-- Posted 24 May, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1193.50 | +$17.80 |
Silver | $17.98 | +$0.36 |
XAU | 166.06 | -0.03% |
HUI | 434.17 | +0.54% |
GDM | 1312.22 | -0.73% |
JSE Gold | 2412.63 | +16.37 |
USD | 86.32 | +0.89 |
Euro | 123.76 | -1.88 |
Yen | 110.72 | -0.38 |
Oil | $70.62 | +$0.58 |
10-Year | 3.227% | +0.027 |
T-Bond | 124.375 | -0.50 |
Dow | 10066.57 | -124% |
Nasdaq | 2213.55 | -0.69% |
S&P | 1073.65 | -1.29% |
The Metals:
Gold climbed to as high as $1190.85 in late Asian trade before it fell back to $1181.85 in London, but it then rose to a new session high of $1195.40 in New York and ended with a gain of 1.51%. Silver climbed to as high as $18.04 in late Asian trade before it fell back to almost unchanged at $17.698 in London, but it then rose to a new session high of $18.052 in New York and ended with a gain of 2.04%.
Euro gold rose to about €962, platinum gained $26 to $1529, and copper jumped over 8 cents to about $3.14.
Gold and silver equities climbed roughly 2% higher at the open and remained near that level for most of the day, but they then fell back off in late trade and ended near unchanged.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | Apr | 5.77M | 5.7M | 5.36M |
Tomorrow at 9AM EST is the Case-Shiller 20-city Index for March expected at 3.0% and at 10AM is Consumer Confidence for May expected at 58.3 and the FHFA Housing Price Index for March.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly higher on better than expected economic data that raised hopes for improving energy demand.
The U.S. dollar index rose as the euro fell on renewed worries over Europe after the Bank of Spain was forced to takeover a bank over the weekend.
Treasuries dropped on worries over upcoming supply while the Dow, Nasdaq, and S&P fell on worries over Europe.
Among the big names making news in the market today were IBM and Sterling Commerce, and Campbell.
GATA Posts:
Alix Steel: Top 5 reasons gold prices move
Everything is being manipulated by the government, investment exec complains
China to lend out its massive foreign exchange reserves
Merryn Somerset Webb: The only currency that can't be printed on a whim
James Turk: Silver inching closer to an upside breakout
LBMA gold shorts backed by central banks, Rickards tells King World News
Silver market analyst Butler comments to KWN on last week's smashdown
A billionaire goes all-in on gold
Gene Arensberg's 'Got Gold Report' flash
Jeff Nielson: 'Loose-Lips' does it again
The Statistics:
Activity from: 5/20/2010
Gold Warehouse Stocks: | 10,540,588 | -100 |
Silver Warehouse Stocks: | 116,588,661 | -582,801 |
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 | 1220.152 | 39,229,093 | US$46,549m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 121.67 | 3,911,723 | US$4,666m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 476,108 | US$546m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 46.00 | 1,479,072 | US$1,745m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,975 | 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: 82.39 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,191.37 - No change from yesterday’s data.
The Miners:
With Canadian markets closed in observance of Victoria Day there was not a lot of news in the mining industry today, but Staccato securityholders approved the acquisition by Timberline (TLR) and Gold Fields’ (GFI) announced that it secured a new loan facility.
WINNERS
1. Minco | MGH+17.45% $1.01 |
2. Exeter | XRA +6.59% $6.79 |
3. Capital Gold | CGC +6.01% $3.35 |
LOSERS
1. Timberline | TLR -3.51% $1.10 |
2. Banro | BAA -2.16% $1.81 |
3. Freeport | FCX-2.16% $65.56 |
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:
Staccato Securityholders Approve Acquisition by Timberline Resources - "Timberline Resources Corporation (NYSE Amex:TLR) ("Timberline") is pleased to announce that Staccato Gold Resources Ltd. (TSX-V:CAT - News) ("Staccato") has received approval from its securityholders for the proposed plan of arrangement pursuant to which Timberline will acquire all the issued and outstanding common shares of Staccato." More
- May 24, 2010 | Item | ShareThis
KWG forms special committee to consider strategic alternatives - More
- May 24, 2010 | Item | ShareThis
New Jersey Mining Company Starts Shipping Ore From the Silver Strand Mine - More
- May 24, 2010 | Item | ShareThis
KWG Board appoints new Director - More
- May 24, 2010 | Item | ShareThis
General Metals Corporation Appoints Mike Powell to Board of Directors - More
- May 24, 2010 | Item | ShareThis
AmeriLithium's Corporate Update on Projects, Management, Financing & Research Coverage - More
- May 24, 2010 | Item | ShareThis
Ireland Inc. Announces First Gold and Silver Poured From Pilot Plant Operations at Columbus Project - More
- May 24, 2010 | Item | ShareThis
Gold Fields Secures New Loan Facility - "Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that it has secured a US$450 million revolving credit loan maturing 30 September 2013 to refinance a US$311 million one-year facility that expired in May 2010. Gold Fields was seeking a minimum of US$300 million from the banks approached to support the revolving credit loan." More
- May 24, 2010 | Item |
- 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 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 24 May, 2010 | |
