-- Posted 11 December, 2009 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $1118.60 | -$6.30 | -4.30% |
Silver | $17.09 | -$0.09 | -7.37% |
XAU | 172.44 | -2.10% | -5.23% |
HUI | 443.66 | -2.18% | -5.78% |
GDM | 1314.51 | -2.09% | -5.75% |
JSE Gold | 2523.04 | -21.87 | -4.18% |
USD | 76.53 | +0.53 | +0.96% |
Euro | 146.21 | -1.12 | -1.52% |
Yen | 112.29 | -0.92 | +1.59% |
Oil | $69.87 | -$0.67 | -7.42% |
10-Year | 3.540% | +0.058 | +1.64% |
Bond | 118.90625 | -0.500 | -0.80% |
Dow | 10471.50 | +0.63% | +0.80% |
Nasdaq | 2190.31 | -0.03% | -0.18% |
S&P | 1106.41 | +0.37% | +0.05% |
The Metals:
Gold steadily rose in Asia and London to see a gain of $17.15 at as high as $1142.05 by a little after 7AM EST before it fell back off for most of the morning in New York and dropped to as low as $1109.15 by a little before noon EST, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.56%. Silver climbed over 2% to as high as $17.60 before it also fell back off in early New York trade and dropped to as low as $16.892 by a little before noon EST, but it then rallied back higher into the close and ended with a loss of just 0.52%.
Euro gold remained at about €765, platinum gained $11.50 to $1425, and copper rose a few cents to about $3.11.
Gold and silver equities fell over 2% midday and remained at about that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Import Prices | Nov | 1.7% | - | 0.8% |
Import Prices ex-oil | Nov | 0.4% | - | 0.4% |
Export Prices | Nov | 0.8% | - | 0.2% |
Export Prices ex-ag. | Nov | 0.7% | - | 0.2% |
Retail Sales | Nov | 1.3% | 0.6% | 1.1% |
Retail Sales ex-auto | Nov | 1.2% | 0.4% | 0.0% |
Michigan Sentiment | Dec | 73.4 | 68.8 | 67.4 |
Business Inventories | Oct | 0.2% | -0.2% | -0.5% |
House passes broad Wall Street regulatory overhaul Yahoo
All of this week’s other economic reports:
Next week’s economic highlights include PPI, Empire Manufacturing, TIC Flows, Capacity Utilization, and Industrial Production on Tuesday, CPI, Building Permits, Housing Starts, and a FOMC Rate Decision on Wednesday, and Initial Jobless Claims, Leading Economic Indicators, and the Philadelphia Fed on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell for an eighth straight session to under $70 a barrel as the U.S. dollar index rose to a 2-month high on the better than expected Retail Sales data that sent treasuries lower and the Dow, Nasdaq, and S&P mostly higher on the day.
Among the big names making news in the market Friday were JPMorgan, Procter & Gamble, Ford, GM, and Goldman Sachs.
GATA Posts:
Gold: The ultimate un-bubble
The Statistics:
Activity from: 12/09/2009
Gold Warehouse Stocks: | 9,691,749 | -11,318 |
Silver Warehouse Stocks: | 111,573,242 | +89,791 |
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 | 1116.247 | 35,888,445 | US$40,495m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 127.12 | 4,082,499 | US$4,557m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 15.20 | 486,654 | US$546m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 53.52 | 1,720,760 | US$1,942m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,984 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: The LSE subtracted 0.28 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 81.77 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,514.35 - No change from yesterday’s data.
The Miners:
Pacific Rim’s (PMU) financing and IAMGOLD’s (IAG) dividend were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Ivanhoe | IVN +4.90% $13.49 |
2. Gold Reserve | GRZ +4.48% $1.40 |
3. Mines MGMT | MGN +2.23% $2.75 |
LOSERS
1. Allied Nevada | ANV -6.45% $12.61 |
2. Entree | EGI -3.85% $2.25 |
3. Yamana | AUY -3.68% $12.05 |
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:
Eaglecrest Closes Non-Brokered Private Placement and Shareholders Approve Share Consolidation - More
- December 11, 2009 | Item | E-mail
Lincoln Mining adopts Shareholder Rights Plan - More
- December 11, 2009 | Item | E-mail
Oro Silver Resources Ltd.: Non-Brokered Private Placement Amended - More
- December 11, 2009 | Item | E-mail
Uranium Star Receives Conditional TSX Venture Listing Approval - More
- December 11, 2009 | Item | E-mail
Explor Resources Inc.: Private Placement - More
- December 11, 2009 | Item | E-mail
Duluth Metals Receives NI 43-101 Report and Updated Resource Estimate for the Nokomis Deposit - More
- December 11, 2009 | Item | E-mail
Victory Nickel Advised by Manitoba Government That Minago Road Construction Permit and Quarry Lease Will be Granted - More
- December 11, 2009 | Item | E-mail
Metanor Completes $7.0 Million Private Placement - More
- December 11, 2009 | Item | E-mail
IAMGOLD Declares Ninth Consecutive Annual Dividend - "IAMGOLD Corporation (TSX:IMG - News)(NYSE:IAG - News)(BOTSWANA: IAMGOLD)("IAMGOLD" or "the Company") is pleased to declare an annual dividend payment of USD$0.06 per share payable on January 12, 2010 to shareholders of record as of the close of trading on December 24, 2009. For purposes of subsection 89(14) of the Income Tax Act, the Company designates all dividends payable on January 12, 2010 to be eligible dividends." More
- December 11, 2009 | Item | E-mail
Dia Bras Continues to Expand Development at its Bolivar Cu-Zn Project - More
- December 11, 2009 | Item | E-mail
Duluth Metals Receives NI 43-101 Report and Updated Resource Estimate for the Nokomis Deposit - More
- December 11, 2009 | Item | E-mail
Osisko and Clifton Star Complete Joint Venture Agreement on Duparquet Project - More
- December 11, 2009 | Item | E-mail
Duran Ventures Begins Exploration Program on Double Jack Properties - More
- December 11, 2009 | Item | E-mail
Western Troy Completes $1,600,000 Financing - More
- December 11, 2009 | Item | E-mail
Trevali Closes $7.7-Million Non-Brokered Private Placement - More
- December 11, 2009 | Item | E-mail
Lundin Mining Releases 2010 Guidance - More
- December 11, 2009 | Item | E-mail
Metalex progress report on James Bay, Ontario projects - More
- December 11, 2009 | Item | E-mail
Aldridge Announces Private Placement - More
- December 11, 2009 | Item | E-mail
Southern Arc Provides a Further Update on the Revision of the Provincial Regulation (Perda) - More
- December 11, 2009 | Item | E-mail
Capital Gold Reports First Quarter Net Income Up 52% - More
- December 11, 2009 | Item | E-mail
Vantex Resources Ltd./Hurd: 7.5 Metres at 1.011 g/t Au - More
- December 11, 2009 | Item | E-mail
JOURDAN Update on the 3,000 Metre Winter Drilling Campaign at the 9 to 10 Million Pound Drucourt Uranium Zone on the Baie Johann-Beetz Property - More
- December 11, 2009 | Item | E-mail
Redstar Hires Renmark Financial Communications - More
- December 11, 2009 | Item | E-mail
Lithium Americas Corp. Announces Encouraging Drill Results and $10.5 Million Equity Financing - More
- December 11, 2009 | Item | E-mail
Pele Mountain Samples 50 g/t Gold, 161 g/t Silver 4.3% Zinc, and 1.2% Lead at West Highland - More
- December 11, 2009 | Item | E-mail
Bard Ventures Ltd.: Drilling Update-Lone Pine Molybdenum Project - More
- December 11, 2009 | Item | E-mail
Freewest Urges Shareholders Not to Tender to Noront Offer - More
- December 11, 2009 | Item | E-mail
Interest Payment on Katanga Notes - More
- December 11, 2009 | Item | E-mail
First Uranium Chairman Nigel Brunette and CEO Gordon Miller to relinquish Simmer & Jack roles to focus exclusively on First Uranium - More
- December 11, 2009 | Item | E-mail
Mercator Gold plc: Update on Evaluation of Copper Flat Project, New Mexico, USA - More
- December 11, 2009 | Item | E-mail
Pacific Rim Undertaking Financing - "Pacific Rim Mining Corp. (TSX:PMU - News)(AMEX:PMU - News) ("Pacific Rim" or "the Company") announces its intention to sell, by way of a non-brokered private placement, an aggregate of up to 11.8 million Units at a price of CDN $0.20 per Unit for gross proceeds of up to CDN $2.36 million. The private placement will be on a best-efforts/commercially reasonable basis." More
- December 11, 2009 | Item | E-mail
- Chris Mullen, Gold Seeker Report
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-- Posted 11 December, 2009 | |
