-- Posted 9 June, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1228.25 | -$14.80 |
Silver | $18.16 | -$0.24 |
XAU | 172.43 | -1.22% |
HUI | 456.03 | -1.32% |
GDM | 1382.26 | -1.30% |
JSE Gold | 2534.24 | -34.25 |
USD | 87.89 | -0.36 |
Euro | 119.85 | +0.11 |
Yen | 109.69 | +0.44 |
Oil | $74.38 | +$2.39 |
10-Year | 3.187% | +0.019 |
T-Bond | 124.875 | -0.21875 |
Dow | 9899.25 | -0.41% |
Nasdaq | 2158.85 | -0.54% |
S&P | 1055.69 | -0.59% |
The Metals:
Gold fell about 1% in Asia and London and then dropped even further in late morning New York trade to as low as $1221.85 by about 11:30AM EST before it bounced back higher in the last couple of hours of trade, but it still ended with a loss of 1.19%. Silver fell to as low as $18.07 before it also climbed back higher in late trade, but it still ended with a loss of 1.3%.
Euro gold fell to about €1021, platinum gained $8 to $1527, and copper rose 7 cents to about $2.84.
Gold and silver equities waffled near unchanged for most of the morning, but they then fell off in afternoon trade and ended with over 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Apr | 0.4% | 0.5% | 0.7% |
U.S debt to rise to $19.6 trillion by 2015 Reuters
The fed’s Beige Book for June showed that “manufacturing picked up, retail sales grew, tourism improved and housing was helped by the now-expired tax credit for homebuyers. But commercial real estate is weak and labor market conditions improved only ‘slightly.’”
Tomorrow at 8:30AM EST brings Initial Jobless Claims for 6/05 expected at 450,000 and the Trade Balance for April expected at -$41.3 billion. At 2PM is the Treasury Budget for May expected at $142.0 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index and treasuries fell as oil and the Dow, Nasdaq, and S&P rose rather markedly for most of the morning on optimism over economic growth after a report showing growing Chinese exports and pleasing testimony from fed chairman Bernanke, but late day weakness in the euro caused the major indices to reverse all of their gains in afternoon trade and close with modest losses. Today’s 10-year note auction drew a yield of 3.242% with a bid to cover of 3.24.
Among the big names making news in the market today were BP, GM, and CVS.
GATA Posts:
Gold 'debate' at Vancouver conference fizzles
The Statistics:
Activity from: 6/08/2010
Gold Warehouse Stocks: | 10,797,158 | -460 |
Silver Warehouse Stocks: | 117,630,113 | -831,599 |
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 | 1298.530 | 41,749,052 | US$51,490m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 122.58 | 3,940,948 | US$4,824m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 476,027 | US$563m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 47.21 | 1,517,892 | US$1,891m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,975 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 12.171 tonnes to a new record high holding, the LSE added 0.03 tonnes, and the JSE added 1.7 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 84.19 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9208.83 - No change from yesterday’s data.
The Miners:
Taseko’s (TGB) granted mining lease, Seabridge’s (SA) environmental permitting process, US Gold’s (UXG) drill results, Crystallex’s (KRY) bought deal financing, Fronteer’s (FRG) drill results, Aurcana’s (AUN.V) drill results, Oremex’s (ORM.V) progress update, and Sabina’s (SBB.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Fronteer | FRG +3.19% $6.80 |
2. Northern Dynasty | NAK +2.23% $6.87 |
3. Solitario | XPL +1.53% $1.99 |
LOSERS
1. Vista Gold | VGZ -6.91% $1.75 |
2. Jaguar | JAG -5.76% $9.00 |
3. Entree | EGI -4.74% $1.848 |
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:
Entourage Mining Reports Several Multi-Element Areas at Pires - More
- June 09, 2010 | Item | ShareThis
Northern Iron Corp. Announces Completion of Private Placement Financing - More
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Silvore Fox Minerals Announces Appointment of New Director - More
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Alix's Money Rock Property Now Subject to New Option Agreement With Precious Metals Exploration Corporation - More
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Great Quest Reports on its Annual General Meeting - More
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Medoro proposes to consolidate its issued and outstanding common shares on a three for one basis - More
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Excalibur Resources Commences Exploration Program at Sturgeon Lake - More
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Fancamp Exploration Ltd.: Fermont Property Joint Venture - More
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Aurcana Expands Resource Potential at La Negra - "Aurcana Corporation ("Aurcana" or the "Company") (TSX-V:AUN - News) is pleased to announce that first quarter underground drilling directed towards extending the boundaries of existing ore-bodies and testing other promising exploration targets at the La Negra Mine has intersected significant mineralization in the La Cruz and Sofia Deposits." More
- June 09, 2010 | Item | ShareThis
Taseko Receives Long-Term Mining Lease for its Prosperity Gold-Copper Project - "Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) ("Taseko" or the "Company") is pleased to announce that the British Columbia Provincial Government has granted Taseko a long-term, renewable, 25-year mining lease for the Prosperity gold-copper project. The mining lease provides the Company with mineral tenure security." More
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Goldbank to Acquire Up to 100% Interest in the Leota Gold Property in Klondike Goldfields, Yukon - More
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Creso Exploration Intersects 65.7 Meters of 18.2 g/t g and 79.6 Meters of 4.61 g/t Gold in Hole #2 on the Minto Project - More
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George Faught Joins Avion Board - More
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Medoro intersects 168.43 metres of 1.413 g/t Au and 27.00 metres of 3.648 g/t Au at its Marmato Project in Colombia - More
- June 09, 2010 | Item | ShareThis
Red Mile Minerals Completes Drilling at its Blue Quartz Property in Beatty Township, near Timmins, Ontario - More
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Diamond Frank Exploration Obtains 4.3% Zirconium on the Blackrock Property - More
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Abitex JV Partner begins diamond drilling program on St. Stephen nickel-copper property in New Brunswick - More
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Decade Resources Ltd.: Drilling on Red Cliff Intersects 11.74 g/t Gold Over 7.93 m - More
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Mountain Boy Minerals Ltd.: Drilling on Red Cliff Intersects 11.74 g/t Gold Over 7.93 m - More
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Gowest-Timmins, Ontario Completes Metallurgical Composite Drill Program Including Intersection of 5 Meters at 8.8 g/t Gold - More
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Cadillac Ventures Inc.: Updated Thierry Resource Estimate Received - More
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Russia's ARMZ aims to become top 3 uranium producer - More
- June 09, 2010 | Item | ShareThis
Macusani Yellowcake Drilling Includes 47 Meter Intersection Averaging 0.20% U3O8 (154.2 ft at 4.04 lbs Per Ton U3O8) - More
- June 09, 2010 | Item | ShareThis
Permitting Progresses at Seabridge Gold's KSM Project - "Seabridge Gold (TSX:SEA - News)(AMEX:SA - News) reports that the environmental permitting process for its 100% owned KSM Project in northern British Columbia (BC) is proceeding on schedule. The Canadian Environmental Assessment Agency (CEAA) has released its "Proposed Scope of the Environmental Assessment" document and invited the public to submit comments over a 30 day period. This document identifies the components of the proposed KSM Project and the scope of the environmental assessment required to address the "comprehensive study regulations" as listed in the Canadian Environment Assessment Act." More
- June 09, 2010 | Item | ShareThis
AXMIN Announces Shareholder Approval of Proposed Change of Management and Directors - More
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Opawica Explorations Inc. announces further assay results from its 100% owned Atikwa Lake gold and copper project - More
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Golden Share Announces Final Closing of Private Placement of $223,000 - More
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Rainy River Intersects 128.5 g/t (4.13 oz/t) Gold Over 5.5 Metres in 433 Zone - More
- June 09, 2010 | Item | ShareThis
Romarco encounters 88.4 meters of 5.1 g/t gold adds sixth rig at Haile - More
- June 09, 2010 | Item | ShareThis
Daulton Capital Corp. Retains Geologist to Prepare NI-43-101 Report - More
- June 09, 2010 | Item | ShareThis
AmeriLithium Reports Very Positive First Stage Exploration Results on Nevada Lithium Project - More
- June 09, 2010 | Item | ShareThis
Fire River Gold Corp. Announces 12,000 Metre Drilling Program - More
- June 09, 2010 | Item | ShareThis
Coral Has Completed Four Holes at Robertson Property, Crescent Valley, Nevada - More
- June 09, 2010 | Item | ShareThis
War Eagle Acquires Remainder of George's Lake Gold Property and Corporate Update - More
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Luna Gold increases financing to $33,130,000 - More
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Great Western Minerals Group Launches Steenkampskraal Feasibility Study - More
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Xmet Inc. Retains Renmark Financial Communications Inc. to Lead Investor Relations Activities - More
- June 09, 2010 | Item | ShareThis
VHGI Holdings, Inc. Closes on Treasure Gulch and Sun Gold Leases - More
- June 09, 2010 | Item | ShareThis
Kiska Metals Signs Two Agreements with Brixton Metals - More
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Appleton Commences Drilling on Sirabada and Mansaya Targets - More
- June 09, 2010 | Item | ShareThis
Iberian Receives EUR10,093,472 Grant from Junta De Andalucia - More
- June 09, 2010 | Item | ShareThis
Continental Nickel Commences Diamond Drilling at the St. Stephen Nickel-Copper Sulphide Project in New Brunswick - More
- June 09, 2010 | Item | ShareThis
Brazauro Begins Drilling at Agua Branca Property - More
- June 09, 2010 | Item | ShareThis
Uranium International Corp. Changes Name to Mercer Gold Corporation and Receives New Trading Symbol: MRGP-OTCBB - More
- June 09, 2010 | Item | ShareThis
Red Pine Exploration Commences Exploration Program on Properties Along DZ3 Gold Trend in the Swayze Greenstone Belt - More
- June 09, 2010 | Item | ShareThis
Rockcliff Plans Summer Exploration at the Tower Property - More
- June 09, 2010 | Item | ShareThis
Paladin Energy Ltd-Uranium One Sells Paladin Shares - More
- June 09, 2010 | Item | ShareThis
AuEx Ventures, Inc.: Long Canyon NE High Grade Zone Grows With 69.5 Feet of 0.479 Ounces Per Ton Gold - More
- June 09, 2010 | Item | ShareThis
Halo Announces Positive Drill Results for Middle Bay - More
- June 09, 2010 | Item | ShareThis
American Sierra Gold -- Discovery Day Update - More
- June 09, 2010 | Item | ShareThis
Oremex Resources Updates Progress at Tejamen Silver Project - "The company continues to be very active at the Tejamen silver project, where Oremex owns 100% of the mineral rights and the mining concessions continue to be held in good standing. The Company's Community Infrastructure Program (CIP) continues to provide employment opportunities aimed at improving the local infrastructure in the village of Tejamen and surrounding communities." More
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US Gold Corporation: El Gallo Drilling Continues to Deliver Impressive Results - "US GOLD CORPORATION (AMEX:UXG - News)(TSX:UXG - News) is pleased to announce results from eighteen new core holes (Fig. 1, Table 1) at the El Gallo Project in Sinaloa State, Mexico. The three best results since May 18, 2010 are: 4.6 ounces of silver per ton (opt) over 125.0 feet (ft) (158.1 grams per tonne (gpt) over 38.1 meters (m), 8.3 opt silver over 60.7 ft (285.7 gpt over 18.5 m) and 3.0 opt silver over 91.5 ft (104.1 gpt over 27.9 m). In addition, El Gallo's initial resource estimate is scheduled to be released in approximately four weeks." More
- June 09, 2010 | Item | ShareThis
Sabina Gold & Silver Announces More Exciting Drill Results at Llama Lake Gold Discovery at Back River Project, Nunavut - "In approximately five months of field work in 2009 and 2010, Sabina has made two new gold discoveries very close to the Goose deposit area at Back River: the Echo Zone reported last summer (best hole 09GSE26 returning 8.17 g/t gold over 15.15 meters including 9 g/t gold over 13.20 meters); and the exciting Llama Lake Zone this year (best hole 10GSE41 returning 25.43 g/t gold over 20 meters including 31.55 g/t gold over 16 meters)." More
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Crystallex International Corporation Announces CDN$35,000,000 Bought Deal Financing - "Crystallex International Corporation (TSX:KRY - News)(AMEX:KRY - News) ("Crystallex" or the "Company") announced today it has entered into an agreement with a syndicate of underwriters ("the Underwriters"). Under the agreement, the syndicate has agreed to purchase, on a bought deal basis, 70,000,000 units (the "Units"), each Unit comprised of one common share (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant") of the Company, at a price of CDN$0.50 per Unit (the "Offering Price") for gross proceeds to Crystallex of CDN$35,000,000. Each Warrant will entitle the holder to acquire one Common Share at a price of CDN$0.70 for a period of one year following the date of issue." More
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Fronteer Gold Inc.: Drilling Returns 16.4 g/t Gold Over 21.2 Metres at Long Canyon, Nevada - "Fronteer Gold (TSX:FRG - News)(AMEX:FRG - News) announces that drilling has extended gold mineralization 100 metres to the northeast and intersected a new mineralized zone at Long Canyon, one of the company's key development projects in Nevada. The results are the first from the current $19.8 million development and exploration program at Long Canyon, where five drill rigs are currently turning on the property." More
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- Chris Mullen, Gold Seeker Report
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-- Posted 9 June, 2010 | |
