What Are Gold and Silver Prices Today?
Precious Metals: News and Analysis
Gold and silver equities close higher. No change in GLD or SLV, but huge declines in their respective short positions. No sales report once again from the U.S. Mint. A decent amount of gold received at the COMEX-approved depositories on Wednesday, but little in/out activity in silver once again.
Another down day for the precious metal equities. GLD unchanged---SLV up a bit. Another day with no sales from the U.S. Mint---and not much in/out activity in gold or silver at the COMEX-approved depositories on Tuesday.
Sirius shareholders will receive stock in a new mining company, S2 Resources.
Gold and silver equities get hit hard. GLD up a hair---and another one million ounces is withdrawn from SLV. No sales report from the U.S. Mint. Very little in/out activity in either gold or silver at the COMEX-approved depositories on Monday.
Gold bulls had a rough start to the week, as the yellow metal fell below the key $1,200 level due to the strength in the U.S. dollar.
Oil and Natural Gas News
David Einhorn and Jim Chanos are right about the risky nature of shale drilling but there are still companies out there worth your investment.
Among companies that operate on land, Helmerich & Payne, Nabors Industries and Patterson-UTI are expected to perform better than their rivals now that the slump has bottomed out.
Crude could fall to $52 if dollar rally continues, said Mike McPartland of McNamara Securities ahead of Thursday's EIA Inventory data.
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