Gold, Silver Prices Settle Lower

- May 26th, 2011

The Street reported that prices for both gold and silver closed lower today.

The Street reported that prices for both gold and silver closed lower today.

The market news is quoted as saying:

The negative news and weaker currency would typically push gold and silver higher. “On option expiration dates, gold usually has a decline, so not that unusual,” says Nick Barisheff, CEO of Bullion Management Group, but its “not that big a move overall.”

To read the full market news, click here.

14 responses to “Gold, Silver Prices Settle Lower

  1. the easiest buy with over a 100% return is paladin (PDN)
    A. they have a massive project sale comming up, premature news forced the stock to jump 35%
    B. they are flooding the spot price of uranium because they are the 2nd largest URA producer in Canada and 3rd largest globally- with the lowest cost URA production to date.

    1. Interesting to see you mention Paladin (PDN). They are an Australian based company with great potential, having just sold a 25% share in their African mine to a very large Chinese Uranium Company!

  2. the easiest buy with over a 100% return is paladin (PDN)
    A. they have a massive project sale comming up, premature news forced the stock to jump 35%
    B. they are flooding the spot price of uranium because they are the 2nd largest URA producer in Canada and 3rd largest globally- with the lowest cost URA production to date.

    1. Interesting to see you mention Paladin (PDN). They are an Australian based company with great potential, having just sold a 25% share in their African mine to a very large Chinese Uranium Company!

  3. Don’t forget about Mega Uranium lots of potential with their properties. Denison, Rockgate, Energy Fuels and Laramide are on my watch list. It will be interesting to see what the closing price for U308 will be 12 months from now. Let’s hope Mr. Market turns this into a story and gets the juniors moving again.

  4. Don’t forget about Mega Uranium lots of potential with their properties. Denison, Rockgate, Energy Fuels and Laramide are on my watch list. It will be interesting to see what the closing price for U308 will be 12 months from now. Let’s hope Mr. Market turns this into a story and gets the juniors moving again.

  5. Laramide is the forgotten stock from the last boom. It was probably the top performer then rising to $16. It has recently obtained more funds and the picture has not altered . Also U308 in South America is worth keeping an eye on.

  6. Laramide is the forgotten stock from the last boom. It was probably the top performer then rising to $16. It has recently obtained more funds and the picture has not altered . Also U308 in South America is worth keeping an eye on.

  7. What stocks am I watching? With this reading, I am going to put U.TO on my watchlist; I like the volatility. I’m hoping U.TO can be options traded. Add to that is will be anyone exploring Patterson Lake South. With U3O8 prices depressed and PLS juniors in the mostly early exploration mode, I will be buying in cheap and hoping for a big rise when discoveries are made concurrent with a rise in the spot price of uranium.

  8. What stocks am I watching? With this reading, I am going to put U.TO on my watchlist; I like the volatility. I’m hoping U.TO can be options traded. Add to that is will be anyone exploring Patterson Lake South. With U3O8 prices depressed and PLS juniors in the mostly early exploration mode, I will be buying in cheap and hoping for a big rise when discoveries are made concurrent with a rise in the spot price of uranium.

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