Gold and Silver Prices Edge Lower. Stocks to Watch: KGC, ABX, EGO, AUY, GG, SLW, AGQ, SLV, HL, SVM

Gold pricesIt seems we have entered the calm before the storm. With EU turmoil ramping up on a near daily basis, commodities are taking the wait and see approach. At this point QE is not a matter of if, it is now a when game. With the jobless claims ticking up, the labor market is looking like it is about to slip back into negative territory.

What happens from here seems to depend on the outcome in Greece this weekend. If the country slips into further chaos the likelihood of contagion ramps up and would be a boon for gold and silver bulls.

A quick look at the spot prices has gold edging lower, down 60 cents to $1617 per ounce. Silver prices are down 36 cents to $28.50.

Gold and Silver Stocks

Kinross Gold Corporation (NYSE:KGC) is up 0.91% today at $8.31. KGC has traded 1.7 million shares this morning and averages just over 10 million shares a day. KGC shares are up about $0.50 a share since last Friday. The company has a market cap of 9.42 billion.

Barrick Gold Corporation (NYSE:ABX) is down 0.34% this morning at $38.34. ABX has traded 1.6 million shares so far today and trades 9.2 million shares a day on average. ABX shares have seen choppy trading over the past week in the price range of $38.20 – $39.20. The company has a market cap of 38.31 billion.

Eldorado Gold Corp. (NYSE:EGO) is up 0.81% today at $12.49. EGO has traded 1.4 million shares so far today and trades 4.8 million shares a day on average. EGO shares have rallied about $1 a share over the past five days. The company has a market cap of 8.86 billion.

Yamana Gold, Inc. (NYSE:AUY) is down 1.17% today at $16.11. AUY has traded 1.09 million shares so far today and trades 7.4 million shares a day on average. AUY shares hit an intraday high of $16.50 yesterday, before coming back down towards the close. The company has a market cap of 12.07 billion.

Goldcorp Inc. (NYSE:GG) is down 0.83% today at $39.62. GG has traded 1.03 million shares this morning and trades 6.4 million shares a day on average. GG shares are up about $2 a share over the past few days. The company has a market cap of 32.21 billion.

Silver Wheaton Corp. (NYSE:SLW) is down 0.76% this morning at $27.44. The stock has traded 1.1 million shares in the first hour of trading and trades 5.7 million shares a day on average. SLW shares have seen choppy trading between $27 and $28 over the past week. The company has a market cap of 9.70 billion.

ProShares Ultra Silver (NYSEARCA:AGQ) is down 2.58% this morning at $41.22. AGQ has traded 830 thousand shares in early trading and trades 1.7 million shares a day on average. AGQ shares rose about $2 a share earlier this week before dropping today.

iShares Silver Trust (NYSEARCA:SLV) is down 1.43% this morning at $27.61. SLV has traded 6.3 million shares so far today and trades 14.3 million shares a day on average. Before today’s drop, SLV shares had rose about $0.80 a share since last Friday.

Hecla Mining Co. (NYSE:HL) is down 1.49% today at $4.6250. HL has traded 1.1 million shares so far today and trades 5.3 million shares a day on average. The company has a market cap of 1.32 billion.

Silvercorp Metals Inc. (NYSE:SVM) has fallen 2.77% this morning at $6.31. SVM has traded 442 thousand shares in the first hour of trading and trades 1.4 million shares a day on average. The company has a market cap of 1.08 billion.

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About MarcS

An experienced trader with a background in political science, Marc got his start as an individual trader surfing the old stock message boards. He is always on the lookout for the next big winner.

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