-- Posted 16 May, 2011 | |
| Close | Gain/Loss |
Gold | $1490.70 | -$2.70 |
Silver | $34.13 | -$0.91 |
XAU | 195.36 | +0.05% |
HUI | 518.38 | +0.54% |
GDM | 1510.25 | +0.50% |
JSE Gold | 2574.46 | -4.32 |
USD | 75.51 | -0.27 |
Euro | 141.78 | +0.63 |
Yen | 123.85 | +0.24 |
Oil | $97.37 | -$2.28 |
10-Year | 3.149% | -0.038 |
T-Bond | 124.96875 | +0.53125 |
Dow | 12548.37 | -0.38% |
Nasdaq | 2782.31 | -1.63% |
S&P | 1329.47 | -0.62% |
The Metals:
Gold fell to $1488.45 in Asia before it climbed to as high as $1504.30 in New York, but it then fell back off a bit in the last couple of hours of trade and ended with a loss of 0.18%. Silver fell to $34.03 in London before it rallied to as high as $35.285 in New York, but it also fell back off in late trade and ended with a loss of 2.6%.
Euro gold fell to about €1050, platinum lost $13.50 to $1751.50, and copper rose a few cents to about $4.01.
Gold and silver equities rose over 2% by midmorning before they fell back off a bit, but they still ended slightly higher.
The Economy:
Report | For | Reading | Expected | Previous |
Empire Manufacturing | May | 11.9 | 18 | 21.7 |
Net Long-Term TIC Flows | Mar | $24.0B | - | $27.2B |
NAHB Housing Market Index | May | 16 | 16 | 16 |
Debt limit reached, US halts 2 pension investments Yahoo
Tomorrow at 8:30AM EST brings Housing Starts for April expected at 563,000 and Building Permits expected at 590,000. At 9:15 is Industrial Production for April expected at 0.5% and Capacity Utilization expected at 77.7%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on easing worries over the impacts of flooding in the Gulf area.
The U.S. dollar index fell as the euro rose on hopes that the EU will support another bailout package for Greece.
Treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower on poor earnings reports.
Among the big names making news in the market today were RIM, Nasdaq, Goldman Sachs, Lowe’s, and Yahoo.
GATA Posts:
Smashdowns are seen as weakness of the precious metals bears
Gold-coin sales reaching one-year high signal no end to rally
U.S. should sell assets like gold to cut debt, conservative economists say
IMF to sell gold to raise bail for Strauss-Kahn
Zimbabwe's central banker urges gold-backed Zimbabwe dollar
Anybody else want to run the IMF?
Issue No. 5 of the Gold Standard Institute's newsletter
The Statistics:
Activity from: 5/13/2011
Gold Warehouse Stocks: | 11,156,908 | +2,047 |
Silver Warehouse Stocks: | 100,906,732 | -194,166 |
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 | 1192.253 | 38,332,127 | US$57,515m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 115.35 | 3,708,632 | US$5,531m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 115.36 | 3,708,882 | US$5,549m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,264 | US$682m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.58 | 1,594,099 | US$2,374m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,956 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.91 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 136.00 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,534.41: +18.2 change from yesterday’s data.
The Miners:
Gammon’s (GRS) name change, Great Basin’s (GBG) new directors, Brigus Gold’s (BRD) proxy alert, United Mining’s (UMG.TO) strike extension, South American’s (SAC.TO) Economic Assessment and Resource Estimate Report and Appointment of VP Operations, and First Majestic’s (AG) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +4.49% $2.79 |
2. Aurizon | AZK +2.39% $5.57 |
3. IAMGOLD | IAG+2.03% $19.14 |
LOSERS
1. Revett | RVM -15.58% $3.63 |
2. Minco Gold | MGH -12.76% $1.71 |
3. Great Panther | GPL -9.65% $2.81 |
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:
ValGold and Northern Gold Close Garrison Property Sale - More
- May 16, 2011 | Item | ShareThis
Western Copper Files Casino Pre-Feasibility Study Technical Report - More
- May 16, 2011 | Item | ShareThis
Dawson Gold Announces Toro Project Summer 2011 Program Preparations Complete - More
- May 16, 2011 | Item | ShareThis
American Manganese Purchases Manganese Properties - More
- May 16, 2011 | Item | ShareThis
Apella Resources Inc.: Drill Program Update, Iron-T Vanadium-Iron-Titanium Project - More
- May 16, 2011 | Item | ShareThis
Abcourt Mines Inc.: Additional Excellent Drilling Results Obtained at the Eastern End of Elder Mine and a New Mineralized Zone Discovered 165 Meters Below - More
- May 16, 2011 | Item | ShareThis
Adroit Applies for Antimony Drilling Permit, Appoints Independent Resource Calculation Consultant and Field Work Update - More
- May 16, 2011 | Item | ShareThis
Ecometals Announces Start of Shallow Diamond Drilling Programme, Rio Zarza Gold Project Ecuador - More
- May 16, 2011 | Item | ShareThis
Trueclaim Intersects 9.44 Metres of 2.54 g/t Au at the Scadding Gold Project - More
- May 16, 2011 | Item | ShareThis
United Mining Group Confirms Strike Extension at Crescent Silver Mine Project - "United Mining Group, Inc. ("UMG" or the "Company") (TSX:UMG - News)(OTCQX: UMGZF)(Frankfurt:UM8 - News) is pleased to announce that its previously reported $4.3 million drilling program has received initial results from the Alhambra Zone on its surface program at the Crescent Silver Mine project, located near Kellogg, Idaho. Surface drilling for the lateral extension of the South Zone has commenced and underground exploration drilling on the vertical South Zone is scheduled to commence in mid May." More
- May 16, 2011 | Item | ShareThis
Otterburn Commences Phase 1 Exploration - More
- May 16, 2011 | Item | ShareThis
Positive Feasibility Study for the Hassai Mine: La Mancha Set to Boost Production by 2013 - More
- May 16, 2011 | Item | ShareThis
South American Silver Files Economic Assessment and Resource Estimate Report and Announces Appointment of VP Operations - "The Company is also pleased to announce the appointment of James Mallory as Vice President of Operations and Social Responsibility. Mr. Mallory brings over 33 years of mining industry experience in large-scale mine management, operations and construction in North and South America. Most recently, Mr. Mallory was Vice President at Silver Standard Resources working with its start-up Pirquitas silver mine in Argentina, as well as at its advanced development projects in Peru and Mexico. Prior to that Mr. Mallory held management positions in operations and sustainable development with Barrick Gold (Placer Dome) and NovaGold." More
- May 16, 2011 | Item | ShareThis
Western Troy Completes Drilling Under Lake Chibougamau, Stakes Claims on Nickel Property, and Updates NI 43-101 Report on MacLeod Lake Project - More
- May 16, 2011 | Item | ShareThis
Orezone Gold Corporation.: Brighton Energy Discovers Additional Uranium Mineralization in Niger - More
- May 16, 2011 | Item | ShareThis
Victoria Gold Reports Positive Drill Results from the Eagle Gold Deposit - More
- May 16, 2011 | Item | ShareThis
Choice Gold Corp. Stakes Additional Claims Adjacent to Sugarloaf Peak Gold Project - More
- May 16, 2011 | Item | ShareThis
Stellar Pacific Ventures Inc. Closes $ 686,000 Brokered Private Placement - More
- May 16, 2011 | Item | ShareThis
AM Gold Announces Updated Technical Report for Pinaya Property - More
- May 16, 2011 | Item | ShareThis
Great Quest Metals Ltd.: Annual General Meeting and New Director - More
- May 16, 2011 | Item | ShareThis
GoldQuest Drilling Intercepts 29.0 Metres Grading 2.18 g/t Gold at Hondo Valle, 1.6 Kilometres North of Escandalosa Sur - More
- May 16, 2011 | Item | ShareThis
Dynasty Gold Announces a Private Placement to Raise $1,665,000 - More
- May 16, 2011 | Item | ShareThis
Riverside Resources Expands the Sugarloaf Peak Gold Project by 30% With Partner Choice Gold Corp. in Arizona, USA - More
- May 16, 2011 | Item | ShareThis
Lydian Announces Positive Results of Preliminary (Drill Limited) Open Pit Optimization Study; Confirms Robust Economics and Focusses Further Exploration - More
- May 16, 2011 | Item | ShareThis
Calibre Drills 10.60 Metres of 7.69 g/t Gold and 211.87 g/t Silver at the Riscos de Oro Gold-Silver Property - More
- May 16, 2011 | Item | ShareThis
13.9 g/t Gold & 353.3 g/t Silver Intercepted Over 4.5 Metres in 17 East Extension Zone - More
- May 16, 2011 | Item | ShareThis
Century Engages Terre Partners as Investor Relations Consultants - More
- May 16, 2011 | Item | ShareThis
Platinum Group Metals Ltd. Announces Acceptance of Western Bushveld Joint Venture (WBJV) Mining Rights Application - More
- May 16, 2011 | Item | ShareThis
Entourage Metals Closes $1 Million Private Placement with Kinross Gold - More
- May 16, 2011 | Item | ShareThis
Zone Resources Inc. Plans to Conduct Airborne over its Land Position in the Labrador Trough, Quebec - More
- May 16, 2011 | Item | ShareThis
Huldra Silver Inc. Announces 2011 Exploration Plans for Treasure Mountain - More
- May 16, 2011 | Item | ShareThis
Soldi Ventures Inc. Expands the Golden Bullet Project in Newfoundland - More
- May 16, 2011 | Item | ShareThis
Brazilian Gold Makes Significant New Discovery-Substantial Gold Mineralization Revealed from Phase One Drilling at Rio Novo Project, Brazil - More
- May 16, 2011 | Item | ShareThis
Platinex Vests Interest in Shining Tree Property - More
- May 16, 2011 | Item | ShareThis
Prominex Resource Corp.: Annual General Meeting Results - More
- May 16, 2011 | Item | ShareThis
Siberian Energy Group Acquires Molybdenum-tungsten Deposit - More
- May 16, 2011 | Item | ShareThis
Cerro Resources NL: Kalman JV Restructure and Farm-Out to Syndicated Metals to Advance Project - More
- May 16, 2011 | Item | ShareThis
Loncor Continues To Drill High Grade Gold Intersections At Its Makapela Prospect, Ngayu Project - More
- May 16, 2011 | Item | ShareThis
Radius Samples 58.26 g/t Au and 1,937 g/t Ag over 5.1 m at Pino Zone, Guatemala - More
- May 16, 2011 | Item | ShareThis
Seymour Ventures Subsidiary Rare Earth Industries Acquires Lanthanum-Yttrium Exploration Property - More
- May 16, 2011 | Item | ShareThis
TNR Gold Granted Leave to Add New Claim Over Los Azules Project - More
- May 16, 2011 | Item | ShareThis
Axiom Gold and Silver Corp. Name Change - More
- May 16, 2011 | Item | ShareThis
Continental Nickel Mobilises for the Next Round of Drilling at the Nachingwea Nickel Sulphide Project in Tanzania - More
- May 16, 2011 | Item | ShareThis
Hondo Minerals Two Weeks From Production at Tennessee Mine in Chloride, Arizona - More
- May 16, 2011 | Item | ShareThis
Laramide Concludes Binding Joint Venture Term Sheet with Rio Tintoon Northern Territory Properties - More
- May 16, 2011 | Item | ShareThis
Mercer Gold Provides Update on Management and Board of Directors Changes, Operational Plans for Guayabales Gold Project and Corporate Restructuring - More
- May 16, 2011 | Item | ShareThis
U.S. Antimony Reports Q1 2011 Results and Mexican Mill Progress - More
- May 16, 2011 | Item | ShareThis
Serabi Mining plc: Financial Results for First Quarter 2011 and Management Discussion and Analysis - More
- May 16, 2011 | Item | ShareThis
Serabi Mining plc: Notice of Annual General Meeting and Special Meeting(1) - More
- May 16, 2011 | Item | ShareThis
Summer Drilling Program Commences at Thunder Bay North - More
- May 16, 2011 | Item | ShareThis
Champion Minerals Announces Appointment of Jean-Luc Chouinard as Director of Projects - More
- May 16, 2011 | Item | ShareThis
Lithium Americas Announces Financial and Operating Results For Fiscal 2011 - More
- May 16, 2011 | Item | ShareThis
Wallbridge Mining Intersects 30.33 g/t Total Precious Metals and 0.50% Copper at Broken Hammer - More
- May 16, 2011 | Item | ShareThis
Inca One Signs Option Agreement for the Las Huaquillas Gold-Copper Project in Peru - More
- May 16, 2011 | Item | ShareThis
Duluth Metals Appoints Lieutenant General John Sattler (USMC Ret.) and Mr. Edward M. Smith, CEO of Ullico to Board of Directors - More
- May 16, 2011 | Item | ShareThis
Torex Resumes Activities at Its Morelos Gold Project - More
- May 16, 2011 | Item | ShareThis
August Metal Corp.: Trench Results of 12m of 2.92g/t Gold and 4m of 202.5g/t Silver from Las Lajas Gold Project, Mexico. Follow-Up Diamond Drill Program - More
- May 16, 2011 | Item | ShareThis
Medusa Mining Limited: Copper Portfolio Update - More
- May 16, 2011 | Item | ShareThis
Gammon Gold Announces Corporate Name Change to AuRico Gold - "Over the past three years, the new management team has dedicated considerable effort in repositioning the Company for success. Today we are a leading intermediate gold and silver producer with a diversified portfolio of high quality mines and projects, an exciting growth profile and a strong balance sheet," said Rene Marion, President and CEO of Gammon Gold. "Our new name and logo reflect our renewed commitment as we build upon our successes and enrich shareholder value through continued operational excellence and growth. Management is extremely enthusiastic to launch our new name as it represents a new beginning and a new chapter in the Company's history." More
- May 16, 2011 | Item | ShareThis
Great Basin Gold Announces the Appointment of New Directors - "Great Basin Gold Ltd. ("Great Basin" or the "Company"), (TSX:GBG.to - News) (NYSE Amex: GBG) (JSE: GBG) today announced the appointment to the Board of three new Directors to its Board and one new director to the Board of its subsidiary, all effective May 5, 2011." More
- May 16, 2011 | Item | ShareThis
First Majestic Earns a Record $23.9 Million in First Quarter of 2011 - "First Majestic has experienced a new record for quarterly earnings for the first quarter of 2011 due to a 30% increase in average realized silver prices over the prior quarter and a 95% increase from the same quarter of 2010.Silver production in the first quarter remained steady at the same levels as the fourth quarter of 2010, which is up 25% over the first quarter of 2010." More
- May 16, 2011 | Item | ShareThis
Brigus Gold Announces ISS Recommends Approval of All of Brigus' Proxy Proposals - "Brigus Gold Corp. (“Brigus” or the “Company”) (TSX:BRD.to - News) (NYSE Amex: BRD) announces that Institutional Shareholder Services’ Proxy Advisory Services (“ISS”) has issued a Proxy Alert on May 13, 2011 recommending approval of all proxy items proposed at the Company’s Special and Annual Meeting of Shareholders on May 27, 2011." More
- May 16, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 16 May, 2011 | |
