Gold and Silver Report: NG Stock, SSRI Plunge as Gold Prices Slip

by Christopher Freeburn | May 9, 2014 4:57 pm

Gold and Silver Report: NG Stock, SSRI Plunge as Gold Prices Slip

Gold prices drifted fractionally lower in Friday trading. The metal remained below the $1,300 per ounce level, finishing the week down 1.2%.

PreciousMetalsRecap Gold and Silver Report: NG Stock, SSRI Plunge as Gold Prices SlipDuring a session that saw mixed tepid movement for miners, NovaGold (NG[1]) and Silver Standard Resources (SSRI[2]) dropped sharply. NG stock closed down more than 5%. SSRI reported a wider quarterly loss on falling revenue[3], sending SSRI shares plummeting more than 10%.

Gold futures for June delivery shed 10 cents, dipping to $1,287.60 per ounce on Friday, according to CME Group[4]. Gold prices were as high as $1,294.50 and as low as $1,285.50. Bullion closed in London at $1,290, according to BullionVault[5].

Silver futures for July delivery slipped almost 2 cents to $19.12 per ounce. Friday’s high for silver was $19.32, while the low was $19.05.

Here’s how metal-based funds and mining stocks fared on Friday:

Gold and Silver Funds

Gold and Silver Mining ETFs

Gold Miners

Silver Miners

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[23] contributed to this report.

Endnotes:
  1. NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
  2. SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
  3. wider quarterly loss on falling revenue: http://www.thestreet.com/story/12703421/1/why-silver-standard-resources-ssri-stock-finished-down-on-friday.html?puc=yahoo&cm_ven=YAHOO
  4. CME Group: http://www.cmegroup.com
  5. BullionVault: http://www.bullionvault.com
  6. GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
  7. IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
  8. SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
  9. GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
  10. GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
  11. SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
  12. AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
  13. ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
  14. EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
  15. GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
  16. KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
  17. NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
  18. AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
  19. CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
  20. HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
  21. PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
  22. SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
  23. BullionVault: http://www.bullionvault.com/

Source URL: http://investorplace.com/2014/05/gold-and-silver-report-gold-prices-dip-ng-stock-ssri-plunge/
Short URL: http://invstplc.com/1uKN7sT