-- Posted 30 December, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1405.20 | -$7.80 |
Silver | $30.46 | -$0.12 |
XAU | 224.19 | -0.66% |
HUI | 568.16 | -0.80% |
GDM | 1688.50 | -0.79% |
JSE Gold | 2690.41 | -11.09 |
USD | 79.53 | -0.26 |
Euro | 132.87 | +0.58 |
Yen | 122.59 | +0.08 |
Oil | $89.84 | -$1.28 |
10-Year | 3.369% | +0.028 |
T-Bond | 121.00 | -0.3125 |
Dow | 11569.71 | -0.14% |
Nasdaq | 2662.98 | -0.15% |
S&P | 1257.88 | -0.15% |
The Metals:
Gold saw a $2 gain at $1415 in Asia before it fell back off in London and morning New York trade to as low as $1402.15 by about noon EST, but it then rallied back higher in afternoon trade and ended with a loss of just 0.55%. Silver climbed over 1% to as high as $30.90 in Asia before it fell to as low as $30.295 by midday in New York, but it then rallied back higher into the close and ended with a loss of just 0.39%.
Euro gold fell to about €1058, platinum lost $15.75 to $1740.25, and copper climbed 5 cents to a new record high of about $4.36.
Gold and silver equities saw slight gains at the open, but they then fell to see almost 1% losses by early afternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 12/25 | 388K | 416K | 422K |
Chicago PMI | Dec | 68.6 | 61.5 | 62.5 |
Pending Home Sales | Nov | 3.5% | -3.0% | 10.0% |
Average rate on 30-year mortgage up to 4.86 pct. Yahoo
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil slipped below $90 a barrel after the Energy Information Administration reported that crude inventories fell 1.26 million barrels, gasoline inventories fell 2.32 million barrels, and distillates rose 243,000 barrels.
The U.S. dollar index fell as the “Swiss franc hit record highs against the euro and dollar on Thursday and looked set to extend gains in the new year as investors sought safety amid persistent concerns about the euro zone debt crisis.”
Treasuries fell along with the Dow, Nasdaq, and S&P on worries over rising interest rates.
Among the big names making news in the market today were Sony and JPMorgan.
GATA Posts:
Shayne McGuire: Everything gold is new again
The Statistics:
Activity from: 12/29/2010
Gold Warehouse Stocks: | 11,642,778 | +16,861 |
Silver Warehouse Stocks: | 104,707,159 | +835,527 |
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 | 1284.062 | 41,283,874 | US$58,005m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 123.25 | 3,962,713 | US$5,561m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 132.02 | 4,244,437 | US$5,956m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,988 | US$641m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 50.99 | 1,639,373 | US$2,316m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,963 | US$7m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 117.18 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,903.34 - No change from yesterday’s data.
The Miners:
Brigus Gold’s (BRD) settled dispute, Gold Resource’s (GORO) dividend, and Hecla’s (HL) conversion terms were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northgate | NXG +1.58% $3.21 |
2. Kimber | KBX +1.48% $1.37 |
3. Golden Minerals | AUMN +0.98% $26.67 |
LOSERS
1. Metalline | MMG-7.35% $1.223 |
2. Claude | CGR -5.91% $2.164 |
3. Vista | VGZ -4.62% $2.48 |
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:
NQ Exploration Closes Private Placements for $190,000 - More
- December 30, 2010 | Item | ShareThis
Stellar Pacific Ventures Inc. Completes the Third Tranche of a Flow-Through Units Offering - More
- December 30, 2010 | Item | ShareThis
Uragold Closes Third Non-Brokered Private Placement - More
- December 30, 2010 | Item | ShareThis
Jourdan Completes Private Placements for Gross Proceeds of $538,888 - More
- December 30, 2010 | Item | ShareThis
Focus Metals Closes Flow-Through Private Placement - More
- December 30, 2010 | Item | ShareThis
Rio Cristal Resources Completes Financing - More
- December 30, 2010 | Item | ShareThis
Romios Raises $842,000 in Working Capital - More
- December 30, 2010 | Item | ShareThis
Explor Acquires Golden Harker Property - More
- December 30, 2010 | Item | ShareThis
Moly Mines Limited: First Iron Ore Shipment Departs Port Hedland - More
- December 30, 2010 | Item | ShareThis
Titan Resources International Corp. Secures Rights From Airborne Survey Data for British Columbia Property in Prolific Silver Bearing Region - More
- December 30, 2010 | Item | ShareThis
Detour Gold Not in Position to Comment on Mineral Resource Announcement by Trade Winds on Block A - More
- December 30, 2010 | Item | ShareThis
United Reef Closes Private Placement of 500,000 Units - More
- December 30, 2010 | Item | ShareThis
Trevali Awards Mine Power Transmission Line Contract for its Santander Mine Project in Peru: Signs Power Purchasing Agreement with SN Power - More
- December 30, 2010 | Item | ShareThis
Riva Closes $10.5 Million Private Placement - More
- December 30, 2010 | Item | ShareThis
Coro Announces Favourable Conclusions of Environmental Commission for Development of San Jorge - More
- December 30, 2010 | Item | ShareThis
Minera Andes Announces Accelerated Expiry of Warrants for Possible Proceeds of $19 Million - More
- December 30, 2010 | Item | ShareThis
Razor Resources Inc. Announces Positive Results in Exploration and Increased Production From Company's Clavo Rico Mining Project - More
- December 30, 2010 | Item | ShareThis
Vantex Raises $1,640,000 in Common Share Units and Flow-Through Units - More
- December 30, 2010 | Item | ShareThis
Santa Fe Gold Raises $2.0 Million in Registered Direct Offering - More
- December 30, 2010 | Item | ShareThis
Trade Winds Completes Updated Mineral Resource Estimate on Block A Based on Open Pit Shell - More
- December 30, 2010 | Item | ShareThis
Gryphon Gold Confirms Higher Gold Grades in Critical Data Drilling - More
- December 30, 2010 | Item | ShareThis
Midlands Acquires Over 600 Square Kilometers of Ground in Area of Recent Major Gold Discoveries, Tanzania - More
- December 30, 2010 | Item | ShareThis
Palladon Ventures Ltd.: News Release - More
- December 30, 2010 | Item | ShareThis
DOT Resources Announces Updated NI 43-101 Technical Resource Report Filed For DOT - More
- December 30, 2010 | Item | ShareThis
Avion Increases Grade of Measured and Indicated Gold Resources at Tabakoto Deposit by 72% - More
- December 30, 2010 | Item | ShareThis
Brigus Gold Settles Dispute on Huizopa Project - "In connection with the settlement agreement, the Company has entered into a related sale agreement pursuant to which Brigus has sold its 100% interest in its Mexican subsidiary, Minera Sol de Oro, S.A. de C.V. and its joint venture in the Huizopa Project to the Cormack Capital Group, LLC for proceeds of US$3.5 million, payable over a five-year term, while the Company retains a 3% Net Smelter Royalty (“NSR”) over future production from the Huizopa Project. Cormack can reduce Brigus’ NSR to 2% by making a US$1.0 million payment to the Company and may also elect to pay up to 40% of the purchase price through the issuance of common shares in a publicly traded company listed on a recognized U.S. or Canadian national stock exchange. In addition, Brigus will receive a production bonus payment of US$5.0 million within one year of the commencement of commercial production at the Huizopa Project." More
- December 30, 2010 | Item | ShareThis
Gold Resource Corporation Declares Sixth Special Cash Dividend - "Gold Resource Corporation (GORO) (AMEX:GORO - News) is pleased to announce it has declared its sixth Special Cash Dividend of $0.03 per common share to its shareholders of record January 14, payable January 28, 2011. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico." More
- December 30, 2010 | Item | ShareThis
Hecla Announces Terms for Mandatory Conversion of Preferred Stock - "Under the terms of the Preferred Stock, the conversion rate will be 9.3773, which is the number of shares of common stock into which each share of Preferred Stock will convert. No fractional shares of Hecla’s common stock will be issued as a result of the conversion. Holders of fractional shares will receive cash based upon the average closing price of Hecla’s common stock over the five trading days preceding December 31, 2010. All of the outstanding shares of Preferred Stock will automatically convert into common stock; therefore, no action by Preferred Stock holders is required. Shares of the Preferred Stock will be delisted from the NYSE and will cease to trade at the close of business on December 30, 2010. A Notice of Conversion will be mailed to each registered holder of the Preferred Stock as of January 1, 2011. Such notice will include instructions for transmitting existing Preferred Stock certificates to receive new common stock certificates." More
- December 30, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 30 December, 2010 | |
