-- Posted 9 October, 2009 | | Source: SilverSeek.com
Note thanks to PennTrade: Monday is Canada’s Thanksgiving Day, so the Canadian markets will be closed. Monday is also Columbus Day in the US. Banks and federal offices are closed, mail isn’t delivered, and the bond market is closed, but the US stock markets are open as usual.
| Close | Gain/Loss | On Week |
Gold | $1047.80 | -$7.10 | +4.45% |
Silver | $17.65 | -$0.12 | +9.09% |
XAU | 176.38 | -0.47% | +12.23% |
HUI | 446.01 | -0.80% | +12.99% |
GDM | 1331.10 | -0.80% | +12.78% |
JSE Gold | 2649.40 | -9.87 | +7.99% |
USD | 76.42 | +0.46 | -0.86% |
Euro | 147.17 | -0.77 | +0.95% |
Yen | 111.34 | +0.27 | -0.10% |
Oil | $71.77 | +$0.08 | +2.60% |
10-Year | 3.384% | +0.129 | +5.06% |
Bond | 119.96875 | -1.75 | -1.89% |
Dow | 9864.94 | +0.80% | +3.98% |
Nasdaq | 2139.28 | +0.72% | +4.45% |
S&P | 1071.49 | +0.56% | +4.51% |
The Metals:
Gold traded modestly lower in Asia and London and rose in New York to see just a $3.58 loss at $1051.32 by about 10AM EST before it fell all the way to $1042.80 by about noon, but it then rallied back higher in afternoon trade and ended with a loss of just 0.67%. Silver rose to see a slight gain $17.78 by about 10:30AM EST before it also fell back off, but it ended with a loss of just 0.68%.
Euro gold fell to about €712, platinum lost $12.50 to $1326.50, and copper fell 6 cents to about $2.83.
Gold and silver equities fell over 1% at the open before they rose back to about unchanged by late morning, but they then fell back off midday and ended with slight losses.
The Economy:
Report | For | Reading | Expected | Previous |
Trade Balance | Aug | -$30.7B | -$33.0B | -$31.9B |
All of this week’s other economic reports:
Next week’s economic highlights include Export and Import Prices, Retail Sales, Business Inventories, and FOMC Minutes on Wednesday, Initial Jobless Claims, CPI, and the Philadelphia Fed on Thursday, and TIC Flows, Capacity Utilization, Industrial Production, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended marginally higher after the IEA raised its expectations for oil demand in 2010.
The U.S. dollar index “rose from a 14-month low against a basket of currencies on Friday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank will be ready to tighten monetary policy as a recovery takes hold.”
Treasuries fell as the Dow, Nasdaq, and S&P rose slightly on steady earnings reports.
Among the big names making news in the market Friday were Occidental and Citigroup, General Motors, Chevron, Infosys, and Monsanto.
GATA Posts:
Fox Business interviews Jay Taylor to explain gold's rise
China's gold investors undeterred by high prices
Financial Times acknowledges Fed's political problems
Dollar dump story must have been market rigging by gold bugs
Geithner has frequent contact with Wall Street firms
The Statistics:
Activity from: 10/07/2009
Gold Warehouse Stocks: | 9,316,169 | +10,000 |
Silver Warehouse Stocks: | 116,159,278 | +801,739 |
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 | 1109.314 | 35,665,560 | US$37,498m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 130.90 | 4,207,345 | US$4,402m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.37 | 460,469 | US$483m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 52.58 | 1,690,577 | US$1,767m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,988 | US$5m |
Note: Change in Total Tonnes from yesterday’s data: The LSE added 0.67 tonnes.
COMEX Gold Trust (IAU)
Profile as of 10/8/2009 | |
Total Net Assets | $2,532,631,846 | Ounces of Gold
in Trust | 2,399,891.305 |
Shares Outstanding | 24,450,000 | Tonnes of Gold
in Trust | 74.64 |
Note: No change in Total Tonnes from yesterday’s data.
Silver Trust (SLV)
Profile as of 10/8/2009 | |
Total Net Assets | $4,917,828,388 | Ounces of Silver
in Trust | 276,310,606.400 |
Shares Outstanding | 281,050,000 | Tonnes of Silver
in Trust | 8,594.22 |
Note: No change in Total Tonnes from yesterday’s data.
The Miners:
Taseko’s (TGB) CEO award, Randgold’s (GOLD) business combination with Moto Goldmines (MGL.TO), and Keegan’s (KGN) new board members were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. US Gold | UXG+4.97% $3.17 |
2. Taseko | TGB+1.15% $2.63 |
3. Alexco | AXU+1.03% $2.93 |
LOSERS
1. Hecla | HL -5.18% $4.76 |
2. Vista | VGZ -4.56% $2.93 |
3. Mines MGMT | MGN -4.42% $2.81 |
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:
Galway awards incentive stock options - More
- October 09, 2009 | Item | E-mail
Taseko's President & CEO Receives 'Entrepreneur of the Year' Award - "Taseko Mines Limited ("Taseko" or the "Company") (TSX: TKO; NYSE Amex: TGB) is pleased to announce that Russell Hallbauer, President and CEO of Taseko, was named Pacific Ernst & Young Entrepreneur Of The Year 2009 in the Mining and Metals category." More
- October 09, 2009 | Item | E-mail
Zoro Mining Executes Option Agreement for Piedra Parada and Fritis Projects, Region III, Chile - More
- October 09, 2009 | Item | E-mail
Resolution Passed - Moto Goldmines Special Meeting - "Randgold Resources Limited is pleased to note that, at the special meeting of shareholders and optionholders of Moto Goldmines Limited (TSX: MGL) (AIM: MOE) ("Moto") held on Friday 9 October, the resolution regarding the business combination with Randgold was duly approved." More
- October 09, 2009 | Item | E-mail
Lounor drills 25.07 g/t Au at Harker - More
- October 09, 2009 | Item | E-mail
Silex Ventures Inc. Announces Additional Results From Quia Resources' Scout Drill Program on Federation Property - More
- October 09, 2009 | Item | E-mail
Resignation of Jhinson Machuca from Board of Directors, Legal Proceedings Involving Ecuadorean Partner - More
- October 09, 2009 | Item | E-mail
Eloro Terminates Acquisition of Lithium Claims in the James Bay Mining District of Northern Quebec - More
- October 09, 2009 | Item | E-mail
Moto Securityholders approve transaction with Randgold Resources - More
- October 09, 2009 | Item | E-mail
TintinaGold and AsiaBaseMetals Complete Spin-Out Transaction - More
- October 09, 2009 | Item | E-mail
Strait Gold Engages T2W Market Liquidity - More
- October 09, 2009 | Item | E-mail
Hinterland Grants 1,525,000 Stock Options - More
- October 09, 2009 | Item | E-mail
Coro Receives $900,000 From Exercise of Warrants - More
- October 09, 2009 | Item | E-mail
Benton Resources Sells 5 million Coro Mining Warrants for $350,000 - More
- October 09, 2009 | Item | E-mail
Strathmore Retains Peter Grandich as Investor Relations Consultant - More
- October 09, 2009 | Item | E-mail
Capital Gold Announces Fiscal 2009 Year End Results Conference Call - More
- October 09, 2009 | Item | E-mail
Superior Mining International Corporation: Significant Near Surface Gold Results Encountered in Drilling of New Zealand Victory Property - More
- October 09, 2009 | Item | E-mail
Augusta Appoints Endeavour as Project Finance Advisor - More
- October 09, 2009 | Item | E-mail
Coral Gold Reports Robertson's Inferred Gold Resource Increases 47% to 3.4 Million Ounces to Reflect Long-Term Gold Prices - More
- October 09, 2009 | Item | E-mail
Franc-Or Resources Corporation and Crocodile Gold Inc. Announce Closing of Subscription Receipt Financing - More
- October 09, 2009 | Item | E-mail
Gladstone Pacific Nickel Ltd. - Notification of interest in total voting rights - More
- October 09, 2009 | Item | E-mail
Everton-Amendment to its Press Release of October 8, 2009 - More
- October 09, 2009 | Item | E-mail
Cadan Announces Plant Construction and Civil Works for T'Boli Gold-Silver Mine - More
- October 09, 2009 | Item | E-mail
Paladin Energy Ltd: Settlement-Lift Capital Partners Pty Ltd - More
- October 09, 2009 | Item | E-mail
Skymark Research Initiates Independent Research Coverage on North American Palladium Ltd. - More
- October 09, 2009 | Item | E-mail
Cronus Resources Ltd. Announces Reverse Take-Over - More
- October 09, 2009 | Item | E-mail
Excalibur Resources Begins Drilling at Silver King - More
- October 09, 2009 | Item | E-mail
Preliminary Drilling Underway at Nueva California - More
- October 09, 2009 | Item | E-mail
Platinum Exploration Projects Update New Large Funded Joint Venture With JOGMEC - More
- October 09, 2009 | Item | E-mail
Mexivada re-discovers and stakes Gold Jackpot property, Nevada - More
- October 09, 2009 | Item | E-mail
Melkior Sampling Returns 13.75g/t Gold at Launay and Reports on Summer Field Programs - More
- October 09, 2009 | Item | E-mail
Colombian Mines Reports Favorable Gold Recoveries from Preliminary Metallurgical Test Work-Yarumalito Gold Porphyry, Colombia - More
- October 09, 2009 | Item | E-mail
Extract Resources - Rossing South - A new zone of mineralisation - More
- October 09, 2009 | Item | E-mail
USA Uranium Adds Chairman and Completes BLM Biological Assessment - More
- October 09, 2009 | Item | E-mail
Great Western Minerals Group Verifies Heavy Rare Earth Grades at Douglas River - More
- October 09, 2009 | Item | E-mail
European Goldfields Limited: Board and Management Changes - More
- October 09, 2009 | Item | E-mail
Russia’s 2009 gold output seen rising 11% - "The launch of several new mines in eastern Russia will enable the country, which ranked fifth among the world’s gold miners last year, to boost production faster than previously expected, the Russian Gold Industrialists Union said." More
- October 09, 2009 | Item | E-mail
Keegan Adds Experienced Mine Builders and Mine Financier to the Board - "Keegan Resources Inc. ("Keegan") (TSX:KGN - News)(AMEX:KGN - News) is pleased to announce that Keith Minty, P.Eng, Maurice Tagami P.Eng and Marcel de Groot C.A were all appointed to the company's board of directors at the recent AGM held in Vancouver." More
- October 09, 2009 | Item | E-mail
- Chris Mullen, Gold Seeker Report
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2009
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
-- Posted 9 October, 2009 | |
