-- Posted 10 September, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $1244.60 | -$4.30 | -0.35% |
Silver | $19.81 | -$0.03 | -0.20% |
XAU | 185.20 | +0.93% | -0.76% |
HUI | 481.72 | +0.50% | -1.13% |
GDM | 1462.87 | +0.62% | -1.03% |
JSE Gold | 2539.61 | +26.10 | +2.87% |
USD | 82.74 | +0.11 | +0.89% |
Euro | 127.07 | +0.11 | -1.4% |
Yen | 118.79 | -0.48 | +0.22% |
Oil | $76.45 | +$2.20 | +2.48% |
10-Year | 2.795% | +0.034 | +3.29% |
Bond | 131.53125 | -0.4375 | -1.01% |
Dow | 10462.77 | +0.46% | +0.14% |
Nasdaq | 2242.48 | +0.28% | +0.39% |
S&P | 1109.55 | +0.49% | +0.46% |
The Metals:
Gold waffled on either side of unchanged in Asia and London before it fell almost 1% in early New York trade to as low as $1236.80 by a little before 9AM EST and then rebounded to see a slight gain at as high as $1250.45 by late morning, but it ultimately fell back off into the close and ended with a loss of 0.34%. Silver fell to as low as $19.68 and climbed to as high as $20.026 before it also fell back off in afternoon trade and ended with a loss of 0.15%.
Euro gold fell to about €978, platinum lost $11 to $1537.00, and copper fell another few cents to about $3.40.
Gold and silver equities rose about 1% by late morning before they fell back off a bit in afternoon trade, but they still ended with decent gains.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | July | 1.3% | 0.4% | 0.3% |
All of this week’s other economic reports:
Next week’s economic highlights include the Treasury Budget on Monday, Retail Sales and Business Inventories on Tuesday, the NY Fed Manufacturing Survey, Export and Import Prices, Industrial Production, and Capacity Utilization on Wednesday, Initial Jobless Claims, PPI, the Current Account, Net Long Term TIC Flows, and the Philadelphia Fed on Thursday, and CPI and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose after a pipeline in the Midwest was forced to shutdown after a leak.
The U.S. dollar index saw slight gains as the yen fell on strong data in China that reduced demand for the safe haven currency.
Treasuries fell on stronger than expected economic data in the US that sent the Dow, Nasdaq, and S&P modestly higher.
Among the big names making news in the market Friday were BP, Morgan Stanley, Nintendo, Wii, Nokia, and CBOE.
GATA Posts:
IMF sells 10 tonnes of gold to Bangladesh
The Statistics:
Activity from: 9/09/2010
Gold Warehouse Stocks: | 10,741,337 | +8,496 |
Silver Warehouse Stocks: | 110,526,269 | -294,289 |
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 | 1293.531 | 41,588,301 | US$51,833m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 126.03 | 4,052,129 | US$5,051m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 128.02 | 4,115,966 | US$5,127m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,553 | US$569m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.38 | 1,555,431 | US$1,952m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,969 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.911 tonnes, the LSE subtracted 0.10 tonnes, and the LSE ETFS subtracted 0.19 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 97.26: +0.55 tonne change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,307.17: +30.44 tonne change from yesterday’s data.
The Miners:
Kinross Gold’s (KGC) naming to the Dow Jones Sustainability North America Index, Northgate’s (NXG) mine development report, and SilverCrest’s (SVL.V) stock option grant were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Gold Reserve | GRZ +6.26% $1.02 |
2. DRDGOLD | DROOY +4.66% $4.49 |
3. Gold Resource | GORO+4.63% $17.63 |
LOSERS
1. Solitario | XPL -4.78% $1.99 |
2. IAMGOLD | IAG-3.03% $17.31 |
3. Paramount | PZG -2.53% $1.54 |
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:
Argentex updates shareholders on anticipated IFC investment, Pinguino drill results and scoping study - More
- September 10, 2010 | Item | ShareThis
Noront Resources Adopts Shareholder Rights Plan - More
- September 10, 2010 | Item | ShareThis
SilverCrest Announces Grant of Stock Options - "SilverCrest Mines Inc. (the "Company") (TSX-V:SVL - News) announces the grant of stock options to directors, officers and employees to purchase an aggregate of 1,125,000 common shares of the Company at an exercise price of $1.05 per share for a five year term expiring September 10, 2015. Options granted will vest as to 25% of the optioned shares on the date of grant and a further 25% will vest every six months thereafter until fully vested." More
- September 10, 2010 | Item | ShareThis
Portage Announces Proposed Business Combination with Rockport Mining Corp. - More
- September 10, 2010 | Item | ShareThis
Fortress Completes Sale of Svetloye Gold Project in Eastern Russia - More
- September 10, 2010 | Item | ShareThis
Golden Predator Intercepts 38.10 m of 1.48 g/t Gold including 19.81 m of 2.28 g/t Gold at Brewery Creek, Yukon - More
- September 10, 2010 | Item | ShareThis
New Jersey Mining Company Reports on Golden Chest Mine Exploration - More
- September 10, 2010 | Item | ShareThis
Batero Gold Amends Terms of Acquisition Agreement-100% Ownership of Quinchia Project - More
- September 10, 2010 | Item | ShareThis
WGR - Witwatersrand Consolidated Gold Resources Limited - Results of AGM - More
- September 10, 2010 | Item | ShareThis
Great Western Minerals Group Provides Update on Benjamin River Exploration Project - More
- September 10, 2010 | Item | ShareThis
Sage Finds 12,000 Metres of Unreported Drilling at Clavos Gold Mine, Timmins Area - More
- September 10, 2010 | Item | ShareThis
Strait Gold Identifies Depth Potential at Alicia With Geophysics - More
- September 10, 2010 | Item | ShareThis
Rodinia Lithium Inc. Closes CDN$5 Million Equity Financing - More
- September 10, 2010 | Item | ShareThis
Geological Interpretation of Granada Gold Property Evolves After 18,000 Metres of Phase 2 Drilling - More
- September 10, 2010 | Item | ShareThis
Soltoro Drilling Returns 172.5 Metres of 46 gpt Silver at El Rayo Primary Silver Project in Mexico - More
- September 10, 2010 | Item | ShareThis
Goldstone Announces Directors Resignations - More
- September 10, 2010 | Item | ShareThis
Tarsis Resources Ltd.: Drilling Commences at Prospector Mountain, Yukon - More
- September 10, 2010 | Item | ShareThis
Q-GOLD UPDATES MINE CENTRE, ONTARIO OPERATIONS AND APPOINTS NEW DIRECTOR - More
- September 10, 2010 | Item | ShareThis
Altius Minerals Corporation (TSX: ALS) Reports First Quarter Net Loss of $261,000 - More
- September 10, 2010 | Item | ShareThis
Playfair Announces $1 Million Flow-Through Financing-Proceeds to Be Used for Drilling at Seal Lake - More
- September 10, 2010 | Item | ShareThis
Pershimco Acquires 100% of the Panamanian Gold Corporation Minera Cerro Quema, S.A. - More
- September 10, 2010 | Item | ShareThis
GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887) - Resignation of Non Executive Director - More
- September 10, 2010 | Item | ShareThis
HudBay Earns 51% Joint Venture Interest in Aquila Resources' Back Forty Project - More
- September 10, 2010 | Item | ShareThis
HudBay Earns 51% Joint Venture Interest in Aquila's Back Forty Project - More
- September 10, 2010 | Item | ShareThis
Marathon Charts A Course for the Future - More
- September 10, 2010 | Item | ShareThis
Terraco Appoints William Lamb as Director - More
- September 10, 2010 | Item | ShareThis
Significant Contiguous Acreage Acquired at Red Chris South Prospect - More
- September 10, 2010 | Item | ShareThis
ROCA - MAX Molybdenum Mine Production Update - More
- September 10, 2010 | Item | ShareThis
YS Mining Announces Formal Commencement of Cash Offer to Purchase All of the Outstanding Shares and Debt of Tagish Lake Gold Corp. - More
- September 10, 2010 | Item | ShareThis
Kinross Named to Dow Jones Sustainability Index North America - "Kinross Gold Corporation (TSX:K - News)(NYSE:KGC - News) announced today that the Company has been named to the Dow Jones Sustainability North America Index (DJSI North America), which tracks leaders in sustainability among North America's largest companies." More
- September 10, 2010 | Item | ShareThis
Northgate Minerals' Young-Davidson Mine to Commence Production in Early 2012 - "Northgate Minerals Corporation ("Northgate") (TSX:NGX; NYSE-A:NXG) entered into a dynamic new stage of development for its Young-Davidson Gold Mine after a groundbreaking ceremony was held this morning at the site near the town of Matachewan, Ontario." More
- September 10, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 10 September, 2010 | |
