-- Posted 20 August, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $1227.30 | -$5.50 | +1.05% |
Silver | $17.98 | -$0.34 | -0.61% |
XAU | 178.13 | -0.65% | +3.32% |
HUI | 468.35 | -0.60% | +3.18% |
GDM | 1420.60 | -0.52% | +3.42% |
JSE Gold | 2464.88 | -18.83 | -0.18% |
USD | 83.06 | +0.57 | +0.16% |
Euro | 127.08 | -1.11 | -0.36% |
Yen | 116.74 | -0.41 | +0.74% |
Oil | $73.46 | -$0.97 | -2.56% |
10-Year | 2.612% | +0.033 | -2.83% |
Bond | 134.00 | -0.34375 | +1.52% |
Dow | 10213.62 | -0.56% | -0.87% |
Nasdaq | 2179.76 | +0.04% | +0.29% |
S&P | 1071.69 | -0.37% | -0.70% |
The Metals:
Gold fell as much as $10.65 to $1222.15 by about 10AM EST, but it then rallied back higher in the last few hours of trade and ended with a loss of just 0.45%. Silver dropped all the way to $17.82 before it also bounced back higher in late trade, but it still ended with a loss of 1.86%.
Euro gold rose to about €966, platinum lost $13 to $1507, and copper fell a few cents to about $3.29.
Gold and silver equities fell over 2% at the open before they rallied back higher for most of the rest of the day, but they still ended with slight losses.
The Economy:
Nearly 50 percent leave Obama mortgage-aid program Yahoo
Jobless rate drops in 18 states, rises in 14 Yahoo
North Dakota network gets $10.8M in stimulus money Yahoo
And Now We're Headed For The GREATEST Depression, Says Gerald Celente Yahoo
There were no major economic reports today. All of this week’s previous economic reports:
NAHB Housing Market Index - August | 13 v. 14 |
Next week’s economic highlights include Existing Home Sales on Tuesday, Durable Goods Orders and New Home Sales on Wednesday, Initial Jobless Claims on Thursday, and GDP and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index rose as the euro fell after “comments by a senior European Central Bank official fuelled expectations for liquidity to remain ample and investors sold riskier assets on concerns of economic slowdown.”
Oil fell and treasuries rose on persistent worries about that economy that sent the Dow, Nasdaq, and S&P roughly 1% lower in morning trade, but an afternoon rally in the major indices left stocks mixed on the day while bonds reversed course and ended lower.
Among the big names making news in the market Friday were McDonald’s, Ford, Kraft, and Intel.
GATA Posts:
Douglas' 'Failure of Second London Gold Pool' published in Spanish
What were Bernanke and Geithner doing Wednesday afternoon?
Izabella Kaminska: Germany's defaulted gold bearer bond
Why can't those Nepalese women settle for a nice ETF?
The Statistics:
Activity from: 8/19/2010
Gold Warehouse Stocks: | 10,900,858 | -62,691 |
Silver Warehouse Stocks: | 111,348,300 | +365,584 |
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 | 1299.468 | 41,779,209 | US$51,103m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 125.96 | 4,049,720 | US$4,969m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,660 | US$561m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.36 | 1,587,055 | US$1,933m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,971 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.952 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 93.98: +0.46 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9151.03 - No change from yesterday’s data
The Miners:
There were no big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Almaden | AAU +9.35% $1.99 |
2. Mag Silver | MVG+7.82% $7.31 |
3. Banro | BAA +6.37% $1.67 |
LOSERS
1. Rubicon | RBY -3.62% $4.26 |
2. Taseko | TGB -3.52% $4.39 |
3. Silver Standard | SSRI -2.46% $17.07 |
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:
Metanor Renegotiates its Credit Facility - More
- August 20, 2010 | Item | ShareThis
Khan Files Formal Claim Against ARMZ - More
- August 20, 2010 | Item | ShareThis
Rio Cristal Resources Announces $2,800,000 Financing - More
- August 20, 2010 | Item | ShareThis
White Canyon Uranium Limited: Resignation of Executive Director - More
- August 20, 2010 | Item | ShareThis
Columbia Yukon Announces Non-Brokered Private Placement - More
- August 20, 2010 | Item | ShareThis
Wits Basin Announces China Global Mining Resources Capital Update - More
- August 20, 2010 | Item | ShareThis
Commencement of Cavan 2010 Exploration Program - More
- August 20, 2010 | Item | ShareThis
Aura Silver Extends Gold Corridor and Discovers New Base Metal Target, Greyhound Nunavut - More
- August 20, 2010 | Item | ShareThis
Magma Metals Limited: Large Gold Anomaly Defined at Griffins Find - More
- August 20, 2010 | Item | ShareThis
Silvore Fox Minerals Announces Airborne Geophysical Survey of Coxheath Property - More
- August 20, 2010 | Item | ShareThis
Prophecy Board Appointment - More
- August 20, 2010 | Item | ShareThis
Orvana Files Reserve Statement and Cash-Flow Model for Upper Mineralized Zone (UMZ) Cu-Au-Ag Deposit, Bolivia - More
- August 20, 2010 | Item | ShareThis
Panoro Minerals Ltd.: Results From Antilla Joint Venture Project in Peru Highlighted by 39.8 m at 0.85% Cu and 0.028% Mo - More
- August 20, 2010 | Item | ShareThis
Northland Receives the Environmental Permit for its Tapuli Mine and Kaunisvaara Mill - More
- August 20, 2010 | Item | ShareThis
Moly Mines Limited: Spinifex Ridge Iron Ore Mining Contract-Awarded - More
- August 20, 2010 | Item | ShareThis
Batero Gold Corp. Provides Exploration Program and Corporate Update - More
- August 20, 2010 | Item | ShareThis
Auryx Gold Announces the Addition of David Hodgson to its Board of Directors - More
- August 20, 2010 | Item | ShareThis
Pacific Rim Signs Binding Letter of Intent to Acquire Remance Project, Panama - More
- August 20, 2010 | Item | ShareThis
El Capitan Contracts with Expert in Extractive Metallurgy to Assist in the Company's Recovery Research Project - More
- August 20, 2010 | Item | ShareThis
Continental Gold Expands Senior Management Team and Appoints Executive Vice President - More
- August 20, 2010 | Item | ShareThis
CanAlaska Uranium Reports Drill Results From Collins Bay Extension Project - More
- August 20, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 20 August, 2010 | |
