-- Posted 23 October, 2009 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $1055.25 | -$2.40 | +0.47% |
Silver | $17.68 | +$0.15 | +1.61% |
XAU | 172.09 | -1.17% | -2.50% |
HUI | 429.82 | -0.95% | -3.63% |
GDM | 1283.47 | -0.89% | -3.58% |
JSE Gold | 2589.09 | -9.24 | -1.37% |
USD | 75.48 | +0.43 | -0.17% |
Euro | 149.98 | -0.27 | +0.69% |
Yen | 108.60 | -0.89 | -1.28% |
Oil | $81.19 | -$0.65 | +3.39% |
10-Year | 3.475% | +0.054 | +1.70% |
Bond | 119.03125 | -0.59375 | -0.44% |
Dow | 9972.18 | -1.08% | -0.24% |
Nasdaq | 2154.46 | -0.50% | -0.11% |
S&P | 1079.60 | -1.22% | -0.74% |
The Metals:
Gold saw slight gains in Asia and London and jumped higher at the open in New York to as high as $1067.25 to see an almost 1% gain at about 9AM EST before it fell back off to see a $7.58 loss at $1050.07 by late morning, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.23%. Silver followed a similar patter and climbed to as high as $17.94 before it dropped to as low as $17.472, but it also rallied back higher in late trade and was able to end with a gain of 0.86%.
Euro gold fell to about €702, platinum lost $4 to $1355, and copper gained a few cents to about $3.02.
Gold and silver equities rose over 1% at the open, but they then fell to see about 1% losses by late morning and remained at about that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | Sep | 5.57M | 5.35M | 5.09M |
All of this week’s other economic reports:
Next week’s economic highlights include Durable Goods Orders, the CaseShiller Home Price Index, and Consumer confidence on Tuesday, New Home Sales on Wednesday, GDP and Initial Jobless Claims on Thursday, and Personal income and Spending, PCE Prices, Chicago PMI, Michigan Sentiment, and the Employment Cost Index on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell slightly as the U.S. dollar index rose and treasuries fell after stronger than expected economic data increased the chances the fed will raise interest rates sooner than previously thought.
The Dow, Nasdaq, and S&P saw brief gains at the open on stronger than expected earnings reports, but they soon turned markedly lower and ended with noticeable losses on profit taking and worries over whether or not the improvement in last quarter’s earrings reports will last into following quarters.
Among the big names making news in the market Friday were Whirlpool, Schlumberger, Honeywell, and Microsoft.
GATA Posts:
Russia said planning to sell up to 50 tonnes of gold
Longwave Group sees gold doing best amid deflationary collapse
New Jersey pays Goldman millions for swaps on redeemed bonds
Montreal conference to include GATA favorites
James Turk: The stock market is now the government
The Statistics:
Activity from: 10/22/2009
Gold Warehouse Stocks: | 9,406,694 | - |
Silver Warehouse Stocks: | 115,524,148 | +838,711 |
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 | 1108.094 | 35,626,334 | US$37,817m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 132.18 | 4,267,750 | US$4,508m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.37 | 460,400 | US$488m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 52.70 | 1,694,257 | US$1,785m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,987 | US$5m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 75.26 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 8,612.57 - No change from yesterday’s data.
The Miners:
Apollo Gold’s (AGT) LOI to sell Montana Tunnels Mining, Inc. was the only big story in the gold and silver mining industry making headlines Friday.
WINNERS
1. Banro | BAA +5.93% $2.50 |
2. Gold Reserve | GRZ +3.87% $1.07 |
3. Entree | EGI +3.29% $2.51 |
LOSERS
1. DRDGOLD | DROOY-9.25% $6.28 |
2. Vista | VGZ -5.07% $2.81 |
3. Solitario | XPL -2.65% $2.05 |
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:
Eagle Hill Continues Financing Efforts With IBK Capital - More
- October 23, 2009 | Item | E-mail
Cadan Resources Corporation: Share Consolidation - More
- October 23, 2009 | Item | E-mail
Seafield Closes First Tranche of Private Placement and Appoints Eduardo Baer Chairman and CEO - More
- October 23, 2009 | Item | E-mail
HudBay to Host Conference Call for Third Quarter 2009 Results - More
- October 23, 2009 | Item | E-mail
USA Uranium Explores Comstock Royalty Plan and Pursues Additional Gold Properties - More
- October 23, 2009 | Item | E-mail
Golden Predator Appoints Mr. John Legg as President - More
- October 23, 2009 | Item | E-mail
Uranerz Receives Air Quality Permit for ISR Mine Construction - More
- October 23, 2009 | Item | E-mail
Miranda Gold Adds New Project to Nevada Portfolio - More
- October 23, 2009 | Item | E-mail
Western Lithium to Acquire Rocky Mountain Resources - More
- October 23, 2009 | Item | E-mail
Amerigo Announces Additional Short Term Copper Hedging Program - More
- October 23, 2009 | Item | E-mail
U3O8 Corp. to Early Adopt International Financial Reporting Standards in 2010 - More
- October 23, 2009 | Item | E-mail
Thelon Acquires Land in Stewart Mining Camp - More
- October 23, 2009 | Item | E-mail
Cameco Updates Progress at Cigar Lake - More
- October 23, 2009 | Item | E-mail
Kirrin Resources Announces Drill Start-Up at Boxey Point Uranium Project - More
- October 23, 2009 | Item | E-mail
Victoria Intersects Wide Gold Zone at Santa Fe of 309m Grading 2.25 g/t - More
- October 23, 2009 | Item | E-mail
North American Tungsten Corporation Ltd.-MacTung Project: Yukon Environmental and Socio-Economic Proposal Accepted - More
- October 23, 2009 | Item | E-mail
Apollo Gold Announces Entry into Letter of Intent to Sell Montana Tunnels Mining, Inc. - "Apollo Gold Corporation (“Apollo”) (TSX: APG - News) (NYSE Amex: AGT) is pleased to announce that it has entered into a letter of intent with Elkhorn Goldfields LLC (“Elkhorn”) pursuant to which Elkhorn has agreed to purchase all the outstanding capital stock in Montana Tunnels Mining, Inc., an indirect wholly owned subsidiary of Apollo (“Montana Tunnels”), which includes the 50% interest held by Montana Tunnels in the joint venture agreement with Elkhorn Tunnels, LLC (an affiliate of Elkhorn), the Diamond Hill mine and mill and any and all ancillary assets for a purchase price of US$9 million, payable as described below. The Montana Tunnels mine has been on care and maintenance since April 30, 2009." More
- October 23, 2009 | Item | E-mail
- Chris Mullen, Gold Seeker Report
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-- Posted 23 October, 2009 | |
