-- Posted 4 January, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1118.00 | +$21.70 |
Silver | $17.43 | +$0.59 |
XAU | 174.02 | +3.43% |
HUI | 444.82 | +3.47% |
GDM | 1317.54 | +3.48% |
JSE Gold | 2427.83 | +17.51 |
USD | 77.52 | -0.36 |
Euro | 144.11 | +0.85 |
Yen | 108.00 | +0.38 |
Oil | $81.51 | +$2.15 |
10-Year | 3.841% | -0.002 |
T-Bond | 115.09375 | -0.28125 |
Dow | 10583.96 | +1.50% |
Nasdaq | 2308.42 | +1.73% |
S&P | 1132.99 | +1.60% |
The Metals:
Gold rose as much as 2.5% to as high as $1123.75 by about 9:30AM EST in New York before it fell back off a bit into the close, but it still ended with a gain of 1.98%. Silver followed a similar pattern and ended near its late morning high of $17.54 with a gain of 3.50%.
Euro gold rose to about €775, platinum gained $48 to $1511, and copper gained over 6 cents to a new 16 month high at about $3.39.
Gold and silver equities rose over 4% at the open before they fell back off a bit midmorning, but they still ended with over 3% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Construction Spending | Nov | -0.6% | -0.5% | -0.5% |
ISM Index | Dec | 55.9 | 54.3 | 53.6 |
Tomorrow at 10AM EST brings Factory Orders for November expected at 0.5% and Pending Home Sales for November expected at -2.0%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil topped $81 on expectations for rising energy demand due to cold temperatures across most of the US.
The U.S. dollar index fell on the continued outlook for low interest rates in the US while strong economic data overseas suggested that other countries may start to raise interest rates ahead of the fed.
Treasuries ended slightly lower on mixed economic data that sent the Dow, Nasdaq, and S&P over 1.5% higher on the outlook for continued low interest rates.
Among the big names making news in the market today were Total, GM, Credit Suisse, Novartis, and Time Warner and Fox.
GATA Posts:
Buy oil with FX cash, China central bank official urges
Volcker advocated gold price suppression in 1973
Greenspan suggested gold price suppression in 1993
James Turk: The outlook for 2010
World Gold Council is either useless or complicit in gold suppression
James Turk: The Fed's sneaky new way of raising money
The Statistics:
Activity from: 12/31/2009
Gold Warehouse Stocks: | 9,821,438 | - |
Silver Warehouse Stocks: | 112,436,308 | -9,702 |
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 | 1133.622 | 36,447,079 | US$40,859m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 124.17 | 3,990,633 | US$4,467m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 15.20 | 486,529 | US$547m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 53.02 | 1,704,691 | US$1,882m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,983 | US$6m |
COMEX Gold Trust (IAU) Total Tonnes in Trust: 79.33
Silver Trust (SLV) Total Tonnes in Trust: 9,492.97
The Miners:
IAMGOLD’s (IAG) CEO resignation, Randgold’s (GOLD) director declarations, and Sabina’s (SBB.V) completed technical report were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Entree | EGI +17.36% $2.84 |
2. Gold Reserve | GRZ +15.60% $1.26 |
3. Richmont | RIC +12.53% $4.22 |
LOSERS
1. Solitario | XPL -2.17% $2.25 |
2. Alexco | AXU-2.13% $3.68 |
3. Claude | CGR-0.85% $1.17 |
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:
Laurion Mineral Exploration Inc. Announces Extension of Warrants - More
- January 04, 2010 | Item | E-mail
Golden Peaks Resources Ltd. - News Release - More
- January 04, 2010 | Item | E-mail
AXMIN Update - More
- January 04, 2010 | Item | E-mail
Jasper Mining Corporation announces $1,000,000 private placement by the issuance of flow-through shares - More
- January 04, 2010 | Item | E-mail
Petaquilla Minerals Ltd.: Column Leach Testing Shows an Average of 81.47% Gold Recovery - More
- January 04, 2010 | Item | E-mail
Fancamp Exploration Ltd.: Option to Acquire Riviere Des Plantes Property - More
- January 04, 2010 | Item | E-mail
Medallion Closes $361,625 Flow-Through Private Placement Offering - More
- January 04, 2010 | Item | E-mail
Levon Closes $2.3 Million Brokered Private Placement - More
- January 04, 2010 | Item | E-mail
Greystar Resources Warrants to Expire January 7, 2010 - More
- January 04, 2010 | Item | E-mail
BCM Resources Corporation: Successful 2009 Exploration Programs at Lorne and Alder Molybdenum Properties - More
- January 04, 2010 | Item | E-mail
First Gold Completes Closing of Private Placement for $400,000 With MineralFields - More
- January 04, 2010 | Item | E-mail
Stans Energy Corp. Acquires an Exploration License for the Rare Earth Elements "Aktyuz Ore Field" - More
- January 04, 2010 | Item | E-mail
Grenville Subsidiaries Sign Community Agreement at Silveria Property, Terminates LOI - More
- January 04, 2010 | Item | E-mail
Merrex Closes Jubilee Zinc Sale and Acquires Control of Chrysos Capital and Its Niaouleni Gold Project - More
- January 04, 2010 | Item | E-mail
Skygold Announces Change of Company Name to Spanish Mountain Gold and Closes Financing - More
- January 04, 2010 | Item | E-mail
KWG Resources Inc. - $1.2 million received from warrant exercise - More
- January 04, 2010 | Item | E-mail
Romarco drills 33.5 meters of 4.3 g/t gold - Update on 2009 drilling program - More
- January 04, 2010 | Item | E-mail
Jourdan Resources Inc.: Closing of a $250,380 Private Placement - More
- January 04, 2010 | Item | E-mail
Cadan Appoints Chairman and Chief Operating Officer - More
- January 04, 2010 | Item | E-mail
GoldTrain Closes $330,000 Non-Brokered Private Placement of Flow-Through Units - More
- January 04, 2010 | Item | E-mail
Prophecy receives TSX Venture Exchange approval for the acquisition of the Lynn Lake Nickel Project in Manitoba; Private Placements closed totaling $2,264,699 - More
- January 04, 2010 | Item | E-mail
Tri-River reports 2009 exploration results at its Lianlong Poly-metallic Project, China - More
- January 04, 2010 | Item | E-mail
Solitaire Minerals Corp. and Ashburton Ventures Inc. Mobilize Drillers to the Chukuni Property in Red Lake, Ontario - More
- January 04, 2010 | Item | E-mail
Augusta Announces US$40M Debt Refinancing and Copper Concentrate Off-take Commitment - More
- January 04, 2010 | Item | E-mail
Century Mining Fully Funded and Reopens Lamaque Gold Project - More
- January 04, 2010 | Item | E-mail
Inmet Mining Announces the Appointment of David Beatty as Chairman of the Board and of Jochen Tilk as Director - More
- January 04, 2010 | Item | E-mail
Gentor Resources Inc. signs Letter of Intent to acquire APM Mining Ltd. and its significant copper potential in Oman - More
- January 04, 2010 | Item | E-mail
Ashburton Ventures Prepares to Drill the Red Lake Chukuni Property - More
- January 04, 2010 | Item | E-mail
Ian Watson Announces Purchase of Units of Skygold Ventures Ltd. - More
- January 04, 2010 | Item | E-mail
General Metals Releases Additional Favorable Drill Results Including 145 Feet Grading 0.020 Opt Au and 0.26 Opt Ag From Surface - More
- January 04, 2010 | Item | E-mail
Alexis Extends Offer Until January 15, 2010 - More
- January 04, 2010 | Item | E-mail
Golden Minerals Acquires Hochschild's Interest in El Quevar Project - More
- January 04, 2010 | Item | E-mail
Goldcorp Declares First Monthly Dividend Payment for 2010 - "GOLDCORP INC. (TSX:G - News)(NYSE:GG - News) is pleased to declare its first monthly dividend payment for 2010 of $0.015 per share. Shareholders of record at the close of business on Thursday, January 14, 2010 will be entitled to receive payment of this dividend on Friday, January 22, 2010." More
- January 04, 2010 | Item | E-mail
Sabina Completes Technical Report on Hackett PEA - "Sabina Gold & Silver Corp. (TSX:SBB - News) announced today the completion technical report of the previously announced preliminary economic assessment ("PEA) on its Hackett River silver project. The detailed 43-101 technical report was filed on SEDAR on December 23, 2009 outlining the PEA completed by PEG Mining Consultants ("PEG"). A summary of the PEA had been previously announced on November 12, 2009." More
- January 04, 2010 | Item | E-mail
IAMGOLD CEO to Step Down Effective January 15, 2010 - "The Board of Directors and I have agreed it would be an appropriate time for me to step down as an executive of the Company. I am proud to have lead IAMGOLD through the transformation of a joint venture player to an established operating company with a number of exciting development projects with a solid financial position and management team." More
- January 04, 2010 | Item | E-mail
Randgold Resources - Director Declaration - "In accordance with Rule 9.6.14 of the UK Listing Rules, Randgold Resources confirms that Jon Walden, a non-executive director, has informed the company that he has accepted the position of the non-executive chairman of H.R. Owen plc with effect from 1 January 2010." More
- January 04, 2010 | 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 4 January, 2010 | |