-- Posted 5 April, 2011 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1450.80 | +$18.80 |
Silver | $39.10 | +$0.65 |
XAU | 225.28 | +4.35% |
HUI | 596.85 | +5.04% |
GDM | 1740.38 | +4.92% |
JSE Gold | 2787.64 | +20.94 |
USD | 75.89 | -0.02 |
Euro | 142.23 | +0.02 |
Yen | 117.86 | -1.14 |
Oil | $108.34 | -$0.13 |
10-Year | 3.487% | +0.056 |
T-Bond | 119.84375 | -0.53125 |
Dow | 12393.90 | -0.05% |
Nasdaq | 2791.19 | +0.07% |
S&P | 1332.63 | -0.02% |
Foreign Gold Prices |
| CAD | |
| EUR | |
| GPB | |
| JPY | |
| CHF | |
| USD | |
The Metals:
Gold saw decent gains in Asia before it dipped to under $1430 in London, but it then shot up to a new all-time high of $1453.89 in New York and ended with a gain of 1.31%. Silver dropped forty cents to $38.05 in London, but it then surged to a new 31-year high of $39.198 in New York and ended with a gain of 1.69%. Both metals are rising to new highs in after hours access trade as well.
Euro gold rose to over €1020, platinum gained $7 to $1786, and copper gained a penny to about $4.26.
Gold and silver equities rose throughout most of trade and ended with about 5% gains. The HUI made a new all-time closing high while the XAU and GDM closed around 2% from their previous highs of December 6, 2010.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Services | Mar | 57.3 | 59.5 | 59.7 |
Bernanke Says Fed Must Monitor Inflation ‘Extremely Closely’ Bloomberg
Swaps Industry Failing to Meet Clearinghouse Promises, Fed's Dudley Says Bloomberg
House Republicans Unveil Budget With $6 Trillion Cuts Bloomberg
Late Easter, gas prices hit U.S. store sales Reuters
“Federal Reserve officials raised concerns last month that a big jump in energy prices could weaken the economy and unleash inflation, prompting some to suggest the possibility of tightening credit this year.
Such a move usually involves boosting interest rates, although the minutes from the Fed's closed-door meeting on March 15 did not specify that. The minutes, which were released Tuesday, also did not note which members raised the prospect of a change in policy, or how many.”
Tomorrow at 7AM EST brings the MBA Mortgage Index for 4/01.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower while the U.S. dollar index waffled near unchanged as traders looked for news from the Middle East and the European Central Bank.
“Treasuries fell, pushing yields up, after the Federal Reserve released minutes of its March 15 meeting, where policy makers said the recovery is gaining strength while reaffirming plans to buy $600 billion of Treasuries through June.”
The Dow, Nasdaq, and S&P waffled near unchanged in lackluster trade.
Among the big names making news in the market today were Southwest, Blockbuster, Apple, Texas Instruments, and Google.
GATA Posts:
Join GATA's Murphy at Vancouver reception for Japan relief April 21
Ron Paul: The Fed's largesse undermines foreign policy
Feds move to keep Liberty Dollar's $7 million metal inventory
The Statistics:
Activity from: 4/04/2011
Gold Warehouse Stocks: | 11,032,568 | - |
Silver Warehouse Stocks: | 105,149,848 | -161,822 |
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 | 1211.229 | 38,942,222 | US$55,800m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 115.22 | 3,704,563 | US$5,371m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 124.11 | 3,990,372 | US$5,785m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,483 | US$665m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.27 | 1,551,951 | US$2,233m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,958 | US$7m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 125.24: -0.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,162.45: +22.93 change from yesterday’s data.
The Miners:
Seabridge’s (SA) CFO change, Kirkland’s (KGI.TO) annual gold reserve and resource estimates, Great Panther’s (GPL) distinction as a "Socially Responsible Company,” United Mining’s (UMG.TO) bulk sampling results, ECU Silver’s (ECU.TO) drilling update, and Silvermex’s (SLX.TO) 2010 results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +20.14% $4.85 |
2. Midway | MDW+14.59% $2.12 |
3. Mines MGMT | MGN +13.21% $3.17 |
LOSERS
1. Great Panther | GPL -1.67% $4.12 |
2. DRDGOLD | DROOY-1.48% $5.32 |
3. Fronteer | FRG -0.07% $15.17 |
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:
Apella Resources Inc.: Drilling Commences; Iron-T Vanadium-Iron-Titanium Project - More
- April 05, 2011 | Item | ShareThis
Taseko Mines Limited Announces Senior Notes Offering - "Taseko Mines Limited (TSX:TKO.to - News) (NYSE Amex: TGB) ("Taseko") commenced a public offering of up to US$200,000,000 aggregate principal amount of its senior notes due 2019 (the "Notes"). Taseko intends to use the net proceeds from the offering of the Notes to fund Gibraltar Development Plan 3, with any remainder to be used for general corporate purposes. The actual terms of the Notes will not be determined until completion of the offering and will be announced at that time. The Notes will not be convertible and there will be no equity component of the offering." More
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Richfield Accelerates Warrant Expiry - More
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Petaquilla Minerals Ltd.: President and Vice-President of Panama Visit Molejon Gold Project - More
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Zoro Mining Executes Earn-In Agreement for Escondida Project, Region III, Chile - More
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Mineral Park Achieves Target Rate under Silver Wheaton Agreement - More
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Alderon Confirms Substantial Iron Ore Resource at Kami - More
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Northaven Resources Corp.: Option to Purchase Allco Polymetallic Property - More
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Strathmore Receives Positive Scoping Study for ISR Mining at Its Church Rock Uranium Deposit, New Mexico - More
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StoneShield Outlines Exploration Plans for Blackwater Gold Discovery District, BC - More
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Great Panther Silver Receives Recognition for Corporate Social Responsibility - "GREAT PANTHER SILVER LIMITED (TSX:GPR - News)(AMEX:GPL - News) (the "Company") is pleased to announce that its Mexican subsidiary, Minera Mexicana El Rosario S.A. de C.V., has received its first distinction as a "Socially Responsible Company" from CEMEFI, Centro Mexicano para la Filantropia (Mexican Centre for Philanthropy). This annual distinction is a milestone for Great Panther and was awarded at a ceremony in Mexico City on March 29, 2011 for the Company's commitment to sustainable environmental, social and economic development." More
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Golden Valley Mines Ltd.: 2010-2011 Abitibi Greenstone Belt ("AGB") Grassroots Exploration Highlights & New Drill Results - More
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Sono Resources Announces Management and Board Appointments - More
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Crowflight Completes Note Conversion - More
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True North Gems Advances Aappaluttoq Permitting With Terms of Reference for Socioeconomic Impact Assessment - More
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Forum Uranium Commences Exploration at Maurice Bay, NW Athabasca - More
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Crystallex Issues Update on Amex Halt - More
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Bullion Monarch Mining Acquires Bauxite Property in Brazil - More
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Sage Accelerates Clavos Drill Program to 12,500 Metres With Second Drill - More
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Lions Gate Metals Inc. Third Hole at Poplar Assays 220m of 0.44% Copper - More
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Amseco Exploration Ltd.: First Three Diamond Drill Holes in Barry-Urban Intersect Zone 18 - More
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Dalradian Commences Regional Exploration Program on the Tyrone Project in Northern Ireland - More
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Ivernia Announces a Halt to Operations at the Magellan Mine - More
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Approved Name Change-Hawthorne Gold Corp. to Become China Minerals Mining Corporation - More
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Tahoe Announces Recommendations From ISS Group in Support of Matters to Be Considered at Annual Meeting and Announces Amended Rights Plan - More
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Silver Predator Commences Taylor Project Drill Program - More
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Halo Earns $1.2 Million for NSR Interest - More
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Ucore Recovers Over 4000 Metres of Historical Drill Core - More
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Hathor Receives Mineral Lease for Roughrider - More
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Alto Group Holdings Announces CEO Departs for Mexico to Conclude Equipment Purchase - More
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White Tiger Gold Announces Launch of New Website - More
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White Tiger Mining Corp.: RMZ11-21 Drill Hole Intersects Two Significant Chalcopyrite Zones Within the RM Zone, Marshall Lake Project, Near Thunder Bay, Ontario - More
- April 05, 2011 | Item | ShareThis
Savant Intersects 6.16 gpt Gold Over 6.5 Metres in a Previously Unknown Vein System on the McWatters Property - More
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Auriga Gold Increases Property Position and Targets Extensive Gold Mineralization Potential at Maverick Gold Project, Manitoba - More
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Drilling Commences on Kemptville Gold Project - More
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Rockland Plans Field Mapping, Heli-Borne Mag Survey for Schefferville Gold Project - More
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Trench Results from the New Valdette Zone at Coringa, Brazil Includes 8.5m @ 5.5g/t Gold - More
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African Gold Group, Inc., Engages Torrey Hills Capital for Investor Relations - More
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Integra Gold Corp. Intersects 14.7 g/t Gold Over 3.5 Meters at the No. 5 Plug on the Lamaque Project - More
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Redhill Resources Corp.: Geochemical Sampling Program Completed at Gascoyne Project - More
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Invenio Exercises Option to Acquire 75% of Kings Canyon and Green Springs Projects - More
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Belmont Confirms and Identifies New Polymetallic (Gold & Base Metal) VMS Style Deposits on the Lumby-Bufo Property - More
- April 05, 2011 | Item | ShareThis
United Mining Group Announces Bulk Sampling Results at the Crescent Silver Mine Project - "United Mining Group, Inc. ("UMG" or the "Company") (TSX:UMG - News) (Pinksheets:UMGZF - News) (Frankfurt:UM8 - News) is pleased to announce geochemical results of the South Vein intercepted by the underground bulk sampling program currently ongoing at the Crescent Silver Mine in the Coeur d'Alene district of north Idaho." More
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Vantex Resumes Drilling on Moriss - More
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Berkwood Deploys Indonesian Field Team to Begin Work Program on Cimandiri Gold Property in Java Indonesia - More
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Selwyn Resources Ltd.: High Grade Drill Results Continue From Don Deposit - More
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Gold Standard to Spend $8 Million on Nevada Exploration in 2011 Drilling to Begin in May to Follow Up 2010 North Bullion Zone Gold Discovery - More
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Orvana Announces Production at Don Mario UMZ Copper-Gold-Silver Mine, Bolivia - More
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Golden Tag to Raise $2.75 Million - More
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China Gold International Announces 2011 Aggressive Exploration Plan for its Jiama Project - More
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Confederation Minerals Ltd. Intersects Additional High-Grade Gold at Newman Todd - More
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Pershimco Appoints Serge Biron to Lead the Pershimco Exploration Team in Latin America - More
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Colombia Crest Finalizes Option to Acquire the Venecia Project, Colombia - More
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Seafield Begins Drilling Santa Sofia Target, Quinchia Gold Project, Colombia - More
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Alderon Announces Initial Iron Ore Resource at Kami - More
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GGG Resources plc: Bullabulling Gold Project-Resource Drilling Update - More
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Silver Dragon's Sino-Top Joint Venture Prepares for 12,000 Meter Drilling and 3,500 Meter Tunneling Exploration Program for 2011 - More
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San Gold First Quarter Mine Production Outpaces Current Mill Capacity - More
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Apogee Intersects 2.0 Meters Grading 3,163.00 g/t Silver and 4.40 Meters Grading 584.47 g/t Silver at the Pulacayo Deposit - More
- April 05, 2011 | Item | ShareThis
Silver Quest Reports Significant Geochemical Results From Capoose Project, BC - More
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Alexis Makes Landmark Agreement to Acquire 100% Ownership in Joint Venture Properties in Rouyn-Noranda, Quebec - More
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Cadillac Extends Thierry Mineralization Along Eastern Strike - More
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Largo Provides Update on Production Schedule for Currais Novos Tungsten Project, Brazil - More
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Avion Djambaye II Zone Infill Drilling Returns an Average Grade 47% Higher Than Indicated in Resource Model - More
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Redstar Intersects High-Grade Gold at Newman Todd - More
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Kirrin Resources Reports 2010 Results - More
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Lydian Reports Resource Update of 2.5 Million Ounces Gold at Its Amulsar Project; Armenia - More
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Avalon Provides Progress Report on Metallurgical Testwork, Nechalacho Rare Earth Elements Deposit, Thor Lake, Northwest Territories, Canada - More
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St. Eugene Files Mineral Resource Evaluation Report for Amisk Gold Project - More
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Carpathian Updates Resource Estimate for RDM Gold Project, Brazil: Open-Pit Measured + Indicated Resource Increase by 15% - More
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Castillian Intersects 2.78 Grams Gold Per Tonne Over 19.8 Metres in Pit Zone at Hope Brook Project, Newfoundland - More
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Pancontinental Uranium Corporation: Crossland Recommences Drilling at Charley Creek, NT, Australia Testing REE Targets - More
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TVI Releases Additional Balabag Gold Project Drill Results and Continues to Proceed Toward a Mine Development Decision - More
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Spartan Gold Ltd. Approved for Full DTC/CNS Eligibility Effective April 01, 2011 - More
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Medusa Mining Limited: Co-O Drilling Continues High Grade Results - More
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Assays Received for Seven Drill Holes & Gold Discovered in the East - More
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Brookemont Capital Inc.: Additional Field Work Reports New Mineralization on Gold Prospect in Tanzania - More
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ECU Silver Provides Update on Deep Drilling of Massive Sulphides - "ECU Silver Mining Inc. (TSX:ECU - News) is pleased to report on the status of the high-performance deep hole diamond drill that arrived on site at the Velardena Property on March 23, 2011." More
- April 05, 2011 | Item | ShareThis
Silvermex Reports Financial Results for 2010 - "Silvermex recorded a consolidated net loss of $41,467,946 for the year ended December 31, 2010, compared to $15,309,189 in 2009. Of this loss, $37,468,666 was due to the impairment of goodwill, which arose on the business combination. The Company has completed the preliminary purchase price allocation for the acquisition of Silver One. The preliminary goodwill on this transaction stemmed primarily from the change in the fair value of the share consideration received by the former shareholders of Silver One." More
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Seabridge Gold Announces Transition in Chief Financial Officer Position - "Rudi Fronk, President and CEO of Seabridge Gold (TSX:SEA - News)(AMEX:SA - News), announced today that Christopher J. Reynolds, CGA, 47, will join the Company as Vice President, Finance, Chief Financial Officer and Corporate Secretary effective May 1, 2011. Mr. Reynolds will be replacing Roderick Chisholm, CA who is retiring from these positions after more than 8 years with the Company." More
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Kirkland Lake Gold Inc.: December Year-End Reserve & Resources Update; High Grade Gold Ounces Added and Replaced During 7-Month Shortened Year - "Kirkland Lake Gold Inc. (TSX:KGI - News)(AIM: KGI) (the "Company") presents its annual gold reserve and resource estimates (now based on a December 31st year end) for its operations in Kirkland Lake, Ontario on both the historic Main Break and the Company's high grade South Mine Complex (SMC) discovered in 2005 its high grade South Mine Complex (SMC)." More
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- Chris Mullen, Gold Seeker Report
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-- Posted 5 April, 2011 | |