took profits from record prices as uncertainty over the Federal Reserve policy decision coming up could have an adverse effect on the metals' unprecedented rally.
There is some wariness by some on how the Federal Reserve might respond in light of recent signs of higher food and energy prices.
Silver took a beating Tuesday. After setting records for seven out of the last eight trading sessions. Silver closed Tuesday almost 10 percent below Monday's intraday record $49.820.
The most actively traded silver contract, for May delivery, fell $2.099, or 4.5%, to settle at $45.050 a troy ounce on the Comex division of the New York Mercantile Exchange. Front-month April silver lost $2.093, or 4.4%, to finish at $45.058.
Most-active Comex June gold was down $5.60, or 0.4 percent, to settle at $1,503.50 a troy ounce while the nearby April contract fell $5.60, or 0.4 percent, to end at $1,503.00.
Gold trading near $1,500 an ounce has increased buying in silver as a less expensive alternative.
Tuesday, April 26, 2011
NovaGold (NG) (JAG) (GRS) (GFI) Close Down as Gold Breaks Another All-Time Record
Gold and silver prices are continuing their upward move, even as gold miners Jaguar Mining (NYSE:JAG), NovaGold Resources Inc. (AMEX:NG), Gammon Gold (NYSE:GRS) and Gold Fields (NYSE:GFI) all closed down, as 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
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.
Thursday, April 21, 2011
Barrick (ABX) (AZK) (RGLD) (JAG) Close Up as Gold Breaks Record Again
Aurizon Mines (AMEX:AZK), Jaguar Mining (NYSE:JAG), Royal Gold (Nasdaq:RGLD) and Barrick Gold (NYSE:ABX) closed Up on Wednesday as gold continues to break records on a daily basis recently.
Gold prices soared to another intraday record, reaching as high as $1,506.20 an ounce before pulling back to settle for June delivery in at $1,498.90 an ounce, an increase of $3.80 at the Comex division of the New York Mercantile Exchange.
Wednesday was the fourth session in a row gold prices broke an intraday record, as well as settling at a new record as well.
After breaking the $45 level, silver prices ended the day up 54 cents to close at $44.46 an ounce. That was also another 31-year high as it pushes to break $50 and move on to an all-time record.
Gold and silver prices continue to soar on safe-haven buying with the major impetus at this time probably being a collapsing U.S. dollar. The U.S. dollar index was plunging 0.84% to $74.43 as it continues to struggle after Monday's S&P downgrade of the U.S. economy, and warning of a credit downgrade if the U.S. doesn't quit its outrageous spending and reduce its debt.
The downgrade of U.S. debt, sovereign debt crisis in Europe, Chinese inflation, soaring oil prices, and the ongoing fallout from the earthquake in Japan are just some of the other factors offer support to gold.
The gold-silver ratio, which measures how many silver ounces are needed to acquire an ounce of gold, fell under 34 — its lowest level since 1983.
Barrick Gold closed Wednesday at $54.81, gaining $0.58, or 1.07 percent. Royal Gold closed at $58.33, up $1.87, or 3.31 percent. Jaguar Mining ended the trading session at $5.90, rising $0.44, or 8.06 percent. Aurizon Mines closed at $6.84, jumping $0.21, or 3.17 percent.
Gold prices soared to another intraday record, reaching as high as $1,506.20 an ounce before pulling back to settle for June delivery in at $1,498.90 an ounce, an increase of $3.80 at the Comex division of the New York Mercantile Exchange.
Wednesday was the fourth session in a row gold prices broke an intraday record, as well as settling at a new record as well.
After breaking the $45 level, silver prices ended the day up 54 cents to close at $44.46 an ounce. That was also another 31-year high as it pushes to break $50 and move on to an all-time record.
Gold and silver prices continue to soar on safe-haven buying with the major impetus at this time probably being a collapsing U.S. dollar. The U.S. dollar index was plunging 0.84% to $74.43 as it continues to struggle after Monday's S&P downgrade of the U.S. economy, and warning of a credit downgrade if the U.S. doesn't quit its outrageous spending and reduce its debt.
The downgrade of U.S. debt, sovereign debt crisis in Europe, Chinese inflation, soaring oil prices, and the ongoing fallout from the earthquake in Japan are just some of the other factors offer support to gold.
The gold-silver ratio, which measures how many silver ounces are needed to acquire an ounce of gold, fell under 34 — its lowest level since 1983.
Barrick Gold closed Wednesday at $54.81, gaining $0.58, or 1.07 percent. Royal Gold closed at $58.33, up $1.87, or 3.31 percent. Jaguar Mining ended the trading session at $5.90, rising $0.44, or 8.06 percent. Aurizon Mines closed at $6.84, jumping $0.21, or 3.17 percent.
Wednesday, April 20, 2011
Gold Breaks $1,500 as Newmont (NEM) (IAG) (JAG) (NXG) Close Mixed
After blowing past the $1,500 an ounce mark on Tuesday, gold prices settled just under the important psychological barrier at $1,495.10, as gold miners IAMGOLD Corporation (NYSE:IAG), Northgate Minerals (AMEX:NXG), Jaguar Mining (NYSE:JAG) and Newmont Mining (NYSE:NEM) closed mixed on the day.
Gold prices settled just below $1,500 an ounce after hitting that level earlier Tuesday's session, helped by a weaker dollar.
The gold contract for June delivery rose $2.20 to settle at $1,495.10 an ounce, shy of its all-time and daily high of $1,500.50 an ounce. Spot gold prices dropped 50 cents, to close at $1,495.90 an ounce.
Silver prices for May delivery climbed almost a dollar to settle at $43.91.
Most of this is based upon the collapsing U.S. dollar, which pulled back again today, the tightening in China, sovereign debt crisis in Europe, unrest in the Middle East, inflation concerns and consequences of the Japanese earthquake.
Add to that the warning from rating agency S&P that the U.S. could have its debt downgraded if it doesn't deal with the growing debt crisis and you have a weak macroeconomic outlook favoring gold and other commodities.
Newmont Mining closed Tuesday at $58.63, gaining $0.76, or 1.31 percent. IAMGOLD Corporation ended the session at $20.69, up $0.66, or 1.37 percent. Northgate Minerals closed at $2.87, rising $0.04, or 0.43 percent. Jaguar Mining closed the day at $5.46, gaining $0.48, or 9.64 percent.
Gold prices settled just below $1,500 an ounce after hitting that level earlier Tuesday's session, helped by a weaker dollar.
The gold contract for June delivery rose $2.20 to settle at $1,495.10 an ounce, shy of its all-time and daily high of $1,500.50 an ounce. Spot gold prices dropped 50 cents, to close at $1,495.90 an ounce.
Silver prices for May delivery climbed almost a dollar to settle at $43.91.
Most of this is based upon the collapsing U.S. dollar, which pulled back again today, the tightening in China, sovereign debt crisis in Europe, unrest in the Middle East, inflation concerns and consequences of the Japanese earthquake.
Add to that the warning from rating agency S&P that the U.S. could have its debt downgraded if it doesn't deal with the growing debt crisis and you have a weak macroeconomic outlook favoring gold and other commodities.
Newmont Mining closed Tuesday at $58.63, gaining $0.76, or 1.31 percent. IAMGOLD Corporation ended the session at $20.69, up $0.66, or 1.37 percent. Northgate Minerals closed at $2.87, rising $0.04, or 0.43 percent. Jaguar Mining closed the day at $5.46, gaining $0.48, or 9.64 percent.
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