-- Posted 6 April, 2011 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1456.50 | +$5.70 |
Silver | $39.33 | +$0.23 |
XAU | 224.98 | -0.13% |
HUI | 597.14 | +0.05% |
GDM | 1742.57 | +0.13% |
JSE Gold | 2851.40 | +63.76 |
USD | 75.54 | -0.35 |
Euro | 143.35 | +1.12 |
Yen | 117.08 | -0.71 |
Oil | $108.83 | +$0.49 |
10-Year | 3.545% | +0.058 |
T-Bond | 118.96875 | -0.875 |
Dow | 12426.75 | +0.27% |
Nasdaq | 2799.82 | +0.31% |
S&P | 1335.54 | +0.22% |
Foreign Gold Prices |
| CAD | |
| EUR | |
| GPB | |
| JPY | |
| CHF | |
| USD | |
The Metals:
Gold rose $11.35 to a new all-time high of $1462.15 by midmorning in New York before it fell back off a bit in the last few hours of trade, but it still ended with a gain of 0.39%. Silver surged $0.643 to a new 31-year high of $39.743 before it also fell back off, but it still ended with a gain of 0.59%.
Euro gold fell to about €1016, platinum rose $2 to $1788, and copper climbed over 10 cents to about $4.37.
Gold and silver equities roe over 1% at the open, but they then fell back off a bit in midmorning trade and ended near unchanged.
The Economy:
Report | For | Reading | Expected | Previous |
MBA Mortgage Index | 4/01 | -2.0% | - | -7.5% |
Apartment Vacancies in U.S. Fall to Lowest in Almost Three Years Yahoo
Congress Leaders Fight Clock on Spending to Avert Shutdown Bloomberg
Tomorrow at 8:30AM EST brings Initial Claims for 4/02 expected at 386,000 and at 3PM is Consumer Credit for February expected at $2.5 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil found slight gains after the Energy Information Administration reported that crude inventories rose 1.95 million barrels, gasoline inventories fell 357,000 barrels, and distillates rose 195,000 barrels.
The U.S. dollar index fell as the euro rose ahead of tomorrow’s expected rate hike from the European Central Bank.
Treasuries fell as the Dow, Nasdaq, and S&P rose on positive company outlooks.
Among the big names making news in the market today were Verizon, Monsanto, Dish and Blockbuster, NYSE and Nasdaq, Fannie Mae, and Cephalon.
GATA Posts:
Repeal of purchase reporting law passes Senate, goes to president
Ron Paul's 2012 presidential dilemma
The Statistics:
Activity from: 4/05/2011
Gold Warehouse Stocks: | 11,032,568 | - |
Silver Warehouse Stocks: | 104,886,693 | +14,024 |
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 | 1212.745 | 38,990,976 | US$56,961m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 115.22 | 3,704,396 | US$5,402m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 123.85 | 3,982,028 | US$5,805m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,478 | US$666m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.51 | 1,559,662 | US$2,236m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,958 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.516 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 125.24 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,162.45 - No change from yesterday’s data.
The Miners:
Gammon’s (GRS) drill results, Timberline’s (TLR) drill results, Nevsun’s (NSU) operating highlights, Minefinders (MFN) first quarter production and sales results, Bear Creek’s (BCM.V) exploration update, and Golden Minerals’ (AUMN) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Richmont | RIC +9.81% $7.61 |
2. Nevsun | NSU +5.09% $6.61 |
3. Mag Silver | MVG +4.96% $13.75 |
LOSERS
1. Great Panther | GPL -3.88% $3.96 |
2. Cardero | CDY -3.66% $1.84 |
3. Minco Gold | MGH -3.24% $2.39 |
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:
Golden Queen Announces Updated Feasibility Study for Soledad Mountain Project - More
- April 06, 2011 | Item | ShareThis
Prosperity Goldfields Completes $4.6 Million Financing - More
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Robex Provides Wells With Potable Water for the Villages of Nampala and Djikouna - More
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Globex Signs LOI on Magusi Mine Property Package - More
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Argus Proposes to Extend Warrants - More
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Golden Reign Resources Ltd.: Mina Francisco Returns 9.0 Metres of 15.23 g/t Gold, 9.7 g/t Silver - More
- April 06, 2011 | Item | ShareThis
Choice Gold Corp. Outlines Exploration Plans for Sugarloaf Peak Gold Property - More
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White Mountain Completes In-Fill Drilling Program and Signs Fourth LOI Off-Take Agreement. - More
- April 06, 2011 | Item | ShareThis
Oceanic Iron Ore Corp. Announces Commencement of 2011 Drill Program - More
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ICN Resources Appoints Technical Advisor and Grants Stock Options - More
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Claim Post Resources Intersects a New Gold Bearing Porphyry System on the Dayton-Racetrack Property-Timmins - More
- April 06, 2011 | Item | ShareThis
Goldstone Reports Updated NI 43-101 Resource for Hardrock Project - More
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Laurion Reports Initial NI43-101 Mineral Resource Estimate of 9,761,000 Tonnes Hosting Measured & Indicated Resource of 165,018 Oz Gold and 5,533,907 Oz Silver - More
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Galantas Appoints Investor Relations Consultant and Grants Stock Options - More
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Robex Provides Wells With Potable Water for the Villages of Nampala and Djikouna - More
- April 06, 2011 | Item | ShareThis
Crystallex Receives Delisting Notification From NYSE Amex - More
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Golden Fame Signs Letter of Intent to Option Algun Dia Project in Guanajuato, Mexico - More
- April 06, 2011 | Item | ShareThis
Sedex Mining Corp.: Tannahill Gold Project 2010-2011 Drilling Update - More
- April 06, 2011 | Item | ShareThis
ValGold Reports on Annual General Meeting; Appointment of Investor Relations Service Provider; Grant of Stock Options and Appointment of New Director - More
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Golden Share IP Survey Defines Drill Targets on Elwood in Shebandowan Belt, Ontario, Canada - More
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Argentum Completes Due Diligence on Soltoro Silver-Gold Projects in Jalisco, Mexico - More
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Study Reveals High Concentrations of Lithium in Lithium Exploration Group Aquifer - More
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Carpathian Receives Positive Feasibility Study and Announces Construction Decision for Its RDM Gold Project, Brazil - More
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Magma Metals Limited: Griffins Find Gold Project-Exploration Update - More
- April 06, 2011 | Item | ShareThis
Dorato Receives Positive Lucero Drill Results, 28 Metres Grading 1.26 g/t Gold and 0.63% Copper; $3.4 Million Dorato Common Share Purchase Warrants Exercised - More
- April 06, 2011 | Item | ShareThis
Galliard Signs Letter Agreement to Earn a 70% Interest in the Beatons Creek Gold Project - More
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Coyote Resources Inc. to Be Included in the Standard & Poor's Market Access Program - More
- April 06, 2011 | Item | ShareThis
Klondex Closes U.S. $20 Million Secured Facility to Advance Underground Development of High-Grade Nevada Gold Project - More
- April 06, 2011 | Item | ShareThis
Avino Sells First 200 Tonnes of Concentrate From San Gonzalo Bulk Sample Program - More
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Gammon Gold Reports High-Grade Discovery at La Balleza Vein in Venus Project: 0.6m grading 62.20 grams per tonne Gold and 2700 grams per tonne Silver - "We are very encouraged by the early drilling results our Venus Project, which lies three kilometres directly north of the Ocampo Mine Properties. The surface work completed to date has shown that there are multiple veins outcropping with locally very high grades on surface. Results from three holes drilled on the La Balleza Vein have reported some very high gold and silver grades on two of those holes." stated Peter Drobeck, Senior Vice President of Exploration and Business Development. He continued, "As well as the high-grade discoveries at La Balleza, we are also encouraged by the surface geology and initial drilling results from the Santo Nino Vein, located a kilometre south of La Balleza. This vein is locally up to 30 metres wide of banded and brecciated calcite - quartz, has been traced for 2.4 kilometres along strike and has shown highly anomalous surface sample values up to 49.80 grams per tonne gold." More
- April 06, 2011 | Item | ShareThis
Metanor Obtains Environmental Permit - More
- April 06, 2011 | Item | ShareThis
Merrex Gold Begins Exploration on the Kakadian Permit, West Mali - More
- April 06, 2011 | Item | ShareThis
Bravo Doubles the Resource of the Homestake Silver Deposit at Homestake Ridge - More
- April 06, 2011 | Item | ShareThis
Selwyn Announces Scotia Mine Mineral Resources - More
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Advanced Explorations' Updated Resource Report Moves 60% of Resource from Inferred Into Indicated Category - More
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Anooraq announces CEO transition - More
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Uranium Energy Corp Reports Continuation of Strong Phase-One Drill Results at Salvo Project in South Texas - More
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Lago Dourado Provides Update: Expands Phase I Drill Campaign at Juruena Gold Project, Appoints IR Consultant, Issues Options - More
- April 06, 2011 | Item | ShareThis
Century Estimates First Quarter Production and Discusses Peruvian Order Restricting San Juan Milling Operations - More
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Pacific Coast to Acquire the Burwash Property Next to Prophecy's Wellgreen - More
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Playfair Reports Initial Drill Results From Seal Lake - More
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Orezone Expands Board and Management Team - More
- April 06, 2011 | Item | ShareThis
Cadan Announces New CEO - More
- April 06, 2011 | Item | ShareThis
GoldSands Development Company's Test Production Begins - More
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Beaufield Continues Drilling, Expands Land Position in Key Areas and Updates Exploration Activities - More
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Avion Announces Production in Q1-20,270 Ounces - More
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Alexis Appoints Vice President, Quebec Operations - More
- April 06, 2011 | Item | ShareThis
Otis Identifies Two Additional Drill Targets at Kilgore; Announces 10,000 Metre Drill Program - More
- April 06, 2011 | Item | ShareThis
Formation Metals Cobalt Mine Commencement of Construction Targeted for Q2, 2011 - More
- April 06, 2011 | Item | ShareThis
New Pacific Closes Sale of XSK and HNK Gold-Polymetallic Projects in Guangdong, China - More
- April 06, 2011 | Item | ShareThis
Mustang Completes Additional Holes at New PGM Zone - More
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Exploration Activities Underway at Sama's Lola Project in Guinea, West Africa, and Warrants Exercised for Proceeds of Approximately $840,000 - More
- April 06, 2011 | Item | ShareThis
Lara Exploration Ltd.: Progress Report on the Curionopolis Iron Project in Brazil - More
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Canaco Increases Land Position in Tanzania by 1,200 Square Kilometres - More
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Bellhaven Drills Consecutive 200-Plus-Meter Intercept La Cantera, La Mina, Colombia - More
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Alamos Gold Reports First Quarter 2011 Operating Results, Provides Notice of First Quarter 2011 Financial Results Conference Call and AGM - More
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Candente Copper Commences Feasibility Study on the Canariaco Norte Copper Project - More
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Greystar Intercepts 1,805 g/t Silver, 5.09 g/t Gold and 0.83% Copper Over 2 Metres at La Plata - More
- April 06, 2011 | Item | ShareThis
Petaquilla Minerals Ltd. Enters Letter of Intent with Iberian Resources Corp. - More
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Minefinders Announces First Quarter 2011 Production and Sales Results - "The positive trend established in the fourth quarter 2010 has continued in the first quarter 2011, with our best ever quarterly production and sales performance from the Dolores Mine thus far," commented Mark Bailey, President and Chief Executive Officer. "Following two quarters of improving production and sales results, we are focused on ensuring this trend continues and on successfully executing our development and exploration plans for 2011." More
- April 06, 2011 | Item | ShareThis
Timberline Drills 10.2 Metres of 56.5 g/t Gold (33.6 Feet of 1.65 Opt) Including 1.5 Metres of 357.9 g/t Gold (5 Feet of 10.45 Opt) at Butte Highlands - "Timberline Resources Corporation (TSX-V:TBR - News)(AMEX:TLR - News) ("Timberline" or the "Company") today announced results from underground drilling at the Butte Highlands Gold Project in southwestern Montana, including Hole BHUG-006 which returned 33.6 feet (10.2 metres) grading 1.65 ounces per ton (opt) (56.5 grams per tonne (g/t)) gold, including a 5-foot (1.5 metre) interval grading 10.45 opt (357.9 g/t) gold." More
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Nevsun Q1 2011 Operating Highlights - "Nevsun Resources Ltd. (TSX:NSU - News)(AMEX:NSU - News) is pleased to announce the Bisha mine in Eritrea processed 461,000 tonnes of ore yielding 75,000 ounces of gold in dore in Q1 2011, during the same period it was ramping up to commercial production. Nevsun has accumulated significant cash during Q1, with a cash balance of $100 million as of March 31, 2011." More
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Bear Creek Provides Update on its Exploration Programs Including Two New Acquisitions, Peru - "Bear Creek Mining (TSX Venture:BCM.v - News) ("Bear Creek" or the "Company") is pleased to provide updates on its exploration programs in Peru. The Company maintains an aggressive generative exploration program while advancing the development of two new major silver mines, Santa Ana and Corani. The four prospects described in this update range from an advanced Phase II drilling program at Tassa to new acquisitions and discoveries." More
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Golden Minerals Provides an Update on the Development Drift at El Quevar and Reports Additional High Grade Drill Intercepts - "Golden Minerals Company (AMEX:AUMN - News) (TSX:AUM - News) ("Golden Minerals" or "the Company") today provided an update on the progress of underground development drifting at the El Quevar project and also announced additional high grade intercepts at holes drilled on the El Quevar Yaxtché deposit. The El Quevar project is located in the Salta Province in northwestern Argentina." More
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- Chris Mullen, Gold Seeker Report
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-- Posted 6 April, 2011 | |
