-- Posted 4 October, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1315.70 | -$0.80 |
Silver | $22.01 | -$0.01 |
XAU | 196.77 | -1.74% |
HUI | 505.46 | -1.75% |
GDM | 1533.81 | -1.68% |
JSE Gold | 2537.55 | -19.64 |
USD | 78.44 | +0.35 |
Euro | 136.89 | -0.88 |
Yen | 119.88 | -0.15 |
Oil | $81.47 | -$0.11 |
10-Year | 2.497% | -0.047 |
T-Bond | 133.90625 | +0.53125 |
Dow | 10751.27 | -0.72% |
Nasdaq | 2344.52 | -1.11% |
S&P | 1137.03 | -0.80% |
The Metals:
Gold rose a few dollars to as high as $1319.70 in Asia before it fell to see a $4.60 loss at $1311.90 in London and then rallied back to see a slight gain shortly before 8AM EST, but it then chopped around near $1315 in New York and ended with a loss of 0.06%. Silver climbed to $22.165 and fell to $21.871 before it rebounded in late trade and ended with a loss of 0.05%.
Euro gold rose to about €961, platinum lost $11.45 to $1663.75, and copper fell a few cents to about $3.66.
Gold and silver equities fell about 2% by late morning and remained near that level for the rest of the day.
Most gold bugs confident of more gains
MarketWatch
Super-rich investors buying gold by the ton
Reuters
The Economy:
Report | For | Reading | Expected | Previous |
Factory Orders | Aug | -0.5% | -0.4% | 0.5% |
Pending Home Sales | Aug | 4.3% | 1.0% | 4.5% |
Tomorrow at 10AM EST brings ISM Services for September expected at 51.8.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower as the U.S. dollar index rose after the euro fell on increased debt and economic worries in Europe.
Treasuries rose as the Dow, Nasdaq, and S&P fell on ratings downgrades and mixed economic data.
Among the big names making news in the market today were BP, Sara Lee, Sanofi and Genzyme, and Verizon.
GATA Posts:
James Turk charts gold, silver, and the dollar
France approaches China for better way of rigging currency markets
Investors see silver lining in economic gloom
Gotta keep those electrons somewhere
The Statistics:
Activity from: 10/01/2010
Gold Warehouse Stocks: | 10,896,375 | -257 |
Silver Warehouse Stocks: | 111,087,541 | +7,776 |
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 | 1302.345 | 41,871,691 | US$54,977m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 126.57 | 4,069,220 | US$5,352m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 127.58 | 4,101,715 | US$5,395m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,431 | US$601m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.98 | 1,574,587 | US$2,058m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,968 | US$ |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.431 tonnes, the LSE subtracted 0.21 tonnes, and the LSE ETFS subtracted 0.45 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 99.72 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9786.47 - No change from yesterday’s data.
The Miners:
Taseko’s (TGB) third quarter production, Tanzanian Royalty’s (TRE) closed private placements, Gammon Gold’s (GRS) mine strike declared illegal, Exeter’s (XRA) bought deal financing, and Endeavour’s (EXK) commenced offer to acquire Cream Minerals (CMA.V) were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Resource | GORO+8.95% $20.70 |
2. Mines MGMT | MGN +6.07% $2.27 |
3. Vista Gold | VGZ +2.99% $2.76 |
LOSERS
1. Exeter | XRA-7.12% $6.00 |
2. Northgate | NXG-5.90% $2.87 |
3. Entree | EGI -5.86% $2.73 |
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:
Endeavour Silver Commences All Cash Offer to Acquire Cream Minerals - "Endeavour Silver Corp. (TSX:EDR - News)(AMEX:EXK - News)(DBFrankfurt: EJD) ("Endeavour" or the "Company") announced today that it has commenced its formal offer to purchase all of the outstanding common shares (the "Offer") of Cream Minerals Ltd. ("Cream") (TSX-V:CMA - News). Endeavour has filed its take-over bid circular (the "Circular") on SEDAR at www.sedar.com and the Circular is being mailed to all Cream shareholders today." More
- October 04, 2010 | Item | ShareThis
Caldera to Raise $ 2 Million for Drill Program in Armenia - More
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Decade Resources Announces Additional Assay Results From the Wedeene Copper Gold Property at Kitimat, British Columbia - More
- October 04, 2010 | Item | ShareThis
Taseko Announces Strong Third Quarter Production Results From its Gibraltar Copper Mine - "For the third quarter of 2010, Gibraltar produced 25.7 million pounds of copper and 265 thousand pounds of molybdenum. Third quarter copper production was 5.6 million pounds higher than the previous quarter and 11.7 million pounds higher than the corresponding quarter in 2009." More
- October 04, 2010 | Item | ShareThis
Goldcliff Resource Corporation: Copper Mountain Exploration in Progress - More
- October 04, 2010 | Item | ShareThis
Prophecy Appoints Derek Liu as Chief Financial Officer, September 30 Conference Call Playback Number Available - More
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Tanzanian Royalty Closes Private Placements - "Tanzanian Royalty Exploration Corporation advises two private placements in the aggregate amount of $2,060,000 announced on September 7, 2010 have both closed. The funds will be utilized for the purchase of equipment and for general corporate expenses." More
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SLAM COMPLETES $2,263,900 NON-BROKERED FINANCING - More
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Capstone Reports Expanded Copper-Gold Zones at Wildfire / Copper Keel, Minto Mine - More
- October 04, 2010 | Item | ShareThis
Eaglecrest Seeks Additional Gold Assets in Colombia: Signs Agreement to Acquire 75% of Venecia Project - More
- October 04, 2010 | Item | ShareThis
Selva Resources Corp. Announces First Earnings From Piura Peru - More
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Amarillo Commences 5,000 Metre Drilling Program at Mara Rosa Project Brazil - More
- October 04, 2010 | Item | ShareThis
Hellix Announces Margarita Gold Silt Sampling Results - More
- October 04, 2010 | Item | ShareThis
2010 Drilling Program Underway at Thunder Mountain Gold's South Mountain Project - More
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TerraX begins initial fieldwork on Stewart gold-copper property in Newfoundland - More
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Ian Stewart Appointed as President and Chief Operating Officer of Inspiration Mining Corporation - More
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Goldcorp Declares Tenth Monthly Dividend Payment for 2010 - "GOLDCORP INC. (GG: NYSE; G: TSX) is pleased to declare its tenth monthly dividend payment for 2010 of $0.015 per share. Shareholders of record at the close of business on Thursday, October 14, 2010 will be entitled to receive payment of this dividend on Friday, October 22, 2010. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends." More
- October 04, 2010 | Item | ShareThis
Edgewater Exploration Announces Blayne Johnson as Director - More
- October 04, 2010 | Item | ShareThis
Riverstone Appoints Mining Executive to Board - More
- October 04, 2010 | Item | ShareThis
High River Gold Announces Resignation of Chief Executive Officer - More
- October 04, 2010 | Item | ShareThis
Canadian Mining Retains Corporate Consultant Mr. Paul Lamarche - More
- October 04, 2010 | Item | ShareThis
Metanor in Discussions with Financial Firms for the Financing of the Bachelor Project - More
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Golden Phoenix Completes Phase I Sampling of Vanderbilt Silver and Gold Project; Grades Average 2.1 g/t Gold; 58.6 g/t Silver - More
- October 04, 2010 | Item | ShareThis
Copper Creek Announces Private Placement - More
- October 04, 2010 | Item | ShareThis
Soho Resources Corp. Announces Positive Preliminary Economic Assessment for Current Resource Identified on Its Tahuehueto Project - More
- October 04, 2010 | Item | ShareThis
Wildcat Grants Stock Options - More
- October 04, 2010 | Item | ShareThis
Crown Gold Announces Brokered Private Placement with MGI Securities and Pope and Company - More
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Tarsis Closes Financing & Grants Options - More
- October 04, 2010 | Item | ShareThis
Iberian Minerals Moves to TSX Venture Tier 1 - More
- October 04, 2010 | Item | ShareThis
Inmet Mining Announces Submission of the Cobre Panama Environmental and Social Impact Assessment to the Panamanian Environmental Regulatory Authority - More
- October 04, 2010 | Item | ShareThis
Donner Metals Ltd.: Xstrata Zinc To Conduct Definition Drilling at PD1 Deposit - More
- October 04, 2010 | Item | ShareThis
NV Gold Secures Drill Contractor for Nevada Gold Property - More
- October 04, 2010 | Item | ShareThis
Rye Patch Gold Acquires Cortez Trend Property - More
- October 04, 2010 | Item | ShareThis
Ironwood Gold Successfully Completes Initial Drill Test at Cobalt Canyon, Nevada - More
- October 04, 2010 | Item | ShareThis
Anglo Swiss Resources Inc. Drills 3.2 Meters of 17.29 Grams Gold at the Kenville Gold Mine - More
- October 04, 2010 | Item | ShareThis
AXMIN Hosts Government Representatives From the Central African Republic in Toronto, Canada-Webcast Alert - More
- October 04, 2010 | Item | ShareThis
Rockridge Confirms Gold Discovery at Fatou Gold Project, Mali; Drilling Returns Up To 27m Grading 3.1g/tonne Gold - More
- October 04, 2010 | Item | ShareThis
BCGold Corp. Expands Land Position at Engineer Gold Mine Property, B.C. - More
- October 04, 2010 | Item | ShareThis
Vanstar Acquires 67 Cells in the Frotet-Troilus Volcanic Belt - More
- October 04, 2010 | Item | ShareThis
Southern Arc and Vale Enter Into Option/Joint Venture Agreement - More
- October 04, 2010 | Item | ShareThis
Aura Silver Continues Work at Taviche, Mexico With Renewal of Exploration Permit - More
- October 04, 2010 | Item | ShareThis
Barkerville Assays 8.7 Meters (28.4 feet) of 80.78 g/T (2.356 oz/t) Gold at New Discovery on Barkerville Mountain-Additional Assays Pending - More
- October 04, 2010 | Item | ShareThis
Nevada Exploration Announces a New Phase I Drilling Program at the Shine Claims - More
- October 04, 2010 | Item | ShareThis
High Grade Results Continue to Expand and Upgrade Lookout Zone at Niblack - More
- October 04, 2010 | Item | ShareThis
Peregrine Metals: Measured and Indicated Resource at Altar Increases 74 % to 802 Million Tonnes Grading 0.44% Cu Equivalent - More
- October 04, 2010 | Item | ShareThis
Galore Commences Diamond Drill Program on Dos Santos - More
- October 04, 2010 | Item | ShareThis
Northern Rand Appoints New Officers - More
- October 04, 2010 | Item | ShareThis
San Gold Corporation Files Amended Technical Report in Order to Incorporate and Add Mineral Reserves - More
- October 04, 2010 | Item | ShareThis
Lydian Drills 186m at 1.1g/t and 85m at 1.2g/t Gold in Exploratory Drilling at Erato, 900m North of the Resource Envelope at Amulsar - More
- October 04, 2010 | Item | ShareThis
Capstone Reports Expanded Copper-Gold Zones at Wildfire / Copper Keel, Minto Mine - More
- October 04, 2010 | Item | ShareThis
Colombian Mines Announces Additions to Board - More
- October 04, 2010 | Item | ShareThis
Fjordland: Drilling at Woodjam South Yields 401 m Grading 0.30% Copper and 0.006% Molybdenum - More
- October 04, 2010 | Item | ShareThis
Searchlight Minerals Corp. to Pursue Autoclaving to Extract Precious Metals From Clarkdale Slag Project - More
- October 04, 2010 | Item | ShareThis
Aquila Resources Inc.: Correction to Globe and Mail Report - More
- October 04, 2010 | Item | ShareThis
New Assay Results Substantially Increase Rare Earth Element Values - More
- October 04, 2010 | Item | ShareThis
Initial Discovery Holes at African Queen's King Solomon Project Reveal Significant Copper, Gold and Silver Mineralization and Suggest Robust Polymetallic System - More
- October 04, 2010 | Item | ShareThis
El Cubo Labour Strike Declared Illegal - "On June 3, 2010 the Company announced operations at the El Cubo mine were suspended due to an illegal labour disruption launched by the union workforce. As a result, 397 union workers were terminated as of June 16, 2010 and criminal charges for dispossession and damages were filed against seven union executives. Regardless of their termination, the union subsequently declared a strike on June 30, 2010. Since that time, the legality of the union's strike action has been under consideration by the Federal Labor Board. On October 2, 2010, the Labor Court released its ruling that has declared the strike action illegal. In accordance with this ruling, the union should release the assets to the Company and the Company is now working through all legal channels to recover access to the facilities to assess the potential resumption of mining opportunities." More
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Exeter Resource Corporation Announces CAD$50 Million Bought Deal Financing - "Exeter Resource Corporation (AMEX:XRA, TSX:XRC, Frankfurt:EXB or the "Company") is pleased to announce that it has entered into an agreement with an underwriter (the "Underwriter"), pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, pursuant to a Canadian short form prospectus, 8,065,000 common shares (the "Common Shares") of the Company at a price of CAD$6.20 per share for gross proceeds of CAD$50,003,000 (the "Underwritten Offering")." More
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- Chris Mullen, Gold Seeker Report
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-- Posted 4 October, 2010 | |