Gold, silver prices news may 8 2011

Gold, silver prices news may 8 2011 : The selloff in metals was initiated by a knee-jerk reaction to Osama Bin Laden's death on the argument that the safe haven trade in favour of precious metals may no longer valid. The gold and silver sell-off were limited to 5%, before a modest rebound ensued in Monday Europe. But the main culprit to the metals selloff was the subsequent increases in silver margin requirements at the Comex, which accumulated an 84% increase in 2 weeks. Liquidation became the name of the game regardless of whether Boston Fed's Rosengren said USD weakness was not responsible for inflation or that further easing measures were not off the table.

Radius Provides Update on Eastern Guatemala Gold/Silver District
Radius Gold Inc. (TSX-V: RDU) is pleased to provide a comprehensive update on its recent exploration activities in the highly prospective low-sulphidation epithermal gold-silver district in eastern Guatemala. Read More...

That's a Brit of all right! It's gold and silver for canoeists at World Cup
Great Britain's flatwater canoeists won gold and silver on the final day of the World Cup in Poznan. Ed McKeever claimed victory in the 200m final at the venue where he won the world championship last year, seeing off the challenge of Poland's Piotr Siemionowski, who was second, and Oleg Kharytonov of Ukraine in third. Read More...

Gold and Silver Bullish Arugments
This headline-charged first week of May has been dominated by the announced death of Osama Bin Laden, a historic 5-cent retreat in the euro and the greatest weekly decline in silver. But the week could have witnessed a positive transition (another one) in favour of precious metals. Read More...

Silver Crashes, Stocks Slide
Super-heated commodities markets stumbled badly last week and, momentarily, took the stock market with them. But the sudden rout ended with a surprisingly strong April jobs report on Friday morning. Read More...

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