-- Posted 21 December, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1387.70 | +$2.20 |
Silver | $29.32 | +$0.07 |
XAU | 220.80 | +0.15% |
HUI | 561.32 | -0.22% |
GDM | 1668.41 | -0.22% |
JSE Gold | 2691.98 | -49.86 |
USD | 80.69 | +0.10 |
Euro | 130.97 | -0.26 |
Yen | 119.41 | +0.06 |
Oil | $89.82 | +$0.45 |
10-Year | 3.326% | -0.023 |
T-Bond | 122.25 | UNCH |
Dow | 11533.16 | +0.48% |
Nasdaq | 2667.61 | +0.68% |
S&P | 1254.60 | +0.60% |
The Metals:
Gold gained as much as $6.48 to $1391.98 at the open of trade in New York before it fell to see a $4.60 loss at $1380.90 by a little before 10AM EST, but it then rallied back higher for most of the rest of trade and ended near its earlier high with a gain of 0.16%. Silver jumped over 1% to as high as $29.563 before it fell back to as low as $29.005 in midmorning New York trade, but it also rallied back higher for most of the rest of trade and ended near its earlier high with a gain of 0.24%.
Euro gold climbed to almost €1061, platinum gained $10.25 to $1713.75, and copper climbed another 7 cents to a new all-time high at $4.27.
Gold and silver equities fell about 1% at the open before they rallied back higher, but they still ended mixed on the day.
The Economy:
Census shows slowing US growth, brings GOP gains Yahoo
Food stamp use spikes: One in seven rely on them Yahoo
There were no major economic reports today. Tomorrow at 8:30 AM EST brings third quarter GDP expected at 2.7% and the GDP Deflator expected at 2.3%. At 10AM is the Existing Home Sales report for November expected at 4,650,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on continued expectations for increased energy demand from more cold weather and holiday travel.
The U.S. dollar index rose as the euro fell on more worries about rating downgrades in Europe.
Treasuries were unchanged while the Dow, Nasdaq, and S&P rose on deal making news.
Among the big names making news in the market today were TD Bank and Chrysler Financial, Mark Hurd, and Citigroup.
GATA Posts:
Built back into monetary system, gold may stay up, Davies tells CNBC Europe
Vietnamese seek safety in gold as currency wobbles
Are U.S. metal-shorting banks moving to hide their positions outside the country?
The Statistics:
Activity from: 12/20/2010
Gold Warehouse Stocks: | 11,636,166 | -15,084 |
Silver Warehouse Stocks: | 105,174,673 | +312,830 |
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 | 1298.940 | 41,762,208 | US$57,744m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 123.24 | 3,962,141 | US$5,486m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 132.40 | 4,256,872 | US$5,897m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,034 | US$633m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 51.00 | 1,639,535 | US$2,263m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,964 | US$7m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 116.63 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,903.34 - No change from yesterday’s data.
The Miners:
Almaden’s (AAU) completed drill program, Golden Star’s (GSS) revised production guidance, Rubicon’s (RBY) bulk sampling, Timberline’s (TLR) project update, Solitario’s (XPL) project update, Aurizon’s (AZK) drill results, Paramount’s (PZG) drill program, Great Panther’s (GPR.TO) drill results, and Silver Standard’s (SSRI) project sales and production guidance were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +8.13% $3.46 |
2. Claude | CGR+6.47% $2.14 |
3. Rubicon | RBY +5.05% $5.62 |
LOSERS
1. Timberline | TLR -16.67% $0.85 |
2. Almaden | AAU -2.98% $4.88 |
3. Randgold | GOLD-2.73% $84.79 |
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:
Inspiration Mining Acquires Additional Shares of Ursa Major Minerals Incorporated - More
- December 21, 2010 | Item | ShareThis
Commander and AngloGold Ashanti Commit to 2011 Baffin Gold Program - More
- December 21, 2010 | Item | ShareThis
Almaden Completes 2010 Ixtaca Program, Announces 2011 Plans - "Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM - News)(AMEX:AAU - News) is pleased to announce that it has completed its successful 2010 drill program at the Ixtaca zone on its 100% owned Tuligtic project, Mexico. Operations have ceased for a Christmas break and will resume in January. Fourteen holes were drilled in 2010 for a total of 6465.12 meters (see drill map attached). Results from the first six holes (TU-10-1 through TU-10-6) have already been announced (see Almaden news releases of August 9, August 17th, November 23 and November 24, 2010). Almaden anticipates announcing complete results from holes TU-10-7 through TU-10-14 in early January. The 2011 drill program is scheduled to commence in mid to late January with two drill rigs, to be expanded as necessary." More
- December 21, 2010 | Item | ShareThis
Trueclaim Exploration Inc. Announces Non-Brokered Private Placement to Raise $1.25 Million for Exploration Work on Its Scadding Gold Project - More
- December 21, 2010 | Item | ShareThis
Teryl Resources Announces an Additional 10% Net Profit Interest ("NPI") in the Silverknife 1 & 2 Property - More
- December 21, 2010 | Item | ShareThis
Swift Announces Increase to Private Placement - More
- December 21, 2010 | Item | ShareThis
Wolverine Options the Shamrock Property - More
- December 21, 2010 | Item | ShareThis
Silver Dragon Mining de Mexico Issues Update to Shareholders - More
- December 21, 2010 | Item | ShareThis
Golden Star Revises 2010 Production Guidance - "Golden Star Resources Ltd. (TSX:GSC - News)(AMEX:GSS - News)(GSE: GSR) ("Golden Star" or the "Company") announced today that 2010 production guidance for Bogoso/Prestea has been revised from 185,000 ounces to 170,000 - 172,000 ounces of gold. At Wassa/HBB guidance remains essentially unchanged at 182,000 (previously 185,000) ounces of gold." More
- December 21, 2010 | Item | ShareThis
Lateegra Arranges Financing - More
- December 21, 2010 | Item | ShareThis
Cayden Resources Inc. Agrees to Floor and Ceiling Price Parameters on Issuance of Shares to La Camera Mining Inc. - More
- December 21, 2010 | Item | ShareThis
Detour Gold and Wahgoshig First Nation Sign Impact Benefit Agreement for Detour Lake Project - More
- December 21, 2010 | Item | ShareThis
Gold Standard Ventures Corp.: Update on Drilling Results - More
- December 21, 2010 | Item | ShareThis
Creston Moly Announces NI 43-101 Preliminary Economic Assessment Filed on SEDAR - More
- December 21, 2010 | Item | ShareThis
Harvest Gold Announces Flow Through Financing to Evaluate Drill Targets Adjacent to San Gold's #2-3 Zone in Rice Lake Gold Belt, Manitoba - More
- December 21, 2010 | Item | ShareThis
Great Panther Intersects Multiple Zones of High Grade Silver-Gold in Step-Out Drilling at San Ignacio Property, Guanajuato - "GREAT PANTHER SILVER LIMITED (TSX:GPR - News) (the "Company") is pleased to announce that the second section of diamond drill holes at the San Ignacio Mine Property, Guanajuato has intersected numerous zones of silver-gold mineralization, some of which appear to correlate well with the first two holes and others that appear to be new zones. Two holes, ESI10-03 and 04, were drilled easterly at angles of -40 degrees and -60 degrees from a drill setup approximately 45 metres north of holes ESI10-01 and 02 (see news releases dated October 28th & November 15th 2010)." More
- December 21, 2010 | Item | ShareThis
Capella Resources Announces Closing of Share Exchange - More
- December 21, 2010 | Item | ShareThis
Strait Gold to Resume Drilling at Alicia in January - More
- December 21, 2010 | Item | ShareThis
Probe Mines Provides Update on its Borden Lake Project Drilling Program - More
- December 21, 2010 | Item | ShareThis
Taku Identifies Prospective Gold-in-Soil Geochemical/Magnetic Anomaly on Quartz Property, Yukon - More
- December 21, 2010 | Item | ShareThis
Avalon Rare Metals Authorized to Trade on NYSE Amex - More
- December 21, 2010 | Item | ShareThis
Geodex Grants Options - More
- December 21, 2010 | Item | ShareThis
Houston Lake Mining Announces up to 10.794g/t Gold from Regional Prospecting, also Diamond Drilling to Commence mid January on the West Cedartree Project - More
- December 21, 2010 | Item | ShareThis
Bellhaven Commences Drilling at its High-Sulphidation Epithermal Gold Prospect at Bejucosa, Pitaloza, Panama - More
- December 21, 2010 | Item | ShareThis
White Mountain Continues Process Development Program to Recover High Grade Feldspar at Cerro Blanco Titanium Project - More
- December 21, 2010 | Item | ShareThis
Eagle Plains/Providence Capital Provide Analytical Results from Diamond Drill Program at Iron Range Project, Southeastern BC - More
- December 21, 2010 | Item | ShareThis
Trade Winds Plans 2011 Drilling on Block A - More
- December 21, 2010 | Item | ShareThis
Golden Hope Mines Completes Its 2010 Diamond Drill Campaign - More
- December 21, 2010 | Item | ShareThis
Excalibur Completes Second Tranche of Private Placement - More
- December 21, 2010 | Item | ShareThis
Providence Capital/Eagle Plains Provide Analytical Results from Diamond Drill Program at Iron Range Project, Southeastern BC - More
- December 21, 2010 | Item | ShareThis
First Liberty Power Corp. Announces New Director - More
- December 21, 2010 | Item | ShareThis
Dia Bras Begins Development of New High-Grade "La Narizona" Zinc-Copper Deposit at the Bolivar Property - More
- December 21, 2010 | Item | ShareThis
Athena Silver Corporation Announces Update on 2011 Drilling Program - More
- December 21, 2010 | Item | ShareThis
Great Western Minerals Group Delivers Offer Circular to Rareco Shareholders - More
- December 21, 2010 | Item | ShareThis
Dynasty Gold Signs Earn-in Agreement on Quebec Property - More
- December 21, 2010 | Item | ShareThis
High River Gold Announces Resignation of Chief Financial Officer and Change to the Board of Directors - More
- December 21, 2010 | Item | ShareThis
Macusani Yellowcake Announces Additional High Grade Intersections at Kihitian Uranium Property, Peru - More
- December 21, 2010 | Item | ShareThis
Big Bear Mining Corp Announces the Addition of New Board Member, Hank Konerko, and the Addition of New CFO, Mike Schifsky - More
- December 21, 2010 | Item | ShareThis
Liberty Star's Alaska Claims Paid For By Northern Dynasty Minerals - More
- December 21, 2010 | Item | ShareThis
Sage Gold Inc.: Clist Lake, Beardmore-Geraldton Gold Camp-Channel Results 5.51g/t over 3.23 metres - More
- December 21, 2010 | Item | ShareThis
American Bonanza Gold Corp.: Technical Report Update - More
- December 21, 2010 | Item | ShareThis
LIM's Mine Construction Nearing Completion Plans for 2011 in Preparation - More
- December 21, 2010 | Item | ShareThis
Philippine Metals Begins Airborne EM/Mag Survey on the Entire Taurus Project - More
- December 21, 2010 | Item | ShareThis
Kalahari Shareholders Approve Consolidation and Name Change to Integra Gold Corp. - More
- December 21, 2010 | Item | ShareThis
AndeanGold Announces Urumalqui Au-Ag Project Update - More
- December 21, 2010 | Item | ShareThis
Ashburton Welcomes Premier Gold Mines Executive VP and COO Stephen McGibbon to Technical Advisory Board - More
- December 21, 2010 | Item | ShareThis
Canarc Agrees to Purchase the Relief Canyon Gold Mine Assets in Nevada; Arranges Cdn$12 Million Bridge Loan; Conference Call Scheduled at 10:30 am PDT - More
- December 21, 2010 | Item | ShareThis
Cadillac Ventures Inc.: Third Thierry Hole Completed - More
- December 21, 2010 | Item | ShareThis
Geovic Mining Corp.: Update on Status of Nkamouna Feasibility Study - More
- December 21, 2010 | Item | ShareThis
Valencia Provides Update on Option in Respect of the Cachinal Property - More
- December 21, 2010 | Item | ShareThis
Drill Results Confirm Antimony in Two Areas of Interest at Mountain Lake%u2019s Little River Property, Newfoundland - More
- December 21, 2010 | Item | ShareThis
Antioquia Announces More Gold Assayed From Cisneros - More
- December 21, 2010 | Item | ShareThis
Northland Appoints Key Managers for Sweden and Finland - More
- December 21, 2010 | Item | ShareThis
Purepoint Uranium Group Inc.: Rio Tinto Options Purepoint's Red Willow Project - More
- December 21, 2010 | Item | ShareThis
Xtra-Gold Commences 4,000 Line-Kilometer Helicopter-Borne VTEM Survey in Ghana, West Africa - More
- December 21, 2010 | Item | ShareThis
Probe Mines Announces Updated Resource Estimate for Its Black Creek Chromite Deposit - More
- December 21, 2010 | Item | ShareThis
Molycorp and Hitachi Metals Announce Agreement to Pursue Formation of Joint Ventures to Manufacture Rare Earth Alloys and Magnets in the U.S. - More
- December 21, 2010 | Item | ShareThis
Centamin Egypt Limited: Results of Sukari Scoping Study Stage 4 Expansion and Award of EPCM Contract - More
- December 21, 2010 | Item | ShareThis
Alto Announces Strategic Share Purchase by Dalhousie Oil; Closes First Tranche of Private Placement - More
- December 21, 2010 | Item | ShareThis
Continental Gold Drills 9.9 Metres at 53.11 g/t Gold & 109.9 g/t Silver and 3.5 Metres at 76.72 g/t Gold & 216.4 g/t Silver at the Buritica Gold Project - More
- December 21, 2010 | Item | ShareThis
Airborne Geophysical Survey Commences and a Contiguous Claim Block Is Added to the Tres-Or Duparquet Gold Project, Quebec - More
- December 21, 2010 | Item | ShareThis
Eurasian Minerals Drills 50.4 Meters of 3.39 g/t Oxide Gold Mineralization at the Akarca JV Project, Turkey - More
- December 21, 2010 | Item | ShareThis
Luiri Gold-Notice of Potential Takeover Bid - More
- December 21, 2010 | Item | ShareThis
Willow Creek 2010 Year End Review - More
- December 21, 2010 | Item | ShareThis
Pancontinental Uranium Corporation: Rare Earth Alluvial Sampling Program at Charley Creek, NT, Progressing Well; Over 200 Samples Collected - More
- December 21, 2010 | Item | ShareThis
Quantum Hires First Canadian - More
- December 21, 2010 | Item | ShareThis
Kalimantan Gold Plans Private Placement - More
- December 21, 2010 | Item | ShareThis
Greystar Confirms Request for a Second Public Hearing and Provides Feasibility Update - More
- December 21, 2010 | Item | ShareThis
Orosur Awards Development Contract to Redpath Following Board Approval for Arenal Deeps in Uruguay - More
- December 21, 2010 | Item | ShareThis
Rubicon Commences Bulk Sample and Updates Delineation Drilling F2 Gold System, Phoenix Project, Red Lake, Ontario - "Rubicon Minerals Corporation (RMX:TSX | RBY:NYSE-AMEX) ("Rubicon") is pleased to announce that bulk sampling has commenced within the core area of the F2 Gold System. Delineation drilling is being carried out in the core part of the previously announced NI 43-101 4.0 million ounce inferred gold resource estimate grading 20.1 g/t gold (0.59 oz/t gold). The bulk sampling has been initiated on one of the newly identified sub-zones (the "WLB2 Zone") within the F2 Core Zone area, approximately 300 metres below surface. The northeast-trending WLB2 Zone (Figure 1) has been successfully defined by 18 drill holes over a strike length of 55 metres and 20 metres vertically (the limit of current delineation drilling). Previous, wider spaced drilling in this area suggests a minimum depth potential of 230 metres which remains open both up and down dip." More
- December 21, 2010 | Item | ShareThis
Silver Standard Resources Inc.: Close of Sale of Snowfield and Brucejack Projects to Pretium and 2011 Production Guidance - "Silver Standard Resources Inc. ("Silver Standard" or the "Company") (TSX:SSO - News)(NASDAQ:SSRI - News) is pleased to report the completion of its sale of the Snowfield and Brucejack Projects and provide silver production guidance for the Pirquitas Mine in northern Argentina." More
- December 21, 2010 | Item | ShareThis
Timberline Reports Butte Highlands Update - "The Butte Highlands Project is proceeding as contemplated in spite of this permitting-related delay and potential increased development costs. We are confident that our processes for discharging water will meet regulatory requirements, and that our permit will be issued. The Butte Highlands Joint Venture represents an example of moving one of our advanced projects toward production with an experienced partner, and we will be continuing exploration work on site to further define and potentially expand the extent of mineralization." More
- December 21, 2010 | Item | ShareThis
Solitario Exploration & Royalty Reports Solid Development and Exploration Progress on Its Bongará Zinc Project, Peru - "Solitario Exploration & Royalty Corp. (NYSE Amex: XPL; TSX: SLR) announced solid progress on development and exploration activities on its high-grade Bongará zinc project in Peru. Included in these activities are access road construction, underground tunneling to further define mineralization and surface exploration drilling. The program is being managed and entirely funded by Solitario's joint venture partner Votorantim Metais (“Votorantim”). The Bongará project hosts the high-grade Florida Canyon zinc deposit where zinc mineralization has been intersected over a four square kilometer area." More
- December 21, 2010 | Item | ShareThis
Latest Drilling Outlines High Grade Gold Mineralized Corridors on Zone 123 at the Casa Berardi Mine - "The current exploration program focused on Zone 123, located approximately 1.0 kilometre east of the West Mine shaft, with the objective to delineate high grade mineralization corridors." More
- December 21, 2010 | Item | ShareThis
Paramount Gold and Silver Plans Larger Program on San Miguel's Don Ese Discovery Follow up Drilling on Palmarejo Mine Extension To Probe 1500 Meters More of Str - "Paramount Gold and Silver Corp. ("Paramount") (AMEX:PZG - News)(TSX:PZG - News)(Frankfurt:P6G - News)(WKN: A0HGKQ) announced today that ongoing surface exploration has identified significant additional strike potential for the Don Ese structure that will be the focus of drill testing in early 2011." More
- December 21, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 21 December, 2010 | |
