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-- Posted 19 January, 2007 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week | Gold | $635.40 | +$8.10 | +1.60% | Silver | $12.81 | +$0.21 | +0.23% | XAU | 133.09 | +1.45% | -1.25% | HUI | 318.28 | +2.35% | -0.57% | GDM | 1021.53 | +1.70% | -0.71% | JSE Gold | 2690.61 | -2.73% | -1.51% | USD | 84.87 | -0.07 | -0.19% | Euro | 129.63 | +0.06 | +0.32% | Yen | 82.46 | -0.01 | -0.73% | Oil | $51.99 | +$1.51 | -1.89% | 10-Year | 4.773% | +0.022 | +0.04% | Bond | 110.78125 | -0.15625 | -0.03% | Dow | 12565.53 | -0.02% | +0.08% | Nasdaq | 2451.31 | +0.33% | -2.06% | S&P | 1430.50 | +0.29% | -0.02% |
The Metals: CoT Reports: Gold | Silver  Gold traded mostly slightly higher in Asia and London before it steadily rose in late morning New York trade, doubled its gains in afternoon trade, and ended near its highs with a gain of 1.29%. Silver followed a similar pattern and gained 1.67%.
Euro gold rose to about €490, platinum gained $2 to $1,157, palladium gained $3 to $339, and copper rose over 7 cents to about $2.57. Gold and silver equities rose roughly 2% in morning trade and remained near their highs into the close. The Economy: Report | For | Reading | Expected | Previous | Michigan Sentiment | Jan | 98.0 | 92.4 | 91.7 |
All of this week’s economic reports: Next week’s economic highlights include Leading Economic Indicators on Monday, Initial Jobless Claims, the Help-Wanted Index, and Existing Home Sales on Thursday, and Durable Goods Orders and New Home Sales on Friday. The Markets: 
Charts Courtesy of http://finance.yahoo.com/ Oil rose on short covering heading into the weekend as cold weather arrived to the Northeast U.S. and increased demand. The U.S. dollar index rose after Michigan Sentient came in better than expected, but it then fell off heading into the close and ended lower as traders took profits. Treasuries fell following the strong Michigan Sentiment report that made it less likely the fed will cut interest rates anytime soon. The Dow, Nasdaq, and S&P remained near unchanged on mixed earnings reports, higher oil, and interest rate concerns. Among the big names making news in the market Friday were Motorola, Citigroup, General Electric, Morgan Stanley, and Schlumberger. The Commentary: “February Gold finished up 8.3 at 636.4, 0.6 off the high and 8.2 up from the low. March Silver closed up 0.235 at 12.92. This was 0.22 up from the low and 0.02 off the high. While the initial gains in the oil market didn't seem to specifically lift the gold market early in the session Friday, the gains in oil prices into mid session eventually served to prompt increased buying interest. With the equity market also showing signs of optimism and the Dollar lingering around unchanged for most of the session the overall environment seemed to favor the bull camp. While the February contract wasn't able to climb up to the 200 day moving average of $636.4, the upward pulse in prices seemed to erase at least part of the prior session's weakness. Certainly seeing the University of Michigan sentiment readings come in much stronger than expected also helped to diffuse the overt bearishness from the prior session, but in the near term the trade seems to be ready to look to oil prices for direction. While the March silver mostly forged an inside day (compared to the prior session), silver certainly had a more favorable outside market setup than was seen in the prior session. In fact, copper prices at times were firm, equity prices were firm and oil prices mounted a slight short covering bounce. With the US numbers also coming out positive, it seems that the trade was simply without as many negatives. Some traders have expressed concern that the March contract continues to be held under the critical psychological level of $13.00.”- The Hightower Report, Futures Analysis and Forecasting
The Statistics: As of close of business: 1/18/2007 Gold Warehouse Stocks: | 7,498,420 | - 32,099 | Silver Warehouse Stocks: | 113,315,802 | - |
Global Gold ETF Holdings [WGC Sponsored ETF’s]  | Product name | Total Tonnes | Total Ounces | Total Value | New York Stock Exchange (NYSE) AND Singapore Exchange (SGX) | Streettracks Gold Shares | 451.84 | 14,527,242 | US$ 9,223m | LSE (London Stock Exchange) AND Euronext Paris | Gold Bullion Securities | 86.49 | 2,780,624 | US$ 1,767m | Australian Stock Exchange (ASX) | Gold Bullion Securities | 10.67 | 342,760 | US$ 218m | Johannesburg Securities Exchange (JSE) | New Gold Debentures | 10.25 | 329,442 | US$ 204m |
Note: No change in Total Tonnes from yesterday’s data. COMEX Gold Trust (IAU) Profile as of 1/18/2007 | | Total Net Assets | $895,915,575 | Ounces of Gold
in Trust | 1,428,943.630 | Shares Outstanding | 14,400,000 | Tonnes of Gold
in Trust | 44.45 |
Note: No change in Total Tonnes from yesterday’s data. Silver Trust (SLV) Profile as of 1/18/2007 | | Total Net Assets | $1,528,888,720 | Ounces of Silver
in Trust | 119,101,742.400 | Shares Outstanding | 11,950,000 | Tonnes of Silver
in Trust | 3,704.48 |
Note: No change in Total Tonnes from yesterday’s data. The Stocks: Sterling Mining’s (SRLM.OB) private placement and SilverCrest’s (SVL.V) drilling were among the big stories in the gold and silver mining industry making headlines Friday. WINNERS 1. Apex Silver | SIL +6.94% $13.56 | 2. Crystallex | KRY +4.90% $3.00 | 3. Miramar | MNG+4.44% $4.23 |
LOSERS 1. Entree Gold | EGI -3.92% $1.47 | 2. Cardero | CDY -3.09% $1.57 | 3. Orezone | OZN-2.70% $1.3525 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1. All of today's gold and silver stock news: Molycor Increases Land Position in Nevada - More
- January 19, 2007 | Item | E-mail
Chapleau Resources Ltd. Intersects 9.8m (at) 4.53 grams/tonne Gold at the Nova Canaa Gold Project, Brazil - More
- January 19, 2007 | Item | E-mail
Xacord Inc. Agrees in Principle to Acquire Empire Gold Corp. in a Triangular Merger - More
- January 19, 2007 | Item | E-mail
Amerix Precious Metals Grants Options - More
- January 19, 2007 | Item | E-mail
Harris Exploration Inc. Agrees to Balsapamba Participation - More
- January 19, 2007 | Item | E-mail
Rocher Deboule Minerals Corp.: Information To Be Available Through S&P Market Access Program - More
- January 19, 2007 | Item | E-mail
Canadian Shield to Acquire Anderson Peru Mining And Exploration - More
- January 19, 2007 | Item | E-mail
Multimedia Release -- Plexmar Samples 128.5 g/t AU and 145.0 g/t AG On Bolsa Del Diablo - More
- January 19, 2007 | Item | E-mail
United Bolero options Arcadia gold deposit, Nunavut - More
- January 19, 2007 | Item | E-mail
Gentor Issues Progress Report - More
- January 19, 2007 | Item | E-mail
Arianne Acquires Properties With Uranium Potential on the North Shore Area, Quebec - More
- January 19, 2007 | Item | E-mail
Amex Exploration Inc. reports results from a first drill program at Normetal - More
- January 19, 2007 | Item | E-mail
Klondex to Exhibit at Vancouver Resource Investment Conference Jan 21st-22nd - More
- January 19, 2007 | Item | E-mail
Copper-Gold Intersection at Copper Ace Project - More
- January 19, 2007 | Item | E-mail
Uranium Star Corp. Announces Close of Private Placement Financing for Aggregate Gross Proceeds of $17.040 Million USD - More
- January 19, 2007 | Item | E-mail
Arianne Options a Gold Property in Chibougamau - More
- January 19, 2007 | Item | E-mail
International Wayside Gold Mines Ltd.: Drill Results From the Mucho Oro Gold Discovery - More
- January 19, 2007 | Item | E-mail
Crew Gold Corporation Announces Exploration Update-Drilling Continues to Extend Lefa Orebodies - More
- January 19, 2007 | Item | E-mail
Glass Earth Announces Commencement of Major Airborne Geophysics Campaign - More
- January 19, 2007 | Item | E-mail
Merrex Intersects Significant Zinc and Lead Mineralization on Jubilee Property in Nova Scotia - More
- January 19, 2007 | Item | E-mail
Additional high-grade gold and silver intersections at Natividad mine: 1.75 meters grading 23 gpt gold and over 1.0 kilo of silver - More
- January 19, 2007 | Item | E-mail
Typhoon Releases Indicated and Inferred Resources for Fayolle - More
- January 19, 2007 | Item | E-mail
Métanor increases the surface area of the Bachelor Lake property - More
- January 19, 2007 | Item | E-mail
Argentex Completes Latest Drill Program at Pinguino - More
- January 19, 2007 | Item | E-mail
Luiri Gold: Results of the Pilot Geophysics Programme at The Luiri Hills Project, Zambia - More
- January 19, 2007 | Item | E-mail
Radisson's Intersects High Grade Gold in the 36 E Zone on the O'Brien and Kewagama Project - More
- January 19, 2007 | Item | E-mail
Alhambra Resources Ltd. - 2006 Fourth Quarter and Year End Operational Summary - More
- January 19, 2007 | Item | E-mail
C2C Sampling on Escondida VIII and Don Machuca Joins the Advisory Committee - More
- January 19, 2007 | Item | E-mail
Adanac Produces Molybdenum Concentrate/Angle Holes Exceed Grade of Vertical Holes - More
- January 19, 2007 | Item | E-mail
Goldrea Resources Corp.: NI 43-101 Indicates 606,143 Ounces in Drill Indicated and Inferred Resource Analysis on Shandong Province Property - More
- January 19, 2007 | Item | E-mail
Consolidated Gold Win Ventures Inc.: Third Drill Hole at Dolly Intersects Deeper 160 Foot Heavily Mineralized Zone Below Discovery Hole - More
- January 19, 2007 | Item | E-mail
CityView Corporation's Quarterly Report - More
- January 19, 2007 | Item | E-mail
Uracan Resources Ltd. encounters significant uranium mineralization at Pipewrench Lake property, stakes additional claims in Saskatchewan - More
- January 19, 2007 | Item | E-mail
Landmark and Ucore Double Their Landholdings at Carrol's Hat Uranium Property, Newfoundland - More
- January 19, 2007 | Item | E-mail
Powertech Receives Exploration Permit for Dewey Burdock Project - More
- January 19, 2007 | Item | E-mail
Globex Receives First Russian Kid Gold - More
- January 19, 2007 | Item | E-mail
Bullion River Gold Corp. Reports Corcoran Canyon, Nevada Joint Venture Drill Results - More
- January 19, 2007 | Item | E-mail
Sterling Mining Completes US$8,498,500 Offering - "Sterling Mining Company (OTCBB:SRLM - News; the "Company") announced today that it has closed a US$8,498,500 private placement offering consisting of 3,695,000 units ("Units") at a price of US$2.30 per Unit (the "Offering"). Each Unit is comprised of one common share of the Company ("Common Shares") and one common share purchase warrant (the "Warrants"). Each Warrant is exercisable for one Common Share at an exercise price of US$4.25 for 24 months following the closing date of the Offering. The Offering was completed on a best-efforts basis with Blackmont Capital Inc. and TD Securities Inc. of Toronto, Canada, engaged as co-agents." More
- January 19, 2007 | Item | E-mail
SilverCrest Commences Phase II Drilling at Cruz de Mayo Project, Mexico - "SilverCrest Mines Inc. (the "Company") (TSX VENTURE:SVL - News; FWB:CW5) is pleased to announce it has commenced a 15 hole reverse circulation drill program totaling approximately 1,500 metres on its Cruz de Mayo Project in northern Mexico. The program will retest a number of Phase I core holes which had marginal recovery in the mineralized zone and will potentially expand known silver mineralization. Cruz de Mayo is located approximately 180 kilometres northeast of Hermosillo, Sonora, Mexico. The area is easily accessible and has excellent local infrastructure. The Company has the rights to 100% interest in the Cruz de Mayo prospect." More
- January 19, 2007 | Item | E-mail
Venezuela Mulls Mining Nationalization - "Venezuela's foreign minister on Thursday said the country is considering nationalizing its mining industry, a week after President Hugo Chavez announced plans to bring the electricity and telecommunications sectors under state control." More
- January 19, 2007 | Item | E-mail
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-- Posted 19 January, 2007 | |
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