-- Posted 1 June, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1225.00 | +$12.80 |
Silver | $18.53 | +$0.19 |
XAU | 173.02 | -0.52% |
HUI | 453.45 | -0.04% |
GDM | 1371.12 | +0.02% |
JSE Gold | 2572.33 | +3.16 |
USD | 86.79 | +0.03 |
Euro | 122.36 | -0.37 |
Yen | 109.83 | +0.02 |
Oil | $72.58 | -$1.39 |
10-Year | 3.296% | -0.005 |
T-Bond | 123.34375 | +0.125 |
Dow | 10024.02 | -1.11% |
Nasdaq | 2222.33 | -1.54% |
S&P | 1070.01 | -1.72% |
The Metals:
Gold traded mostly slightly higher over the Memorial Day holiday and climbed in London and New York today to as high as $1228.82 by a little before noon EST before it fell back off a bit, but it still ended with a gain of 1.06% from Friday afternoon’s close. Silver climbed to as high as $18.667 before it also fell back off in the last couple hours of trade, but it still ended with a gain of 1.04%.
Euro gold rose to about €996, platinum gained $8.50 to $1552, and copper fell nearly 5 cents to about $3.05.
Gold and silver equities gained over 2% in the first hour of trade, but they then fell back off for most of the rest of the day and ended with slight losses.
The Economy:
Report | For | Reading | Expected | Previous |
Construction Spending | Apr | 2.7% | 0.1% | 0.4% |
ISM Index | May | 59.7 | 59.4 | 60.4 |
Tomorrow at 10AM EST brings Pending Home Sales for April expected at 4.3%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 2% as the U.S. dollar index rose after the euro fell to a new four-year low “on signs the euro zone's debt crisis is spreading to its banking system.”
Treasuries rose on worries over sovereign debt, geopolitics in various places around the world, and the ongoing oil spill in the Gulf of Mexico.
The Dow, Nasdaq, and S&P reversed early losses and turned slightly higher midday after economic data came in better than expected, but all three indices turned back lower in late trade and ended with notable losses on concern over the issues that drove bonds higher.
Among the big names making news in the market today were BP, Prudential and AIG, Covidien and Ev3, HP, Intel, Ford, and Honda.
GATA Posts:
James Turk: Is gold in a bubble?
Everyone now knows gold is suppressed, but what's the difference?
More at http://gata.org/
The Statistics:
Activity from: 5/28/2010
Gold Warehouse Stocks: | 10,736,765 | -97 |
Silver Warehouse Stocks: | 119,451,873 | +390,848 |
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 | 1267.930 | 40,765,222 | US$50,029m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 122.14 | 3,926,762 | US$4,811m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 476,068 | US$560m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 45.15 | 1,451,529 | US$1,753m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,975 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: The LSE subtracted 0.269 tonnes and the JSE subtracted 0.49 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 84.22 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9258.42:+39.62 change from yesterday’s data.
The Miners:
ITH’s (THM) drill results, Timberline’s (TLR) approved acquisition of Staccato Gold, Aurcana’s (AUN.V) mill expansion, and Oro Silver’s (OSR.V) completed drill program were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Minco | MGH+5.21% $1.01 |
2. New Gold | NGD +3.62% $6.29 |
3. Nevsun | NSU +2.99% $3.10 |
LOSERS
1. Ivanhoe | IVN-8.13% $13.34 |
2. Seabridge | SA -7.54% $32.00 |
3. Claude | CGR -7.08% $1.05 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
All of today's and yesterday’s gold and silver stock news:
Search Minerals Closes Non-Brokered Private Placement - More
- June 01, 2010 | Item | ShareThis
Brazil Gold Completes Amazonia Acquisition - More
- June 01, 2010 | Item | ShareThis
SLAM Updates Gold Drilling Program - First Hole Hit Targets-Sampling in Progress - More
- June 01, 2010 | Item | ShareThis
Orocan Announces Approval of Qualifying Transaction - More
- June 01, 2010 | Item | ShareThis
Orosur Mining Inc.: Stock Options Granted - More
- June 01, 2010 | Item | ShareThis
St. Eugene Contracts MineTech to Assist With Advancement of the Tartan Lake Gold Mine - More
- June 01, 2010 | Item | ShareThis
VMS Ventures Provides Update on Reed Lake Negotiations With HudBay Minerals - More
- June 01, 2010 | Item | ShareThis
Strategic Metals Ltd. Announces Plans for Exploration and Reorganization - More
- June 01, 2010 | Item | ShareThis
Equinox Provides Lumwana Production Update, Awards Lumwana Feasibility Study for 35 Mtpa Expansion and Accelerates Drilling at Chimiwungo - More
- June 01, 2010 | Item | ShareThis
Merrex Gold-Stock Options - More
- June 01, 2010 | Item | ShareThis
Andean American Corporate Update - More
- June 01, 2010 | Item | ShareThis
Alturas Minerals Completes 100% Acquisition of the Huajoto Polymetallic Project - More
- June 01, 2010 | Item | ShareThis
Jalna Enters Into Acquisition Agreement - More
- June 01, 2010 | Item | ShareThis
Ur-Energy Announces CDN$5,000,000 Private Placement - More
- June 01, 2010 | Item | ShareThis
Inmet Mining Presentation at RBC Capital Markets' 4th Annual Global Mining & Materials Conference - More
- June 01, 2010 | Item | ShareThis
Cache Completes Private Placement Financing - More
- June 01, 2010 | Item | ShareThis
Acero-Martin Exploration Inc.: Announces Changes to Officers and Board of Directors - More
- June 01, 2010 | Item | ShareThis
Drilling to Commence on Corex/Goldcorp Joint Venture - More
- June 01, 2010 | Item | ShareThis
Klondike Silver Corp. Commences 2010 Gold and Silver Exploration Program at Connaught JV Project - More
- June 01, 2010 | Item | ShareThis
Taku Gold Announces Amendment to Private Placement and Granting of Incentive Stock Options - More
- June 01, 2010 | Item | ShareThis
Soldi Ventures Inc. Completes Ground Program at Flint Lake, Ontario - More
- June 01, 2010 | Item | ShareThis
Cadan Reports That NI 43-101 Technical Report Highlights Major Gold Mineralized Corridor and Potential for Regionally Significant Gold Discovery - More
- June 01, 2010 | Item | ShareThis
Nuinsco Looks to Increase 330-360 Million Tonne ETMI at Prairie Lake - More
- June 01, 2010 | Item | ShareThis
Rockridge Appoints Williams to Board of Directors - More
- June 01, 2010 | Item | ShareThis
Radius Completes $2.52 Million Flow-Through Financing - More
- June 01, 2010 | Item | ShareThis
Houston Lake Mining Continues to Intersect Significant Widths Including 2.70m of 3.09 g/t Gold - More
- June 01, 2010 | Item | ShareThis
Drilling program commenced at Jaripo Project, Mexico - More
- June 01, 2010 | Item | ShareThis
Sphere Resources Inc. (the "Company") Enters Into Agreement to Acquire Mining Claims in Byshe/Dome Townships, in the Red Lake Mining District of Ontario - More
- June 01, 2010 | Item | ShareThis
Erdene Announces Appointment of Xstrata Coal's Malcolm Cox to Board, Provides Zuun Mod Molybdenum Project Update - More
- June 01, 2010 | Item | ShareThis
Copper Canyon Announces Updated Resource Calculation - More
- June 01, 2010 | Item | ShareThis
First Gold Exploration Inc.: Rose and Southeast Rose Showings Connected by Latest Drilling - More
- June 01, 2010 | Item | ShareThis
Caerus Resource: Letter of Intent for Buritica Gold Project, Colombia - More
- June 01, 2010 | Item | ShareThis
Anaconda Mining to Acquire Interests in Major Iron Exploration Portfolios in Chile's Iron Ore Belt - More
- June 01, 2010 | Item | ShareThis
Canadian Mining's Bullard Gold Analyses Up To .2 0z/Ton - Phase 2 100 Hole Drill Program Planned - More
- June 01, 2010 | Item | ShareThis
i-minerals inc.: Proposed Surface Lease Agreement on Idaho Department of Lands Property Expected to be Advanced Before the Idaho Board of Land Commissioners - More
- June 01, 2010 | Item | ShareThis
IBC Advanced Alloys Announces Third Quarter 2010 Financial Results - More
- June 01, 2010 | Item | ShareThis
Goldrush Signs Contract to Begin Drilling at Ronguen Gold Deposit - More
- June 01, 2010 | Item | ShareThis
SearchGold Proposes a Share Consolidation to its Shareholders - More
- June 01, 2010 | Item | ShareThis
Delta Uranium Discovers Rare Earth Mineralization at Kenora - More
- June 01, 2010 | Item | ShareThis
Canadian Arrow intersects 4.53% nickel at new Night Danger discovery - More
- June 01, 2010 | Item | ShareThis
Edgewater Exploration Appoints George Salamis as President & CEO - More
- June 01, 2010 | Item | ShareThis
Northern Platinum Ltd. Provides Update on Wellgreen Drill Program - More
- June 01, 2010 | Item | ShareThis
Constantine Commences Drill Program at Copper-Rich Palmer VMS Project, SE Alaska - More
- June 01, 2010 | Item | ShareThis
Goldgroup Mining Inc. - San José de Gracia Drilling Yields Grades of Up to 53.98 g/t Au Over 7.5 Metres - More
- June 01, 2010 | Item | ShareThis
Valley High Reports Discovery of a New Zone at Cordero Project, Mexico: 170 m Grading 63 g/T Ag Eq Including 64 Metres Grading 28.4 g/T Ag, 0.03 g/T Au, - More
- June 01, 2010 | Item | ShareThis
Arianne to Attend the 3rd Seminar: Successful Juniors in Mexico, Sinaloa. - More
- June 01, 2010 | Item | ShareThis
Oroco Advances Cerro Prieto Gold Project to Production Decision - More
- June 01, 2010 | Item | ShareThis
Eleonore South JV Project Drill Program & Budget Approved - More
- June 01, 2010 | Item | ShareThis
Sultan Minerals Completes Spring Drill Program at the HB & Garnet Zinc Mines, Jersey-Emerald Property, BC - More
- June 01, 2010 | Item | ShareThis
AmeriLithium Releases Second Quarter Corporate Presentation & Updates To Website - More
- June 01, 2010 | Item | ShareThis
Calibre Intersects 14.05 g/t Gold and 1,990.00 g/t Silver Over 0.8 Metres at the Borosi Property, Nicaragua - More
- June 01, 2010 | Item | ShareThis
Silver America, Inc. to Initiate Second Exploration Phase of High-Grade Silver Guadalupe Property - More
- June 01, 2010 | Item | ShareThis
Liberty Updates Open Pit Optimization and Resource Estimates - More
- June 01, 2010 | Item | ShareThis
Copper Fox on track to complete the feasibility study at Schaft Creek by end of 2010 - More
- June 01, 2010 | Item | ShareThis
Acrex Announces Commencement of the 2010 Exploration Program on its Cariboo Property - More
- June 01, 2010 | Item | ShareThis
Logan Resources signs letter of intent with Ridgemont Capital - More
- June 01, 2010 | Item | ShareThis
Phase II of Plant Expansion at SEMAFO's Mana Mine on Track - More
- June 01, 2010 | Item | ShareThis
Ur-Energy Receives Final Permit Approval for UIC Class I Injection Wells - More
- June 01, 2010 | Item | ShareThis
Pacific Rim Mining Corp.: CAFTA Hearing on Preliminary Objection Underway - "A hearing on the Preliminary Objection filed by the Government of El Salvador ("GOES") in relation to an action commenced by Pac Rim Cayman LLC ("PacRim") in April 2009 under the Dominican Republic-United States-Central America Free Trade Agreement ("CAFTA") commenced today Monday May 31, 2010 and is scheduled to conclude tomorrow Tuesday June 1, 2010. Under CAFTA Article 10.20, the 3-person Arbitral Tribunal hearing this case is to rule on the Preliminary Objection on an expedited schedule and is expected to issue a decision by September 2010. The hearing is taking place at the International Center for Settlement of Investment Disputes ("ICSID") in Washington, DC." More
- May 31, 2010 | Item | ShareThis
U.S. Silver Reports First Quarter 2010 Results - "The Company recorded net income of $0.5 million in the first quarter of 2010 compared to net income of $1.3 million in the first quarter of 2009. The $0.8 million decrease was primarily attributable to higher cost of mining ($3.3 million), lower foreign exchange gain ($0.9 million), lower gain on sale of investments ($0.4 million), higher exploration costs ($0.3 million) and higher loss on hedged derivatives ($0.3 million); partly offset by higher revenues ($3.9 million) and lower general and administrative costs ($0.3 million)." More
- May 31, 2010 | Item | ShareThis
New Gold Fields Chairperson - "Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) Johannesburg today announces that Alan Wright will retire as chairperson and director of Gold Fields with effect from the next Annual General Meeting on 2 November 2010." More
- May 31, 2010 | Item | ShareThis
LGL Updates Bonikro Reserves and Resources - "Lihir Gold Limited (LGL)(TSX:LGG - News)(ASX:LGL - News)(NASDAQ:LIHR - News) has updated mineral reserves and resources at its Bonikro operation in Cote d'Ivoire." More
- May 31, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 1 June, 2010 | |