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Gold Seeker Closing Report: Gold and Silver End With Modest Gains

By: Chris Mullen, Gold-Seeker.com


-- Posted 26 April, 2010 | | Source: SilverSeek.com

 

Close

Gain/Loss

Gold

$1153.45

+$0.30

Silver

$18.30

+$0.14

XAU

172.49

+0.03%

HUI

440.98

-0.27%

GDM

1325.87

-0.17%

JSE Gold

2321.12

+8.21

USD

81.39

-0.03

Euro

133.66

-0.17

Yen

106.35

-0.07

Oil

$84.20

-$0.92

10-Year

3.815%

-0.002

T-Bond

117.3125

UNCH

Dow

11205.03

+0.01%

Nasdaq

2522.94

-0.28%

S&P

1212.05

-0.43%

 
 

 

The Metals:

 

Gold saw decent gains in Asia before it fell back off in London and dropped to as low as $1150.75 by early afternoon in New York, but it then bounced back higher into the close and ended with a gain of 0.03%.  Silver fell to as low as $18.21 by midmorning in New York before it also rallied back higher and ended with a gain of 0.88%.

 

Euro gold rose to a new all-time high above €865, platinum gained $6.50 to $1738, and copper rose slightly to about $3.52.

 

Gold and silver equities traded mostly slightly higher and ended near unchanged.

 

The Economy:

 

There were no major economic reports today.  Tomorrow at 9AM EST brings the Case-Shiller 20-city Index for February expected at -0.1% and at 10AM is Consumer Confidence for April expected at 53.5.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell on renewed worries over Greece that sent the euro lower.  The U.S. dollar index reversed early gains and ended slightly lower.

 

Treasuries ended unchanged as the Dow, Nasdaq, and S&P reversed early gains and ended mixed after a better than expected earnings report from Caterpillar was offset by concerns over Greece.

 

Among the big names making news in the market today were Hertz and Dollar thrifty, Citigroup, and Caterpillar.

 

GATA Posts:

 

 

Apparently without announcement, IMF sold 5.6 tonnes in February

Peter Brimelow: Gold survives Goldman Sachs

Gene Arensberg: Gold survives post-Goldman sell-down attempt

Jeff Nielson: Goldman Sachs and gold

Goldman execs cheered big profits as housing market crashed

Worst is over for gold and silver, Ted Butler tells King World News

Puru Saxena: Why wouldn't gold be manipulated? Everything else is

Thom Simmons wrote commentary on Goldman's rape of Ashanti

Gene Arensberg: Slight covering by commercial shorts in gold and sliver

It's worse at the CFTC, where they watched Maria Bartiromo, clothed

 

The Statistics:

Activity from: 4/23/2010

Gold Warehouse Stocks:

10,158,044

+6,336

Silver Warehouse Stocks:

115,468,386

+135,231

 

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

1140.128

36,656,261

US$42,305m

London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse )

Gold Bullion Securities

115.32

3,706,031

US$4,276m

Australian Stock Exchange (ASX)

Gold Bullion Securities

14.21

476,251

US$527m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

49.18

1,581,287

US$1,793m

NASDAQ Dubai

Dubai Gold Securities

0.155

4,977

US$6m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 78.31: +1.53 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 8,912.94 - No change from yesterday’s data.

 

The Miners:

 

Tanzanian Royalty’s (TRE) comments on Tanzania’ passed proposed Mining Act 2010, Apollo’s (AGT) unwound currency hedges and paid down debt, Fronteer’s (FRG) acquisition of Nevada Eagle Resources LLC from Gryphon Gold Corp., US Gold’s (UXG) drill results, ITH’s (THM) assay results, Randgold’s (GOLD) mine development, Fortuna’s (FVI.V) results of a positive Pre-feasibility Study, ECU Silver’s (ECU.TO) new appointments, and Sabina’s (SBB.V) option to earn up to a 100% interest on the Cook Lake Volcanic Massive Sulphide ("VMS") properties were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  New Gold

NGD+4.04% $5.93

2.  Solitario

XPL +3.53% $2.35

3.  Endeavour

EXK +2.80% $3.67

 

LOSERS

1.  Timberline

TLR -4.31% $1.12

2.  DRDGOLD

DROOY-3.48% $4.99

3.  Gold Reserve

GRZ -3.42% $1.13

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:

Forum Drills Promising Results at the Key Lake Road Project - More
- April 26, 2010 | Item | ShareThis


Supatcha Resources Selects eXpress IR to Expand Investor Community Exposure - More
- April 26, 2010 | Item | ShareThis


Emgold Closes Second Tranche of Private Placement Financing - More
- April 26, 2010 | Item | ShareThis


Alexis Minerals Announces Approval for Acquisition of Remaining Shares of Garson Gold - More
- April 26, 2010 | Item | ShareThis


North American Palladium Announces Exercise of Over-Allotment Option - More
- April 26, 2010 | Item | ShareThis


Bayswater Completes Core Management Team for the Reno Creek Uranium Project, Wyoming - More
- April 26, 2010 | Item | ShareThis


First Point Closes $7,500,000 Non-Brokered Private Placement - More
- April 26, 2010 | Item | ShareThis


American Paramount Gold Corp. Closes Transaction to Acquire 100% Interest in Cap Gold Project - More
- April 26, 2010 | Item | ShareThis


Mountain Boy Minerals Ltd.: Corporate Update-2010 Exploration Programs - More
- April 26, 2010 | Item | ShareThis


Macusani Yellowcake Announces Positive Preliminary Economic Assessment for the Colibri II/III Uranium Property With A Pre-Tax IRR of 20.7% at US$65 U3O8 - More
- April 26, 2010 | Item | ShareThis


Treasury Metals Reports Final Drill Results Confirming Gold at 725 Metres - More
- April 26, 2010 | Item | ShareThis


Fortuna Receives Positive Pre-Feasibility Study for the San Jose Project; Construction Activities to Commence - "Fortuna Silver Mines Inc. (Fortuna) (TSX: FVI/Lima Stock Exchange: FVI) - is pleased to announce the results of a positive Pre-feasibility Study (PFS) for its 100% owned San Jose Project in Oaxaca, Mexico. The PFS was prepared by Chlumsky, Armbrust and Meyer (CAM) from data supplied by Fortuna and their consultants. CAM is an internationally recognized mining consulting firm based in Denver, Colorado." More
- April 26, 2010 | Item | ShareThis


Centurion Minerals Engages Maison Placements for $5 Million Brokered Private Placement - More
- April 26, 2010 | Item | ShareThis


Oroco Announces Appointment of Chief Consulting Engineer - More
- April 26, 2010 | Item | ShareThis


Drilling Starts at Gleichen's Morelos Gold Project - More
- April 26, 2010 | Item | ShareThis


New Tanzanian Mining Act Levels Playing Field With Other African Jurisdictions - "Tanzanian Royalty Exploration Corporation wishes to announce that the government of Tanzania has passed its proposed Mining Act 2010 which appears to bring the country's royalty rates for minerals production more in line with other African mining nations." More
- April 26, 2010 | Item | ShareThis


Firstgold Releases Control of All Assets to Secured Lenders - More
- April 26, 2010 | Item | ShareThis


Ventana Clarifies No Impact of Colombian Mining Legislation on La Bodega Project - More
- April 26, 2010 | Item | ShareThis


Noront announces Eagle's Nest NI 43-101 compliant technical report filing - More
- April 26, 2010 | Item | ShareThis


Revised: Hard Creek Nickel Completes Non Brokered Private Placement - More
- April 26, 2010 | Item | ShareThis


Corex Gold Corp. Begins Airborne Survey - More
- April 26, 2010 | Item | ShareThis


Goldstone Reports Expansion of NN Zone Mineralization at Hardrock Including 22.97 g/t Au Across 24.8 Metres - More
- April 26, 2010 | Item | ShareThis


Element92 Signs Agreement to Acquire Majority Stake in Gold Trading Seat Company - More
- April 26, 2010 | Item | ShareThis


Ethos Capital Corp. Conducts Exploration Programs at Santa Teresa and Corrales - More
- April 26, 2010 | Item | ShareThis


Virginia Mines Inc.: $2.5 M Flow-Through Private Placement Financing - More
- April 26, 2010 | Item | ShareThis


Sphere Resources Inc.: Agreement for the Purchase of Two Salars in the Puna Region in Argentina for Development of Sodium Carbonate - More
- April 26, 2010 | Item | ShareThis


Excellent drill results over significant widths at the Marmato Project exploration and infill drilling program - More
- April 26, 2010 | Item | ShareThis


Matamec's Early Stage Metallurgical Work on the Kipawa Deposit - More
- April 26, 2010 | Item | ShareThis


Landen Capital Corp.: Initial Exploration Program Completed at the Arizona Gold Project - More
- April 26, 2010 | Item | ShareThis


VHGI Holdings, Inc. Reports 32% Reduction in Liabilities as Reported on the Companies Latest 10K Filing - More
- April 26, 2010 | Item | ShareThis


Uracan discovers significant new uranium mineralization in drilling on Costebelle claims - Up to 25.95 meters of 0.048% (0.96 lbs/t) U3O8 - More
- April 26, 2010 | Item | ShareThis


Silver Falcon Mining, Inc. (SFMI) Intitiates Listing on Brazilian Stock Exchange, BOVESPA - More
- April 26, 2010 | Item | ShareThis


NV Gold Acquires Cortez-Trend Gold Project - More
- April 26, 2010 | Item | ShareThis


Tiex Inc. Commences Drilling Gold Creek Gold Property - More
- April 26, 2010 | Item | ShareThis


GoldSpring Announces New Chief Executive Officer and Strategic Plan - More
- April 26, 2010 | Item | ShareThis


Opawica update on Atikwa Lake drilling and Bro property - More
- April 26, 2010 | Item | ShareThis


Tuffnell Ltd. Announces Fully Subscribed Financing for Advanced Gold Project in Arizona - More
- April 26, 2010 | Item | ShareThis


Fire River Gold Announces 2.28 opt (78.03 g/t) Gold Over 15.8 ft (4.8 m), Nixon Fork Gold Mine, Alaska - More
- April 26, 2010 | Item | ShareThis


TNR Gold Subsidiary Serves Notice of Back-In Into Los Azules to Minera Andes and Secures Standby Credit Facility - More
- April 26, 2010 | Item | ShareThis


NMC Resource Corporation: Test Production Successfully Completed/Commercial Production Commencement - More
- April 26, 2010 | Item | ShareThis


Novus Gold Corp.: Drilling to Commence on Ren Gold Property - More
- April 26, 2010 | Item | ShareThis


Premier expands NN Zone mineralization at Hardrock including 22.97 g/t Au across 24.8 metres - More
- April 26, 2010 | Item | ShareThis


Greystar Resources Announces Request by the Colombian Government for a New Angostura Environmental Impact Assessment - More
- April 26, 2010 | Item | ShareThis


Tasman acquires new rare earth element project at Otanmaki in Finland - More
- April 26, 2010 | Item | ShareThis


Rockgate Contracts Golder Associates to Commence Environmental and Social Impact Studies at Falea U, Ag, Cu Project, Mali, West Africa - More
- April 26, 2010 | Item | ShareThis


Western Uranium Announces Results of AGM Matters - More
- April 26, 2010 | Item | ShareThis


Gryphon Gold Sells Nevada Eagle Resources LLC - More
- April 26, 2010 | Item | ShareThis


BE Resources Receives Warm Springs Drilling Permit - More
- April 26, 2010 | Item | ShareThis


General Moly Receives $10 Million Under Hanlong Bridge Loan Agreement - More
- April 26, 2010 | Item | ShareThis


Stratabound Completes $1,532,687 in Private Placements - More
- April 26, 2010 | Item | ShareThis


General Moly Announces Nevada District Court Remands Mt. Hope Water Rights Decision Back to State Engineer - More
- April 26, 2010 | Item | ShareThis


Denison's Winter Drill Program Continues to Expand Wheeler River Phoenix Deposit - More
- April 26, 2010 | Item | ShareThis


Balmoral Announces Management Changes - More
- April 26, 2010 | Item | ShareThis


Probe Mines to Acquire the Borden Lake Gold Project, Chapleau, Ontario - More
- April 26, 2010 | Item | ShareThis


Coral Gold Closes Private Placement-Final Closing - More
- April 26, 2010 | Item | ShareThis


Sabina Gold & Silver Signs Term Sheet for Earn in Option on Cook Lake Properties Adjoining the Lalor Gold Deposit in Manitoba - More
- April 26, 2010 | Item | ShareThis


Great Western Minerals Group Ltd Appoints Mohamed Madhi to Advisory Board - More
- April 26, 2010 | Item | ShareThis


Mantra Resources: Mkuju River Project permitting update - More
- April 26, 2010 | Item | ShareThis


Advanced Explorations Inc. Metallurgical Results Enhance Development Options - More
- April 26, 2010 | Item | ShareThis


Tribunal Contensioso Administratrativo Extends Injunction at Crucitas Gold Project - More
- April 26, 2010 | Item | ShareThis


ECU Silver Announces New Appointments - "ECU Silver Mining Inc. (TSX:ECU - News), which holds a mineral resources of over 6 million gold equivalent ounces, is pleased to announce three new appointments to its management and operations team. Mr. Ralph Stricklen has joined the company as Vice President, Operations, Mr. Jorge Lujan Acuna as Mine Manager and Mr. Mark Butler has joined as Investor Relations." More
- April 26, 2010 | Item | ShareThis


Apollo Gold Unwinds Foreign Currency Hedges and Pays Down Debt by ~US$8 Million - "Apollo Gold Corporation (TSX: APG - News)(NYSE Amex: AGT) (“Apollo”) and Linear Gold Corp. (TSX:LRR - News) (“Linear”) announce that Apollo has unwound its Canadian dollar currency hedges that were originally entered into in connection with Apollo’s US$70 million Black Fox Project Facility Agreement (the “Facility Agreement”). As a result of this action, gross proceeds to Apollo were approximately US$8.2 million, which will be used to reduce the debt outstanding under the Facility Agreement." More
- April 26, 2010 | Item | ShareThis


Fronteer Expands Gold Portfolio in Nevada With Acquisition of Nevada Eagle Resources From Gryphon Gold - "Fronteer (TSX:FRG - News)(AMEX:FRG - News) announces the acquisition of Nevada Eagle Resources LLC, a wholly owned subsidiary of Gryphon Gold Corp. Through this transaction, Fronteer adds an additional 44 gold properties to its large Nevada growth pipeline, reinforcing a commitment to creating value in a jurisdiction that is at the very heart of the company's operations." More
- April 26, 2010 | Item | ShareThis


US Gold Corporation: El Gallo Continues to Impress - "US GOLD CORPORATION (AMEX:UXG - News)(TSX:UXG - News) is pleased to announce expansion and in-fill core drill results (Fig. 1) at the El Gallo Project in Sinaloa State, Mexico. The three best results of the twelve holes assayed since April 6, 2010 are: 7.2 ounces of silver per ton (opt) over 100.9 ft (feet) (247.1 grams per tonne silver over 30.8 meters (m), 5.7 opt silver over 110.7 ft (195.2 gpt silver over 33.8 m) and 4.5 opt silver over 100.4 ft (154.5 gpt silver over 30.6 m)." More
- April 26, 2010 | Item | ShareThis


Sabina Gold & Silver Signs Term Sheet for Earn in Option on Cook Lake Properties Adjoining the Lalor Gold Deposit in Manitoba - "Sabina Gold & Silver Corp. (the "Company") (TSX:SBB - News) reported today that the Company has signed a Non-Binding Term Sheet with Xstrata Canada Corporation, Xstrata Copper Canada Division ("Xstrata") for an option to earn up to a 100% interest on the Cook Lake Volcanic Massive Sulphide ("VMS") properties just north of the recently discovered Lalor copper - gold - zinc deposit in Manitoba, Canada." More
- April 26, 2010 | Item | ShareThis


International Tower Hill Expands Higher Grade SW and Sunshine Zones at Livengood Project, Alaska - "International Tower Hill Mines Ltd. is pleased to announce assay results for 16 additional holes of the 2010 Winter drilling campaign at the Livengood gold project, including the first holes this year from the high-grade SW Zone. Seven of the nine new holes reported from the SW Zone returned cumulative grade thicknesses exceeding 100 gram metres and demonstrate this area as a new large emerging high-grade zone along the currently defined western limit of the deposit. Higher grade intercepts in the SW area include 71.6 metres at 1.11 g/t gold, 24.4 metres of 2.81 g/t, 59.4 metres at 0.96 g/t and 19.8 metres at 4.43 g/t gold, thus confirming and expanding the Zone as defined in 2009." More
- April 26, 2010 | Item | ShareThis


Randgold Resources -- Ivorian Businesses Make Big Contribution to Development of New Gold Mine - Yahoo! Finance - "Local businesses are making a significant contribution to the development of Randgold Resources' new mine at Tongon, chief executive Mark Bristow said here today. The mine, now rapidly taking shape, is scheduled to pour its first gold in the fourth quarter of this year." More
- April 26, 2010 | Item | ShareThis

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2010

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 26 April, 2010 | |


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