-- Posted 19 January, 2011 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1371.00 | +$2.80 |
Silver | $28.82 | -$0.07 |
XAU | 205.56 | -1.35% |
HUI | 517.43 | -1.21% |
GDM | 1533.42 | -1.06% |
JSE Gold | 2592.04 | +35.20 |
USD | 78.58 | -0.43 |
Euro | 134.69 | +0.87 |
Yen | 121.89 | +0.81 |
Oil | $90.86 | -$0.52 |
10-Year | 3.337% | -0.027 |
T-Bond | 121.00 | +0.5625 |
Dow | 11825.29 | -0.11% |
Nasdaq | 2725.36 | -1.46% |
S&P | 1281.92 | -1.01% |
The Metals:
Gold climbed $10.79 to $1378.99 by about 9AM EST before it fell back to almost unchanged at $1368.35 in late morning New York trade, but it then bounced back higher into the close and ended with a gain of 0.2%. Silver rose $0.60 to $29.49 in early New York trade, but it then fell back off for most of the rest of the day and ended near its late session low of $28.735 with a loss of 0.24%.
Euro gold fell under €1017, platinum gained $11 to $1832, and copper fell 6 cents to about $4.36.
Gold and silver equities opened up about 1% higher, but they then fell back off for most of the rest of trade and ended with over 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | Dec | 529K | 550K | 553K |
Building Permits | Dec | 635K | 560K | 544K |
U.S. and China reach $45 billion in export deals Reuters
Tax System: Too Complex To Be Constitutional? Yahoo
Tomorrow at 8:30AM EST brings Initial Jobless Claims for 1/15 expected at 425,000. At 10AM is the Existing Homes Sales report for December expected at 4.8 million, Leading Economic Indicators for December expected at 0.6%, and the Philadelphia Fed for January expected at 20.0.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil waffled near unchanged and ended lower as expectations for supply drops in tomorrow’s holiday delayed inventory report were offset by worries over weak demand.
The U.S. dollar index fell as the euro rose again on easing sovereign debt concerns.
Treasuries rose as the Dow, Nasdaq, and S&P fell on mostly disappointing earnings reports.
Among the big names making news in the market today were American Express, AMR, Citigroup, Cargill, Wells Fargo, IBM, and Goldman Sachs.
GATA Posts:
Thomas Kaplan: Brace for a 'perfect storm' in gold
The Statistics:
Activity from: 1/18/2011
Gold Warehouse Stocks: | 11,720,752 | - |
Silver Warehouse Stocks: | 104,414,525 | +51,976 |
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 | 1256.897 | 40,410,491 | US$55,431m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 121.34 | 3,901,253 | US$5,351m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 134.41 | 4,321,452 | US$5,928m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,887 | US$626m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 51.10 | 1,642,915 | US$2,250m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,962 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.428 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 117.03 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,585.95: -139.78 change from yesterday’s data.
The Miners:
Great Basin’s (GBG) production update, Claude’s (CGR) drill results, Bear Creek’s (BCM.V) silver recovery, Kimber’s (KBX) drilling, and Endeavour’s (EXK) production growth and lower cash costs were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. IAMGOLD | IAG+1.16% $18.37 |
2. Solitario | XPL +0.88% $3.45 |
3. Nevsun | NSU +0.79% $6.35 |
LOSERS
1. Almaden | AAU-5.90% $3.67 |
2. Vista Gold | VGZ-5.88% $2.72 |
3. US Gold | UXG-5.49% $6.89 |
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:
American Manganese Inc.: Non-Brokered Private Placement - More
- January 19, 2011 | Item | ShareThis
Mountain Boy Minerals Ltd.: Drilling Resumed to Extend High Grade Gold Zone Beneath Dunwell Mine - More
- January 19, 2011 | Item | ShareThis
Sona Announces Stock Option Grant - More
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Colombian Mines Updates Yarumalito Drilling and El Dovio Yarumalito Exploration Plans for the First Half 2011 - More
- January 19, 2011 | Item | ShareThis
Sniper Announces Results of First 5 Exploration Drill Holes at Guild Property - More
- January 19, 2011 | Item | ShareThis
Nemaska Exploration Plans the Production of 202,000 Tonnes/Year of Spodumene Concentrate From Its Whabouchi Lithium/Beryllium Deposit - More
- January 19, 2011 | Item | ShareThis
GreenLight Resources announces it has closed the second and final tranche of its non-brokered private placement - More
- January 19, 2011 | Item | ShareThis
Nuinsco Begins Third Field Program on Gold Concessions in Eastern Desert New Gold - More
- January 19, 2011 | Item | ShareThis
Puma Exploration to Generate New Targets at Turgeon - More
- January 19, 2011 | Item | ShareThis
Amseco Exploration Ltd.: Grant of Share Purchase Options - More
- January 19, 2011 | Item | ShareThis
TNR Gold Corp. and International Lithium Corp.: Forgan Lake Program Confirms Historical Results and Identifies New Targets - More
- January 19, 2011 | Item | ShareThis
Silver Standard shares rise after analyst raises rating - "Shares of Silver Standard Resources (SSO.TO) rose more than 6 percent on Wednesday, after an analyst upgraded his rating on the silver producer to "outperform" on its strong development projects." More
- January 19, 2011 | Item | ShareThis
Stina Initiates Scoping Study on Nevada Vanadium Property - More
- January 19, 2011 | Item | ShareThis
TerraX channel sampling returns 2.0 m @ 2.51 g/t Au on Central Canada property; drilling resumes on Blackfly and Sunbeam-Pettigrew properties, Atikokan - More
- January 19, 2011 | Item | ShareThis
SIRIOS Resources Inc.: Drilling Yields Up to 834.4 Grams Gold per Tonne Over 1.71 Metres on Aquilon Property, James Bay, Quebec - More
- January 19, 2011 | Item | ShareThis
Detour Gold Commences Geophysical Survey at Conquest's Sunday Lake Property - More
- January 19, 2011 | Item | ShareThis
DIAGNOS Inc.: Puma Exploration to Use DIAGNOS CARDS Technology on Its Turgeon Project in New Brunswick - More
- January 19, 2011 | Item | ShareThis
Golden Tag Intersects up to 834.4 Grams Gold per Tonne Over 1.7 Metres in Drilling on Aquilon Property, James Bay, Quebec (24.3 Ounces Gold per Ton Over 5.6 ft. - More
- January 19, 2011 | Item | ShareThis
Golden Goliath Resources Ltd.: Drilling Below Las Bolas Tunnel Level Hits 1.235m of 3,735 g/t (119.9 Oz) Silver - More
- January 19, 2011 | Item | ShareThis
Golden Share Welcomes Anthony Frizelle and Sethu Raman as Strategic Advisors to the Company - More
- January 19, 2011 | Item | ShareThis
Lago Dourado Reports That Magnetic And Radiometric Anomalies Reconcile With Known Gold-In-Soil Anomalies - More
- January 19, 2011 | Item | ShareThis
Midland Exploration and Aurizon Mines Commence a First Exploration Program on Patris - More
- January 19, 2011 | Item | ShareThis
Tara Minerals and Tara Gold Appoint New Chief Financial Officer - More
- January 19, 2011 | Item | ShareThis
Rye Patch Expands on New Lincoln Hill Gold and Silver Zone - More
- January 19, 2011 | Item | ShareThis
Riverstone Intersects 14 Metres Grading 1.92 g/t Gold at Nami - More
- January 19, 2011 | Item | ShareThis
Argentex provides update on silver-gold exploration activities in Santa Cruz, Argentina - More
- January 19, 2011 | Item | ShareThis
Southern Silver Updates Exploration Plans at Cerro Las Minitas - More
- January 19, 2011 | Item | ShareThis
Yale Adds Second Drill Ready Target to Urique Project - More
- January 19, 2011 | Item | ShareThis
Robex Cashes $330,000 from the Exercise of Warrants - More
- January 19, 2011 | Item | ShareThis
Nevada Exploration Provides Update on Phase I Drilling at the Shine Claims - More
- January 19, 2011 | Item | ShareThis
Providence Capital Announces Strategic Investment - More
- January 19, 2011 | Item | ShareThis
Minera Andes Announces Increased Silver and Gold Production for the Fourth Quarter and for the Year 2010 at the San Jose Mine - More
- January 19, 2011 | Item | ShareThis
Huakan Intercepts 8.77 Metres Grading 4.24 g/t Au, 78.38 g/t Ag, 2.79% Pb and 7.16% Zn at J&L - More
- January 19, 2011 | Item | ShareThis
Premium Exploration Drills 7.0 g/t Gold Over 34.4 Meters Within 1.5 g/t Gold Over 330.4 Meters Continuing Resource Expansion & 100% Drill Success at Friday - More
- January 19, 2011 | Item | ShareThis
VHGI Gold Appoints Senior Mining Engineer to its Team - More
- January 19, 2011 | Item | ShareThis
DIOS Latest Till Survey Limits AU33 Main Gold Train - More
- January 19, 2011 | Item | ShareThis
Sunridge Gold Intercepts 22 Metres of 13.14% Copper and 4.0 g/t Gold at Debarwa Project, Eritrea - More
- January 19, 2011 | Item | ShareThis
Probe Mines Announces Second Phase Assay Results on its Borden Lake Project Near Chapleau, Ontario; Including 182 Metres of 1.1 g/t Au; Expands Discovery Zone - More
- January 19, 2011 | Item | ShareThis
Virginia Mines Inc.: Update on Exploration Work and Beginning of Several Drilling Programs in James Bay - More
- January 19, 2011 | Item | ShareThis
Silver Quest Reports 89.7% Gold Recovery from Capoose, BC - More
- January 19, 2011 | Item | ShareThis
Typhoon Has Begun a 50,000 Metre Drill Program on Its Fayolle Project With a Third Drill Rig - More
- January 19, 2011 | Item | ShareThis
El Capitan Completes Merger with Gold and Minerals - More
- January 19, 2011 | Item | ShareThis
Mountain Lake Announces the Start-up of the 2011 Drilling Campaign at Leprechaun and Along Strike on the Valentine Lake Gold Project - More
- January 19, 2011 | Item | ShareThis
Firestone Ventures Corporate Update and Exploration Plans - More
- January 19, 2011 | Item | ShareThis
Zincore Takes Another Step Towards Pre-Feasibility With Start of Yanque In-Fill Drilling - More
- January 19, 2011 | Item | ShareThis
Aquila Reports Initial Drill Results From The Peninsula Gold Prospect - More
- January 19, 2011 | Item | ShareThis
Firestone Ventures Announces Private Placement Closing - More
- January 19, 2011 | Item | ShareThis
Bonterra Mobilizes Two Drill Rigs on Multiple Gold Targets - More
- January 19, 2011 | Item | ShareThis
Bravo Gold Corp. Acquires Shares of Bravada Gold Corporation - More
- January 19, 2011 | Item | ShareThis
Great Basin Provides Q4 2010 Production Update - "Great Basin Gold Ltd. ("Great Basin" or the "Company"), (TSX:GBG.to - News) reports on the progress of exploration, development and production activities at its Hollister trial mining operation in Nevada, USA and its Burnstone Mine in South Africa." More
- January 19, 2011 | Item | ShareThis
Bear Creek Announces Increased Silver Recoveries to 75% From Recent Column Tests and Official Filing of the Project "Esia" at Santa Ana, Peru - "Bear Creek Mining Corporation (TSX Venture:BCM.v - News) ("Bear Creek" or the "Company") is very pleased to announce an update to the silver recovery for its 100% owned Santa Ana deposit located in southern Peru. Santa Ana will be the first of two silver deposits to achieve production that, combined, will see the Company producing 15-20 million ounces of silver per year by 2014." More
- January 19, 2011 | Item | ShareThis
Kimber Commences Drilling at Monterde - "Kimber Resources Inc. (NYSE Amex:KBX, TSX:KBR) is pleased to announce that a 30,000-metre drilling program has commenced at its Monterde project in the prolific Sierra Madre gold-silver belt of northern Mexico. The drill program is designed to expand and upgrade mineral resources at the Carmen and Veta Minitas deposits, as well as to drill test new exploration targets." More
- January 19, 2011 | Item | ShareThis
Claude Resources Inc. Reports Wide Gold and Silver Intercepts from Infill and Exploration Drilling at the Amisk Gold Project, Flin Flon - "Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR) ("Claude") is pleased to announce step-out and infill drill intercepts from its 2010 exploration program at the 13,900 hectare Amisk Gold Project in northeastern Saskatchewan, Canada. The Amisk Gold Project is located 20 kilometres southwest of Flin Flon, Manitoba and is a 65:35 Joint Venture between Claude and St. Eugene Mining Corporation; Claude is the operator of the Joint Venture." More
- January 19, 2011 | Item | ShareThis
Endeavour Silver Forecasts Seventh Consecutive Year of Production Growth at Lower Cash Costs in 2011, Major Plant Expansion Planned for Guanajuato - "Endeavour Silver Corp. (TSX:EDR - News)(AMEX:EXK - News)(DBFrankfurt: EJD) announced today that it is forecasting its seventh consecutive year of production growth and lower cash costs in 2011. The Company owns and operates two high grade, underground, silver-gold mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State." More
- January 19, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 19 January, 2011 | |
