NV Energy (NYSE: NVE), Patterson Companies (NASDAQ: PDCO), Speedway Motorsports (NYSE: TRK), Westinghouse Air Brake Technologies (NYSE: WAB), Minefinders Corp. Ltd. (NYSE: MFN) and Mutualfirst (NASDAQ: MFSF) ratings and price targets.
Patterson Companies (PDCO) had its “buy” rating reiterated by Bank of America (NYSE:BAC). They have a price target of $34.00 on the company.
Speedway Motorsports (TRK) was downgraded by Zacks Investment Research from an “outperform” rating to a “neutral” rating.
Westinghouse Air Brake (WAB) was downgraded by Zacks Investment Research from an “outperform” rating to a “neutral” rating.
Minefinders Corp. Ltd. (MFN) was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating.
Mutualfirst (MFSF) was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating.
NV Energy (NVE) had its price target raised by Ticonderoga from $16.75 to $20.00. They have a “buy” rating on the company.
Wednesday, January 11, 2012
NV Energy (NVE) (PDCO) (TRK) (WAB) (MFN) (MFSF) Ratings, Price Targets
Tuesday, January 10, 2012
PriceSmart (PSMT) (RSG) (MFN) (MNTA) (NNN) (NSRGY) Ratings, Price Targets
PriceSmart, Inc. (NASDAQ: PSMT), Republic Services (NYSE: RSG), Minefinders Corp. Ltd. (NYSE: MFN), Momenta Pharmaceuticals, Inc. (NASDAQ: MNTA), National Retail (NYSE: NNN) and Nestle (NASDAQ: NSRGY) ratings and price targets.
PriceSmart, Inc. (PSMT) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating.
Republic Services (RSG) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “overweight” rating to a “neutral” rating.
Minefinders Corp. Ltd. (MFN) was upgraded by TD Newcrest to a “hold” rating.
Momenta Pharmaceuticals, Inc. (MNTA) was upgraded by Zacks Investment Research from a “neutral” rating to an “outperform” rating.
National Retail (NNN) was upgraded by Raymond James (NYSE:RJF) from an “outperform” rating to a “market perform” rating.
Nestle (NSRGY) was upgraded by BNP Paribas from an “underperform” rating to a “neutral” rating.
Thursday, November 17, 2011
Minefinders (MFN) (TRX) (VOG) (SIM) (NHC) (GPL) Largest AMEX Losers Wednesday
Minefinders Corp. Ltd. (MFN), Tanzanian Royalty (TRX), Voyager Oil & Gas (VOG), Grupo Simec S.A. (SIM), National HealthCare Co. (NHC) and Great Panther Silver (GPL) were the biggest losers on the AMEX Wednesday, November 16.
Minefinders Corp. Ltd. (MFN) ended the day down 10.35 percent, closing at $12.21. They traded in a range of $12.01 to $12.96. A total of 5,578,468 shares changed hands.
Tanzanian Royalty (TRX) ended the day down 7.50 percent, closing at $2.59. They traded in a range of $2.59 to $2.77. TRX had previously closed at $2.80. A total of 594,567 shares changed hands.
Voyager Oil & Gas (VOG) ended the day down 6.13 percent, closing at $2.45. They traded in a range of $2.40 to $2.70. A total of 779,917 shares changed hands.
Grupo Simec S.A. (SIM) ended the day down 6.05 percent, closing at $6.68. They traded in a range of $6.63 to $7.06. A total of 90,177 shares changed hands.
National HealthCare Co. (NHC) ended the day down 5.61 percent, closing at $41.55. They traded in a range of $41.55 to $43.42. A total of 38,392 shares changed hands.
Great Panther Silver (GPL) ended the day down 5.30 percent, closing at $2.50. They traded in a range of $2.48 of $2.62. A total of $2.64. 1,154,921 shares changed hands.
Thursday, November 10, 2011
Hibbett (HIBB) (VLNC) (IL) (MFB) (MFN) (MRX) Downgraded
Hibbett Sports, Inc. (NASDAQ: HIBB), Valence Technology, Inc. (NASDAQ: VLNC), IntraLinks Holdings, Inc. (NYSE: IL), Maidenform Brands, Inc. (NYSE: MFB), Minefinders Corp. Ltd. (NYSE: MFN) and Medicis Pharmaceuticals (NYSE: MRX) were downgraded by analysts.
Hibbett Sports, Inc. (HIBB) was downgraded by Longbow Research from a “Buy” rating to a “Neutral” rating.
Valence Technology, Inc. (VLNC) was downgraded by Needham & Company from a “Buy” rating to a “Hold” rating.
IntraLinks Holdings, Inc. (IL) was downgraded by Jefferies (NYSE:JEF) from a “Buy” rating to a “Hold” rating. They have a price target of $7.00 on the company.
Maidenform Brands, Inc. (MFB) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.
Minefinders Corp. Ltd. (MFN) was downgraded by CIBC from a “Sector Perform” rating to an “Underperform” rating.
Medicis Pharmaceuticals (MRX) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.
Tuesday, August 23, 2011
Newmont Mining Co. (NEM) (GRMN) (GSS) (HMY) (IDSY) (MFN) (NDN) Close Up
Newmont Mining Co. (NYSE:NEM) closed Monday at 62.86, up $2.78, or 4.63 percent.
Garmin Ltd. (NASDAQ:GRMN) ended the session at $31.62, gaining $0.62, or 2.00 percent.
Golden Star Resources Ltd. (AMEX:GSS) closed Monday at $2.40, jumping $0.20, or 9.09 percent.
Harmony Gold Mining (NYSE:HMY) closed at $12.91, climbing $0.95, or 7.94 percent.
I.D. Systems Inc. (NASDAQ:IDSY) closed at $4.85, rising $0.31, or 6.83 percent.
Minefinders Corp. Ltd. (AMEX:MFN) ended the day at $16.95, increasing $1.26, or 8.03 percent.
99 Cents Only (NYSE:NDN) closed at $18.00, soaring $1.42, or 8.56 percent.
Friday, May 20, 2011
Minefinders (MFN) Trades Up While Silver Prices Fall
Minefinders Corp. Ltd. (AMEX:MFN) traded down as silver prices fell on Thursday.
Silver prices ended the session down. July delivery for silver fell 16.5 cents, or 0.5 percent, to $34.932 a troy ounce.
Gold for June delivery closed down $3.40, or 0.2 percent, at $1,492.40 a troy ounce on the Comex division of the New York Mercantile Exchange.
The ICE Futures' dollar index was down 0.5 percent at 75.106. The U.S. dollar was down against most of its major peers at the end of trading Thursday.
Terrible news on Obama's economy pressured the commodity sector.
July contracts had copper falling 5.25 cents to settle at $4.0525 a pound and platinum dropped $10.90 to $1,769 an ounce. June palladium settled down $9.05 at $728.15 an ounce.
Housing sales and manufacturing data revealed an ongoing weak and fragile American economy.
Minefinders Corporation Ltd. participates in the exploration, development, and mining of precious and base metal properties.
Minefinders Corp. Ltd. (MFN) closed Thursday at $9.47, gaining $0.02, or 0.21 percent.
Thursday, May 19, 2011
Miners (SVM) (MFN) (EXK) (AXU) (SLW) Trade Up as Silver Rebounds
Shares of Silvercorp Metals Inc. (NYSE:SVM), Minefinders Corp. Ltd. (AMEX:MFN), Endeavour Silver (AMEX: EXK), Alexco Resource (AMEX: AXU) and Silver Wheaton (NYSE:SLW) as silver, gold and the majority of other commodity prices climbed on the day.
The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.
June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.
A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.
Silvercorp Metals Inc. (SVM) closed Wednesday at $10.38, gaining $0.36, or 3.59 percent.
Tuesday, May 17, 2011
Minefinders (MFN) Drops Along with Silver Prices
Minefinders Corp. Ltd. (AMEX:MFN) dropped in Wednesday trading, as silver prices plunged again in the extremely volatile market.
The most-actively traded silver contract, for July delivery, settled down $2.971, or 7.7 percent, at $35.515 per troy ounce on the Comex division of the New York Mercantile Exchange. Silver for May delivery was down $2.971, or 7.7 percent, at $35.509.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
Minefinders Corporation Ltd. participates in the exploration, development, and mining of precious and base metal properties in Mexico and the United States.
Minefinders Corp. Ltd. (MFN) closed Wednesday at $12.72, falling $0.60, or 4.50 percent.
Minefinders (MFN) Drops Along with Silver Prices
Minefinders Corp. Ltd. (AMEX:MFN) dropped in Wednesday trading, as silver prices plunged again in the extremely volatile market.
The most-actively traded silver contract, for July delivery, settled down $2.971, or 7.7 percent, at $35.515 per troy ounce on the Comex division of the New York Mercantile Exchange. Silver for May delivery was down $2.971, or 7.7 percent, at $35.509.
Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.
Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity selloff, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.
Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.
Minefinders Corporation Ltd. participates in the exploration, development, and mining of precious and base metal properties in Mexico and the United States.
Minefinders Corp. Ltd. (MFN) closed Wednesday at $12.72, falling $0.60, or 4.50 percent.
Monday, May 16, 2011
Hecla (HL) (PAAS) (ISVLF) (MFN) (GPL) Trade Mixed As Silver Rises
Hecla Mining (NYSE:HL), Pan American Silver (NASDAQ:PAAS), Impact Silver (OTC:ISVLF.PK), Minefinders Corp. Ltd. (AMEX:MFN) and Great Panther (AMEX:GPL) trade mixed as silver climbed.
Silver and gold prices went through a reversal Friday, as gold closed down and silver rebounded to close higher, putting pressure on .
Silver prices settled up 21 cents to $35.01 an ounce. Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce.
The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.
Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.
Hecla Mining (HL) closed Friday at $8.13, down $0.01, or 0.12 percent.
Tuesday, May 10, 2011
Silver's (SLW) (FVITF) (ISVLF) (MFN) (EXK) Trade Up as Silver, Gold Rebound
Silver companies Silver Wheaton (NYSE:SLW), Fortuna (OTC:FVITF.PK), Impact Silver (OTC:ISVLF.PK), Minefinders Corp. Ltd. (AMEX:MFN) and Endeavour Silver (AMEX: EXK) closed up Monday as silver prices turned around on Monday.
Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.
According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).
Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.
The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.
Endeavour Silver (AMEX: EXK) closed Monday at $10.11, gaining $0.81, or 8.71 percent. Impact Silver (ISVLF) closed at $2.282, jumping $0.2595, or 12.83 percent.
Monday, May 9, 2011
Biggest Losers (MNTA) (DKS) (AAP) (VFC) (MFN) on May 6
Among the big, negative movers on Friday, May 6, were Momenta Pharmaceuticals (MNTA), Dick's Sporting Goods (DKS), Advance Auto Parts (AAP), V.F. Corp. (VFC) and Minefinders Corp. (MFN).
Momenta Pharmaceuticals (MNTA) was down $0.82, to close at $17.43, a loss of 4.49 percent.
Dick's Sporting Goods (DKS) fell $0.81 on the day to close at $40.01, a loss of 1.98 percent.
Advance Auto Parts (AAP) dropped $0.81 to close at $65.05, a loss of 1.23 percent.
V.F. Corp. (VFC) declined $0.81 to close the session at $99.73, a loss of 0.81 percent.
Minefinders Corp. (MFN) plunged $0.81 to end the day at $13.14, a loss of 5.81 percent.
Top AMEX Losers (MFN) (INUV) (NBY) (END) (XPO) (1-5) on May 6
The top American Stock Exchange losers (1-5) - as measured by percentages Friday on the Exchange - include Minefinders, Ltd. (AMEX:MFN), Inuvo, Inc. (AMEX:INUV), NovaBay Pharmaceuticals, Inc. (AMEX:NBY), Endeavor International Corporation (AMEX:END) and Express-1 Expedited Solutions, Inc. (AMEX:XPO).
Minefinders, Ltd. (MFN) closed Friday at $13.14, down $0.81, or 5.81 percent.
Inuvo, Inc. (INUV) ended the day at $2.37, down $0.12, or 4.82 percent.
NovaBay Pharmaceuticals, Inc. (NBY) closed at $2.10, falling $0.09, or 4.11 percent.
Endeavor International Corporation (END) closed at $11.83, declining $0.49, or 3.98 percent.
Express-1 Expedited Solutions, Inc (XPO) closed Friday at $2.20, plunging $0.09, or 3.93 percent.
Silver's (MFN) (AXU) (HL) (GPL) (EXK) After Metal Trades Down
Silver prices continued to be pressured Friday, as it has been weighed down by the investors takeing profits in recent trade, and increased margin requirements, which has dragged silver companies Alexco Resource (AMEX:AXU), Hecla Mining (NYSE:HL), Great Panther (AMEX:GPL), Minefinders Corp. Ltd. (AMEX:MFN) and Endeavour Silver (AMEX:EXK) down on the week, although most rebounded on Friday.
Silver for July delivery dropped 95.3 cents, or 2.6 percent, to $35.29 an ounce on the Comex division of the New York Mercantile Exchange. It had risen as high as $36.43 an ounce in Friday's trading.
The front-month silver contract had its worst week since late March 1980. Silver for May delivery fell 27 percent in the five-day period — its biggest percent drop since that date. The most-active July contract also was down 27 percent on the week.
Silver has lost 14 percent so far in 2011. On April 25, silver had reached as high as $49.845.
Gold for June delivery climbed $10.20, or 0.7 percent, to $1,491.60 an ounce. Gold lost 4.2 percent last week, as it had settled at a record $1,556.40 an ounce the Friday before. Gold fell 4.2 percent on the week.
Endeavour Silver (EXK) closed Friday at $9.30, gaining $0.68, or 7.89 percent.
Friday, May 6, 2011
Ratings on (DLB) (MFN) (OGE) (OMPI) (PCLN) (PSA) Downgraded
Ratings on Dolby Labs (NYSE: DLB), Minefinders Corp. Ltd. (NYSE: MFN), OGE Energy Corp. (NYSE: OGE), Obagi Medical Products, Inc. (NASDAQ: OMPI), Priceline (NASDAQ: PCLN) and Public Storage (NYSE: PSA) downgraded by analysts today.
Canaccord Genuity downgraded Dolby Labs (DLB) from a “buy” rating to a “hold” rating.
TD Newcrest downgraded Minefinders Corp. Ltd. (MFN) from a “hold” rating to a “reduce” rating.
Jefferies (NYSE:JEF) downgraded OGE Energy Corp. (OGE) from a “buy” rating to a “hold” rating. They have a price target of $55.00 on the company, down from $57.00.
Needham & Company downgraded Obagi Medical Products, Inc. (OMPI) from a “buy” rating to a “hold” rating.
Goldman Sachs (NYSE:GS) downgraded Priceline (PCLN) from a “buy” rating to a “neutral” rating. They have a price target of $600.00 on the company.
Stifel Nicolaus downgraded Public Storage (PSA) from a “buy” rating to a “hold” rating.
Endeavour (EXK) (AXU) (GPL) (SSRI) (EXK) (MFN) Crushed as Silver Drops
Alexco Resource (AMEX:AXU), Great Panther (AMEX:GPL), Silver Standard Resources (NASDAQ:SSRI), Endeavour Silver (AMEX:EXK) and Minefinders Corp. Ltd. (AMEX:MFN) got hit hard Thursday as gold and silver prices continued their fall.
The silver contract for May delivery closed 8 percent lower, down $3.152, at $36.231 per troy ounce.
Since the Friday settlement price silver has plummeted 25 percent.
Gold for May delivery, the front-month contract, ended the trading session Thursday down $34, or 2.2 percent, at $1,480.90 per troy ounce on the Comex division of the New York Mercantile Exchange.
The U.S. dollar was also up, adding pressure to the two precious metals, as it gained 2 percent against the euro. That came largely from European Central Bank President Jean-Claude Trichet who suggested there will no interest-rate boost in the near future.
Nothing has changed the underlying fundamentals for gold or silver though, and this is just a healthy correction before gold and silver prices begin moving up again.
As long as easy money policies continue by the Federal Reserve and interest rates remain near zero, there is nothing to stop gold and silver prices from continuing to rise.
Inflation, political unrest, sovereign debt crisis and the collapsing U.S. dollar will also play a major role over time for gold and silver prices.
Endeavor Silver (EXK) closed Thursday at $8.62, plummeting $1.37, or 13.71 percent.
Thursday, May 5, 2011
Silver Firms (CDE) (FVITF) (MVG) (MFN) (EXK) Trade Mixed as Silver Takes Beating
Even though silver prices got pummeled again Wednesday, silver producers Coeur d'Alene Mines (NYSE:CDE), Fortuna (OTC:FVITF.PK), Mag Silver Corporation (AMEX:MVG), Minefinders Corp. Ltd. (AMEX:MFN) and Endeavour Silver (AMEX: EXK) closed the trading day mixed, rebounding from recent losses.
The ongoing plunge in silver prices pressured commodities one Wednesday as investors sold holdings to take money off the table after weeks of prices rising in the sector.
Silver dropped $3.197, or 7.5 percent, to settle at $39.388 an ounce. That's the third straight day of losses after silver approached the elusive $50 an ounce mark last week.
Silver for July delivery dropped $2.820, at $39.765 per troy ounce.
Despite silver's three-day fall, the price is still 27.3 percent higher on the year.
Gold for June delivery, the most actively traded contract, fell $25.10 to $1,515.30 an ounce.
The U.S. dollar indexlost 0.15 percent to $73.01.
Fortuna Silver Mines closed Wednesday at $5.20, gaining $0.27, or 5.48 percent.
Wednesday, May 4, 2011
Pain for (SLW) (HL) (GPL) (AG) (MFN) As Silver Plummets
Shares of silver companies Silver Wheaton (NYSE:SLW), Hecla Mining (NYSE:HL), Great Panther (AMEX:GPL), First Majestic (NYSE:AG) and Minefinders Corp. Ltd. (AMEX:MFN) were punished again as silver prices fell in Tuesday trading.
Silver plunged another $3.49 Tuesday to settle at $42.576 per troy ounce on the Comex division of the Nymex. In after hours trading the price almost dropped below $40 an ounce.
Much of this has been the result of he decision by the CME Group to raise margin requirements by 11.6 percent, starting at the close of market on Tuesday.
To buy a 5,000 ounce contract, silver traders will now have to put up $16,200.
Leverage traders cut their silver positions over the last couple of days, driving the price of silver down. Expectations are silver could bottom out as about $38 if there's more leverage abandoning the market.
Other than some speculation, other reasons for the boost in silver prices include the collapsing U.S. dollar, tightening in China, sovereign debt crisis in Europe, unrest in the Middle East, deepening inflation and consequences of the Japanese earthquake. India also raised its interest rates unexpectedly on Tuesday, putting some downward pressure on gold and silver as well.
Hecla Mining closed Tuesday at $8.42, falling $0.45, or 5.07 percent.
Tuesday, May 3, 2011
Alexco (AXU) (SSRI) (CDE) (ISVLF) (MFN) Crushed as Silver Drops
Shares of Alexco Resource (AMEX: AXU), Silver Standard Resources (NASDAQ:SSRI), Coeur d'Alene Mines (NYSE:CDE), Impact Silver (OTC:ISVLF.PK) and Minefinders Corp. Ltd. (AMEX:MFN) got hammered as silver prices plunged Monday.
Gold for June delivery jumped 70 cents Monday to settle at $1,557.10 an ounce at the Comex division of the New York Mercantile Exchange. After losing 2.5 percent to drop to $1,540.30, the yellow metal rebounded to $1,577 an ounce.
Silver prices for July lost $2.51 to settle at $46.08 an ounce, after getting crushed 13 percent, as it fell as low as $42.20.
The U.S. dollar index changed directions after an rally early in the trading session Monday and was down 0.09 percent at $72.96. The U.S. dollar index was fell almost 4 percent in April and is struggling to keep from breaking below its record low of $71.
It is surprising to see gold and silver be pressured, as in April gold was up 8.92 percent and silver a whopping 28.72 percent.
One piece of financial information somewhat ignored Monday because of the hoopla surrounding the death of Osama bin Laden, was the manufacturing report concerning China in April which showed production had slowed down during the month. That should help the price of gold and silver going forward.
Silver Standard Resources closed Monday at $31.31, falling $3.43, or 9.87 percent.
Monday, May 2, 2011
Mag Silver (MVG) (FVITF) (AG) (MFN) (EXK) Trade Mixed as Silver, Gold Break Records Again
Mag Silver Corporation (AMEX:MVG), Fortuna (OTC:FVITF.PK), First Majestic (NYSE:AG), Minefinders Corp. Ltd. (AMEX:MFN) and Endeavour Silver (AMEX: EXK) closed mixed Friday as gold price records continue be broken.
Most-active July silver jumped $1.058, or 2.2%, to a record settlement of $48.599 a troy ounce, while the May contract rose $1.064, or 2.2 percent, to $48.584, just short of its all-time settlement high of $48.70 hit on January 17, 1980. In April, the May silver contract rallied $10.712, or 28.3 percent, to its biggest monthly U.S. dollar gain in Comex history.
Gold futures soared past $1,550 an ounce Friday as investors looked for an alternative to the U.S. dollar, which continues to collapse.
The most-actively traded gold contract, for June delivery climbed $25.20, or 1.6 percent, to settle at a record $1,556.40 a troy ounce on the Comex division of the New York Mercantile Exchange.
It roared past its intraday peak to $1,569.80 in electronic trading after the close. May gold rose $25.20, or 1.6 percent, to end at a nearby record $1,556.00. Measured by percent and the U.S. dollar, it's the largest monthly gains since November 2009.
The ICE Futures U.S. Dollar Index was down 0.2 percent on Friday, increasing demand for the dollar-denominated precious metals by making them less expensive for foreign buyers.
Inflation concerns in America, Europe, China and Russia also has contributed to the jump in gold prices.
Other factors affecting gold and silver are the collapsing U.S. dollar, sovereign debt crisis in Europe, unrest in the Middle East and consequences of the Japanese earthquake.
Silver investors have been getting jittery over the soaring prices, the reason a number of companies are trading low in the midst of high silver prices.