-- Posted 7 April, 2011 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $1458.00 | +$1.50 |
Silver | $39.52 | +$0.19 |
XAU | 226.00 | +0.45% |
HUI | 595.73 | -0.24% |
GDM | 1737.25 | -0.30% |
JSE Gold | 2819.62 | -31.78 |
USD | 75.57 | +0.03 |
Euro | 143.03 | -0.30 |
Yen | 117.77 | +0.75 |
Oil | $110.30 | +$1.47 |
10-Year | 3.555% | +0.010 |
T-Bond | 118.62625 | -0.3125 |
Dow | 12409.49 | -0.14% |
Nasdaq | 2796.14 | -0.13% |
S&P | 1333.51 | -0.15% |
Foreign Gold Prices |
| CAD | |
| EUR | |
| GPB | |
| JPY | |
| CHF | |
| USD | |
The Metals:
Gold rose to a new all-time high of $1464.75 by a little before 10AM EST before it fell back off into the close, but it still ended with a gain of 0.1%. Silver climbed to as high as $39.673 before it also fell back off in late trade, but it still ended with a gain of 0.48% and made a new 31-year closing high.
Euro gold climbed back over €1020, platinum lost $6.50 to $1781.50, and copper gained another 5 cents to about $4.42.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 4/02 | 382K | 386K | 392K |
Consumer Credit | Feb | $3.8B | $2.5B | $2.2B |
Mood sours as Congress seeks budget deal Reuters
Rate on 30-year fixed mortgage rises to 4.87 pct. Yahoo
U.S. Regional Mall Vacancies Are Highest in at Least a Decade Bloomberg
Tomorrow at 10AM EST brings the Wholesale Inventories report for February expected at 1.0%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil topped $110 a barrel on worries over possible unrest in Nigeria.
The U.S. dollar rose versus the euro after Trichet did not make it clear that more interest rate hikes are coming from the European Central Bank following the widely expected hike that was announced this morning, but gains for the dollar index were very limited by the close due to worries over Japan that sent the yen higher.
Treasuries fell following the ECB announcement.
The Dow, Nasdaq, and S&P fell on worries over impacts from another earthquake off the coast of Japan, but reports of any damage so far are very limited and stocks ended off their midday lows.
Among the big names making news in the market today were GE, Lehman Brothers, Dish and Blockbuster, Victoria’s Secret, Costco, and Valeant.
GATA Posts:
On CNBC Asia, Ben Davies explains why gold is better than gold ETFs
Maybe the Fed could persuade the LBMA to get into corn storage ...
Adrian Douglas: Bullion bank trading -- a closely guarded secret
Lew Rockwell: Use the dollar or else
Sean Fieler and Jeffrey Bell: Our unaccountable Fed
The Statistics:
Activity from: 4/06/2011
Gold Warehouse Stocks: | 11,010,818 | -21,750 |
Silver Warehouse Stocks: | 104,681,131 | -205,562 |
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 | 1205.467 | 38,756,955 | US$56,541m |
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$5,400m |
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$5,804m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,473 | 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 subtracted 7.278 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:
Almaden’s (AAU) drill results, Buenaventura’s (BVN) mine strike, Newmont’s (NEM) plans to increase gold production, Aurcana’s (AUN.V) first quarter production, and First Majestic’s (AG) first quarter production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Minco Gold | MGH +4.60% $2.50 |
2. Kimber | KBX +4.40% $1.90 |
3. Great Panther | GPL +4.04% $4.12 |
LOSERS
1. Claude | CGR -7.19% $2.58 |
2. Golden Minerals | AUMN -5.31% $21.40 |
3. Midway | MDW -5.12% $2.04 |
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:
Amerix Shareholders Approve Special Resolution Authorizing Consolidation of Common Shares and Elect Additional Director - More
- April 07, 2011 | Item | ShareThis
Diamond Frank Shareholders Approve Resolutions at the 2011 Annual Meeting - More
- April 07, 2011 | Item | ShareThis
China Minerals Announces Grant of Options - More
- April 07, 2011 | Item | ShareThis
Arehada Subject to Temporary Cease Trade Order - More
- April 07, 2011 | Item | ShareThis
Amex Closes Additional $250,000 Private Placement - More
- April 07, 2011 | Item | ShareThis
White Tiger Gold Announces Discovery of New Gold Mineralization Zone - More
- April 07, 2011 | Item | ShareThis
Hard Creek Nickel Corporation: Metallurgical Tests for Cliff Zone Show Significant Nickel and PGE Concentrate Grades - More
- April 07, 2011 | Item | ShareThis
Andover Ventures Inc.: Kennecott Reports on Exploration Activities at Big Hill Property, East Tintic District, Utah - More
- April 07, 2011 | Item | ShareThis
Harmony Enters Into Definitive Option Agreement With ECI Exploration and Mining Inc. and Completes NI 43-101 Report on the Purisima Project - More
- April 07, 2011 | Item | ShareThis
Amarillo Gold Completes Definition Drilling at Mara Rosa Gold Project in Brazil and Reports Results from 4 Holes-Including 7m @ 6.36 g/t Au Intercept - More
- April 07, 2011 | Item | ShareThis
Nuinsco Drilling Continues to Intersect Uranium at Diabase Peninsula Project - More
- April 07, 2011 | Item | ShareThis
Cascadero Copper Corporation Grants Stock Options - More
- April 07, 2011 | Item | ShareThis
Shield Gold Announces Non-Brokered Private Placement - More
- April 07, 2011 | Item | ShareThis
Channel Resources Reports Metallic Screen Assay Results From Tanlouka Gold Project, Burkina Faso - More
- April 07, 2011 | Item | ShareThis
Drilling Intersects 3.47 g/t Gold Over 48.50 m at Almaden's Caballo Blanco Project, Mexico - "We are very pleased to receive these new results from Goldgroup's on-going drill program at Caballo Blanco. The Caballo Blanco and nearby El Cobre projects are both underexplored and highly prospective projects in our portfolio. We are excited with Goldgroup's plans for Caballo Blanco and look forward to reporting results as they are received." More
- April 07, 2011 | Item | ShareThis
Malbex Warrants to Expire April 29, 2011 - More
- April 07, 2011 | Item | ShareThis
Aurcana Announces Record Silver Production, La Negra Production Expansion and Shafter Construction on Target - "Aurcana Corporation ("Aurcana" or the "Company") (TSX-V:AUN - News) is pleased to report that the 2011 first quarter production figures for the La Negra mine in Mexico confirmed record silver production and La Negra is on track for a record year." More
- April 07, 2011 | Item | ShareThis
Decade Resources Ltd.: Blackwater Area Claims Acquired - More
- April 07, 2011 | Item | ShareThis
Mountain Boy Minerals Ltd.: Blackwater Area Claims Acquired - More
- April 07, 2011 | Item | ShareThis
Sphere Resources Inc. Completes Induced Polarization Geophysical Work at the Dome Property in Red Lake, Ontario and Plans Phase 1 Drill Program - More
- April 07, 2011 | Item | ShareThis
Prospero Silver Retains Investor Relations Consultant - More
- April 07, 2011 | Item | ShareThis
Mesa Exploration Acquires Potash Projects - More
- April 07, 2011 | Item | ShareThis
Dalradian Continues to Extend Veins Along Strike and Down Dip at Curraghinalt; Drills 2.54 Metres Grading 20.61 g/t Gold - More
- April 07, 2011 | Item | ShareThis
Globex Mining Enterprises Inc.: Tonnage Increases Significantly at Bell Mountain Gold Property - More
- April 07, 2011 | Item | ShareThis
Claim Post Resources Inc. Retains RBL Communications and Commences Social Media Program - More
- April 07, 2011 | Item | ShareThis
Northern Gold and ValGold Announce Agreement to Consolidate 100% Ownership of Garrison Property - More
- April 07, 2011 | Item | ShareThis
Bison Gold Resources Inc. Increases Drilling Program from 5,000 Metres to 10,000 Metres on the Central Manitoba Property, Announces Appointment of Gene McLean - More
- April 07, 2011 | Item | ShareThis
Commander Plans 2011 Exploration Program - More
- April 07, 2011 | Item | ShareThis
Frontline Gold Adds Darryl Sittler as an Independent Director to Board - More
- April 07, 2011 | Item | ShareThis
Golden Valley Mines Ltd.: Optioned and/or Joint Ventured Project Highlights and Outlook - More
- April 07, 2011 | Item | ShareThis
Buenaventura Announces Strike by Contractor Workers at the Uchucchacua Mine - "Compania de Minas Buenaventura S.A.A. ("the Company" or "Buenaventura") (NYSE:BVN - News), Peru's largest publicly-traded precious metals mining company announced today that Contractors at the Uchucchacua Mine commenced a strike related to several labor claims, but were mainly focused on the surrounding Oyon Community's interests." More
- April 07, 2011 | Item | ShareThis
Adventure Gold Intersects 12.9 g/t Au Over 8 Metres at Pascalis Colombiere Property in Val d'Or East Area - More
- April 07, 2011 | Item | ShareThis
Frontline Gold Makes a Gold Discovery, Completes RC Drilling Program and Resumes Diamond Drilling at Niaouleni, Mali - More
- April 07, 2011 | Item | ShareThis
Mexivada Options Additional 5% Interest in Poker Flats and Ziggurat Projects to Spartan Gold Ltd; Augments Mexivada Cashflow Model - More
- April 07, 2011 | Item | ShareThis
Rio Cristal Updates Status of Its Projects - More
- April 07, 2011 | Item | ShareThis
Alto Group Holdings Announces Approval of Commercial Exploitation License of Bouge Gold Project - More
- April 07, 2011 | Item | ShareThis
Lions Gate Metals Inc. Appoints Mr. John Tapics to the Board - More
- April 07, 2011 | Item | ShareThis
Argonaut Gold Begins Resource Expansion Drilling at the La Colorada Project, Sonora, Mexico - More
- April 07, 2011 | Item | ShareThis
Zinccorp Options ET Claims in the Mayo Mining District in Yukon - More
- April 07, 2011 | Item | ShareThis
Galliard Resources Corp. Appoints New Officer - More
- April 07, 2011 | Item | ShareThis
African Gold Group: KBRC11-025 Hits 10 m of 5.7 g/t Au & 15 m of 4.79 g/t Au; KBRC11-008 Hits 3 m of 42.4 g/t Au; KBRC11-001 Hits 3 m of 29.7 g/t Au in North - More
- April 07, 2011 | Item | ShareThis
Atna Announces Expansion of Deep Briggs Zone - More
- April 07, 2011 | Item | ShareThis
Volcanic to Review Strategic Alternatives - More
- April 07, 2011 | Item | ShareThis
Bravada Closes First Tranche of Financing - More
- April 07, 2011 | Item | ShareThis
Abzu Gold Acquires Rights to the U&N Concession in the Ashanti Region of Ghana - More
- April 07, 2011 | Item | ShareThis
Columbus Gold Encounters Additional Gold Intercepts in Drilling at Weepah Project, Nevada - More
- April 07, 2011 | Item | ShareThis
3D Animation Featuring 2010 Resources at the Kipawa HREE-Y-Zr Deposit Available on Matamec's Website - More
- April 07, 2011 | Item | ShareThis
Laurentian Goldfields Ltd. Commences Drill Program at Thundercloud Project - More
- April 07, 2011 | Item | ShareThis
Ivernia Provides Update on Operations at the Magellan Mine - More
- April 07, 2011 | Item | ShareThis
United Reef Releases Results and Terminates Option on Nixon Bartleman Property, West Timmins Area - More
- April 07, 2011 | Item | ShareThis
Pacific Rim Mining Undertaking Financing - More
- April 07, 2011 | Item | ShareThis
Puma Exploration: Silver and Gold Intersected in the First Six Holes Drilled in 2011 at Nicholas-Denys, Bathurst Mining Camp, New Brunswick - More
- April 07, 2011 | Item | ShareThis
Rodinia Lithium Retains Services of Former FMC Lithium Division Manager, New Resources & Process Development - More
- April 07, 2011 | Item | ShareThis
Quaterra Plans Additional Drilling at Willow Creek Molybdenum Prospect, Montana - More
- April 07, 2011 | Item | ShareThis
Barkerville Provides Update on the Permitting of the Bonanza Ledge Mine - More
- April 07, 2011 | Item | ShareThis
Crosshair Announces Plans for Bootheel - More
- April 07, 2011 | Item | ShareThis
Anfield Intersects 22.1 Meters Grading 2.52% Nickel, Including 11.4 Meters Grading 3.03% Nickel at Its Mayaniquel Project, Guatemala - More
- April 07, 2011 | Item | ShareThis
NQ Exploration Inc./Carheil Project: Silver Zones Confirmed and GOLD-SILVER Zone Discovered at Depth - More
- April 07, 2011 | Item | ShareThis
Lumina Intersects 318 Meters Grading 0.95% Copper Equivalent at Taca Taca Copper-Gold-Molybdenum Project, Argentina - More
- April 07, 2011 | Item | ShareThis
Strategic Mining Announces New Plans for Drill Program in Vietnam and Initiates Correction With FINRA to Remove "E" From Trading Symbol - More
- April 07, 2011 | Item | ShareThis
Santa Fe Gold Announces Research Coverage - More
- April 07, 2011 | Item | ShareThis
NEVADO Intersects Up to 62.6 Metres Grading 59.8% Fe2O3 (41.8% FeT), 17.9% TiO2 and 0.08% V2O5 From the Farrell-Taylor Occurrence On-Going Diamond Drilling - More
- April 07, 2011 | Item | ShareThis
San Gold Corporation - 007 East Zone Expands Along Shoreline Basalt - More
- April 07, 2011 | Item | ShareThis
Western Copper Announces Updated Pre-Feasibility Study on Casino Project - More
- April 07, 2011 | Item | ShareThis
Eurasian Minerals and Vale Exploration Canada Sign Regional Acquisition Agreement for Copper Projects in the Western United States - More
- April 07, 2011 | Item | ShareThis
Willow Creek Signs LOI for New Mining Claims in Nevada - More
- April 07, 2011 | Item | ShareThis
Quantum Moves Head Office, Commences Airborne Survey - More
- April 07, 2011 | Item | ShareThis
American Manganese Engages Kemetco for Research on Lithium Manganese Oxide Battery Technology - More
- April 07, 2011 | Item | ShareThis
Spartan Gold Ltd. Increases Stake in Nevada Gold Properties to 75% Net Working Interest - More
- April 07, 2011 | Item | ShareThis
Northland Appoints Anders Antonsson as Vice President, Investor Relations - More
- April 07, 2011 | Item | ShareThis
Serabi Mining plc ("Serabi" or "the Company") First Drill Test of Geophysical Targets at Piaui Intersects Significant Gold Mineralisation - More
- April 07, 2011 | Item | ShareThis
Petaquilla Gold, S.A.-Largest Exporter in Panama - More
- April 07, 2011 | Item | ShareThis
First Majestic Silver Corp.: Silver Production Up 25%; Reaches 97% Pure Silver and Maintains Status as "Purest Silver Company in the World" - "First Majestic Silver Corp. (TSX:FR - News)(AMEX:AG - News)(Frankfurt:FMV - News)(WKN: A0LHKJ) ("First Majestic" or the "Company") is pleased to announce that production in the first quarter of 2011 reached 1,825,366 equivalent ounces of silver, representing a 13% increase over the 1,619,403 equivalent ounces of silver produced in the first quarter of 2010. Production during the quarter consisted of 1,769,209 ounces of silver, making First Majestic's first quarter production 97% pure silver, the highest in the silver mining industry." More
- April 07, 2011 | Item | ShareThis
Newmont Announces Plan to Increase Annual Gold Production to Approximately 7 Million Ounces by 2017 - "Newmont Mining Corporation (NYSE:NEM - News) will discuss today at its annual Investor Day conference the comprehensive plan for the development of its current global portfolio of assets that would increase annual gold production to approximately 7 million ounces by 2017. This production target represents a potential aggregate increase of approximately 35% in anticipated 2017 annual production from the Company's previously announced 2011 attributable gold production outlook of 5.1 to 5.3 million ounces. The Company also announced a new dividend policy that will link its quarterly dividend payment to Newmont's average realized price of gold sales." More
- April 07, 2011 | Item | ShareThis
Pilot Gold Announces Listing on the TSX - More
- April 07, 2011 | Item | ShareThis
Victory Gold Mines Inc. Closes on $490,500 Common Share Units and Flow-Through Financing - More
- April 07, 2011 | Item | ShareThis
Commander Appoints New Vice President of Exploration - More
- April 07, 2011 | Item | ShareThis
Gowest Announces Name Change - More
- April 07, 2011 | Item | ShareThis
Sanatana Diamonds Inc.: Result of Special Meeting - More
- April 07, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 7 April, 2011 | |