-- Posted 29 October, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $1356.50 | +$14.10 | +2.42% |
Silver | $24.54 | +$0.68 | +6.14% |
XAU | 204.30 | +1.34% | +3.80% |
HUI | 522.23 | +1.58% | +4.43% |
GDM | 1578.89 | +1.75% | +4.43% |
JSE Gold | 2588.63 | +47.61 | +3.70% |
USD | 77.18 | -0.11 | -0.32% |
Euro | 139.16 | -0.14 | -0.17% |
Yen | 124.27 | +0.81 | +1.11% |
Oil | $81.43 | -$0.75 | -0.32% |
10-Year | 2.612% | -0.049 | +1.91% |
Bond | 130.9375 | +0.71875 | -0.57% |
Dow | 11118.49 | +0.04% | -0.13% |
Nasdaq | 2507.41 | +0.04% | +1.13% |
S&P | 1183.26 | -0.04% | +0.02% |
The Metals:
Gold fell about 0.5% to $1335.23 in early London trade before it jumped up to $1352.62 a little after 8AM EST and then fell back to see a $0.62 loss at $1341.78 a little before 10AM EST, but it ultimately climbed back higher in early afternoon trade and ended near its late session high of $1359.30 with a gain of 1.05%. Silver fell to $23.72 in overnight trade before it rallied back higher for most of trade in London and New York and ended near its late session high of $24.567 with a gain of 2.85%.
Euro gold rose to about €975, platinum gained $14.50 to $1698, and copper dropped 5 cents to about $3.73.
Gold and silver equities rose over 1% by late morning and remained near their highs into the close.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q3 | 2.0% | 2.0% | 1.7% |
Chain Deflator | Q3 | 2.3% | 1.9% | 1.9% |
Employment Cost Index | Q3 | 0.4% | 0.5% | 0.5% |
Chicago PMI | Oct | 60.6 | 58.0 | 60.4 |
Michigan Sentiment | Oct | 67.7 | 68.0 | 67.9 |
Foreclosure Freeze Cuts Sales, Supply in Hardest-Hit States Bloomberg
U.S. on track for fiscal train wreck: Roubini Reuters
All of this week’s other economic reports:
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil and the U.S. dollar index both fell slightly while treasuries rose and the Dow, Nasdaq, and S&P waffled near unchanged as traders wait for the fed announcement next week.
Among the big names making news in the market Friday were Estee Lauder, GM, Halliburton, and Merck.
GATA Posts:
Vietnam orders banks to stop acting like LBMA members
Sprott Physical Silver Trust lists in New York and Toronto
The Statistics:
Activity from: 10/28/2010
Gold Warehouse Stocks: | 11,121,126 | +2,765 |
Silver Warehouse Stocks: | 110,791,141 | -991 |
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 | 1293.101 | 41,574,486 | US$55,972m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 124.38 | 3,998,803 | US$5,391m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 130.83 | 4,206,317 | US$5,671m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,304 | US$621m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.57 | 1,593,628 | US$2,125m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,967 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.165 tonnes, the LSE ETFS added 0.99 tonnes, and the JSE added 0.24 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 102.67 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,181.46: -42.59 change from yesterday’s data.
The Miners:
Timberline’s (TLR) drill results, Gold Resource’s (GORO) dividend, and Silver Standard’s (SSRI) project sales were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. NovaGold | NG +5.65% $11.22 |
2. Alexco | AXU +5.26% $6.20 |
3. Mag Silver | MVG+4.92% $8.32 |
LOSERS
1. Golden Minerals | AUMN -4.20% $26.25 |
2. Banro | BAA -3.59% $2.95 |
3. Gold Reserve | GRZ -2.82% $1.38 |
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:
Crown Gold Corporation Announces Completion of $1,500,000 Brokered Private Placement - More
- October 29, 2010 | Item | ShareThis
Noront Announces Increase to Underwriters' Option of Previously Announced Private Placement - More
- October 29, 2010 | Item | ShareThis
David Janney Named Chairman and CEO of Bonanza Goldfields - More
- October 29, 2010 | Item | ShareThis
AuEx Shareholders Approve Plan of Arrangement With Fronteer Gold - More
- October 29, 2010 | Item | ShareThis
Canaco Resources Inc.: Corporate Update - More
- October 29, 2010 | Item | ShareThis
AXMIN Regains Control of Mavita Licences in Mozambique - More
- October 29, 2010 | Item | ShareThis
Platinum Group Metals Announces Over Allotment Exercise - More
- October 29, 2010 | Item | ShareThis
Rio Alto Mining Limited Corporate Update: Filing of Technical Report, Change of Auditors - More
- October 29, 2010 | Item | ShareThis
Nuinsco's Initial Exploration at Bukari Gold Concession in Egypt Now Complete - More
- October 29, 2010 | Item | ShareThis
Northern Shield to Raise Approximately $1,028,367 - More
- October 29, 2010 | Item | ShareThis
Gold Bullion Closes $8 Million Private Placement - More
- October 29, 2010 | Item | ShareThis
Creso Exploration Reports 280 Meters of 1.15 g/t Gold From Preliminary Minto Hole 3 Drill Results in the Shining Tree Area, NE Ontario - More
- October 29, 2010 | Item | ShareThis
Arianne Completes a $581,000 Financing - More
- October 29, 2010 | Item | ShareThis
Apella Resources Inc.: Extensive 250 km Iron-T Mag Survey Underway - More
- October 29, 2010 | Item | ShareThis
Strategic Resources Announces New Board Appointment - More
- October 29, 2010 | Item | ShareThis
Melkior Plans More Than 5,000 Metres of Drilling on the Carscallen Gold Project, West Timmins, Ontario - More
- October 29, 2010 | Item | ShareThis
Uranium Resources, Inc. Prices Common Stock Offering - More
- October 29, 2010 | Item | ShareThis
WCB Resources Ltd. Releases Red Hill Soil Sampling Results - More
- October 29, 2010 | Item | ShareThis
High River Gold Announces Appointment of Chief Executive Officer - More
- October 29, 2010 | Item | ShareThis
Asia Now Announces Receipt of Shareholder Approval of Proposed Private Placement - More
- October 29, 2010 | Item | ShareThis
NV Gold Completes Lease of Roberts Gold Property - More
- October 29, 2010 | Item | ShareThis
Laurion Information to Be Available Through Standard & Poor's Market Access Program - More
- October 29, 2010 | Item | ShareThis
Coastal Pacific Mining Announces Details of $1.5 Million Exploration Program for the Hotstone Gold Property - More
- October 29, 2010 | Item | ShareThis
Advanced Explorations Provides Notice to Warrant Holders - More
- October 29, 2010 | Item | ShareThis
Paladin Energy-Settlement of Areva Proceedings - More
- October 29, 2010 | Item | ShareThis
General Moly Announces Third Quarter Results - More
- October 29, 2010 | Item | ShareThis
NWM Warrant exercise prices increase to $0.10 (10 cents) - More
- October 29, 2010 | Item | ShareThis
Eurasian Minerals Drills 71.9 meters of 1.13 g/t Gold-Equivalent Oxide Mineralization at the Akarca JV Project, Turkey - More
- October 29, 2010 | Item | ShareThis
Tagish Lake Enters Into Agreement With New Pacific for Second-Step Transaction - More
- October 29, 2010 | Item | ShareThis
First Gold Exploration Inc.: Listing With Pink OTC Markets Inc. - More
- October 29, 2010 | Item | ShareThis
Northland Signs Off-take Agreement with Tata Steel - More
- October 29, 2010 | Item | ShareThis
Medusa Mining Limited: Co-O Drilling Highlights Growth Potential - More
- October 29, 2010 | Item | ShareThis
Encore Renaissance Intersects #20 Gold Vein at Bonaparte Gold Project; 36 Foot 8x8-Cross-Cut Yields 200 Tons Grading Over 8g/t Gold - More
- October 29, 2010 | Item | ShareThis
Stillwater Mining Reports Earnings for Third Quarter - More
- October 29, 2010 | Item | ShareThis
Issue of Andean Scheme Booklet and Convening of the Scheme Meeting - More
- October 29, 2010 | Item | ShareThis
Timberline Intercepts Additional High-Grade Gold at Butte Highlands - "Timberline Resources Corporation (NYSE Amex:TLR) (TSX-V:TBR - News) ("Timberline" or the "Company") today announced final drill results for its 2010 surface exploration drill program at the Butte Highlands Joint Venture Property in Montana." More
- October 29, 2010 | Item | ShareThis
Gold Resource Corporation Declares Fourth Special Cash Dividend - "Gold Resource Corporation (GORO) (AMEX:GORO - News) is pleased to announce it has declared its fourth 2010 Special Cash Dividend of $0.03 per common share to its shareholders of record November 12th, payable November 24th, 2010. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico." More
- October 29, 2010 | Item | ShareThis
Silver Standard Announces Sale of Snowfield and Brucejack Projects - "Silver Standard Resources Inc. (NASDAQ:SSRI - News)(TSX:SSO - News) ("Silver Standard or the "Company") today announced that it has entered into an agreement (the "Sale Agreement") to sell its Snowfield and Brucejack Projects in northern British Columbia to Pretium Resources Inc. ("Pretium"), a company formed to acquire and explore precious metals projects, led by Robert A. Quartermain. Under the terms of the Sale Agreement, Silver Standard will receive total consideration of $450 million, consisting of a minimum of $215 million in cash and the balance in common shares of Pretium valued at the offering price of such shares under an initial public offering being undertaken by Pretium (the "IPO"). The amount of the purchase price payable in cash will increase by the amount of the proceeds realized by Pretium under the IPO in excess of $265 million. On completion of the transaction, Silver Standard's ownership interest in Pretium is expected to be less than 50%." More
- October 29, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 29 October, 2010 | |