SPDR Gold Shares News
Precious metal stocks finish mixed. No changes in either GLD or SLV. Large drop in SLV short interest. More big silver eagle sales from the U.S. Mint. A decent withdrawal in gold from the Comex-approved depositories on Monday---and big in/out movement in silver once again.
It is the lack of data, and not anything else, that is making it difficult to sustain recent momentum.
Precious metal equities close down. A big gold deposit in GLD yesterday, but no reported changes in SLV. More silver eagles sales at the U.S. Mint. Not much gold movement at the Comex-approved depositories on Friday, but big movement once again in silver.
Stocks will likely find it difficult to sustain recent positive momentum given the paucity of data over the next few days.
There is almost always a place to make money in the market -- it's just a matter of finding the opportunity at the right time.
With little economic and corporate data this week, technical analysis may push markets higher.
Gold and silver get hit on the job numbers. Another deposit in GLD yesterday, but no change in SLV. The U.S. Mint sells more silver eagles. Who are the buyers, one wonders? Small in/out movements in gold, but big in/out movements in silver at the Comex-approved depositories on Thursday.
The gold price, the S&P/TSX Gold sub-sector, and the Philly XAU index of 30 gold/silver equities ( Charts 1-3 below) suggest that the gold sector is turning a corner: gold bullion has broken upwards through ...