The Premier Silver Resource Website
Visit GoldSeek.com
Visit GoldReview.com
Visit UraniumSeek.com

- CLICK HERE TO VISIT THE NEW SILVERSEEK.COM -
Live Spot Silver
Navigation
Silver Market Articles
Silver Discussions at the Forum
Silver Company Links
Silver Market Updates
Silver & Gold Headlines
Silver Stock News
Silver Equity Quotes
Silver & Precious Metals Quotes







 
Gold Seeker Closing Report: Gold and Silver End Mixed and Near Unchanged

By: Chris Mullen, Gold-Seeker.com


-- Posted 14 March, 2011 | | Source: SilverSeek.com

 

Close

Gain/Loss

Gold

$1424.80

+$3.80

Silver

$35.85

-$0.10

XAU

206.39

-0.20%

HUI

546.87

-0.29%

GDM

1602.88

-0.13%

JSE Gold

2651.26

-11.04

USD

76.31

-0.39

Euro

140.00

+0.97

Yen

122.39

+0.23

Oil

$101.19

+$0.03

10-Year

3.347%

-0.046

T-Bond

122.34375

+0.46875

Dow

11993.16

-0.43%

Nasdaq

2700.97

-0.54%

S&P

1296.39

-0.60%

 
 

 

The Metals:

 

Gold rose $9.40 to as high as $1430.40 at around 10AM EST before it fell back to almost unchanged in the next hour of trade, but it then bounced back higher in the last couple of hours of trade and ended with a gain of 0.27%.  Silver jumped up to as high as $36.245 in midmorning New York trade, but it then chopped back lower into the close and ended with a loss of 0.28%. 

 

Euro gold fell to about €1018, platinum lost $32.25 to $1745.50, and copper fell to about $4.17.

 

Gold and silver equities fell over 1% by midmorning before they rebounded in afternoon trade, but they still ended with slight losses.

 

The Economy:

 

There were no major economic reports today.  Tomorrow brings Empire Manufacturing, Export and Import Prices, Net Long Term TIC Flows, and a FOMC Rate Decision.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell in early trade on concerns over slowing economic growth, but geopolitical worries in Libya and Bahrain rallied prices in late trade and oil ended with a small gain.

 

The U.S. dollar index fell as the euro rose “after European Union leaders agreed on a retooled bailout plan for the region’s most indebted nations.”  “The Japanese yen retreated versus the U.S. dollar and euro Monday, as the Bank of Japan provided a massive dose of liquidity and further loosened its monetary policy in the wake of last week’s devastating earthquake and tsunami.”

 

Treasuries rose as the Dow, Nasdaq, and S&P fell on worries over the Japanese economy, but early session losses were largely pared by the close.

 

Among the big names making news in the market today were Apple, GE, BofA, IBM, and Berkshire Hathaway.

 

GATA Posts:

Market manipulation cited in Gold Report's interview with Eric and Larisa Sprott

 

The Statistics:

Activity from: 3/11/2011

Gold Warehouse Stocks:

11,069,941

-58,844

Silver Warehouse Stocks:

101,663,561

-700,718

 

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

1215.475

39,078,738

US$55,570m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

116.51

3,746,032

US$5,337m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

122.56

3,940,260

US$5,614m

Australian Stock Exchange (ASX)

Gold Bullion Securities

14.21

474,601

US$652m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

48.40

1,556,140

US$2,196m

NASDAQ Dubai

Dubai Gold Securities

0.154

4,959

US$7m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.82 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 122.52 - No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,957.36: -16.7 change from yesterday’s data.

 

The Miners:

 

NovaGold’s (NG) sold claims, Ivanhoe’s (IVN) discovery, and Gold Resource’s (GORO) production transition were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Kimber

KBX +3.45% $1.50

2.  Royal Gold

RGLD+1.80% $49.80

3.  Golden Star

GSS +1.40% $2.89

 

LOSERS

1.  Minco Gold

MGH -6.38% $2.20

2.  Vista Gold

VGZ -5.78% $3.26

3.  Great Panther

GPL -5.42% $4.19

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:


Mega Uranium Ltd. Announces Closing of Flow-Through Financing - More
- March 14, 2011 | Item | ShareThis


Rockex Appoints New Director - More
- March 14, 2011 | Item | ShareThis


Cameco Provides Notice of Conference Call at 3:00 p.m. ET Today - More
- March 14, 2011 | Item | ShareThis


Fancamp Increases Brokered Financing - More
- March 14, 2011 | Item | ShareThis


Ivernia Announces Voluntarily Delay of the Resumption of Regular Transportation Operations From the Magellan Mine - More
- March 14, 2011 | Item | ShareThis


Aben Resources Options Rude Creek South Gold Property, Yukon - More
- March 14, 2011 | Item | ShareThis


Uragold's Drill Program on the Beauce Placer Property Confirms the Presence of Gold - More
- March 14, 2011 | Item | ShareThis


Stellar Pacific Ventures Hires First Canadian Capital Corp. as Investor Relations - More
- March 14, 2011 | Item | ShareThis


Diane Garret Joins TriStar Board of Directors Options Granted - More
- March 14, 2011 | Item | ShareThis


Callinan Mines Receives Adjustment Payment From HudBay Minerals - More
- March 14, 2011 | Item | ShareThis


Gryphon Gold States That Its Policy Is Not to Comment on Unusual Market Activity - More
- March 14, 2011 | Item | ShareThis


Mexus Gold U.S. Announces Drilling With New Diamond Core Drill in Caborca Mexico - More
- March 14, 2011 | Item | ShareThis


White Tiger Gold Ltd. and Century Mining Corporation Announce Proposed Business Combination - More
- March 14, 2011 | Item | ShareThis


Galahad Metals Inc.: 4,800 m Follow-Up Drill Program Recommended for Galahad Montrose Gold Project - More
- March 14, 2011 | Item | ShareThis


Franco-Nevada and Gold Wheaton Complete Plan of Arrangement - More
- March 14, 2011 | Item | ShareThis


Lundin Mining Announces Change of Venue for Special Meeting of Shareholders - More
- March 14, 2011 | Item | ShareThis


Altius Minerals Corporation (TSX: ALS) Reports Third Quarter Net Earnings of $69,368,000 - More
- March 14, 2011 | Item | ShareThis


TVI Pacific Inc. Announces Spud of Alaskan Well - More
- March 14, 2011 | Item | ShareThis


Silver Predator Closes Definitive Agreements; Receives Conditional Toronto Stock Exchange Listing Approval - More
- March 14, 2011 | Item | ShareThis


Evolving Gold Corp. Appoints William Gee as CEO - More
- March 14, 2011 | Item | ShareThis


Argentex Mining Appoints Peter A. Ball as Executive VP of Corporate Development - More
- March 14, 2011 | Item | ShareThis


Pacific Bay Commences Argentina Uranium Exploration Program; Chubut Province - More
- March 14, 2011 | Item | ShareThis


Hana Provides Update on Banana Zone Preliminary Economic Assessment (PEA) - More
- March 14, 2011 | Item | ShareThis


Rye Patch Gold Corp. Information To Be Available Through Standard & Poor's Market Access Program - More
- March 14, 2011 | Item | ShareThis


Rio Alto Provides La Arena Project Update and San Andres Drilling Results - More
- March 14, 2011 | Item | ShareThis


Inmet Mining Announces Change of Venue for Special Meeting of Shareholders - More
- March 14, 2011 | Item | ShareThis


Timmins Gold Corp.: Sprott Votes Against Gammon Deal - "Timmins Gold Corp. (TSX-V:TMM - News) is very pleased to announce that Sprott Asset Management LP has advised Timmins Gold that it has voted the shares of Capital Gold Corporation (TSX:CGC - News)(AMEX:CGC - News) over which it exercises direction or control against Gammon Gold Inc.'s proposed acquisition of Capital Gold. Further, Sprott has advised Timmins Gold that it intends to vote all of such shares in favour of the Timmins' proposal for Capital Gold. Sprott Asset Management LP exercises direction and control over approximately 12.5% of the outstanding shares of Capital Gold, which based on Capital Gold's disclosure, represents the largest single voting block." More
- March 14, 2011 | Item | ShareThis


Confederation Minerals Intersects Multiple High Grade Gold Zones in Early Drill Results from Newman Todd Gold Prospect, Red Lake District: 3.0 m at 42.84 g/t - More
- March 14, 2011 | Item | ShareThis


Nautilus Minerals Inc.: PNG Government to Invest in Solwara 1 - More
- March 14, 2011 | Item | ShareThis


Mercator Announces Inclusion in S&P/TSX Composite Index - More
- March 14, 2011 | Item | ShareThis


Mercer Gold Appoints Gijsbert Groenewegen to Advisory Board - More
- March 14, 2011 | Item | ShareThis


Redstar Intersects Multiple High-Grade Gold Zones in Red Lake - More
- March 14, 2011 | Item | ShareThis


Update on Drilling at the El Tigre Property, Sonora, Mexico - More
- March 14, 2011 | Item | ShareThis


Indigo Completes Airborne Geophysics at Kodyel, Loto and Moule - More
- March 14, 2011 | Item | ShareThis


Bard Announces $1,000,000 Non-Brokered Financing; Exploration Program Planned - More
- March 14, 2011 | Item | ShareThis


Fission Joins OTCQX - More
- March 14, 2011 | Item | ShareThis


Capstone Completes Prefeasibility Study on Phase V Expansion of Minto Copper-Gold Mine - More
- March 14, 2011 | Item | ShareThis


Alamos Announces 43% Increase in Semi-Annual Dividend - More
- March 14, 2011 | Item | ShareThis


Largo Announces Extension of Option to Purchase Final 30% of the Northern Dancer Project - More
- March 14, 2011 | Item | ShareThis


Sandstorm Gold Announces Final Construction Approval for the Ming Mine has Been Received - More
- March 14, 2011 | Item | ShareThis


GGG Resources plc Announces an Intention to Make a Takeover Offer for Auzex Resources Limited - More
- March 14, 2011 | Item | ShareThis


First Uranium Corporation - FATALITY AT THE EZULWINI MINE - More
- March 14, 2011 | Item | ShareThis


NovaGold Sells Placer Gold Claims - "NovaGold Resources Inc. (TSX:NG - News)(AMEX:NG - News) today announced that it has entered into an agreement to sell its alluvial gold properties comprising 11,500 acres of fee-simple United States patented mining claims near Nome, Alaska. The claims are held by NovaGold's wholly-owned subsidiary, Alaska Gold Company. Nome Gold Alaska Corp. will pay Alaska Gold Company US$21 million in three installments, and will also provide a letter of credit for US$4 million as an environmental reclamation bond." More
- March 14, 2011 | Item | ShareThis


New Copper-Molybdenum-Gold Zone Discovered on Ivanhoe Mines-BHP Billiton Joint Venture Licence Approximately 10 Kilometres North of Oyu Tolgoi - "Robert Friedland, Executive Chairman and Chief Executive Officer of Ivanhoe Mines Ltd. (TSX:IVN - News)(NYSE:IVN - News)(NASDAQ:IVN - News), and Richard Gosse, Vice-President, Exploration, announced today that Ivanhoe and BHP Billiton Ltd. have discovered a new zone of shallow copper-molybdenum-gold mineralization approximately 10 kilometres north of the Ivanhoe Mines Oyu Tolgoi copper-gold mining complex currently under construction in southern Mongolia." More
- March 14, 2011 | Item | ShareThis


ISS and Glass Lewis Recommend Capital Gold Corporation Stockholders Vote for Merger With Gammon Gold Inc. - "Capital Gold Corporation (Amex:CGC - News) (TSX:CGC.to - News) ("CGC") announced today that ISS Proxy Advisory Services and Glass Lewis & Co., the two leading independent proxy research and advisory firms, have both published reports recommending that Capital Gold's stockholders vote "FOR" the merger with Gammon Gold Inc. ("Gammon"). A special meeting of the Capital Gold stockholders to vote on the merger proposal will be held at 10:00 am on March 18, 2011 at the offices of Ballard Spahr LLP, located at 1735 Market Street, 51st Floor, Philadelphia, Pennsylvania." More
- March 14, 2011 | Item | ShareThis


Gold Resource Corporation Commences Processing Arista Underground Ore - "Gold Resource Corporation (GORO) (AMEX:GORO - News) reports the production transition and commencement of processing its La Arista underground ore. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico." More
- March 14, 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 2011

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 14 March, 2011 | |


Latest Articles


Gold Seeker Closing Report: Gold and Silver Fall Over 2% More
13 December, 2011

Gold Seeker Closing Report: Gold and Silver Fall Almost 3%
12 December, 2011

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Slightly on the Week
9 December, 2011

Gold Seeker Closing Report - Article Archive List

SilverSeek.com is presented to you by:

© 2003 - 2011
SilverSeek.com, Silver Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of SilverSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on SilverSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of SilverSeek.com, its affiliates or advertisers. SilverSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of SilverSeek.com, is strictly prohibited. In no event shall SilverSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.