-- Posted 31 May, 2011 | |
| Close | Gain/Loss |
Gold | $1534.90 | -$0.90 |
Silver | $38.31 | +$0.43 |
XAU | 208.78 | +0.15% |
HUI | 552.53 | +0.39% |
GDM | 1611.27 | +0.36% |
JSE Gold | 2631.43 | -4.94 |
USD | 74.61 | -0.31 |
Euro | 143.89 | +0.68 |
Yen | 122.66 | -1.28 |
Oil | $102.70 | +$2.11 |
10-Year | 3.050% | -0.014 |
T-Bond | 126.15625 | +0.28125 |
Dow | 12569.79 | +1.03% |
Nasdaq | 2835.30 | +1.37% |
S&P | 1345.20 | +1.06% |
The Metals:
Gold fell $3.80 to $1532.00 by a little after 8AM EST before it shot up to $1540.35 by midmorning in New York, but it then fell back off in the last two and half hours of trade and ended with a loss of 0.06%. Silver surged almost a dollar to as high as $38.75 in London before it fell back to $37.955 by about noon EST, but it then rallied back higher in late trade and ended with a gain of 1.14%.
Euro gold fell to about €1067, platinum gained $31.25 to $1826.25, and copper remained at about $4.18.
Gold and silver equities waffled near unchanged and ended with slight gains.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | Mar | -3.61% | -3.4% | -3.34% |
Chicago PMI | May | 56.6 | 62.5 | 67.6 |
Consumer Confidence | May | 60.8 | 66.3 | 66.0 |
House to reject debt limit increase without cuts Yahoo
Tomorrow at 8:15AM EST brings ADP Employment for May expected at 170,000 and at 10AM is the ISM Index for May expected at 57.6 and Construction Spending for April expected at -0.5%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose as the U.S. dollar index fell on optimism over a deal to bring additional aid to Greece that sent the euro higher.
Treasuries rose along with the Dow, Nasdaq, and S&P as poor economic data was offset by relief over an apparent deal to tackle Greece’s debt problems.
Among the big names making news in the market today were Ashland, Nokia, BMW, and Apple.
GATA Posts:
Murray Pollitt: Electronic wheelbarrows
Gold and silver seen forming bullish divergences
Tungsten-stuffed gold story delights inflation-wracked Vietnam government
GoldMoney interview: Egon von Greyerz on gold's return as currency
News items suggest gold's long-term trend remains favorable
GATA Chairman Bill Murphy interviewed by GoldMoney's James Turk
The Statistics:
Activity from: 5/27/2011
Gold Warehouse Stocks: | 11,140,915 | +29,301 |
Silver Warehouse Stocks: | 101,712,193 | +284,587 |
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 | 1213.169 | 39,004,605 | US$59,909m |
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$5,695m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 126.23 | 4,058,350 | US$6,232m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,184 | US$701m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.12 | 1,547,033 | US$2,372m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,955 | US$8m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.91 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 137.61 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,941.33 - No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) total voting rights, Paramount’s (PZG) project updates, US Gold’s (UXG) exploration update, Kimber’ s(KBX) drill results, SilverCrest’s (SVL.V) filed form 40-F, and Extorre’s (XG) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Banro | BAA+13.13% $3.79 |
2. Kimber | KBX+11.90% $1.88 |
3. Revett | RVM +8.16% $4.24 |
LOSERS
1. Midway | MDW-4.65% $1.64 |
2. Minco | MGH -3.88% $1.98 |
3. Vista | VGZ -3.69% $2.87 |
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:
Northquest Ltd. Announces Grant of Stock Options - More
- May 31, 2011 | Item | ShareThis
Stillwater Mining Company Comments on Stronger PGM Prices - More
- May 31, 2011 | Item | ShareThis
Nemaska Redeems the $1M Convertible Debenture Issued in Favor of Golden Goose Resources Inc. - More
- May 31, 2011 | Item | ShareThis
Examination of Historical Drilling Results at Buckreef by Tanzanian Royalty Reveals High Grade Gold Values Across Significant Widths - More
- May 31, 2011 | Item | ShareThis
Trevali Strengthens Management Team - More
- May 31, 2011 | Item | ShareThis
Ecometals Limited: Condor Gold Project Receipt - More
- May 31, 2011 | Item | ShareThis
Yale Completes Geophysics Program at Los Amoles – Partner Commits to Next Term of Agreement - More
- May 31, 2011 | Item | ShareThis
Erdene Receives Mining License for the Zuun Mod Molybdenum-Copper Project in Mongolia - More
- May 31, 2011 | Item | ShareThis
Amarc Commences 2011 Exploration Program in South-Central Bc - More
- May 31, 2011 | Item | ShareThis
Victory Resources Corporation - Reforma Work program update - More
- May 31, 2011 | Item | ShareThis
Canarc Stakes Two More Gold Properties in Central British Columbia - More
- May 31, 2011 | Item | ShareThis
Sono Resources Appoints Dr. Luc Antoine as Director - More
- May 31, 2011 | Item | ShareThis
AXMIN's Notice of Annual and Special Meeting of Shareholders on Tuesday, June 28, 2011 - More
- May 31, 2011 | Item | ShareThis
St-Georges Platinum Initiates the First Phase of Exploration Drilling for 2011 on Its Villebon Gold-Copper-Nickel-PGE Project - More
- May 31, 2011 | Item | ShareThis
Gowest Gold Announces Conference Call Wednesday 11am ET Corresponding to Updated Resource - More
- May 31, 2011 | Item | ShareThis
StoneShield Announces Private Placement of Units - More
- May 31, 2011 | Item | ShareThis
CB Gold Inc. Reports Additional High Grade Intercepts Including 9.28 Metres at 11.62 g/t Gold and Positive Geophysics Survey Results - More
- May 31, 2011 | Item | ShareThis
Gryphon Gold Sets Record Date and Meeting Date for Annual General Meeting - More
- May 31, 2011 | Item | ShareThis
Goldex Resources Announces Trench Sample Assay Results from the El Sauce Sector of Its El Pato Project in Guatemala - More
- May 31, 2011 | Item | ShareThis
Key Gold Holding Drills Souart Gold Project, Quebec: Visible Gold in Quartz Veins - More
- May 31, 2011 | Item | ShareThis
F.D.G. Mining Signs Drill Contract and Reports Progress at Topacio, Nicaragua - More
- May 31, 2011 | Item | ShareThis
Argus Options IKE Selwyn Basin Gold Project, Yukon to Great Bear - More
- May 31, 2011 | Item | ShareThis
Globex's Ungava Area Iron Project Optioned to Canamara - More
- May 31, 2011 | Item | ShareThis
GLD Doubles Up The Drills On Exciting Target - More
- May 31, 2011 | Item | ShareThis
Ardent Mines Ltd. Signs Exclusive Brazil Mineral Rights Option - More
- May 31, 2011 | Item | ShareThis
Redtail Metals Corp. Announces Completion of Name Change - More
- May 31, 2011 | Item | ShareThis
Golden Predator Triples 2011 Budget, Adds Second Drill, and Plans for Third at Brewery Creek Project, Yukon - More
- May 31, 2011 | Item | ShareThis
Adventure Gold Continues to Make Significant Gold Discoveries at the Past Producing Beliveau Mine East of Val-d'Or - More
- May 31, 2011 | Item | ShareThis
Edgewater Increases Inferred Resources by 30% at the Corcoesto Gold Project, Spain - More
- May 31, 2011 | Item | ShareThis
Tintina Resources Announces Changes to Board of Directors - More
- May 31, 2011 | Item | ShareThis
MAX drills 9.6 metres of 1.04 g/t Au at Table Top in Nevada, extends strike of mineralization by 244 metres - More
- May 31, 2011 | Item | ShareThis
Orko Silver Corp.: President's Update - More
- May 31, 2011 | Item | ShareThis
Metanor Drilled a New Gold Horizon at Barry - More
- May 31, 2011 | Item | ShareThis
Columbus Gold Corp. Acquires Hughes Canyon Gold Project in the Stillwater Range, Nevada - More
- May 31, 2011 | Item | ShareThis
Metals Creek Resources Intersects 1.43% Cu, 6.78 g/t Ag Over 66.30 Meters at Its Tillex Copper Project - More
- May 31, 2011 | Item | ShareThis
Rockland Drills "Net-Texture" Sulfides in Ultramafic Rocks at Retty Lake Cu-Ni-PGE, Quebec - More
- May 31, 2011 | Item | ShareThis
Corvus Gold Appoints Peggy Wu as Chief Financial Officer - More
- May 31, 2011 | Item | ShareThis
Argentum Closes Second Tranche of Non-Brokered Financing - More
- May 31, 2011 | Item | ShareThis
Tombstone Exploration Renews Six Arizona State Exploration Permits - More
- May 31, 2011 | Item | ShareThis
Caza Gold Begins Phase 1 Drill Program at the Balleza Gold Project, Moris Property Chihuahua, Mexico - More
- May 31, 2011 | Item | ShareThis
Goldrich Announces Closing of Private Placement Financing - More
- May 31, 2011 | Item | ShareThis
Intrepid Mines Limited: Shyri Project Ecuador-Gold-Copper Porphyry Discovery at Gama Prospect - More
- May 31, 2011 | Item | ShareThis
Black Bull Resources Inc. Announces AGM and March 31, 2011-Interim Financial Statement Release - More
- May 31, 2011 | Item | ShareThis
Gold Canyon Intercepts 292.5 Meters at 1.13 Grams Per Tonne Gold at Springpole Gold Project-Stakes Additional 10,000 Acres - More
- May 31, 2011 | Item | ShareThis
PolyMet Updates Status of Environmental Review - More
- May 31, 2011 | Item | ShareThis
ATAC Resources Ltd. Commences Drilling and Exploration at its Rackla Gold Project, Yukon - More
- May 31, 2011 | Item | ShareThis
Source Intersects 55.4 Metres Grading 0.54 g/t Gold, 5.52 g/t Silver and 0.71% Copper (1.90 g/t Gold Equivalent) at Las Minas Project - More
- May 31, 2011 | Item | ShareThis
Western Pacific Receives Drill Permit For Mineral Gulch - More
- May 31, 2011 | Item | ShareThis
Santa Fe Gold Reports Results of Annual Meeting - More
- May 31, 2011 | Item | ShareThis
Palladon Ventures-CML Update - More
- May 31, 2011 | Item | ShareThis
Hondo Minerals Meets Tennessee Mine Production Deadline - More
- May 31, 2011 | Item | ShareThis
Richfield Securityholders Approve Arrangement Transaction Involving Acquisition by New Gold - "New Gold Inc. ("New Gold") (TSX:NGD.to - News) (AMEX:NGD - News) and Richfield Ventures Corp. ("Richfield") (TSXV:RVC) are pleased to announce that the previously announced acquisition of Richfield by New Gold pursuant to a plan of arrangement (the "Arrangement") was overwhelmingly approved at a special meeting of Richfield securityholders on May 30, 2011. The Arrangement, which is expected to become effective on or about June 1, 2011, will result in New Gold acquiring all of the issued and outstanding shares of Richfield." More
- May 31, 2011 | Item | ShareThis
Foran Announces Second Quarter 2011 Results - More
- May 31, 2011 | Item | ShareThis
Abzu Gold Discovers New 3 km x 0.6 km Gold Targets Golden Reef East-Asankrangwa Belt, Ghana - More
- May 31, 2011 | Item | ShareThis
Oceanic Appoints SECOR to Study Potential Economic Benefits to Nunavik and the Province of Quebec - More
- May 31, 2011 | Item | ShareThis
Black Iron Intersects 32.1% Iron Over 164 Meters in Twin Hole at Its Shymanivske Project in Ukraine - More
- May 31, 2011 | Item | ShareThis
Xtra-Gold Announces 52 Metres Grading 2.42 g/t Gold, 50 Metres Grading 1.64 g/t Gold and 50 Metres Grading 1.31 g/t Gold From Its Kibi Gold Project Big Bend - More
- May 31, 2011 | Item | ShareThis
AurCrest Gold Announces Spring/Summer Exploration on East Red Lake Gold - More
- May 31, 2011 | Item | ShareThis
Northland Signs Agreement With Peab for the Civil Works at the Kaunisvaara Iron Ore Project - More
- May 31, 2011 | Item | ShareThis
Grayd Joins the OTCQX International Market in the U.S. - More
- May 31, 2011 | Item | ShareThis
Malaga Announces a $1.5 Million Diamond Drilling Campaign in the Consuzo Zone at Its Pasto Bueno Tungsten Mine - More
- May 31, 2011 | Item | ShareThis
Rockridge Appoints Bryan Hyde as Technical Director - More
- May 31, 2011 | Item | ShareThis
Rockgate Hosts Mines Minister at Falea Uranium-Silver-Copper Project, Mali - More
- May 31, 2011 | Item | ShareThis
Star Gold Management Team Conducts Tour of Company's Nevada Properties - More
- May 31, 2011 | Item | ShareThis
Yukon-Nevada Gold Corp. Closes Private Placement and Warrant Exercise for Total Gross Proceeds of $59,328,000 - More
- May 31, 2011 | Item | ShareThis
Kokomo Engages the Services of Wardrop to Prepare NI 43-101 Technical Report On Arqueana's Lithium/Niobium/Tantalum/Tin Mining Project in Brazil - More
- May 31, 2011 | Item | ShareThis
Molycor Expands Scope and Adds Additional Consultant to Complete Magnesium Project Team - More
- May 31, 2011 | Item | ShareThis
Alto Announces Addition to Management Team - More
- May 31, 2011 | Item | ShareThis
Forum Announces Addition to Management Team - More
- May 31, 2011 | Item | ShareThis
Riverside Resources and Partner Guerrero Exploration Inc. to Commence Drilling at the Chapalota Project in Sinaloa, Mexico - More
- May 31, 2011 | Item | ShareThis
Guerrero to Commence Drilling at the Chapalota Project in Sinaloa, Mexico - More
- May 31, 2011 | Item | ShareThis
Li3 Energy Reports Initial Canadian National Institute 43-101 Results - More
- May 31, 2011 | Item | ShareThis
Serabi Mining plc ("Serabi" or the "Company") Award of Options - More
- May 31, 2011 | Item | ShareThis
Weststar Appoints David Michaud - More
- May 31, 2011 | Item | ShareThis
Guardians of Gold Inc. Announces the Acquisition of 1.25 Million Warrants to Purchase Common Shares of Silver Dragon Resources Inc. - More
- May 31, 2011 | Item | ShareThis
Serabi Mining plc ("Serabi" or the "Company"): Notice of Annual General Meeting and Special Meeting - More
- May 31, 2011 | Item | ShareThis
Barrick Receives Zambian Clearance for Equinox Acquisition: All Regulatory Approvals Now Received - "Barrick Gold Corporation (NYSE:ABX - News)(TSX:ABX - News) ("Barrick" or "the Company") announced today that it has received the unconditional approval of the Zambian Competition and Consumer Protection Commission for Barrick's proposed acquisition of all of the issued and outstanding common shares (the "Equinox Shares") of Equinox Minerals Limited (TSX:EQN - News)(ASX:EQN - News) ("Equinox"). This approval has been obtained in connection with the previously-announced offer (the "Offer") by Barrick's wholly-owned subsidiary, Barrick Canada Inc. (the "Offeror"), to acquire, subject to the terms and conditions of the Offer, all of the Equinox Shares at a price of C$8.15 per Equinox Share." More
- May 31, 2011 | Item | ShareThis
Randgold Resources - Total Voting Rights - "Randgold Resources Limited announces that, in accordance with FSA's Disclosure Rules and Transparency Rules, its issued share capital consists of 91,138,870 (ninety one million one hundred and thirty eight thousand eight hundred and seventy) ordinary shares of US$0.05 each." More
- May 31, 2011 | Item | ShareThis
Paramount Gold and Silver Updates Progress on San Miguel and Sleeper Projects - "Paramount Gold and Silver Corp. (AMEX:PZG - News)(TSX:PZG - News)(Frankfurt:P6G - News)(WKN: A0HGKQ) ("Paramount Gold") announced today work to complete Preliminary Economic Assessments on its two main projects is progressing on schedule and on budget." More
- May 31, 2011 | Item | ShareThis
Excellon Resources to Acquire Lateegra Gold - "Excellon Resources Inc. (TSX:EXN - News) ("Excellon" or the "Company") and Lateegra Gold Corp. (TSX-V:LRG - News) ("Lateegra") are pleased to announce that they have entered into an arrangement agreement (the "Agreement") pursuant to which Excellon will acquire all of the outstanding common shares (the "Lateegra Shares") of Lateegra (the "Transaction")." More
- May 31, 2011 | Item | ShareThis
US Gold: Nevada Exploration Update-New Encouraging Results at Limo & Gold Bar - "US GOLD CORPORATION (NYSE:UXG - News)(TSX:UXG - News) is pleased to announce that recent drilling in Nevada has returned encouraging results. At Cadillac, thirteen holes have been completed since the last exploration update on January 11th. Long intervals of gold mineralization were encountered, the best results are: 2.56 gpt (grams per tonne) gold over 82.3 m (meters) including 7.17 gpt gold over 12.2 m, 3.27 gpt gold over 16.8 m, 1.33 gpt gold over 32.0 m, and 0.70 gpt gold over 102.1 m." More
- May 31, 2011 | Item | ShareThis
KIMBER INTERCEPTS 4.9 METRES OF 78.4 g/t GOLD AND 127.9 g/t SILVER BELOW CARMEN GOLD-SILVER DEPOSIT, MONTERDE PROJECT - "Kimber Resources Inc. (NYSE Amex:KBX, TSX:KBR) is pleased to announce the results of two new drill holes from its ongoing drill program at the Carmen deposit at its Monterde Project in Mexico. These holes were drilled with the objective of expanding and upgrading mineral resources potentially amenable to underground extraction ("Carmen Deep" target). Drill hole MTRD-476 was collared on section 30 and was designed to intersect the Carmen structure at a vertical depth of 425m below surface, in an area never previously tested by drilling. This hole intersected high grade mineralization averaging 78.4 g/t gold and 127.9 g/t silver over 4.9 metres, including 1.5 metres of 152.5 g/t gold and 282 g/t silver. This important new intercept is hosted within a semi-massive to massive-sulphide breccia between 565.5 and 570.4 metres down hole and is interpreted to correlate with the downward projection of the Carmen structure." More
- May 31, 2011 | Item | ShareThis
SilverCrest Files Form 40-F Registration Statement with SEC - "SilverCrest had received in December 2010 notification of an order instituting administrative proceedings from the United States Securities and Exchange Commission ("SEC"). SilverCrest understands that this order was issued as a result of a registration statement filed in 1999 by Strathclair Ventures Ltd., a predecessor company to SilverCrest which was under different management until SilverCrest assumed control in 2003. The order alleged that Strathclair (now SilverCrest) had not filed periodic reports with the SEC sufficient to maintain its registration in the United States. Following discussions with the SEC and in order to remedy the situation, SilverCrest had entered into a consent order with the SEC pursuant to which SilverCrest agreed to the revocation of the registration of its common shares under the U.S. Exchange Act. As a result, broker-dealers in the United States ceased to be able to effect transactions in the common shares of SilverCrest." More
- May 31, 2011 | Item | ShareThis
Extorre Gold Mines Limited: High Gold-Silver Grades Continue for the Zoe Discovery at Cerro Moro - "Extorre Gold Mines Limited (TSX:XG - News)(AMEX:XG - News)(Frankfurt:E1R - News), "Extorre" or the "Company") is pleased to announce that high grade gold-silver results continue to be returned from drilling on the Zoe discovery at Cerro Moro in Santa Cruz Province, Argentina." More
- May 31, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 31 May, 2011 | |