-- Posted 25 September, 2009 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $990.35 | -$6.80 | -1.80% |
Silver | $16.04 | -$0.28 | -5.81% |
XAU | 158.51 | -1.45% | -5.67% |
HUI | 397.69 | -1.49% | -6.21% |
GDM | 1186.46 | -1.44% | -6.18% |
JSE Gold | 2380.65 | -89.38 | -8.32% |
USD | 76.77 | -0.11 | +0.38% |
Euro | 146.72 | +0.17 | -0.19% |
Yen | 111.38 | +1.86 | +1.84% |
Oil | $66.20 | +$0.13 | -8.11% |
10-Year | 3.329% | -0.052 | -4.17% |
Bond | 120.96875 | +0.28125 | +0.23% |
Dow | 9665.19 | -0.44% | -1.58% |
Nasdaq | 2090.92 | -0.79% | -1.97% |
S&P | 1044.38 | -0.61% | -2.24% |
The Metals:
Gold traded mixed in Asia and London before it dropped to as low as $984.85 shortly after 8:30AM EST in New York, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.68%. Silver fell to as low as $15.93 before it also climbed back higher, but it still ended with a loss of 1.72%.
Euro gold fell to about €676, platinum lost $26.50 to $1274.50, and copper rose a few cents to about $2.73.
Gold and silver equities fell over 2% at the open before they rebounded slightly midmorning, but they then fell back off midday and remained about 1.5% lower for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Orders | Aug | -2.4% | 0.4% | 4.8% |
Durables, ex Trans. | Aug | 0.0% | 1.0% | 0.9% |
Michigan Sentiment | Sep | 73.5 | 70.5 | 70.2 |
New Home Sales | Aug | 429K | 440K | 426K |
All of this week’s other economic reports:
Next week’s economic highlights include the Case-Shiller Housing Price Index and Consumer Confidence on Tuesday, ADP Employment, GDP, and Chicago PMI on Wednesday, Personal Income and Spending, Initial Jobless Claims, Construction Spending, the ISM Index, and Pending Home Sales on Thursday, and September’s jobs data and Factory Orders on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose slightly as geopolitical worries over Iran overcame large stockpiles and tepid demand.
The U.S. dollar index fell a bit after mixed economic data had traders looking out for any comments coming out of the G20 meeting.
Treasuries rose as the Dow, Nasdaq, and S&P traded mostly modestly lower on continued worries about the economy.
Among the big names making news in the market Friday were KB Home, Palm, American Airlines, United, Hewlett-Packard, and Unilever and Sara Lee.
GATA Posts:
At Silver Summit, Embry warns about precious metals ETFs
Hugo Salinas Price: A new Magna Carta for our times
Is GATA belaboring the obvious or what still can't be talked about?
The Statistics:
Activity from: 9/23/2009
Gold Warehouse Stocks: | 9,287,579 | +8,761 |
Silver Warehouse Stocks: | 114,518,655 | -15,220 |
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 | 1094.107 | 35,176,633 | US$34,867m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 131.93 | 422,693 | US$419m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.37 | 460,538 | US$457m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.69 | 1,565,343 | US$1,581m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,989 | US$5m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 7.628 tonnes and the ASX added 3.66 tonnes.
COMEX Gold Trust (IAU)
Profile as of 9/24/2009 | |
Total Net Assets | $2,394,046,595 | 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 9/24/2009 | |
Total Net Assets | $4,700,569,858 | 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:
Vista Gold’s (VGZ) closed offering, Newmont’s (NEM) inclusion in the Dow Jones Sustainability World Index, Paramount’s (PZG) response to Klondex, and Impact’s (IPT.V) positive production decision were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Entree | EGI +9.20% $2.73 |
2. Ivanhoe | IVN+5.58% $12.67 |
3. MAG | MVG+5.54% $5.72 |
LOSERS
1. Exeter | XRA -5.31% $4.64 |
2. DRDGOLD | DROOY -5.17% $6.97 |
3. International Royalty | ROY -4.40% $3.70 |
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:
Champion Announces Grant of Stock Options - More
- September 25, 2009 | Item | E-mail
Paramount Responds to Klondex Termination - "Paramount Gold and Silver Corp. (NYSE:PZG - News)(TSX:PZG - News)(Frankfurt:P6G - News)(WKN: A0HGKQ) ("Paramount") advises that allegations made in a Klondex Mines Limited ("Klondex") news release of September 24, 2009 are misleading and incorrect and Paramount stands by its earlier statements in its news release dated September 24, 2009." More
- September 25, 2009 | Item | E-mail
RPT Updates Exploration on Its Dorion Block in the Sibley Basin - More
- September 25, 2009 | Item | E-mail
Messina Minerals Inc. Announces Private Placement - More
- September 25, 2009 | Item | E-mail
Roxmark channel sampling, drilling continues to define new gold discovery at Northern Empire Mine Property - More
- September 25, 2009 | Item | E-mail
Update on MPSA148 - More
- September 25, 2009 | Item | E-mail
Amador Gold Corp. Announces Proposed Drilling Plans on Three Timmins Gold Projects - More
- September 25, 2009 | Item | E-mail
El Nino Ventures Appoints Mr. Harry Barr as Chairman and Acting CEO - More
- September 25, 2009 | Item | E-mail
Bravo To Expand Homestake Drilling - More
- September 25, 2009 | Item | E-mail
Nanika Adds More Property at Red Cliff - More
- September 25, 2009 | Item | E-mail
Azteca Gold Corp.: Two Mile Down-Hole Geophysics to Start Week of September 28, 2009 and Outstanding Payable Settlement Finalized - More
- September 25, 2009 | Item | E-mail
Cougar Receives NI 43-101 Reports on Manitoba Properties - More
- September 25, 2009 | Item | E-mail
Formation Capital Corporation: Highest Grade-Thickness of 295.9 Intercepted to Date on Formation Capital's Virgin River Uranium Project - More
- September 25, 2009 | Item | E-mail
Sun River Energy Names Jay Leaver as President - More
- September 25, 2009 | Item | E-mail
Gold Summit and Canada Lithium Start Drilling for Lithium Brine in Nevada - More
- September 25, 2009 | Item | E-mail
Big Red Stakes Rare Earth Claims in Quebec - More
- September 25, 2009 | Item | E-mail
Hana Mining RC Drilling Intersects 2.53% Cu and 32 g/t Ag Over 17 Metres in North Limb of Banana Zone - More
- September 25, 2009 | Item | E-mail
Piedmont Mining Granted Interest in Second Oil Well - More
- September 25, 2009 | Item | E-mail
Augen Gold Acquires Strategic Claims in Southern Swayze - More
- September 25, 2009 | Item | E-mail
VMS Ventures Updates Tower Zone Drill Progam Planning; Geochemcial Anomalies Over Deep Conductors at Reed Lake Properties, Snow Lake, Manitoba - More
- September 25, 2009 | Item | E-mail
Great Western Minerals Group Makes Second Option Payment on Steenkampskraal Project - More
- September 25, 2009 | Item | E-mail
Appointment of Mr. Jeremy Weir to the Board of Anvil Mining Limited - More
- September 25, 2009 | Item | E-mail
IMPACT ANNOUNCES POSITIVE PRODUCTION DECISION AT NOCHE BUENA - "IMPACT Silver Corp. ("IMPACT") is pleased to announce a positive production decision at the Noche Buena Vein System located four kilometers southwest of IMPACT's Guadalupe processing plant in the prolific Royal Mines of Zacualpan Silver and Gold District of central Mexico." More
- September 25, 2009 | Item | E-mail
Vista Gold Corp. Announces Closing of Over-Allotment of Common Share Offering - "Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex: VGZ) is pleased to announce the closing of the sale of 1.32 million common shares, pursuant to the underwriters' exercise of the over-allotment option, which the Company granted in connection with its recently-closed public offering of common shares" More
- September 25, 2009 | Item | E-mail
For Third Consecutive Year, Newmont Selected for Dow Jones Sustainability World Index - "Newmont Mining Corporation (NYSE: NEM - News) today announced it was selected for a third consecutive year to be part of the prestigious Dow Jones Sustainability World Index (www.sustainability-index.com). In 2007, Newmont became the first gold company to join the DJSI World. In addition, Newmont was chosen for the DJSI North America Index in 2006, 2007, 2008 and 2009." More
- September 25, 2009 | Item | E-mail
- Chris Mullen, Gold Seeker Report
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-- Posted 25 September, 2009 | |
