-- Posted 16 October, 2009 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $1050.30 | +$0.80 | +0.24% |
Silver | $17.40 | +$0.01 | -1.42% |
XAU | 176.50 | +0.31% | +0.07% |
HUI | 446.01 | +0.38% | UNCH |
GDM | 1331.17 | +0.43% | +0.01% |
JSE Gold | 2624.96 | +25.37 | -0.92% |
USD | 75.61 | +0.15 | -1.06% |
Euro | 148.95 | -0.50 | +1.21% |
Yen | 110.01 | -0.41 | -1.19% |
Oil | $78.53 | +$0.95 | +9.42% |
10-Year | 3.417% | -0.053 | +0.98% |
Bond | 119.5625 | +0.78125 | -0.34% |
Dow | 9995.91 | -0.67% | +1.33% |
Nasdaq | 2156.80 | -0.76% | +0.82% |
S&P | 1087.68 | -0.81% | +1.51% |
The Metals:
Gold fell as much as $6.80 to $1042.70 by about 8:30AM EST before it rose to see a $7 gain at $1056.50 around 11AM EST, but it then fell back off into the close and ended with a gain of just 0.08%. Silver fell to $17.18 and rose to $17.535 before it also fell back off in the last couple of hours of trade, but it still ended with a gain of 0.06%.
Euro gold rose to about €705, platinum lost $8.50 to $1337, and copper rose slightly to about $2.85.
Gold and silver equities fell about 1% at the open and rose about 1% midday before they fell back off a bit in afternoon trade, but they still ended with slight gains.
The Economy:
Report | For | Reading | Expected | Previous |
Net Long-Term TIC Flows | Aug | $28.6B | $30.0B | $15.3B |
Capacity Utilization | Sep | 70.5% | 69.8% | 69.9% |
Industrial Production | Sep | 0.7% | 0.2% | 1.2% |
Michigan Sentiment | Oct | 69.4 | 73.3 | 73.5 |
All of this week’s other economic reports:
Next week’s economic highlights include Building Permits, Housing Starts, and PPI on Tuesday, the fed’s Beige Book on Wednesday, Initial Jobless Claims, Leading Economic Indicators, and the FHFA Housing Price Index on Thursday, and Existing Home Sales on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose in late trade and ended at a new high for the year after the stronger than expected Industrial Production report raised demand expectations.
The U.S. dollar index and treasuries rose while the Dow, Nasdaq, and S&P fell on poor earnings reports.
Among the big names making news in the market Friday were Bank of America, GE, Halliburton, Fidelity, McDonald’s, and Nortel.
GATA Posts:
Fed's gold swap admission is another reason for audit, Paul says
Gene Arensberg: Two U.S. banks still hold over half silver shorts
Munich precious metals show puts Internet site in English too
Rob Kirby: Panic to find real gold at vaulting centers
The Statistics:
Activity from: 10/15/2009
Gold Warehouse Stocks: | 9,394,518 | -1,162 |
Silver Warehouse Stocks: | 116,144,289 | +970 |
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$37,353m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 132.49 | 4,258,084 | US$4,487m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.37 | 460,435 | US$487m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 52.70 | 1,694,369 | US$1,785m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,988 | US$5m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU)
Profile as of 10/15/2009 | |
Total Net Assets | $2,539,603,832 | Ounces of Gold
in Trust | 2,419,519.809 |
Shares Outstanding | 24,650,000 | Tonnes of Gold
in Trust | 75.26 |
Note: No change in Total Tonnes from yesterday’s data.
Silver Trust (SLV)
Profile as of 10/15/2009 | |
Total Net Assets | $4,855,861,090 | Ounces of Silver
in Trust | 276,900,396.800 |
Shares Outstanding | 281,650,000 | Tonnes of Silver
in Trust | 8,612.57 |
Note: No change in Total Tonnes from yesterday’s data.
The Miners:
Gammon Gold’s (GRS) short form prospectus, Seabridge’s (SA) canceled project sale, Paramount’s (PZG) public offering, Barrick’s (ABX) debt sale, Apollo’s (AGT) assay results, International Royalty’s (ROY) filed claim, Entree’s (EGI) Investment Agreement observations, SNS Silver’s (SNS.V) private placement, and Silver Quest’s (SQI.V) new acquisition were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Solitario | XPL +5.26% $2.20 |
2. Nevsun | NSU+4.32% $2.90 |
3. Aurizon | AZK+3.44% $5.11 |
LOSERS
1. Entree | EGI -4.51% $2.54 |
2. Paramount | PZG-4.17% $1.38 |
3. Banro | BAA-3.26% $2.67 |
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:
Ressources Metanor inc.-Granting of Stock Options - More
- October 16, 2009 | Item | E-mail
Brilliant Mining Corp. Announces Closing of $1 Million Private Placement - More
- October 16, 2009 | Item | E-mail
Mengold Announces Private Placements of Up to $1,200,000 - More
- October 16, 2009 | Item | E-mail
SNS Silver Announces Update on Private Placement - "SNS Silver Corporation ("SNS" or the "Company") (TSX-V:SNS - News) announces that it is continuing with its non-brokered private placement previously announced on August 7, 2009. The Company closed a portion of the private placement on August 27th for gross proceeds of $404,000 and expects to close on the remaining poritio of the private placement in the coming weeks for proceeds of up to $600,000." More
- October 16, 2009 | Item | E-mail
Gitennes to trade on TSX Venture Exchange Oct 19th - More
- October 16, 2009 | Item | E-mail
Sierra Minerals Sets Quarterly Revenue Record; Q3 2009 Gold Sales Jump to US$5.4 million - More
- October 16, 2009 | Item | E-mail
Gammon Gold Announces Filing of Final Short Form Prospectus - "Gammon Gold Inc. ("Gammon") (TSX:GAM and NYSE:GRS) announced today that it has filed a final short form prospectus in all of the provinces and territories of Canada and that a registration statement has become effective in the United States in relation to a US$100 million bought deal financing (the "Offering") that was previously announced on October 7, 2009. The net proceeds of the Offering will be used to fund an expanded operations exploration program, the advancement of the Guadalupe y Calvo project, debt repayment and general corporate purposes. The Offering is expected to close on or about October 22, 2009 and is subject to Gammon receiving all necessary regulatory approvals." More
- October 16, 2009 | Item | E-mail
Red Mountain Sale to Bonterra Not Proceeding - "Seabridge Gold (TSX:SEA - News)(AMEX:SA - News) advises that it has been informed by BonTerra Resources Inc. that BonTerra is not in a position to raise the funds necessary to complete its previously announced intention to purchase Seabridge's 100% owned Red Mountain project in British Columbia (see Seabridge news release of June 25, 2009). Seabridge intends to explore other options for the sale of its interest in the Red Mountain project." More
- October 16, 2009 | Item | E-mail
Salazar Provides Corporate Update - More
- October 16, 2009 | Item | E-mail
Letter of Intent Regarding the Acquisition of Mining Properties Known as the Castellane (Batiscan) - More
- October 16, 2009 | Item | E-mail
Apella Resources Inc.: Lac Laura Gold Project, Quebec - More
- October 16, 2009 | Item | E-mail
Asian Mineral Resources Identifies Elevated PGE's Within the Ban Phuc Deposit and at the Ban Mong Prospect - More
- October 16, 2009 | Item | E-mail
Luiri Gold Lodges Prospectus for Secondary Listing on the ASX and to Raise C$7.6 Million - More
- October 16, 2009 | Item | E-mail
Mandalay Resources Announces Full Subscription on Financing - More
- October 16, 2009 | Item | E-mail
Red Back 2009 Q3 Results to Be Released November 3, 2009; Conference Call to Be Held November 3, 2009 at 11:00 a.m. Eastern Time - More
- October 16, 2009 | Item | E-mail
Amador Gold Corp. Announces Drill Plans for Horwood Gold Property in West Timmins District - More
- October 16, 2009 | Item | E-mail
Nuinsco Provides Update on Prairie Lake Project - More
- October 16, 2009 | Item | E-mail
FCMI Financial Corporation Acquires Shares of Paramount Gold and Silver Corp. - "FCMI Financial Corporation ("FCMI Financial") has acquired 4,000,000 common shares of Paramount Gold and Silver Corp. (TSX:PZG - News)(AMEX:PZG - News)(Frankfurt:P6G - News) from treasury at a price of US$1.25 per common share in a public offering." More
- October 16, 2009 | Item | E-mail
UC Resources Reports Drill Results, Resumes Drilling in McFaulds Lake Area - More
- October 16, 2009 | Item | E-mail
Volta signs definitive agreement to purchase the advanced Kiaka Gold Project in Burkina Faso from Randgold Resources - More
- October 16, 2009 | Item | E-mail
Aldrin Options Gold Exploration Property in the Mayo Mining District, Yukon Territory - More
- October 16, 2009 | Item | E-mail
Castle Resources Closes Private Placement - More
- October 16, 2009 | Item | E-mail
Trilliant Exploration Fully Operational - More
- October 16, 2009 | Item | E-mail
Labrador Nickel Royalty Limited Partnership Files Claim Against VALE INCO for Underpayment of Voisey's Bay NSR Royalty - More
- October 16, 2009 | Item | E-mail
Laurion Mineral Exploration Inc. Receives TSX Venture Exchange Approval for the Sale of the Tisdale Properties - More
- October 16, 2009 | Item | E-mail
Jien Canada and Canadian Royalties Sign Definitive Support Agreement - More
- October 16, 2009 | Item | E-mail
Franc-Or Resources: Crocodile Gold Secures Option to Draw Upon US$25 Million Stand by Credit Facility - More
- October 16, 2009 | Item | E-mail
Crocodile Gold Secures Option to Draw Upon US$25 Million Stand by Credit Facility - More
- October 16, 2009 | Item | E-mail
Anaconda Mining Announces Quarterly Operating Profit - More
- October 16, 2009 | Item | E-mail
Corex Announces Trench Results on Santana Property - More
- October 16, 2009 | Item | E-mail
Geovic Cameroon Significantly Increases Resources at Nkamouna Cobalt Project - More
- October 16, 2009 | Item | E-mail
Extract Resources announces CEO for Swakop Uranium - More
- October 16, 2009 | Item | E-mail
Barrick Completes Sale of $1.25 Billion of Debt Securities - "Barrick Gold Corporation (NYSE:ABX - News)(TSX:ABX - News) ("Barrick") and its wholly-owned subsidiary, Barrick (PD) Australia Finance Pty Ltd ("BPDAF"), announced today the completion of the sale of $1.25 billion in debt securities comprised of: $400 million of 4.95% notes due 2020 of BPDAF and $850 million of 5.95% notes due 2039 of BPDAF, each guaranteed by Barrick." More
- October 16, 2009 | Item | E-mail
Apollo Gold Announces Assay Results for its Grey Fox Drilling Program - "The drilling program commenced on August 10, 2009, and 28 holes have been completed to date. Assays received for the first seven holes (GF09-17 through GF09-23) are shown on the attached Appendix A." More
- October 16, 2009 | Item | E-mail
International Royalty files claim against Vale Inco for underpayment of royalty - "International Royalty Corporation (NYSE-A: ROY, TSX: IRC) ("IRC" or the "Company"), as General Partner of the Labrador Nickel Royalty Limited Partnership ("LNRLP"), announced today that LNRLP has filed a claim in the Supreme Court of Newfoundland & Labrador against Vale Inco Limited ("Vale Inco") and its wholly owned subsidiaries, Vale Inco Atlantic Sales Limited ("VIASL") and Vale Inco Newfoundland and Labrador Limited ("VINL"), related to the calculation of the Net Smelter Return ("NSR") on the sale of nickel concentrates from VINL's Voisey's Bay Mine to Vale Inco." More
- October 16, 2009 | Item | E-mail
Silver Quest Resources Ltd.: New Acquisition-Capoose Area, B.C. - "Silver Quest Resources Ltd. (TSX VENTURE:SQI - News) is pleased to announce that it has entered into an option agreement with North Bay Resources of Skippack, PA to acquire a 75% interest in the Fawn and Buck Properties (four claims totaling 406.78 ha). These claims are situated approximately 10 kilometres south of the Capoose Property (see news release dated October 14, 2009) in Central, B.C. (see www.silverquest.ca for property location)." More
- October 16, 2009 | Item | E-mail
Entree Gold Interests Included in Oyu Tolgoi Investment Agreement - "Entree Gold Inc. (TSX:ETG; NYSE Amex:EGI; Frankfurt:EKA - "Entree" or the "Company") has reviewed the Investment Agreement that was signed between Ivanhoe Mines Ltd. (TSX: IVN; NYSE: IVN; NASDAQ: IVN - "Ivanhoe Mines"), its subsidiary, Ivanhoe Mines Mongolia Inc. LLC ("IMMI"), our largest shareholder Rio Tinto (NYSE: RTP - News; LSE: RIO.L - News; ASX: RIO.AX - News) and the Mongolian government on October 06, 2009 and filed October 14, 2009 on SEDAR (http://www.sedar.com)." More
- October 16, 2009 | Item | E-mail
- Chris Mullen, Gold Seeker Report
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-- Posted 16 October, 2009 | |
