The Premier Silver Resource Website
Visit GoldSeek.com
Visit GoldReview.com
Visit UraniumSeek.com

- CLICK HERE TO VISIT THE NEW SILVERSEEK.COM -
Live Spot Silver
Navigation
Silver Market Articles
Silver Discussions at the Forum
Silver Company Links
Silver Market Updates
Silver & Gold Headlines
Silver Stock News
Silver Equity Quotes
Silver & Precious Metals Quotes







 
Gold Seeker Closing Report: Gold and Silver Gain Almost 1% and 2%

By: Chris Mullen, Gold-Seeker.com


-- Posted 9 December, 2010 | | Source: SilverSeek.com

 

Close

Gain/Loss

Gold

$1391.50

+$9.90

Silver

$28.75

+$0.54

XAU

222.21

+0.80%

HUI

568.27

+0.84%

GDM

1693.84

+0.57%

JSE Gold

2746.58

-12.07

USD

80.03

+0.06

Euro

132.43

-0.21

Yen

119.44

+0.40

Oil

$88.37

+$0.09

10-Year

3.223%

-0.013

T-Bond

123.59375

+0.3125

Dow

11370.06

-0.02%

Nasdaq

2616.67

+0.29%

S&P

1233.00

+0.38%

 
 

 

The Metals:

 

Gold climbed over $10 to as high as $1392.30 in Asia before it fell back to see a $0.95 loss at $1380.65 in London and then rallied to a new session high of $1394.00 at around 10AM EST ahead of another dip back to almost unchanged by late morning in New York, but it then climbed back higher in late trade and ended near its earlier high with a gain of 0.72%.  Silver rose to $28.783 in Asia and fell to $28.345 in London before it also rallied back higher in New York and ended not far from its midmorning high of $28.99 with a gain of 1.91%.

 

Euro gold rose to about €1051, platinum gained $1.25 to 1675.25, and copper fell slightly to about $4.08.

 

Gold and silver equities rose about 1% at the open before they fell back near unchanged by late morning, but they then rallied back higher in late trade and ended near their early highs.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

12/04

421K

429K

438K

Wholesale Inventories

Oct

1.9%

0.7%

2.1%

 

U.S. Home Values May Drop by $1.7 Trillion This Year, Zillow Says  Bloomberg

Mortgage rates hit 4.61 pct.; refi's could slow  Yahoo

 

Tomorrow at 8:30AM EST brings Export and Import Prices for November and the Trade Balance for October expected at -$44.5 billion.  At 9:55 is Michigan Sentiment for December expected at 72.5 and at 2PM is the Treasury budget for November expected at -$134.0 billion.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose slightly on cold weather and decent economic data.

 

The U.S. dollar index pared early gains and treasuries reversed early losses after today’s $13 billion 30-year note auction sold at a high yield 4.41% with a bid to cover of 2.74.

 

The Dow, Nasdaq, and S&P waffled near unchanged on little news.

 

Among the big names making news in the market today were Lululemon, MasterCard, First Republic, Sirius XM, AIG, Smith & Wesson, State Street, and General Mills.

 

GATA Posts:

 

 

Gulf nations urged to boost gold reserves

Ambrose Evans-Pritchard: Global bond rout worsens on U.S. fiscal worries

 

The Statistics:

Activity from: 12/07/2010

Gold Warehouse Stocks:

11,572,135

+2,771

Silver Warehouse Stocks:

106,781,965

+29,519

 

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

1295.296

41,645,077

US$57,933m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

121.30

3,899,758

US$5,409m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

133.17

4,281,423

US$5,938m

Australian Stock Exchange (ASX)

Gold Bullion Securities

14.21

475,095

US$633m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

51.00

1,639,751

US$2,272m

NASDAQ Dubai

Dubai Gold Securities

0.154

4,965

US$7m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.43 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 107.95 - No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,941.34 - No change from yesterday’s data.

 

The Miners:

 

Entree’s (EGI) project update, Barrick’s (ABX) management changes, NovaGold’s (NG) new VP, Seabridge’s (SA) drill results, Paramount’s (PZG) drill results, Gammon’s (GRS) drill results, Freeport’s dividend and stock split, Kirkland’s (KGI.TO) second quarter results, Minefinders’ (MFN) credit facility, and Metalline’s (MMG) presentation were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Northern Dynasty

NAK+10.46% $11.19

2.  Paramount

PZG +6.98% $1.84

3.  Cardero

CDY +5.76% $1.47

 

LOSERS

1.  Almaden

AAU -3.29% $4.12

2.  Buenaventura

BVN-2.29% $50.45

3.  Minco

MGH -2.07% $1.89

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:

Cascadero Copper Corporation Announces First Phase of Ontario Property Acquisitions - More
- December 09, 2010 | Item | ShareThis


North American Nickel Inc. Announces the Appointment of Neil Richardson and John Pattison to the Advisory Board; Grant of Stock Options - More
- December 09, 2010 | Item | ShareThis


Trilliant Exploration in Negotiations for the Acquisition of 15 North American Gold Assets - More
- December 09, 2010 | Item | ShareThis


Apogee Appoints G. Scott Paterson as Chairman of the Board and Marilia Bento as Vice President, Corporate Development - More
- December 09, 2010 | Item | ShareThis


Key Gold Holding Acquires Souart Gold Property and Announces Appointment of New President - More
- December 09, 2010 | Item | ShareThis


Big Red Diamond Corporation/J6L1 Rare Earth Metals Project: Sampling Program Completed. Awaiting Assay Results - More
- December 09, 2010 | Item | ShareThis


Northquest Ltd. Announces Grant of Stock Options - More
- December 09, 2010 | Item | ShareThis


Amseco Announces the Resignation of Reynald Couillard as Director and Chairman of the Board - More
- December 09, 2010 | Item | ShareThis


GOLDEN DAWN MINERALS INC. - CLOSING OF PRIVATE PLACEMENT - More
- December 09, 2010 | Item | ShareThis


Entree Gold Reports on Mongolia and China Projects - "Entrée Gold (TSX:ETG.to - News) has successfully tested a number of deep conceptual targets on its 100%- owned Shivee West property in Mongolia. The Shivee West exploration program supports Entrée Gold's two-pronged strategy that combines the strength of its joint venture in Mongolia with highly prospective exploration projects worldwide. Shivee West is adjacent to the Company's flagship joint venture property that surrounds the massive Oyu Tolgoi project." More
- December 09, 2010 | Item | ShareThis


Vulcan Minerals Inc.-Financing Announced - More
- December 09, 2010 | Item | ShareThis


Anglo Swiss Appoints Constable to Board - More
- December 09, 2010 | Item | ShareThis


Duluth Metals Announces New CFO Appointment and Expansion of Exploration Team - More
- December 09, 2010 | Item | ShareThis


Crazy Horse Resources Inc.: Appointment of Investor Relations - More
- December 09, 2010 | Item | ShareThis


Mountain Boy Minerals Reports 3.2 g/t Gold Over 15.2m and 1.7 g/t Gold Over 33.5m and Extends Gold Mineralization 160m to the North at Silver Coin - More
- December 09, 2010 | Item | ShareThis


Adventure Gold Appoints Robert Boisjoli as New CFO and Amends its Stock Option Plan-Granting of Options - More
- December 09, 2010 | Item | ShareThis


Riverside Completes Exploration Development Program and Delivers Five Drill Ready Projects in Central Mexico - More
- December 09, 2010 | Item | ShareThis


Ucore Rare Metals Inc. Announces Completion of $10 Million Private Placement - More
- December 09, 2010 | Item | ShareThis


Golden Reign Intersects 1.15 metres of 31.15 g/t Gold and 83.6 g/t Silver at Arras - More
- December 09, 2010 | Item | ShareThis


Kootenay Announces Non-Brokered Private Placement Of up to $6,000,000 - More
- December 09, 2010 | Item | ShareThis


Sona Resources Corp.: West Vein Surface Chip Sampling Averages 162.2g Au/t - More
- December 09, 2010 | Item | ShareThis


Victoria Gold Announces Appointment of VP Exploration - More
- December 09, 2010 | Item | ShareThis


Anglo Pacific Group PLC Shares Issued in lieu of Remuneration to Executive Directors - More
- December 09, 2010 | Item | ShareThis


RICHMOND MINERALS INC. AND FORT CHIMO MINERALS INC. EXPLORATION UPDATE - More
- December 09, 2010 | Item | ShareThis


SLAM DRILLS MORE INTERCEPTS AT RESERVE CREEK GOLD DEPOSIT - More
- December 09, 2010 | Item | ShareThis


Canadian Mining Options BC Properties in Two Prolific Exploration Camps - More
- December 09, 2010 | Item | ShareThis


Nanika Completes Drilling at Indi Gold Property - More
- December 09, 2010 | Item | ShareThis


Bonanza Goldfields Corporation Announces New Management and Growth Plans - More
- December 09, 2010 | Item | ShareThis


Galahad Receives Initial Assay Results from Regcourt Property - More
- December 09, 2010 | Item | ShareThis


Sirios Resources Inc.: Drilling Targets Delineated on the High Grade Silver Pontax Property, James Bay, Quebec - More
- December 09, 2010 | Item | ShareThis


SEMAFO Successfully Completes Phase III of Mana Plant Expansion - More
- December 09, 2010 | Item | ShareThis


Barkerville and Lhtako Dene Nation Sign Project Agreement to Develop Bonanza Ledge Gold Property - More
- December 09, 2010 | Item | ShareThis


Drill Program Underway on Otish Uranium Property - More
- December 09, 2010 | Item | ShareThis


Denison Mines Corp. Announces Closing of C$65,450,000 Financing - More
- December 09, 2010 | Item | ShareThis


Interest Payment on Katanga Notes - More
- December 09, 2010 | Item | ShareThis


Victoria Gold Provides Update on Cove Upper Zone Resource Estimate - More
- December 09, 2010 | Item | ShareThis


Maya Signs Agreements in Principle for Mining Projects in Morocco - More
- December 09, 2010 | Item | ShareThis


Rockland Reports Multiple Broad Gold Intercepts In Hole 17, Schefferville Gold Project - More
- December 09, 2010 | Item | ShareThis


ValGold Reports 101 Meters of 1.07 g/t Gold at Garrison Gold Project, Ontario - More
- December 09, 2010 | Item | ShareThis


Magma Metals Limited: Thunder Bay North-Scoping Study Update - More
- December 09, 2010 | Item | ShareThis


Golden Hope Joins the OTCQX Platform and Retains American Capital Ventures for Investor Relations in the US - More
- December 09, 2010 | Item | ShareThis


Andina Expands 2010-2011 Drilling Program to 31,600 Meters - More
- December 09, 2010 | Item | ShareThis


Calibre Trenches 4.7 Metres Grading 7.30 g/t Gold on the 100% Owned Bonanza H1 Concession, Nicaragua - More
- December 09, 2010 | Item | ShareThis


Toro Resources Announces Filing of NI 43-101 Technical Report - More
- December 09, 2010 | Item | ShareThis


Seafield Announces Private Placement of Units - More
- December 09, 2010 | Item | ShareThis


Evolving Gold Announces the Spin Out of its Interest in the Kiyuk Property - A Dividend-In-Kind Transaction - More
- December 09, 2010 | Item | ShareThis


Columbus Gold to Drill at Their Historic Gold Camp Weepah Property, Nevada - More
- December 09, 2010 | Item | ShareThis


International Enexco Intersects 43.0 Meters at 0.49% Copper at Contact Copper Project, Nevada - More
- December 09, 2010 | Item | ShareThis


AndeanGold Announces Board of Directors and Management Appointments - More
- December 09, 2010 | Item | ShareThis


Teryl Resources Announces a 43-101 Report Is Being Completed on Its 30% Interest Silverknife 1 & 2 Property in Northern BC - More
- December 09, 2010 | Item | ShareThis


Premier Gold Mines to Acquire Stake in Ashburton - More
- December 09, 2010 | Item | ShareThis


Zincore Intersects High Grade Mineralization on Previously Unexplored North Flank of the Accha Deposit - More
- December 09, 2010 | Item | ShareThis


Quest Drilling Discovers New Deep REE Zone Northwest of the B-Zone Pegmatite Deposit, Returns Up to 14.3 Metres at 2.65% TREO, Strange Lake, Quebec - More
- December 09, 2010 | Item | ShareThis


Gold Canyon Announces Additional Long Gold Intercepts at Springpole Gold Project - More
- December 09, 2010 | Item | ShareThis


Jayden Resources Intersects 3.2 g/t Gold Over 15.2m and 1.7 g/t Gold Over 33.5m and Extends Gold Mineralization 160m to the North at Silver Coin - More
- December 09, 2010 | Item | ShareThis


Lithium One Signs MOU with Emerging Lithium Producer Galaxy Resources to Form Joint Venture at James Bay Lithium Project - More
- December 09, 2010 | Item | ShareThis


ASPA Gold Corp. Announces Further Acquisition and Substantial Cancellations of Stock - More
- December 09, 2010 | Item | ShareThis


European Research Firm Initiates Coverage on Energizer Resources Inc. - More
- December 09, 2010 | Item | ShareThis


Strategic Metals Announces Midas Touch Project Rau Gold District, Yukon - More
- December 09, 2010 | Item | ShareThis


Kaminak Announces Appointment of Tim Smith as Vice President, Exploration - More
- December 09, 2010 | Item | ShareThis


Vior Obtains Up to 1,032 Individual Gold Grains From Till Samples on the Beauchastel Property, Rouyn-Noranda Area, Quebec - More
- December 09, 2010 | Item | ShareThis


Astral Signs LOI on Los Crestones Property, Sinaloa, Mexico - More
- December 09, 2010 | Item | ShareThis


Glen Eagle to Receive 4 Million Shares From Key Gold Holding - More
- December 09, 2010 | Item | ShareThis


Alamos Gold Provides 2011 Guidance - More
- December 09, 2010 | Item | ShareThis


Cobre Exploration Corp. Announces Leadership Changes - More
- December 09, 2010 | Item | ShareThis


Capstone Reports 8th High Grade Copper-Gold Discovery & Major Step Out at Minto Mine - More
- December 09, 2010 | Item | ShareThis


Northern Gold Hits 101 Meters of 1.07 g/t Gold Including 11.5 Meters of 2.86 g/t and 3.0 Meters of 10.88 g/t Gold - More
- December 09, 2010 | Item | ShareThis


MDN Provides an Update on its Ikungu Project - More
- December 09, 2010 | Item | ShareThis


Golden Hope Mines Ltd. Joins OTCQX - More
- December 09, 2010 | Item | ShareThis


Franconia Minerals Closes on $1 Million Credit Facility - More
- December 09, 2010 | Item | ShareThis


Conquest Exploration Update on 2010 Drilling at Red Lake Alexander Property - More
- December 09, 2010 | Item | ShareThis


Willow Creek Significantly Increases Mineral Claims at Dolly Varden Gold & Copper Property, Nevada - More
- December 09, 2010 | Item | ShareThis


NEVADO Assays More Significant Grades From the Sixth New Occurrence at 63.5% Iron From the La Blache Property (Quebec) - More
- December 09, 2010 | Item | ShareThis


Barrick Announces Changes to Senior Management - "Over the years Darren has played a key role in the strategic development of Barrick and has led many of our acquisitions such as Sutton Resources, Homestake, Placer Dome and the consolidation of our world class Cortez property among others," said Aaron Regent, President and Chief Executive Officer. "We thank Darren for the value he has added to our organization and wish him much success in his future endeavours." More
- December 09, 2010 | Item | ShareThis


Supatcha Announces Significant NI 43-101 Resource Estimate on Barlevskoye and Vynohradiv Property, Brings Total Gold Resource of 5,439,000 Ounces Indicated - More
- December 09, 2010 | Item | ShareThis


Minefinders Closes Renewal of Its US$50 Million Credit Facility With the Bank of Nova Scotia - "Further to its news release of November 5, 2010, Minefinders Corporation Ltd. (TSX:MFL - News)(AMEX:MFN - News) is pleased to report it has closed the renewal of the Company's existing US$50 million revolving credit facility with the Bank of Nova Scotia." More
- December 09, 2010 | Item | ShareThis


NovaGold Adds VP Environment, Health, Safety & Sustainability to Senior Team - "Mr. Rimelman brings extensive environmental, safety and permitting expertise to NovaGold's senior team," said Rick Van Nieuwenhuyse, President & CEO of NovaGold. "His experience permitting and managing northern mining projects, and the relationships he has fostered with local communities and regulators, will be invaluable as NovaGold advances Donlin Creek and Galore Creek through permitting and toward construction and production." More
- December 09, 2010 | Item | ShareThis


Bolero Resources Corp.: Drill Permits Obtained for Red Chris South Prospect - More
- December 09, 2010 | Item | ShareThis


StoneShield Signs Option to Acquire Up to A 100% Interest in the Risby Copper/Silver/Lead/Zinc Project in the Northwest Territories, Canada - More
- December 09, 2010 | Item | ShareThis


Habanero Increases Land Significantly Bordering Beaufield Resources' Tortigny Prospect in Quebec - More
- December 09, 2010 | Item | ShareThis


Sidon Acquires Acreage Bordering Its MEG Project in Tanzania - More
- December 09, 2010 | Item | ShareThis


EUROPEAN GOLDFIELDS - DIRECTORS DEALINGS - More
- December 09, 2010 | Item | ShareThis


Seabridge Gold Drilling Expands Iron Cap: Resource Estimate Expected Shortly - "Results from the final 33 core holes drilled by Seabridge this year at Iron Cap have confirmed (i) consistent gold, copper and silver mineralization which is likely to generate an increase in resources and reserves at KSM; (ii) an expanded size of the deposit; (iii) higher average metal values than KSM's current reserves which has the potential to enhance project economics; and (iv) a highly prospective new exploration target which could have dynamic implications for KSM." More
- December 09, 2010 | Item | ShareThis


Paramount Gold Discovers High Grade Strike Extension of Main Palmarejo Mine Vein at San Miguel - "New drilling on the Don Esevein target on Paramount Gold and Silver Corp (AMEX:PZG - News)(TSX:PZG - News)(Frankfurt:P6G - News) San Miguel Project has discovered the south southeast strike extension of the main Palmarejo structural corridor that hosts Coeur d`Alene Mines (NYSE:CDE - News)Palmarejo Mine. The structural corridor is partly obscured by younger volcanic rocks, but new drilling has intersected the target below this cover." More
- December 09, 2010 | Item | ShareThis


Gammon Gold Announces Significant Drill Results for Reserve Expansion and Four New Discoveries at Ocampo - "Gammon Gold Inc. ("Gammon") (TSX:GAM.to - News): Gammon is pleased to provide and update of drill results from the Ocampo exploration program.

As of October 31, 2010, the Company has completed a total of 105,903 metres of drilling at Ocampo, utilizing twelve drill rigs working on surface and underground." More
- December 09, 2010 | Item | ShareThis


Freeport-McMoRan Copper & Gold Inc. Declares $1.00 per Share Supplemental Common Stock Dividend and Two-for-one Stock Split - "Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX - News) announced today that its Board of Directors has declared a supplemental common stock dividend of $1.00 per share to be paid on December 30, 2010 to shareholders of record as of December 20, 2010. The supplemental dividend to be paid in December represents an addition to FCX’s regular quarterly common stock dividend. In October 2010, FCX’s Board of Directors announced that it has authorized an increase in its annual common stock dividend from $1.20 per share to $2.00 per share." More
- December 09, 2010 | Item | ShareThis


Metalline Mining Company President & CEO Speaks at Northwest Mining Association Convention - "Metalline Mining Company (Amex:MMG - News) President and CEO Greg Hahn made a presentation on Metalline Mining Company and the current status of the Sierra Mojada project and Gabon Gold Joint Venture in the Growth Companies Session at the 116th Annual Convention of the Northwest Mining Association. Mr. Hahn is a Past President, former Trustee, and a Lifetime Member of the Northwest Mining Association and was an invited speaker. Other companies presenting in the Growth Companies Sessions were Stillwater Mining Company, Tahoe Resources, Augusta Resources, Formation Metals, Evolving Gold, US Silver Corp, Timberline Resources, and Midas Gold." More
- December 09, 2010 | Item | ShareThis


Kirkland Lake Gold Inc.-Financial Results Q2 2011: Record Gold Production of 21,542 Ounces; Net Earnings of $8.6 Million - "The second quarter demonstrated record gold production, earnings, and cash flow from operations as we increased the number of ore mining faces from the higher grade South Mine Complex. After meeting all operational costs, spending $15.5 million on capital costs and $1.8 million on exploration, total cash increased by $2.9 million in the quarter to $51.5 million." More
- December 09, 2010 | Item | ShareThis

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2010

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


-- Posted 9 December, 2010 | |


Latest Articles


Gold Seeker Closing Report: Gold and Silver Fall Over 2% More
13 December, 2011

Gold Seeker Closing Report: Gold and Silver Fall Almost 3%
12 December, 2011

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Slightly on the Week
9 December, 2011

Gold Seeker Closing Report - Article Archive List

SilverSeek.com is presented to you by:

© 2003 - 2011
SilverSeek.com, Silver Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of SilverSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on SilverSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of SilverSeek.com, its affiliates or advertisers. SilverSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of SilverSeek.com, is strictly prohibited. In no event shall SilverSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.