-- Posted 9 September, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1248.90 | -$6.80 |
Silver | $19.84 | -$0.12 |
XAU | 183.49 | -1.78% |
HUI | 479.32 | -1.57% |
GDM | 1453.83 | -1.72% |
JSE Gold | 2513.51 | -32.95 |
USD | 82.63 | UNCH |
Euro | 127.07 | -0.16 |
Yen | 119.30 | +0.04 |
Oil | $74.25 | -$0.42 |
10-Year | 2.761% | +0.107 |
T-Bond | 131.96875 | -1.65625 |
Dow | 10415.24 | +0.27% |
Nasdaq | 2236.20 | +0.33% |
S&P | 1104.18 | +0.48% |
The Metals:
Gold waffled on either side of unchanged in Asia and London before it fell in morning New York trade to as low as $1242.35 by a little after noon EST, but it then climbed back higher in the last hour and a half of trade and ended with a loss of just 0.54%. Silver fell to as low as $19.69 before it also rallied back higher in late trade and ended with a loss of just 0.6%.
Euro gold fell to about €984, platinum lost $8.20 to $1548.00, and copper dropped 6 cents to about $3.43.
Gold and silver equities fell roughly 2% by late morning and remained at about that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 9/04 | 451K | 470K | 478K |
Trade Balance | July | -$42.8B | -$47.3B | -$49.8B |
Tomorrow at 10AM EST is the Wholesale Inventories report for July expected at 0.4%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended lower after the EIA reported that crude inventories fell 1.9 million barrels, gasoline inventories fell 200,000 barrels, and distillates fell 400,000 barrels.
The U.S. dollar index closed unchanged after mixed signals from Japanese authorities about whether or not they will intervene to take the yen down from roughly 15-year highs.
Treasuries fell after today’s $13 billion 30-year note auction sold at a high yield of 3.82% with a bid to cover of 2.73.
The Dow, Nasdaq, and S&P traded mostly slightly higher on mildly encouraging economic data.
Among the big names making news in the market today were Google, McDonald’s, Goldman Sachs, Burger King, Ford, and Calpers.
GATA Posts:
Hinde Capital's Ben Davies takes gold price suppression show on the road
The Statistics:
Activity from: 9/08/2010
Gold Warehouse Stocks: | 10,732,841 | -2,391 |
Silver Warehouse Stocks: | 110,820,558 | -426,919 |
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 | 1294.442 | 41,617,620 | US$52,224m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 126.13 | 4,055,245 | US$5,046m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 128.21 | 4,122,005 | US$5,129m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,558 | US$570m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.38 | 1,555,431 | US$1,952m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,970 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: The LSE subtracted 1.13 tonnes and the LSE ETFS added 0.17 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 96.71: +0.61 tonne change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9276.73 - No change from yesterday’s data.
The Miners:
ITH’s (THM) drill results, Coeur’s (CDE) drill results, Great Basin’s (GBG) updated resources, Allied Nevada’s (ANV) drill results, Aurcana’s (AUN.V) second quarter earnings, Silver Quest’s (SQI.V) drilling, and SilverCrest’s (SVL.V) metals pour were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Richmont | RIC +4.98% $5.06 |
2. Tanzanian Royalty | TRE +3.03% $6.47 |
3. Minco Gold | MGH +1.55% $1.31 |
LOSERS
1. Timberline | TLR -6.25% $1.05 |
2. Seabridge | SA -5.06% $28.72 |
3. Nevsun | NSU-4.12% $4.89 |
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:
Castle Resources Provides Granduc Operations Update - More
- September 09, 2010 | Item | ShareThis
Copper Fox Comments on Trading of its Common Shares - More
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Vangold Resources Ltd.: 3D IP Survey Report for Fergusson and 3D IP Survey Update for Mt Penck Papua New Guinea - More
- September 09, 2010 | Item | ShareThis
Cresval Capital Corp. Closes Private Placement - More
- September 09, 2010 | Item | ShareThis
SUNWARD APPOINTS A CHAIRMAN AND APPOINTS 4 NEW DIRECTORS TO THE BOARD - More
- September 09, 2010 | Item | ShareThis
Aurcana Corporation Reports 54% Increase in Earnings From Mining Operations for Q2, 2010 - "For the three months ended June 30, 2010, the Company posted consolidated net sales of $4,935,470 (2009: $3,621,463), earnings from mining operations of $1,324,845 (2009: $858,932), a loss from operations including corporate expenses of $1,152,800 (2009: $685,116), and a consolidated net loss of $3,136,875 (2009: net earnings of $2,837,660)." More
- September 09, 2010 | Item | ShareThis
Anfield Discovers Additional High Grade Nickel Mineralization at Its Mayaniquel Project, Guatemala - More
- September 09, 2010 | Item | ShareThis
Silver Quest Commences Drilling at Prospector Mountain, Yukon - "Silver Quest Resources Ltd. (TSX-V:SQI - News) (the "Company") is pleased to provide an update on its Prospector Mountain Property, located 90 km northeast of Carmacks, Yukon. The Phase II exploration drill program (approximately 1,500 m) has commenced to test the recently discovered Bonanza Zone." More
- September 09, 2010 | Item | ShareThis
EL CONDOR PROVIDES UPDATE ON ANCHACA WORK PROGRAM and ACQUIRES ARIZONA AU-AG PROPERTY OPTION - More
- September 09, 2010 | Item | ShareThis
LIM Signs Impact Benefits Agreement With Naskapi Nation - More
- September 09, 2010 | Item | ShareThis
Amarok Resources, Inc. to Be Covered by Standard & Poor's Market Access Program - More
- September 09, 2010 | Item | ShareThis
Nuinsco Finalizes Agreement on Egyptian Gold Concession - More
- September 09, 2010 | Item | ShareThis
Mountain Boy Minerals Ltd.: Multiple High Grade Zones Drilled in Main Zone, and Strike Length of VMS System Tripled at BA - More
- September 09, 2010 | Item | ShareThis
Orosur Mining Inc. Directors Dealing - More
- September 09, 2010 | Item | ShareThis
Drill Program for Metallurgical Testing Commences at Halo's Lost Deposit - More
- September 09, 2010 | Item | ShareThis
North Atlantic Completes Sale of Shares of Niger Resources for CDN$1 Million - More
- September 09, 2010 | Item | ShareThis
Dia Bras Begins Drilling the Las Coloradas Polymetallic Target in Zacatecas - More
- September 09, 2010 | Item | ShareThis
United Mining Group Commences Trading on TSX under Symbol "UMG" - More
- September 09, 2010 | Item | ShareThis
Northern Shield Announces Exploration Updates For Wabassi, Highbank and Quebec Properties. - More
- September 09, 2010 | Item | ShareThis
MONETA'S SOUTHWEST ZONE OFFERS UP ANOTHER HIGH GRADE GOLD ZONE FURTHER EXPANDING THE MINERALIZED GOLD ENVELOPE - More
- September 09, 2010 | Item | ShareThis
Silvore Fox Minerals Announces Drill Program at Coxheath Property - More
- September 09, 2010 | Item | ShareThis
American Paramount Gold Corp. Appoints Leland D. Verner to Its Board of Directors - More
- September 09, 2010 | Item | ShareThis
Camino Minerals Corporation: First Phase of Exploration Complete; Strenghtens Exploration Team - More
- September 09, 2010 | Item | ShareThis
Bison Gold Resources Inc. Arranges $450,000 Private Placement and $350,000 Convertible Debenture Financing - More
- September 09, 2010 | Item | ShareThis
Pacific Rim Mining Commences Trading on OTCQX - More
- September 09, 2010 | Item | ShareThis
Sona Resources Corp.: Elizabeth Gold Property Exploration Under Way - More
- September 09, 2010 | Item | ShareThis
Matamec Retains Engineering Firm Roche Ltd, Consulting Group, to Assist in the Development of Its Rare Earth-Yttrium-Zirconium Zeus Project - More
- September 09, 2010 | Item | ShareThis
Expedition and Aldrin Begin Trenching and Mapping Program on Yukon Brew Property - More
- September 09, 2010 | Item | ShareThis
Coro Announces Positive Conclusions From Hydrological Studies At San Jorge Project - More
- September 09, 2010 | Item | ShareThis
United Reef Reports Mobilization of A Phase 2 Drilling Program by URSA Major Minerals on Nickel Offsets Property, Sudbury - More
- September 09, 2010 | Item | ShareThis
Supatcha Resources Commences Vynohradiv Drill Program - More
- September 09, 2010 | Item | ShareThis
Lithium and Other Multi-Element Anomalies Confirmed at Valleyview, Alberta - More
- September 09, 2010 | Item | ShareThis
Columbus Silver Corporation: Conditional Acceptance of Phase 2 and 3 Drilling Permit at Mogollon Silver-Gold Project - More
- September 09, 2010 | Item | ShareThis
Consolidated Thompson Iron Mines Limited Operational Updates - More
- September 09, 2010 | Item | ShareThis
St. Elias Mines Ltd. Engages INDEVA Corporation to Provide Consulting Services - More
- September 09, 2010 | Item | ShareThis
Batero Gold Discovers New Zone of Porphyry Mineralization - More
- September 09, 2010 | Item | ShareThis
SEMAFO Confirms Continuity of Mineralization at Mana's Kona Zone Delineation Drilling Results Include 4.44 g/t Au Over 21 Meters - More
- September 09, 2010 | Item | ShareThis
Volta Extends Strike of Kiaka Gold Mineralization by 400m to the South - More
- September 09, 2010 | Item | ShareThis
Reunion Manganese Obtains Prospecting Licences for Manganese Over the Historic Matthews Ridge and Pipiani Deposits in Guyana; Appointment of COO - More
- September 09, 2010 | Item | ShareThis
Quaterra Drilling Continues to Expand Acid-Soluble Copper Zone at MacArthur - More
- September 09, 2010 | Item | ShareThis
Quest Rare Minerals Receives Results of Preliminary Economic Assessment (PEA) for Strange Lake B-Zone - More
- September 09, 2010 | Item | ShareThis
USCorp a Junior Gold Exploration Company Signs Letter of Intent With Chinese Conglomerate - More
- September 09, 2010 | Item | ShareThis
Xmet Commences a Diamond Drill Program on Duquesne-Ottoman Property - More
- September 09, 2010 | Item | ShareThis
Beaufield Launches Major Airborne Gravity and Magnetic Survey at Schefferville - More
- September 09, 2010 | Item | ShareThis
REC Minerals Announces Results of Up to 10.8 Grams/Ton Gold and 228 Grams/Ton Silver from Chip Sampling at Its MC Dalhousie Project - More
- September 09, 2010 | Item | ShareThis
Melkior Explores McFaulds East Rim and Sells Brokeback - More
- September 09, 2010 | Item | ShareThis
Creston Moly Intersects 67.1 Metres of 0.134% Molybdenum - More
- September 09, 2010 | Item | ShareThis
Serengeti Reports Final Kwanika 2010 Drilling Results, Identifies Additional Potential on Property - More
- September 09, 2010 | Item | ShareThis
Avion Extends High Grade Tabakoto Mineralization to Depth - More
- September 09, 2010 | Item | ShareThis
San Gold Extends 007 to Depth and Along Strike Nearing Emperor Zone - More
- September 09, 2010 | Item | ShareThis
Bellhaven Drills Wide Intercepts of Gold and Copper at La Mina Porphyry Gold-(Copper) Project, Colombia - More
- September 09, 2010 | Item | ShareThis
American Rare Earths & Materials CEO Applauds New Efforts by Congress on Rare Earths Legislation - More
- September 09, 2010 | Item | ShareThis
Alder Announces Commencement of Work Program and Drill Contract at Its La Montanita Property in Medellin, Colombia - More
- September 09, 2010 | Item | ShareThis
Belmont Options Up to 60% Interest in Lumby/Bufo Gold Property in Atikokan, Ontario to Eurogas - More
- September 09, 2010 | Item | ShareThis
LKA's Golden Wonder Exploration Program Yields over 907 Ounces of Gold to Date - More
- September 09, 2010 | Item | ShareThis
European Goldfields - DIRECTORS DEALINGS - More
- September 09, 2010 | Item | ShareThis
Geo Minerals Acquires BC Ground Adjacent to Richfield Ventures' Blackwater Deposit Plus Ground in Vicinity of Prosperity Mine - More
- September 09, 2010 | Item | ShareThis
Australian mine tax uncertainty to last into 2011 - "Uncertainty over the shape of Australia's controversial mining tax is likely to last well into 2011 after national elections which returned the country's first minority government since World War Two." More
- September 09, 2010 | Item | ShareThis
RockBridge Announces Copper Assay Results Up to 1.95% - More
- September 09, 2010 | Item | ShareThis
Dun Glen Gold Content Analysis Shows Increases Up to 200% - More
- September 09, 2010 | Item | ShareThis
SilverCrest Completes First Metals Pour at Santa Elena - "SilverCrest Mines Inc. (the "Company") (TSX VENTURE:SVL - News) has successfully completed its first metals pour of gold and silver dore at its Santa Elena Mine located in Sonora, Mexico. Gold and silver production will continue to escalate over the next 4 months, as ore tonnes under leach and recovery rates increase. There are currently an estimated 100,000 tonnes of ore stacked on the leach pad, with approximately 60,000 tonnes under leach. SilverCrest anticipates that the mine will reach design capacity by the end of the year." More
- September 09, 2010 | Item | ShareThis
International Tower Hill Intersects High-Grade Gold Zone and Expands New Olive Zone at Livengood Gold Deposit, Alaska - "International Tower Hill Mines Ltd. ("ITH" or the "Company") - is pleased to announce the results from the latest 17 drill holes completed in its 50,000-metre Summer 2010 Livengood Exploration Program (Table 2). Highlighted in these latest holes is not only the continued confirmation and expansion of the deposit but the expansion of a shallow, high-grade, northwest trending zone within the Core Zone (MK-RC-405: 6.1m @ 18.2 g/t gold). This consistent trend of +6 g/t mineralization, which extends for nearly a half a kilometre within the large lower grade deposit, is emerging as one of the key early mining targets for the deposit." More
- September 09, 2010 | Item | ShareThis
Coeur's Exploration Program at Kensington Gold Mine Returning Favorable Results - "Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM - News) (ASX:CXC - News) today reported that its exploration drilling program at the newly opened Kensington Gold Mine in Alaska has been returning favorable results through the first eight months of this year, with the exploration of new targets continuing." More
- September 09, 2010 | Item | ShareThis
Great Basin Gold Updates Hollister Mineral Resources Measured and Indicated Gold Equivalent Ounces Increase by 14% - "Great Basin Gold Ltd. ("Great Basin Gold" or the "Company"), (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces a revised mineral resource estimate has been completed for the Company's Hollister Project on the Carlin Trend in Nevada, USA. At a cut-off grade of 0.25 oz/ton (8.57 g/t Au), the combined measured and indicated mineral resources contain 1.64 million gold equivalent ounces grading 1.305 oz/ton (44.73 g/t Au) for gold and 10.3 oz/ton (355 g/t) for silver, an increase of 14% compared to 1.44 million ounces in 2009. A further 1.27 million gold equivalent ounces are contained in inferred mineral resources of 1.04 million tons at a grade of 0.59 oz/ton (20.19 g/t) for gold and 13.8 oz/ton (472 g/t) for silver." More
- September 09, 2010 | Item | ShareThis
Allied Nevada Drills 36 Meters Grading 3.13 g/t Gold Equivalent in the North Brimstone Area at the Hycroft Mine - "Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV - News)(AMEX:ANV - News) is pleased to provide an update on recent North Brimstone drilling at its wholly owned Hycroft mine, located west of Winnemucca, Nevada. Highlights from this drilling include 36 meters grading 3.13 g/t AuEq (2.52 g/t Au and 35 g/t Ag) and 50 meters grading 1.01 g/t AuEq (0.57 g/t Au and 25 g/t Ag). The intercepts encountered in these recently drilled holes are higher than the average proven and probable reserve grades of 0.48 g/t Au and 7.54 g/t Ag." More
- September 09, 2010 | Item |
- Chris Mullen, Gold Seeker Report
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-- Posted 9 September, 2010 | |