-- Posted 13 August, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $1214.60 | -$0.20 | +1.03% |
Silver | $18.09 | +$0.05 | -1.74% |
XAU | 172.40 | -1.00% | -1.76% |
HUI | 453.90 | -1.26% | -1.30% |
GDM | 1373.61 | -1.02% | -0.67% |
JSE Gold | 2469.39 | -29.83 | +1.10% |
USD | 82.93 | +0.31 | +3.25% |
Euro | 127.54 | -0.69 | -4.04% |
Yen | 115.88 | -0.49 | -1.01% |
Oil | $75.39 | -$0.35 | -6.58% |
10-Year | 2.688% | -0.047 | -4.82% |
Bond | 132.00 | +0.78125 | +1.91% |
Dow | 10303.15 | -0.16% | -3.29% |
Nasdaq | 2173.48 | -0.77% | -5.02% |
S&P | 1079.25 | -0.40% | -3.78% |
The Metals:
Gold saw a slight gain in Asia at $1217.40 before it fell back off in London to as low as $1210.97 by about 11AM EST in New York, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.02%. Silver climbed almost 1% to $18.18 before it fell to $17.947 at about 9AM EST, but it then bounced back higher and ended with a gain of 0.28%.
Euro gold rose to about €950, platinum lost $4.50 to $1519.50, and copper fell a few cents to about $3.25.
Gold and silver equities fell about 1% by late morning and remained near their lows into the close.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | July | 0.3% | 0.2% | -0.1% |
Core CPI | July | 0.1% | 0.1% | 0.2% |
Retail Sales | July | 0.4% | 0.5% | -0.3% |
Retail Sales ex-auto | July | 0.2% | 0.2% | -0.1% |
Michigan Sentiment | Aug | 69.6 | 70.0 | 67.8 |
Business Inventories | June | 0.3% | 0.2% | 0.2% |
All of this week’s other economic reports:
Next week’s economic highlights include the NY Fed - Empire Manufacturing Index and Net Long-Term TIC Flows on Monday, Housing Starts, Building Permits, PPI, Industrial Production, and Capacity Utilization on Tuesday, and Initial Jobless Claims, Leading Economic Indicators, and the Philadelphia Fed on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index and treasuries rose on continued worries about the economy that kept the Dow, Nasdaq, and S&P mostly modestly lower on the day.
Among the big names making news in the market Friday were Oracle, Dynegy, and J.C. Penney.
GATA Posts:
Martin Hennecke on CNBC: Most market manipulation suppresses commodities, gold
Malaysian state introduces gold and silver Islamic currency
Hinde Capital's Ben Davies discusses his indictment of ETFs with King World News
Gold, silver ETFs are price-suppression schemes, Hinde Capital report finds
The Statistics:
Activity from: 8/12/2010
Gold Warehouse Stocks: | 11,089,669 | -29,080 |
Silver Warehouse Stocks: | 110,587,350 | x |
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 | 1286.699 | 41,368,653 | US$50,222m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 123.88 | 3,982,963 | US$4,835m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,696 | US$555m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.12 | 1,579,360 | US$1,904m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,971 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 0.912 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 92.38: +1.22 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9151.03 - No change from yesterday’s data
The Miners:
Crystallex’s (KRY) financial results, ITH’s (THM) approved spin-out, Fortuna’s (FVI.V) second quarter results, Silvermex’s (SMR.V) amended option agreement, and Silvercorp’s (SVM) dividend were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Aurizon | AZK +2.11% $5.82 |
2. Nevsun | NSU+1.78% $4.00 |
3. Richmont | RIC +1.39% $4.37 |
LOSERS
1. Coeur | CDE-3.52% $14.54 |
2. Paramount | PZG -2.88% $1.35 |
3. Gammon Gold | GRS -2.74% $6.03 |
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:
RPT Resources Appoints New President - More
- August 13, 2010 | Item | ShareThis
Crystallex Reports Q2, 2010 Financial Results - "Losses from continuing operations were $12.8 million ($(0.04) per share) and $21.9 million ($(0.07) per share) for the three months and six months ended June 30, 2010, respectively." More
- August 13, 2010 | Item | ShareThis
Augen Gold Corp. Announces Brokered Financing of up to $2,000,000 - More
- August 13, 2010 | Item | ShareThis
Aurora Gold Corporation - Update to Shareholders on the Current Status of Projects - More
- August 13, 2010 | Item | ShareThis
Nuinsco Announces Two Appointments to Board of Directors - More
- August 13, 2010 | Item | ShareThis
Minera IRL Limited Results of Annual General Meeting - More
- August 13, 2010 | Item | ShareThis
Comstock Mining Announces Results of Successful Spring Drilling Program - More
- August 13, 2010 | Item | ShareThis
Avnel Gold Mining Limited (AVK: TSX) announces second quarter 2010 results - More
- August 13, 2010 | Item | ShareThis
Z-Gold Closes a Non-Brokered Private Placement of $120,000 - More
- August 13, 2010 | Item | ShareThis
Goldstone Resources Inc. Announces the Filing of Second Quarter 2010 Interim Consolidated Financial Statements, MD&A and Officers' Certifications - More
- August 13, 2010 | Item | ShareThis
Mega Uranium Ltd. Releases Unaudited Results for the Three and Nine Months Ended June 30, 2010 - More
- August 13, 2010 | Item | ShareThis
Sage to Drill Clavos Mine, Timmins - More
- August 13, 2010 | Item | ShareThis
Gold-Ore Provides Update on Underground Mining at Bjorkdal - More
- August 13, 2010 | Item | ShareThis
Cantex announces Al Hariqah gold results - More
- August 13, 2010 | Item | ShareThis
Bold Ventures Inc. Announces Flow-Through Private Placement - More
- August 13, 2010 | Item | ShareThis
Century Reports Continued Progress During Second Quarter 2010 - More
- August 13, 2010 | Item | ShareThis
Minera Andes Reports Second Quarter 2010 Results - More
- August 13, 2010 | Item | ShareThis
Mercator Reports Profitable Second Quarter - More
- August 13, 2010 | Item | ShareThis
Mundoro Q2 2010 Financial Results - More
- August 13, 2010 | Item | ShareThis
Noront partners to provide PDAC Mining Matters Aboriginal Youth Outreach Summer Camp - More
- August 13, 2010 | Item | ShareThis
Barkerville Gold Mines Ltd.: Gold Production Begins at QR Mine & Mill - More
- August 13, 2010 | Item | ShareThis
Legend International Holdings Inc Announces Grant of Mining Lease and Project Update - More
- August 13, 2010 | Item | ShareThis
Sacre-Coeur Commences Next Phase of Drilling on Million Mountain Zone 9 - More
- August 13, 2010 | Item | ShareThis
Cameco Reports Second Quarter Earnings - More
- August 13, 2010 | Item | ShareThis
Fortuna Reports Net Income of US$ 5.98 Million on Revenue of US$ 14.57 Million in Q2 of 2010 - "During the second quarter of 2010 the Company generated net income of US$ 5.98 million compared to a net loss of US$ 1.20 million in the second quarter of 2009. This increase was driven by strong operating income of US$ 6.97 million (Q2 2009: US$ 4.36 million), a commodity contract gain of US$ 2.90 million (Q1 2010: $1.75 million). Included in the operating income is a stock-based compensation recovery of US$ 2.44 million (Q2 2009: charge US$ 11.00 million). Outside of the stock-based compensation charges, there is a marginal increase in operating income for the second quarter of 2010. This is a result of significantly higher metal prices as well as the added copper production offset by lower zinc and lead production." More
- August 13, 2010 | Item | ShareThis
Silvermex and Silver Standard Resources Inc. Amend Option Agreement for San Marcial - "Under the terms of the amended agreement, Silvermex will pay Silver Standard the amount of $6 million in cash or shares, at Silver Standard's election, on or before February 1st, 2012. The balance of the purchase price, estimated to be $7,750,000, shall be payable by way of the issuance of 1 million shares plus a royalty of 1% of net smelter returns." More
- August 13, 2010 | Item | ShareThis
International Tower Hill Shareholders Approve Corvus Gold Inc. Spin-out - "International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:ITH - News)(AMEX:THM - News)(Frankfurt:IW9 - News) is pleased to announce that its shareholders have voted 99.85% in favour of approving the spin-out of its Alaska and Nevada exploration assets into Corvus Gold Inc. ("Corvus") by way of a plan of arrangement. Over 54% of the outstanding shares of the Company were represented and voted on the arrangement resolution at the Company's Special Meeting held on August 12, 2010." More
- August 13, 2010 | Item | ShareThis
Silvercorp Announces Q1 Dividend of CAD$0.02 - "Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM - News)(NYSE:SVM - News) today announced that its Board of Directors has declared its first fiscal 2011 quarterly dividend of CAD$0.02 per share, to be paid on or before October 21, 2010 to shareholders of record at the close of business on September 30, 2010." More
- August 13, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 13 August, 2010 | |
