Asia looks at Gold, Silver and Crude Oil Trade. Gold futures prices sold off Tuesday, falling to a 4-month low at 1,595.50, basis the Jun contract. The Gold price fell below the Key technical support at 1,613.00, and below Psych mark support at 1,600.00. A rallying USD index and lower Crude Oil prices, the Key outside markets, helped to drive Gold and Silver prices South Tuesday.
Yesterday amid continued carnage in equities, precious metals finally caught a bid after a prolonged sell-off that has oddly coincided with the weakness in equities throughout May.The iShares Silver (NYSEArca: ...
Looking at the universe of stocks we cover at Dividend Channel, on 5/21/12, Silver Wheaton Corp (NYSE: SLW) will trade ex-dividend, for its quarterly dividend of $0.09, payable on 6/6/12. As a percentage of SLW's recent stock price of $25.26, this dividend works out to approximately 0.36%.
It's every miner for himself right now in the gold and silver mining industry; a total rout. These stocks are getting trampled over as investors flee the sector with reckless abandon.
Please Note: Canadian stock markets are closed on Monday for Victoria Day. Gold rose $23.67 to $1597.37 in early New York trade before it drifted back lower midday, but it still ended with a gain of 1.12%. Silver surged to as high as $28.913 and ended with a gain of 2.25%.