-- Posted 18 September, 2009 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $1008.50 | -$3.20 | +0.47% |
Silver | $17.03 | -$0.18 | +2.16% |
XAU | 168.03 | -1.78% | -0.62% |
HUI | 424.01 | -1.82% | -0.49% |
GDM | 1264.68 | -1.76% | -0.51% |
JSE Gold | 2596.59 | -56.23 | -1.99% |
USD | 76.48 | +0.21 | -0.26% |
Euro | 147.00 | -0.39 | +0.80% |
Yen | 109.37 | -0.45 | -0.86% |
Oil | $72.04 | -$0.43 | +3.97% |
10-Year | 3.474% | +0.076 | +3.92% |
Bond | 120.6875 | -0.8125 | -0.97% |
Dow | 9820.20 | +0.37% | +2.24% |
Nasdaq | 2132.86 | +0.29% | +2.50% |
S&P | 1068.30 | +0.26% | +2.45% |
The Metals:
Gold traded mixed in Asia and London before it rose to see a gain of $5.87 at $1017.57 by about 9:30AM EST in New York and then quickly fell to see a loss of $4.95 at $1006.75 by a little after 10AM EST, but it then bounced back higher into the close and ended with a loss of just 0.32%. Silver climbed to see a 7 cent gain in Asia, but it then chopped its way back lower for most of trade in London and New York and ended near its low of $16.975 with a loss of 1.05%.
Euro gold fell to about €685, platinum lost $7 to $1325, and copper fell 11 cents to about $2.77.
Gold and silver equities fell almost 2% by late morning and remained at about that level for the rest of the day.
The Economy:
There were no major economic reports today. Next week’s economic highlights include Leading Economic Indicators on Monday, the FHFA US Housing Price Index on Tuesday, the FOMC rate Decision on Wednesday, Initial Jobless Claims and Existing Home Sales on Thursday, and Durable Goods Orders, Michigan Sentiment, and New Home Sales on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell slightly on the day but gained nicely on the week as traders debated geopolitics and the direction of the dollar.
The U.S. dollar index rose slightly as traders debated about what the fed my do at their meeting next week.
Treasuries fell as the Dow, Nasdaq, and S&P rose on continued optimism over the future of the economy.
Among the big names making news in the market Friday were American Airlines and JAL, and Google.
GATA Posts:
Try the Miles Franklin letter and the CMRE dinner
India's ETF investors making up for missing gold buyers
Putin complains of 'uncontrolled' dollar issuance
Jay Taylor interviews G. Edward Griffin and Ron Paul
The Statistics:
Activity from: 9/16/2009
Gold Warehouse Stocks: | 9,248,851 | -167 |
Silver Warehouse Stocks: | 117,626,151 | -160,155 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) | SPDR® Gold Shares | 1086.479 | 34,931,382 | US$35,343m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 131.20 | 4,216,714 | US$4,256m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.29 | 458,073 | US$464m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 45.03 | 1,447,770 | US$1,475m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,989 | US$5m |
Note: Change in Total Tonnes from yesterday’s data: The JSE added 0.12 tonnes.
COMEX Gold Trust (IAU)
Profile as of 9/17/2009 | |
Total Net Assets | $2,429,762,603 | Ounces of Gold
in Trust | 2,400,677.236 |
Shares Outstanding | 24,450,000 | Tonnes of Gold
in Trust | 74.67 |
Note: No change in Total Tonnes from yesterday’s data.
Silver Trust (SLV)
Profile as of 9/17/2009 | |
Total Net Assets | $4,874,973,208 | Ounces of Silver
in Trust | 280,553,742.300 |
Shares Outstanding | 285,250,000 | Tonnes of Silver
in Trust | 8,726.20 |
Note: No change in Total Tonnes from yesterday’s data.
The Miners:
Newmont’s (NEM) closed notes offering, First Majestic’s (FR.TO) liabilities settlement, and Excellon’s (EXN.TO) operational update were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Vista Gold | VGZ+5.69% $2.23 |
2. Seabridge | SA+4.36% $30.17 |
3. Solitario | XPL+3.45% $2.10 |
LOSERS
1. Tanzanian Royalty | TRE -9.35% $2.81 |
2. Golden Star | GSS -6.21% $3.17 |
3. Entree | EGI -5.62% $2.52 |
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:
Olympus Mandates Macquarie Bank Limited for $20M Loan Facility to Fund Mine Expansion - More
- September 18, 2009 | Item | E-mail
New World Increases Brokered Private Placement to $3.1 Million - More
- September 18, 2009 | Item | E-mail
SAMEX Mining Corp.: "Los Zorros Gold Property Overview" Video-Gram - More
- September 18, 2009 | Item | E-mail
Paramount Gold and Silver Corp. Confirms Date of Stockholder Meeting - "Paramount Gold and Silver Corp. (NYSE:PZG - News)(TSX:PZG - News) (Frankfurt:P6G - News)(WKN: A0HGKQ) ("Paramount") is confirming that it has set the date for its an annual and special meeting (the "Meeting") of its stockholders for October 28, 2009 for its stockholders of record as of the close of business on September 21, 2009 subject to applicable regulatory approvals. The agenda for the Meeting will include, among other things, routine corporate items as well as a resolution for Paramount's stockholders to consider related to the issuance of securities to the security holders of Klondex Mines Ltd. (TSX:KDX - News) pursuant to the news release dated July 20, 2009 (the "Transaction")." More
- September 18, 2009 | Item | E-mail
Matamec Has Negotiated New Terms for the Two Existing Debentures! - More
- September 18, 2009 | Item | E-mail
Great Western Technologies Inc Receives DARPA Contract to Develop Aluminum-Based Structural Metal Alloys - More
- September 18, 2009 | Item | E-mail
Gold Canyon Proposes Private Placement for $250,000 - More
- September 18, 2009 | Item | E-mail
Gemini Explorations Inc. Recommends Security Holders Vote FOR the Proposed Amendments to Articles - More
- September 18, 2009 | Item | E-mail
Bravo Intersects New Gold Zone at Homestake Ridge Property - More
- September 18, 2009 | Item | E-mail
Millrock Resources Inc.: Tranche One of Non-Brokered Private Placement Closed - More
- September 18, 2009 | Item | E-mail
Mansfield Minerals Inc.: Prefeasibility Study Update, Lindero Oxide Gold Deposit, Salta Province, Argentina - More
- September 18, 2009 | Item | E-mail
Castle Resources Receives Final Approval to Extend Expiry Date of Warrants - More
- September 18, 2009 | Item | E-mail
Blue Note Mining Closes $700,000 First Tranche Financing with the MineralFields Group - More
- September 18, 2009 | Item | E-mail
Highland Resources Inc.: Private Placement Arranged - More
- September 18, 2009 | Item | E-mail
Lundin Mining Enters Into Agreement for the Sale of Ozernoe Project - More
- September 18, 2009 | Item | E-mail
First Majestic Silver Corp.: Settlement of Current Liabilities Closes - "This completes a onetime process of converting some old payables related to a select group of drilling and development partners, and demonstrates the strength and support of our business relationships in Mexico. With this settlement and the prior one announced on August 20th, we have reduced our current liabilities by more than $2.7 million and have further strengthened the Company's balance sheet after our recent $9.6 million private placement." More
- September 18, 2009 | Item | E-mail
Excellon Provides Operational Update - "We are extremely pleased with the strong and stable production results from Platosa and the continued operational performance of the Miguel Auza mill. These have generated strong cash flow for the Company and have provided investors with exposure to recovering metals markets." stated Christopher Hopkins, Excellon's Chief Financial Officer. "With these production rates and current pricing levels, Platosa continues to contribute to the increasing strength of Excellon and supports our exploration and growth objectives." More
- September 18, 2009 | Item | E-mail
Newmont Realizes $1,966 Million on Completion of Senior Notes Offering - "Newmont Mining Corporation (NYSE: NEM - News; the "Company") today announced that it has realized aggregate net proceeds of approximately $1,966 million, after deducting estimated discounts and expenses, on the closing of its public offering of Senior Notes consisting of (i) 5.125% Senior Notes due 2019 in the principal amount of $900 million, and (ii) 6.250% Senior Notes due 2039 in the principal amount of $1.1 billion. The offering was made pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission." More
- September 18, 2009 | Item | E-mail
SearchGold Completes a $372,000 Financing - More
- September 18, 2009 | Item | E-mail
ATW Provides an Update on Burnakura - More
- September 18, 2009 | Item | E-mail
Capital Gold Appoints Brownlie President - More
- September 18, 2009 | Item | E-mail
VMS Ventures Reports Drill Targets Identified on Its 100% Owned Tower Zone Property - More
- September 18, 2009 | Item | E-mail
- Chris Mullen, Gold Seeker Report
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-- Posted 18 September, 2009 | |
