Gold, Silver, Miners All Headed Lower as Greek Government Faces Confidence Vote

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tdp2664 InvestorPlace The U.S. Labor Department’s October employment report out Friday might have proved somewhat reassuring, but uncertainty over the fate of Greece, its government and the euro zone’s sovereign debt problems continued to cast a shadow over gold , silver and stock markets. The Labor Department reported that 80,000 jobs were created in October and revised upward employment figures for September and August, but the headline unemployment rate dropped just 0.1% to 9%. Market participants awaited the results of a planned confidence vote on Greek Prime Minister George Papandreou’s governing socialist party. Spot gold was off some 0.8% as of 11 a.m., having hit a high of $1,764.30 per ounce and a low of $1,748.10 Friday morning. Spot gold was bid at $1,750.10 with an ask price of $1,751.10. The morning reference price was fixed at $1,756 an ounce, according to Kitco market data . Spot silver was lower, down 1.45% and trading at $33.98 Bid, $34.08 Ask. The morning high as of time of writing was $34.52 per ounce, and the low was $33.74. Thursday’s reference price was set at $33.95 in the London morning fix. Gold and silver trusts were moving lower Friday morning. The SPDR Gold Trust (NYSE: GLD ) was around 0.8% lower. The iShares Gold Trust (NYSE: IAU ) also was around 0.8% lower. The iShares Silver Trust (NYSE: SLV ) was down about 1.5%. Gold and silver mining ETFs were down as well. The Market Vectors Gold Miners ETF (NYSE: GDX ) was around 2% lower. The Market Vector Junior Gold Miners ETF (NYSE: GDXJ ) was down more than 2.1%. The Global X Silver Miners ETF (NYSE: SIL ) was around 1.3% lower. Gold miners also were losing ground, with NovaGold Resources (USA) (AMEX: NG ) the exception. Agnico-Eagle Mines (USA) (NYSE: AEM ) was around 2.7% lower. Barrick Gold Corp. (NYSE: ABX ) was about 2.15% lower. Goldcorp (NYSE: GG ) was down more than 2%. Newmont Mining Corp. (NYSE: NEM ) was down more than 0.8%. NovaGold Resources was up between 0.2% and more than 0.5%. Silver miners’ shares also were losing value. Coeur D’Alene Mines Corp. (NYSE: CDE ) was some 2% lower. Hecla Mining (NYSE: HL ) was down more around 2.9%. Pan American Silver Corp. (USA) ( NASDAQ : PAAS ) was down nearly 1.4%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was between 1.75% and 2% lower. Silver Standard Resources Inc. (USA) ( NASDAQ : SSRI ) was more than 3% lower. As of this writing, Andrew Burger did not own a position in any of the aforementioned stocks.