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-- Posted 5 January, 2011 | | Source: SilverSeek.com
| Close | Gain/Loss | Gold | $1374.10 | -$3.90 | Silver | $29.18 | -$0.38 | XAU | 215.84 | -1.44% | HUI | 544.86 | -1.28% | GDM | 1615.94 | -1.42% | JSE Gold | 2586.96 | -27.66 | USD | 80.22 | +0.75 | Euro | 131.52 | -1.55 | Yen | 120.10 | -1.74 | Oil | $90.30 | +$0.92 | 10-Year | 3.483% | +0.137 | T-Bond | 119.46875 | -1.84375 | Dow | 11722.89 | +0.27% | Nasdaq | 2702.20 | +0.78% | S&P | 1276.56 | +0.50% |
The Metals: Gold climbed as much as $6.45 to $1384.55 in Asia before it fell all the way back to $1364.09 in midmorning New York trade, but it then rallied back higher in the next few hours of trade and ended with a loss of just 0.28%. Silver fell almost a dollar to as low as $28.584 before it also rallied back higher, but it still ended with a loss of 1.29%. Euro gold climbed back over €1043, platinum lost $19.25 to $1722.50, and copper gained 4 cents to about $4.40. Gold and silver equities fell over 2% at the open before they rallied back higher for most of the rest of the morning, but they still ended with about 1% losses. Fed's Hoenig says gold standard "legitimate" system Yahoo The Economy: Report | For | Reading | Expected | Previous | ADP Employment | Dec | 297K | 100K | 92K | ISM Services | Dec | 57.1 | 55.7 | 55.0 |
FAO food price index hits record high in December Reuters Mortgage applications ebbed at year end: MBA Reuters Tomorrow at 8:30AM EST brings Initial Jobless Claims for 1/01 expected at 405,000. The Markets: 
Charts Courtesy of http://finance.yahoo.com/ Oil jumped back above $90 a barrel after the Energy Information Administration reported that crude inventories fell 4.2 million barrels, gasoline inventories rose 3.3 million barrels, and distillates rose 1.2 million barrels. The U.S. dollar index rose and treasuries fell on better than expected economic data that sent the Dow, Nasdaq, and S&P higher. Among the big names making news in the market today were Family Dollar, Qualcomm, FedEx, Toyota, Hyundai, Honda, and Nissan. GATA Posts: 
Rep. Ron Paul: A successful 2011 starts with oversight of Fed The race to debase encompasses the whole planet CFTC's position limit plan gains needed support The Statistics: Activity from: 1/03/2010 Gold Warehouse Stocks: | 64,888 | -63 | Silver Warehouse Stocks: | 105,584,072 | +1,036,441 |
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 | 1276.472 | 41,039,854 | US$56,120m | London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 123.25 | 3,962,445 | US$5,440m | London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 132.42 | 4,257,402 | US$5,848m | Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,958 | US$629m | Johannesburg Securities Exchange (JSE) | New Gold Debentures | 50.99 | 1,639,283 | US$2,304m | NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,963 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.25 tonnes. COMEX Gold Trust (IAU) Total Tonnes in Trust: 117.97: +0.31 change from yesterday’s data. Silver Trust (SLV) Total Tonnes in Trust: 10,921.57 - No change from yesterday’s data. The Miners: Silvermex’s (SMR.V) new auditor and ECU Silver’s (ECU.TO) and Golden Tag’s (GOG.V) drilling plans were among the big stories in the gold and silver mining industry making headlines today. WINNERS 1. Vista Gold | VGZ+16.73% $3.07 | 2. Paramount | PZG +5.08% $3.93 | 3. Gold Reserve | GRZ +4.49% $1.86 |
LOSERS 1. Alexco | AXU -4.36% $7.45 | 2. Metalline | MMG-4.17% $1.15 | 3. Claude | CGR -3.72% $2.07 |
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: Platinex Grants Additional Options - More
- January 05, 2011 | Item | ShareThis
Galliard Resources Announces Private Placement of Up to $1,692,500 - More
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Opawica Announces Au-Cu Drilling Results From Atikwa Lake, Ontario, Confirms Mineralized Footwall Zone of Up to 183 Meters in Width - More
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Quadra FNX Completes Sale of Gold Wheaton Shares to Franco-Nevada for C$262 Million - More
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Valterra Closes Second Tranche of Private Placements - More
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Parlane Closes Big Bear Transaction and Private Placement - More
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Silvermex Resources Inc. Appoints New Auditor - "Silvermex Resources Inc. (the "Company") (TSX:SLX - News) announces that in connection with the Company's recently completed business combination transaction (see news release of the Company dated November 16, 2010), the Company's Board of Directors has appointed Deloitte & Touche LLP as the new auditors of the Company. The former auditors, Meyers Norris Penny LLP, resigned at the request of the Company and there were no reportable events with respect to the change of auditor." More
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Hard Creek Nickel Corporation: Metallurgical Test Results Confirmed for Turnagain Project - More
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Imperial Metals Corporation: Ruddock Creek Drill Program Expands Mineralization - More
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Highland Signs LOI for Copper Properties - More
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Canasil Meets 2010 Objectives, Plans Active 2011 Silver/Gold Exploration Program - More
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Callinan Drills 3.65 g/mt Gold over 13.56 metres at Gossan Hill - More
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Sama Resources Announces Results of Metallurgical Tests at its Poly-Metallic Samapleu Project - More
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Gryphon Gold Announces Proposed C$800,000 Private Placement - More
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Sphere Resources and Duncan Park Holdings Sign Letter of Intent for the McManus Property in Red Lake, Ontario - More
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Trelawney Intersects 229.00 Metres of 1.32 g/t Gold at the Cote Lake Deposit - More
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Prodigy Gold Reports New Core Assays From Magino: 169 Metres Grading 1.02 gpt Gold - More
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Trevali Sampling Expands High-Grade Silver Mineralization at Puajanca North Target on Santander Zinc-Lead-Silver Mine Project in Peru - More
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NuLegacy Gold Acquires Balance of the Red Hill Prospect - More
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Alto Group Holdings Announces Application Submitted to Convert Bogue River Gold Project From an Exploration License Into Full Commercial Exploitation Status - More
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Erdene Completes Drill Program at Zuun Mod Project, Mongolia - More
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Ivernia Announces Temporary Shutdown of Magellan Operations - More
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North American Palladium Reminds Series A Warrant Holders of January 14 Expiry Date - More
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European Bank for Reconstruction and Development (EBRD) Increases Investment in Tirex Resources - More
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Kilo Drilling Intersects 2.38 g/t Gold Over 89.45 Metres on the Adumbi Prospect, Somituri Project, DRC - More
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MetalCORP Announces Planned Start of Next Phase of Hemlo East Drilling - More
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Big Bear Mining Corp, Provides Corporate Strategy and Update to Shareholders - More
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Newcastle Begins Geophysical Survey of Chester Property - More
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Uranium Energy Corp Makes New Appointments, Expands Top Management - More
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Woulfe Mining Announces Close of $10 Million Equity Financing With Korea Zinc - More
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China Gold International has Completed 50704.13m Diamond Drilling at the Jiama Project - More
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Animas Files Resource Estimate Report for Santa Gertudis Project - More
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Batero Gold Completes Geophysical Survey and Provides Exploration Update - More
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Douglas Lake Files 43-101 Report on 100% Owned Handeni Gold Property in Tanzania - More
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Magellan Drills 108.5m @ 0.93g/t Gold at Central Target, Cuiu Cuiu and Extends Mineralization to 350m Below Surface - More
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Duncan Park Signs Letter of Intent Regarding Additional Claims at Red Lake Property - More
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Glen Eagle Resources Inc.: New Lithium-Bearing Pegmatite Horizon Discovered on Authier - More
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Mercator's Mineral Park Mine Sets Molybdenum Production Record and Announces Year End Production Results - More
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New Pacific Plans Work for Its Newly Acquired, 100% Owned Tagish Lake Gold Property, Yukon Territory, Canada - More
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Avion Announces 4th Quarter Record Production of 26,121 Ounces - More
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Montana Gold to Commence Trading on January 5, 2011 - More
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Soltoro Adds to Management and Issues Options - More
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Fjordland Exploration Inc.: Ongoing Drilling at Woodjam South Continues to Expand Southeast Zone Copper-Gold-Molybdenum Mineralization - More
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Aquila Completes 20 Drill Holes at Michigan Gold - More
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Confederation Minerals Announces Increase of Non-Flow Through Offering - More
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Vena Discovers 115 Metre Extension at Azulcocha Polymetallic Mine in Peru Including an 11.65 Metre Drill Intersect Containing 25.2% Zinc and 3% Lead - More
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ECU Silver and Golden Tag to Recommence Drilling on San Diego Property, Mexico in Quarter 1, 2011 - "ECU Silver Mining Inc. (TSX:ECU - News) ("ECU") and Golden Tag Resources Ltd. (TSX-V:GOG - News) ("GOG") are pleased to announce that a Phase 5 program of exploration has been authorized by the 50/50 joint venture (JV) Management Committee on the highly prospective San Diego Property in Durango, Mexico and will commence in the first quarter of 2011. The partners have agreed upon a program of exploration of 10,000 to 15,000 metres of surface diamond drilling with an exploration budget of up to US$3,000,000." More
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- 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 5 January, 2011 | |
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