-- Posted 19 November, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $1353.00 | +$0.10 | -0.94% |
Silver | $27.15 | +$0.27 | +4.42% |
XAU | 212.37 | +0.75% | -1.73% |
HUI | 545.63 | +0.57% | -1.12% |
GDM | 1633.80 | +0.55% | -1.49% |
JSE Gold | 2691.68 | -21.70 | -4.20% |
USD | 78.41 | -0.20 | +0.41% |
Euro | 136.86 | +0.48 | -0.03% |
Yen | 119.80 | +0.08 | -1.25% |
Oil | $81.51 | -$0.34 | -3.97% |
10-Year | 2.875% | -0.027 | +4.32% |
Bond | 127.21875 | +0.6875 | -0.56% |
Dow | 11203.33 | +0.20% | +0.10% |
Nasdaq | 2518.12 | +0.15% | -0.00% |
S&P | 1199.73 | +0.25% | +0.04% |
The Metals:
Gold saw modest gains in Asia before it fell back to see an $11.32 loss at $1341.58 at about 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.01%. Silver fell as much as 53 cents to $26.36 by about 10AM EST before it also rallied back higher in late trade and ended with a gain of 1%.
Euro gold fell about €991, platinum gained $3 to $1665, and copper remained at about $3.83.
Gold and silver equities fell slightly at the open, but they then rose to see modest gains by late morning and remained near that level for the rest of the day.
The Economy:
All of this week’s economic reports:
Next week’s economic highlights include GDP and Existing Home Sales on Tuesday and Personal Income and Spending, Core PCE Prices, Durable Goods Orders, Initial Jobless Claims, Michigan Sentiment, New Home Sales, and FOMC Minutes on Wednesday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on worries about global energy demand after China increased bank reserve requirements.
The U.S. dollar index ended lower as the Yen was steady on China’s move and the Euro climbed higher on hopes for a resolution for Ireland.
“Treasury 30-year bonds rose after the Federal Reserve acquired $24 million of the securities auctioned last week as part of an asset-purchase program aimed at lowering borrowing costs and stimulating economic growth.”
The Dow, Nasdaq, and S&P reversed early losses and ended with slight gains as traders digested China’s move and continued to debate the impacts of QE2.
Among the big names making news in the market Friday were VW, Pimco, GM, Time Warner, Harrrah’s, and Amgen.
GATA Posts:
What? You mean central banks keep things secret?
The Statistics:
Activity from: 11/18/2010
Gold Warehouse Stocks: | 11,374,279 | -5,910 |
Silver Warehouse Stocks: | 108,273,554 | +978,805 |
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 | 1286.299 | 41,355,797 | US$55,508m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 121.21 | 3,897,150 | US$5,262m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 130.66 | 4,200,848 | US$5,672m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,197 | US$618m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 51.01 | 1,640,111 | US$2,215m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,966 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.556 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 105.90 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,773.56 - No change from yesterday’s data.
The Miners:
Tanzanian Royalty’s (TRE) test results, Allied Nevada’s (ANV) drill results, Gold Fields’ (GFI) restarted operations, Endeavour’s (EXK) confirmed offer for Cream Minerals, U.S. Silver’s (UAS.TO) investor relations firm, Metalline’s (MMG) letter to shareholders, and Alexco’s (AXU) mill commissioning progress were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Alexco | AXU +7.07% $6.97 |
2. ITH | THM +8.44% $6.26 |
3. Mines MGMT | MGN +4.35% $3.36 |
LOSERS
1. Taseko | TGB-2.34% $4.59 |
2. Paramount | PZG-1.78% $1.66 |
3. Almaden | AAU-1.44% $2.74 |
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:
Lawrence Page, Q.C., Directly and Indirectly, Acquires Additional Securities of Valterra Resource Corporation - More
- November 19, 2010 | Item | ShareThis
MOSS LAKE GOLD MINES LTD. ANNOUNCES CONVERSION OF $300,000 NOTE HELD BY WESDOME GOLD MINES LTD. - More
- November 19, 2010 | Item | ShareThis
Amseco Exploration Ltd.: Partial Private Placements $652,000: $239,200-Flow-Through Shares, $412,800-Treasury Shares - More
- November 19, 2010 | Item | ShareThis
Radius Gold increases flow-through private placement to $3.77 million - More
- November 19, 2010 | Item | ShareThis
Adriana Announces Closing of Final Tranche of $10 Million Non-Brokered Private Placement - More
- November 19, 2010 | Item | ShareThis
Endeavour Silver Confirms Amended Offer for Cream Minerals of $0.14 per Share, Payable in Cash or Endeavour Shares, Open for Acceptance Until December 6, 2010 - "Endeavour Silver Corp. (TSX:EDR - News)(AMEX:EXK - News)(DBFrankfurt: EJD) ("Endeavour") confirms that on November 18, 2010 it gave notice to Valiant Trust Company, the depositary for Endeavour's offer ("Offer") to acquire all of the outstanding common shares ("Cream Shares") of Cream Minerals Ltd. ("Cream"), of Endeavour's Notice of Change, Variation and Extension dated November 18, 2010 (the "Notice of Variation"). The Notice of Variation has been filed on SEDAR at www.sedar.com and will be mailed to all Cream shareholders, along with an amended Letter of Transmittal and an amended Notice of Guaranteed Delivery." More
- November 19, 2010 | Item | ShareThis
Harvest Gold Stakes Carlin-Type Gold Property on the Battle Mountain-Eureka Trend - More
- November 19, 2010 | Item | ShareThis
Tanzanian Royalty Announces High Grade Gold Results From 1.2 Mile Long Quartz Rubble Bed on Lunguya Mining Licenses - "Tanzanian Royalty Exploration Corporation is pleased to announce that extremely positive results have been received from laboratory test work on surface gravels collected from its recently acquired Lunguya Primary Mining Licenses (PMLs) in northern Tanzania." More
- November 19, 2010 | Item | ShareThis
Skyline Gold Agrees to Acquire 8,775 Hectare Inel Property in Iskut Region of BC's 'Golden Triangle' - More
- November 19, 2010 | Item | ShareThis
U.S. Silver Corporation Retains Leading Investor Relations Firm - "U.S. Silver Corporation (TSX:USA.to - News) “U.S. Silver” or “the Company”) announced today that it has retained The Equicom Group Inc. (“Equicom”) to provide U.S. Silver with strategic investor relations services." More
- November 19, 2010 | Item | ShareThis
Gossan Completes Field Program at Pipestone Vanadium Project - More
- November 19, 2010 | Item | ShareThis
Adriana Clarifies Reports - More
- November 19, 2010 | Item | ShareThis
Renaissance Gold Enters Earn-In Agreement on Rose Mine Property with Navaho - More
- November 19, 2010 | Item | ShareThis
Ezulwini Mining Operations Resume - More
- November 19, 2010 | Item | ShareThis
Gold Bullion Discovers Significant Mineralization Northeast and Southeast of Long Bars Zone Preliminary Block Model - More
- November 19, 2010 | Item | ShareThis
Bear Lake Gold Updates the Larder Lake Project; Six Diamond Drills at work; Termination of the Hope Bay Option - More
- November 19, 2010 | Item | ShareThis
Eaglecrest Announces a Non-Brokered Private Placement of Up to C$6 Million Dollars - More
- November 19, 2010 | Item | ShareThis
Strategic Resources Retains Dr. Anthony Mariano as a Consultant - More
- November 19, 2010 | Item | ShareThis
Batero Gold Engages Consultant for Initial NI-43-101 Resource Estimate and Provides Project Update - More
- November 19, 2010 | Item | ShareThis
Ecometals Limited: Update Re Closing Of Proposed Sale Of Condor Gold Project - More
- November 19, 2010 | Item | ShareThis
Andromeda and War Eagle Shareholder Meeting Update - More
- November 19, 2010 | Item | ShareThis
First Lithium Options Drill-Ready Property Neighbouring Trelawney's Chester Complex - More
- November 19, 2010 | Item | ShareThis
Mirasol Announces Start of Drilling at the Virginia Silver Project, Argentina - More
- November 19, 2010 | Item | ShareThis
BTV-Business Television Features Midlands Minerals - More
- November 19, 2010 | Item | ShareThis
Strateco Announces a CAD $4,000,000 Loan With SIDEX - More
- November 19, 2010 | Item | ShareThis
Southern Arc and Newcrest Mining Enter Into Heads of Agreement on the Taliwang Property - More
- November 19, 2010 | Item | ShareThis
Steele Resources Corp. Receives Fire Assay Results From Mineral Hill Project - More
- November 19, 2010 | Item | ShareThis
Stroud Extends Private Placement - More
- November 19, 2010 | Item | ShareThis
God's Lake Appoints Ludwig to President and CEO - More
- November 19, 2010 | Item | ShareThis
Intrepid Mines Limited Tujuh Bukit Indonesia NI 43-101 / JORC Compliant Technical Report Filed - More
- November 19, 2010 | Item | ShareThis
Athena Silver Corporation Announces Completion of Private Placement; Increases Scope of Upcoming Drilling Program - More
- November 19, 2010 | Item | ShareThis
Harte Retains Strategic Advisors and Grants Stock Options - More
- November 19, 2010 | Item | ShareThis
Northland Signs Off-take Agreement with Standard Bank - More
- November 19, 2010 | Item | ShareThis
Solid Gold Submits Drill Core for Platinum Group Analysis - More
- November 19, 2010 | Item | ShareThis
MANTRA RESOURCES: RESULTS OF ANNUAL GENERAL MEETING - More
- November 19, 2010 | Item | ShareThis
Metalline Mining Company: 2010 Year-End President's and Chairman's Letter to Shareholders - "With the closing of the transaction with Dome Ventures Corporation in April 2010 the Company successfully completed a financing and a transition from solely US reporting to a dual reporting company in both the US and Canada, ultimately resulting in a dual listing on NYSE Amex and the Toronto Stock Exchange. We identified Dome Ventures Corporation as a potential merger partner in October 2009, negotiated the transaction during the fourth quarter of 2009, and closed the transaction shortly after the close of the first quarter 2010. With the funding provided concurrent with the transaction with Dome, the Company was able to resume exploration of the recently identified shallow silver-zinc potential of the Sierra Mojada Project." More
- November 19, 2010 | Item | ShareThis
Alexco Updates Progress on Bellekeno Mine and Mill Commissioning - "Alexco Resource Corp. (TSX:AXR - News)(AMEX:AXU - News) ("Alexco" or the "Company") is pleased to report on the progress of mill commissioning at the Bellekeno mine. The concentrator is now running at design capacity and has produced silver/lead and zinc concentrates. By design, the initial commissioning has used low grade material to identify normal deficiencies and bottlenecks which have been systematically addressed. The current focus of mill operations is to optimize lead/silver/zinc recovery and to increase efficiency of the milling equipment and process flowsheet, and the grade of the ore being processed from the Bellekeno mine is now being progressively increased. Updated photographs of the mill in operation are available on Alexco's website." More
- November 19, 2010 | Item | ShareThis
Allied Nevada Drills 40 Meters Grading 2.17 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 for North Brimstone drilling at its wholly owned Hycroft mine, located west of Winnemucca, Nevada. Highlights from this drilling include 40 meters grading 2.17 g/t AuEq (0.73 g/t Au and 74.8 g/t Ag) and 37 meters grading 1.32 g/t AuEq (0.92 g/t Au and 20.5 g/t Ag)." More
- November 19, 2010 | Item | ShareThis
Gold Fields restarts ops at S.Africa mine shaft - "Gold Fields (GFIJ.J), the world's fourth-largest gold miner, said on Friday it had resumed operations at its Driefontein No. 1 shaft in South Africa after the government lifted a suspension it had put in place following a fatality." More
- November 19, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 19 November, 2010 | |
