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-- Posted 21 January, 2011 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week | Gold | $1342.70 | -$4.70 | -1.32% | Silver | $27.43 | -$0.04 | -3.14% | XAU | 200.12 | -1.06% | -2.72% | HUI | 504.77 | -1.01% | -2.17% | GDM | 1497.66 | -1.02% | -1.77% | JSE Gold | 2594.76 | +30.37 | +1.45% | USD | 78.14 | -0.66 | -1.21% | Euro | 136.19 | -1.46 | +1.83% | Yen | 121.09 | +0.54 | +0.47% | Oil | $89.11 | -$0.48 | -2.65% | 10-Year | 3.416% | -0.043 | +2.49% | Bond | 120.09375 | +0.625 | -0.67% | Dow | 11871.84 | +0.41% | +0.72% | Nasdaq | 2689.54 | -0.55% | -2.39% | S&P | 1283.35 | +0.24% | -0.76% |
The Metals: Gold climbed $3.10 to $1350.50 in Asia before it fell to as low as $1337.55 by about 9:30AM EST, but it then bounced back higher into the close and ended with a loss of just 0.35%. Silver fell over 1% to $27.095 in Asia before it jumped up to $27.61 in late morning New York trade, but it then fell back off into the close and ended with a loss of 0.15%. Euro gold fell to about €988, platinum gained $5.75. to $1818.50, and copper gained over 3 cents to $4.30. Gold and silver equities saw slight gains midmorning, but they then fell back off midday and ended with about 1% losses. The Economy: All of this week’s economic reports: NAHB Housing Market Index - January | 16 v. 16 |
Next week’s economic highlights include the Case-Shiller 20-city Index, Consumer Confidence, and the FHFA Housing Price Index on Tuesday, New Home Sales and a FOMC Rate Decision on Wednesday, Initial Jobless Claims, Durable Goods Orders, and Pending Home Sales on Thursday, and GDP and Michigan Sentiment on Friday. The Markets: 
Charts Courtesy of http://finance.yahoo.com/ Oil ended slightly lower on worries over weak energy demand. The U.S. dollar index fell as the euro rose on a strong German sentiment reading. Treasuries rose as the Dow, Nasdaq, and S&P ended mixed on mostly positive earnings reports. Among the big names making news in the market Friday were Bank of America, GE, Schlumberger, Hewlett-Packard, and Wipro. The Commentary:  “Dear Friends;
Please note the CCI chart and the US Dollar chart as the CCI has plowed into new all time record highs today once again and looks to be setting a new all time record high weekly close as well. The grains and softs are leading the way with wheat now firmly above $8.00 and pushing towards $8.50 with corn shrugging over a bearish technical sign from Wednesday and going on to set a fresh 30 month high in price. Coffee, sugar and cocoa are all strong and lumber is at limit up. One thing is certain – there is yet no letup in the inexorable rise in food prices. Platinum and palladium are higher today and copper thus far has held support near $4.20 and moved back up once again. The strength in the base metals suggests that silver should stabilize soon with gold in a following role to it for the time being. Crude, while weak today, is holding near $89 and natural gas is higher. Unleaded gasoline is up 4 cents a gallon here near midday. Also note that it is no coincidence that the Dollar has succumbed to further selling pressure today as fears regarding European sovereign debt woes have taken a back seat to the long term, deeply entrenched structural problems in the US concerning its enormous indebtedness and further QE. One last thing – note the game being played with the bond market by the Fed as I commented on yesterday. There was ZERO downside price action in the reopen of trading for bonds early in the evening yesterday after they were crushed during the session. Upon the reopen they immediately popped higher, saw NO FOLLOW THROUGH selling of any kind (not normal), and are up more than half a point today even as the commodity sector is showing fresh signs of strength and the equity markets are also strong. In short, the officially sanctioned rigging of the US bond market continues. No doubt China is taking notice while the US calls it out for currency manipulation.”- Dan Norcini, More at JSMineset.com GATA Posts: 
GATA participates in Vancouver and London conferences this month Alasdair Macleod: Chinese puzzles The Statistics: Activity from: 1/20/2011 Gold Warehouse Stocks: | 11,564,219 | -88,134 | Silver Warehouse Stocks: | 104,155,015 | -204,379 |
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 | 1251.433 | 40,234,830 | US$54,043m | 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$5,235m | 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$5,799m | Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,876 | US$614m | 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: No change in Total Tonnes from yesterday’s data. COMEX Gold Trust (IAU) Total Tonnes in Trust: 117.91 - No change from yesterday’s data. Silver Trust (SLV) Total Tonnes in Trust: 10,526.70: -48.62 change from yesterday’s data. The Miners: Richmont’s (RIC) 2010 gold sales figures and guidance, Entree’s (EGI) new CFO, Aurcana’s (AUN.V) commenced mine construction, Silvercorp’s (SVM) drill results, and Apogee’s (APE.V) agreement to acquire 100% of the Pulacayo-Paca Project were among the big stories in the gold and silver mining industry making headlines Friday. WINNERS 1. Almaden | AAU+11.94% $4.03 | 2. Solitario | XPL +2.25% $3.48 | 3. IAMGOLD | IAG+1.67% $18.84 |
LOSERS 1. Vista Gold | VGZ -9.09% $2.40 | 2. Nevsun | NSU -6.29% $5.81 | 3. New Gold | NGD-5.26% $7.56 |
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: Quia Retains Investor Relations Consultant - More
- January 21, 2011 | Item | ShareThis
Meadow Bay Capital to Acquire Desert Hawk Resources With Interest in the Atlanta Mine in Nevada and Launches US$10 Million Equity Financing Including Clarificat - More
- January 21, 2011 | Item | ShareThis
Aurcana Commences Construction at Shafter Silver Mine - "Aurcana Corporation (TSX-V:AUN - News) ("Aurcana" or the "Company") is pleased to announce that work has commenced on the 100 percent owned Shafter Silver Mine, located in Presidio County, southwest Texas. The site access road has been upgraded, geotechnical and survey work is underway, and plant site and portal earthworks are on track to be completed by April. The portal cut for the decline will be blasted and excavated in February. The first set of new and rebuilt underground mining equipment has been purchased and is scheduled to be on site for mining to commence on the decline in early March." More
- January 21, 2011 | Item | ShareThis
Bravo Drills 29.6 Metres of 2.7g/t Gold at Homestake Ridge - More
- January 21, 2011 | Item | ShareThis
Key Gold Holding Announces Results of Shareholders Meeting - More
- January 21, 2011 | Item | ShareThis
Redhill Adds Rare Earth Prospect to Existing Property Portfolio-Management Changes and Financing - More
- January 21, 2011 | Item | ShareThis
Strait Gold Announces Grant Of Stock Options - More
- January 21, 2011 | Item | ShareThis
AFR Completes Diamond Drilling Program at Luisha South Project, Katanga Province, Democratic Republic of Congo - More
- January 21, 2011 | Item | ShareThis
Queenston Mining Inc. to be Featured on CEO Clips Airing on CBC Newsworld - More
- January 21, 2011 | Item | ShareThis
Prodigy Gold Drills More Gold at Milestone - More
- January 21, 2011 | Item | ShareThis
Eastern Goldfields, Inc. Announces Completion of Spin-Off of Vantage Goldfields Limited - More
- January 21, 2011 | Item | ShareThis
Fortress Closes $15 Million Private Placement - More
- January 21, 2011 | Item | ShareThis
Soltoro Resumes Drilling at El Rayo Primary Silver Project in Mexico - More
- January 21, 2011 | Item | ShareThis
Underground Drilling Intercepts 14.62 Metres Grading 363 Grams Per Tonne Silver, 2.45 % Lead and 4.80 % Zinc, Including 1.5m at 1,960 g/t Ag, 13.25 % Pb - "Silvercorp Metals Inc. (TSX:SVM - News)(NYSE:SVM - News) ("Silvercorp") is pleased to report drill results on the S7-1 Vein, part of its 2010 underground diamond drilling program at the Ying Mine, Ying Mining District, Henan Province, China. The 2010 underground drill program at the Ying Mine intended to investigate down dip extensions of several major production veins (e.g. S16W, S14, S7, S21, and S8) and to drill laterally to define new veins or under-explored veins near these major production veins. Due to delays in excavating drill pads at the 260 metre (m) elevation level tunnel (lowest level in the mine), drilling down dip was limited. The Company instead focused on drilling laterally on those previously known but less explored veins from tunnels above the 260m elevation level." More
- January 21, 2011 | Item | ShareThis
DIAGNOS Inc.: CODELCO, the Main Copper Producer in the World, Has Signed a Service Agreement for the Use of CARDS in Chile - More
- January 21, 2011 | Item | ShareThis
Golden Hope Commences 2011 Drill Campaign - More
- January 21, 2011 | Item | ShareThis
Dia Bras Samples High Grades of Silver and Gold on Its Bacerac Property, Sonora State, Mexico - More
- January 21, 2011 | Item | ShareThis
Gold Bullion Intersects New Mineralized Structures in Long Bars Zone; Preparations Underway for Drill Program at Castle Silver Mine - More
- January 21, 2011 | Item | ShareThis
Merrex Gold-Siribaya Gold Project Drilling Update - More
- January 21, 2011 | Item | ShareThis
First Mexican Intersects 33.4 M of 4.27 g/t Au, 395 g/t Ag & 1.24% Cu in Sonoro, Mexico - More
- January 21, 2011 | Item | ShareThis
Edgewater Exploration Ltd.: Exploration Update on the Enchi Gold Project, Ghana - More
- January 21, 2011 | Item | ShareThis
Copper Canyon Responds to Unsolicited Take-Over Offer by NovaGold - More
- January 21, 2011 | Item | ShareThis
Commander Receives BC Porphyry Option Payment - More
- January 21, 2011 | Item | ShareThis
Canasil Signs Option Agreement With La Cuesta International to Acquire 100% Interest in Candelaria Silver-Gold-Copper Claims - More
- January 21, 2011 | Item | ShareThis
Big Bear Mining Announces Completion of Initial BG Project Drill Holes and Reports Positive Results From 2010 Rattlesnake Hills Exploration Surface & Drill - More
- January 21, 2011 | Item | ShareThis
Earth Dragon Resources Issues Advisement - More
- January 21, 2011 | Item | ShareThis
Confederation Minerals Ltd. Mobilizes Newman Todd Drill Program - More
- January 21, 2011 | Item | ShareThis
Orvana Reports Drill Results From Copperwood S6, Michigan, USA - More
- January 21, 2011 | Item | ShareThis
Central Resources Reports Additional Geochemical Results from Selwyn Creek Gold Project ("M" and "N" claims) White Gold District, Yukon - More
- January 21, 2011 | Item | ShareThis
Belmont & Dorex Drilling Progress on Lumby/Bufo Property - More
- January 21, 2011 | Item | ShareThis
Coyote Resources Reviews the Company - More
- January 21, 2011 | Item | ShareThis
Ironwood Gold Continues 2011 Growth With Plans for New Nevada Acquisition - More
- January 21, 2011 | Item | ShareThis
Verbina Resources Inc. Announces Completion of Due Diligence on Banso and Muoso Mining Licenses (The "Licenses") in Ghana, West Africa Pursuant to Letter - More
- January 21, 2011 | Item | ShareThis
Status Update on First Point's Seven Nickel-Iron Alloy Properties, British Columbia - More
- January 21, 2011 | Item | ShareThis
Formation Metals Extends Cobalt Deposit Strike by 14% - More
- January 21, 2011 | Item | ShareThis
Niocan Adopts Limited Duration Shareholder Rights Plan - More
- January 21, 2011 | Item | ShareThis
Treasury Metals Re-Starts Drilling at Goliath and Updates Environmental Baseline Study - More
- January 21, 2011 | Item | ShareThis
Redstar Begins 9,000 Metre Drill Program on Red Lake Project - More
- January 21, 2011 | Item | ShareThis
Energizer Resources Announces US$15 Million Non-Brokered Private Placement; Releases Updated NI 43-101 Report on Green Giant Project - More
- January 21, 2011 | Item | ShareThis
Castillian Extends Pit Zone and Mine Zone at Hope Brook Project, Newfoundland-Intersects 1.44 Grams Gold Per Tonne Over 28.0 Metres in Pit Zone - More
- January 21, 2011 | Item | ShareThis
Bard Ventures Ltd.: Lone Pine Property; Positive Preliminary Economic Assessment; Net Present Value of $505 Million on the Alaskite Zone - More
- January 21, 2011 | Item | ShareThis
Continental Nickel Limited Announces Management Changes - More
- January 21, 2011 | Item | ShareThis
Paladin Energy Ltd: Quarterly Activities Report for Period Ending-31 December 2010 - More
- January 21, 2011 | Item | ShareThis
NioGold and Aurizon Report 9.06 G/T AU Over 7.3 Metres at Marban - More
- January 21, 2011 | Item | ShareThis
Dynacor Gold Mines: Gold Production From Custom Milling in Q4-2010 Jumps by 101% as Compared to Q4-2009 - More
- January 21, 2011 | Item | ShareThis
Canadian Zinc and Nahanni Butte Dene Band Sign Impact and Benefit Agreement for the Prairie Creek Project - More
- January 21, 2011 | Item | ShareThis
Richmont 2010 Gold Sales Increase 14%; Company Provides 2011 Production Forecasts and Updated Reserve and Resource Calculations - "Richmont Mines Inc. (TSX:RIC - News)(AMEX:RIC - News), ("Richmont" or the "Company") is pleased to release 2010 gold sales figures, to provide guidance for gold production levels in 2011, and to update its reserve and resource calculations as of December 31, 2010." More
- January 21, 2011 | Item | ShareThis
Entrée Gold Appoints New CFO - "We welcome Bruce to Entrée, and look forward to a long and productive relationship with him," commented Greg Crowe, Entrée's President & CEO. "Bruce will be an integral part of our executive team as we advance our current projects and seek to grow the Company in the future." More
- January 21, 2011 | Item | ShareThis
Apogee Enters Into Definitive Agreement to Acquire a 100% Interest in the Pulacayo-Paca Silver Project, Bolivia - "Apogee Minerals Limited ("Apogee" or "the Company") (TSX-V:APE - News) is pleased to announce that it has entered into a definitive agreement (the "Agreement") with Golden Minerals Company ("GMC") (TSX:AUM - News)(AMEX:AUMN - News) to acquire all of the issued and outstanding shares of an indirectly held subsidiary of GMC which holds a 100% interest in the Pulacayo-Paca Project. The Pulacayo-Paca Project, located in southern Bolivia, was previously subject to a joint venture agreement between the Company and GMC wherein the Company has the right to acquire up to a 60% joint venture interest in the Pulacayo-Paca Project. Upon completion of the proposed transaction, the Company will acquire a 100% interest in the property." More
- January 21, 2011 | 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 21 January, 2011 | |
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