-- Posted 19 May, 2011 | |
| Close | Gain/Loss |
Gold | $1492.00 | -$3.30 |
Silver | $34.90 | -$0.30 |
XAU | 198.54 | -0.05% |
HUI | 528.11 | +0.29% |
GDM | 1542.01 | +0.37% |
JSE Gold | 2564.17 | +20.93 |
USD | 75.10 | -0.31 |
Euro | 143.12 | +0.67 |
Yen | 122.62 | +0.23 |
Oil | $98.44 | -$1.66 |
10-Year | 3.171% | UNCH |
T-Bond | 124.625 | -0.09375 |
Dow | 12605.32 | +0.36% |
Nasdaq | 2823.31 | +0.30% |
S&P | 1343.60 | +0.22% |
The Metals:
Gold fell $9.10 to $1486.20 by late morning in New York before it rallied back higher in afternoon trade, but it still ended with a loss of 0.22%. Silver dropped to as low as $34.55 before it also bounced back higher in late trade, but it still ended with a loss of 0.85%.
Euro gold fell to about €1042, platinum lost $5 to $1761.50, and copper fell 5 cents to about $4.05.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 5/14 | 409K | 420K | 438K |
Existing Home Sales | April | 5.05M | 5.23M | 5.09M |
Philadelphia Fed | May | 3.9 | 18.0 | 18.5 |
Leading Indicators | April | -0.3% | 0.0% | 0.7% |
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil and the U.S. dollar index both fell after this morning’s round of poor economic data.
Treasuries fell as the Dow, Nasdaq, and S&P rose on LinkedIn's strong debut.
Among the big names making news in the market today were 3M, Takeda, Glencore, LinkedIn, Chrysler, and MF Global.
GATA Posts:
Silver crash not a correction but a 'drive-by shooting'
The Statistics:
Activity from: 5/17/2011
Gold Warehouse Stocks: | 11,159,842 | -514 |
Silver Warehouse Stocks: | 100,508,014 | -678,863 |
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 | 1191.344 | 38,302,887 | US$57,172m |
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$5,535m |
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$5,535m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,248 | US$682m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.58 | 1,594,029 | US$2,392m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,956 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.909 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 135.36: -0.64 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,446.43: -40.95 change from yesterday’s data.
The Miners:
Jaguar’s (JAG) exploration update, Allied Nevada’s (ANV) drill results, Gold Fields’ (GFI) earnings, Pan American’s (PAAS) dividend, ECU Silver’s (ECU.TO) drilling, and Kimber’s (KBX) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Kimber | KBX +4.88% $1.29 |
2. Gold Reserve | GRZ +4.00% $1.82 |
3. DRDGOLD | DROOY+3.58% $5.21 |
LOSERS
1. Vista Gold | VGZ -7.31% $2.79 |
2. Mines MGMT | MGN -5.69% $1.99 |
3. Entree | EGI -3.73% $2.32 |
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:
Harvest Gold Corporation: Rosebud Drilling Near Completion - More
- May 19, 2011 | Item | ShareThis
Cadillac Retains Investor Relations Consultant - More
- May 19, 2011 | Item | ShareThis
Bellhaven Announces Closing of $5 Million Private Placement - More
- May 19, 2011 | Item | ShareThis
Tiex - Board of Directors Change - More
- May 19, 2011 | Item | ShareThis
Esperanza Begins Drilling at Colqui Orcco Project, Peru - More
- May 19, 2011 | Item | ShareThis
Venerable Ventures Ltd. Announces Completion of Qualifying Transaction and Financing - More
- May 19, 2011 | Item | ShareThis
Creso Begins Drilling on the Matona, Porphyry Lake, Hare Lake, and Tyrrell Zones at the Shining Tree Project, Ontario - More
- May 19, 2011 | Item | ShareThis
Industrial Minerals Announces Date of Annual and Special Meeting - More
- May 19, 2011 | Item | ShareThis
Westridge Signs Letter of Intent to Option Charay Project - More
- May 19, 2011 | Item | ShareThis
GFN Announces the Completion of Phase 3 Drill Program at the Golden Rose - More
- May 19, 2011 | Item | ShareThis
Victoria Announces Grant of Stock Options - More
- May 19, 2011 | Item | ShareThis
Guyana Frontier Amends Guiana Shield Property Agreement to Include Otomung Gold Property - More
- May 19, 2011 | Item | ShareThis
Canarc Sells Relief Canyon Assay Lab to Great Basin Gold - More
- May 19, 2011 | Item | ShareThis
Providence Resources/Eagle Plains Resources Conduct Geophysical and Geochemical Surveys on the Iron Range Project - More
- May 19, 2011 | Item | ShareThis
Eastmain Resources Inc.: Clearwater Project-Drilling Update Quartz-Tourmaline Veins With Visible Gold - More
- May 19, 2011 | Item | ShareThis
Platinex Announces Initial Drill Results from Caswell Prospect - More
- May 19, 2011 | Item | ShareThis
Dalradian Appoints Lead Director - More
- May 19, 2011 | Item | ShareThis
3.1 km Long First Priority Target to Be Tested at Nicholas-Denys Puma's Silver Project, New Brunswick - More
- May 19, 2011 | Item | ShareThis
Queenston Intersects More High-Grade at Upper Beaver Including 24.6 g/t Au With 0.7% Cu Over 4.7 m - More
- May 19, 2011 | Item | ShareThis
White Tiger Gold Production Forecast for Savkino Project - More
- May 19, 2011 | Item | ShareThis
Metanor Resources Inc.: Encouraging Results on the New Gold Zone at Bachelor/Hewfran - More
- May 19, 2011 | Item | ShareThis
Corsa Announces Closing of the Casselman Mine Acquisition and the US$25 Million Credit Facility - More
- May 19, 2011 | Item | ShareThis
Sama Resources Expands Exploration and Resource Definition Work at the Samapleu Project. - More
- May 19, 2011 | Item | ShareThis
Drill Program Underway on Globex's Parbec Property to Test Near Surface Gold Mineralization - More
- May 19, 2011 | Item | ShareThis
Frontline Gold Corp.: New Gold Discovery and Resumption of Diamond Drilling at Niaouleni, Mali - More
- May 19, 2011 | Item | ShareThis
Trueclaim Exploration Inc. Closes $853,558.40 Financing - More
- May 19, 2011 | Item | ShareThis
Pacific Bay Minerals Ltd.: Strateco Completes Alfred Fault Drilling - More
- May 19, 2011 | Item | ShareThis
Prodigy Doubles In-Fill Drilling Program at Magino to More Than 40,000 Metres - More
- May 19, 2011 | Item | ShareThis
SearchGold Sells Remaining 27% Interest in Bakoudou-Magnima to Managem - More
- May 19, 2011 | Item | ShareThis
Savant Explorations Ltd.: Parbec Drill Program to Test Near Surface Gold Mineralization Underway - More
- May 19, 2011 | Item | ShareThis
Coastal Pacific Completes Preliminary Sampling Program on Santa Rita Property - More
- May 19, 2011 | Item | ShareThis
Olympus Drills 40 Meters at 4.69 Grams Gold/Tonne - More
- May 19, 2011 | Item | ShareThis
Siga Resources Announces Joint Venture on Lucky Thirteen Gold Project - More
- May 19, 2011 | Item | ShareThis
Brazilian Gold Announces the Substantial Expansion of Its Exploration Property Portfolio in the Tapajos Mineral Province, Brazil - More
- May 19, 2011 | Item | ShareThis
Metals Creek Continues to Expand Near Surface and Deeper Zones at Thomas Ogden Zone in Timmins, Ontario - More
- May 19, 2011 | Item | ShareThis
Oroco Initiates Related Party Transaction - More
- May 19, 2011 | Item | ShareThis
Athena Silver Corporation Announces Filing of S-1 Registration Statement by Magellan Gold Corporation - More
- May 19, 2011 | Item | ShareThis
Osisko Mining Corporation Acquires 9.2 Percent Stake in Threegold Resources Inc. - More
- May 19, 2011 | Item | ShareThis
Treasury Metals to Acquire Pico Machay Gold Project from Pan American Silver - More
- May 19, 2011 | Item | ShareThis
Batero Gold Drills Deepest Mineralized Intercept to Date in Vertical Hole Ending in Mineralization at 602.50 Metres - More
- May 19, 2011 | Item | ShareThis
Cadillac Intersects 33.40 Feet of 1.42% Cu at Depth at Thierry - More
- May 19, 2011 | Item | ShareThis
Ridgemont Commences Drilling at Redford - More
- May 19, 2011 | Item | ShareThis
Pershimco Advances Drilling and Sampling at Cerro Quema - More
- May 19, 2011 | Item | ShareThis
AuRo Resources and White Gold Enter into Definitive Agreement - More
- May 19, 2011 | Item | ShareThis
Golden Hope Mines Announces Its Spring Drill Campaign - More
- May 19, 2011 | Item | ShareThis
Hondo Minerals Purchases Over $500,000 of Additional Equipment for its Tennessee Mine Production Facility - More
- May 19, 2011 | Item | ShareThis
Cayden Options Nevada Silver-Gold Properties - More
- May 19, 2011 | Item | ShareThis
Red Pine Commences Exploration Program on SaraCourt Property West of Timmins - More
- May 19, 2011 | Item | ShareThis
Western Lithium Funded For Pre-Feasibility Study and Planned Demonstration Plant - More
- May 19, 2011 | Item | ShareThis
Champion Minerals Drilling at Lac Moire Property Identifies Significant New Iron Mineralization - More
- May 19, 2011 | Item | ShareThis
Drilling at Woodjam South (Southeast Zone) Yields 349.9 m Grading 0.33% Copper and 0.011% Molybdenum in the First Hole of the Planned 15,000 m Drilling Program - More
- May 19, 2011 | Item | ShareThis
Crocodile Gold to Host Conference Call to Introduce New President and CEO - More
- May 19, 2011 | Item | ShareThis
Wallbridge Mining Reports Significant Increase Grade and Tonnage from Broken Hammer Bulk Sample Blast Hole Assays - More
- May 19, 2011 | Item | ShareThis
Zincore In-Fill Drilling Continues to Successfully Intersect Higher Grade Zinc, Lead and Silver at Yanque Project in Peru - More
- May 19, 2011 | Item | ShareThis
Bard Begins Drilling on Lone Pine Molybdenum-Copper-Silver Project - More
- May 19, 2011 | Item | ShareThis
White Mountain Reports on Progress at the Cerro Blanco Project and Comments on Continuing Strength in Titanium Pigment and Feedstock Markets - More
- May 19, 2011 | Item | ShareThis
American Manganese Inc.: Update and Additional Drilling Planned on Arizona Manganese Project - More
- May 19, 2011 | Item | ShareThis
Drilling Intersects 453.2 metres averaging 0.72 g/t Gold, 3.2 g/t Silver and 0.12% Copper at Raintree West Prospect, Whistler Project, Alaska - More
- May 19, 2011 | Item | ShareThis
Dia Bras Initiates Sampling of the La India Area at Its Cusi Property and Reports Bonanza Grades of Silver - More
- May 19, 2011 | Item | ShareThis
Jaguar Mining Provides Exploration Update - "Jaguar's exploration effort during Q1 2011 focused on targets in and around its existing operations as follows: ore bodies A and B at the Turmalina mining complex, NW1 and NW3 targets at the Paciência mining complex and at the Pilar Mine at the Caeté mining complex. Significant intercepts of high grade gold mineralization have been confirmed at numerous zones in these brownfield targets. Jaguar also conducted exploration activities of the oxide zones at the Faina and Pontal targets near Turmalina. The Company has begun limited mining from these oxide zones and is processing the ore at the Turmalina Plant." More
- May 19, 2011 | Item | ShareThis
Pan American Silver Declares Second Quarterly Dividend of 2011 - "The cash dividend, in the amount of $0.025 per share, will be distributed on or about Wednesday, June 15, 2011, to holders of record of common shares as of the close of business on Tuesday, May 31, 2011. Specific distribution dates and amounts of future dividends will be determined by the Board on an ongoing basis." More
- May 19, 2011 | Item | ShareThis
ECU Silver Deep Drilling of Massive Sulphides has Reached Target Zone - "ECU Silver Mining Inc. (TSX:ECU - News) is pleased to report that the high-performance deep diamond drill has reached the high grade massive sulphide zone at its Velardena Property." More
- May 19, 2011 | Item | ShareThis
KIMBER INTERCEPTS 4 METRES OF 25 g/t GOLD AT CARMEN GOLD-SILVER DEPOSIT, MONTERDE PROJECT - "Kimber Resources Inc. (NYSE Amex:KBX) (TSX:KBR.to - News) is pleased to announce the results of a further 9 drill holes from its ongoing drill program at the Carmen Deposit at its Monterde Project in Mexico. Five of the drill holes (MTR-480, 481, 482, 490 and 491) were drilled to upgrade the confidence level of shallow mineral resources potentially amenable to open pit extraction ("Carmen Pit" targets), while the remaining holes were drilled with the objective of expanding and upgrading mineral resources potentially amenable to underground extraction ("Carmen Deep" targets), particularly on the main Carmen structure. The drilling of the Carmen Deep targets utilizes a combination of reverse circulation drilling at the top of the hole and diamond drilling in the lower part of the hole. The drilling continues to be successful with several high-grade intercepts returned from the main Carmen structure and associated hanging wall splays as well as the Hilos and Cob structures, within the Carmen deposit. Mineralization in the Carmen Deep areas is associated with moderate to strong silicification within a package of felsic to intermediate flows and pyroclastic rocks." More
- May 19, 2011 | Item | ShareThis
Allied Nevada Saddle Zone Delineation Drilling Continues to Expand the High-Grade Zone: Results Include 85 Meters of 3.0 g/t Gold and 102.9 g/t Silver - "Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV - News)(AMEX:ANV - News) is pleased to provide highlights from additional drilling in the area of the previously announced high-grade Saddle Zone at its wholly owned Hasbrouck Project, located five miles south of Tonopah, Nevada. A near-vertical hole, drilled south of discovery hole HSB11-019 and intended to test the depth and attitude of the high-grade zone, returned 85 meters of 3.0 g/t Au(1) and 102.9 g/t Ag(1) (5.3 g/t AuEq(2)) within a larger intercept of 188 meters grading 1.9 g/t Au and 62.3 g/t Ag (3.3 g/t AuEq). Hole HSB11-047 intersected 58 meters of 2.0 g/t Au and 34.7 g/t Ag (2.7 g/t AuEq) and extended the high-grade zone to the south. The zone remains open along a northeast-southwest trend and at depth and drilling will continue to identify the extents of this zone." More
- May 19, 2011 | Item | ShareThis
Gold Fields Limited : Costs Contained Despite Seasonal Decline in Production - "Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the March 2011 quarter of R1,100 million compared with a loss of R777 million in the December 2010 quarter and earnings of R316 million in the March 2010 quarter. In US dollar terms net earnings for the March 2011 quarter were US$158 million, compared with a loss of US$106 million in the December 2010 quarter and earnings of US$44 million in the March 2010 quarter." More
- May 19, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 19 May, 2011 | |
