-- Posted 6 June, 2011 | |
| Close | Gain/Loss |
Gold | $1545.60 | +$4.40 |
Silver | $36.82 | +$0.71 |
XAU | 199.03 | -2.09% |
HUI | 521.76 | -2.87% |
GDM | 1520.49 | -2.94% |
JSE Gold | 2510.68 | -32.15 |
USD | 74.01 | +0.30 |
Euro | 145.68 | -0.66 |
Yen | 124.81 | +0.40 |
Oil | $99.01 | -$1.21 |
10-Year | 3.002% | +0.005 |
T-Bond | 126.8125 | -0.21875 |
Dow | 12090.18 | -0.50% |
Nasdaq | 2702.56 | -1.1% |
S&P | 1286.17 | -1.08% |
The Metals:
Gold climbed to $1547.83 in Asia before it fell back to $1540.80 in London, but it then rose to a new session high of $1553.39 in New York and ended with a gain of 0.29%. Silver climbed to as high as $37.268 in New York and ended with a gain of 1.97%.
Euro gold rose to over €1058, platinum lost $4.75 to $1809.25, and copper climbed slightly to about $4.14.
Gold and silver equities waffled near unchanged for most of the morning, but they then headed lower in afternoon trade and ended with over 2% losses.
The Economy:
There were no major economic reports today. Tomorrow at 3PM EST brings Consumer Credit for April expected at $6.0 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell ahead of this week’s OPEC meeting while the U.S. dollar index rose on worries over whether or not Greece will receive the aid they need.
Treasuries fell ahead of this week’s sale of $66 billion in notes and bonds.
The Dow, Nasdaq, and S&P fell on worries over weak economic growth.
Among the big names making news in the market today were Apple, Ariad, and Merck.
GATA Posts:
James Turk and his charts show gold smashing the currencies
J.S. Kim on the paper shuffling that disguises precious metal shortages
Gene Arensberg: Tired of 'dire'?
Golden State is poised to outlaw gold prospecting
Alasdair Macleod: Catch 22 for the Fed
All we can do is to do things to try to hasten the day
'Financial repression' of negative rates is likely Fed policy for decade, Rickards says
Paul dismisses speaker's debt cut demand
Questioned by Paul, Fed denies any interest in gold
The Statistics:
Activity from: 6/02/2011
Gold Warehouse Stocks: | 11,146,911 | +12,654 |
Silver Warehouse Stocks: | 101,121,914 | +487,509 |
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 | 1212.866 | 38,994,859 | US$60,377m |
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$5,728m |
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$6,274m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,152 | US$706m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 47.75 | 1,535,311 | US$2,355m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,955 | US$8m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 139.04: +1.16 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,885.40: -51.56 change from yesterday’s data.
The Miners:
Goldcorp’s (GG) dividend, Midway’s (MDW) closed offering, Claude’s (CGR) first quarter results, Exeter’s (XRA) prefeasibility study, and SilverCrest’s (SVL.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Midway | MDW +5.56% $1.71 |
2. Gold Reserve | GRZ +3.30% $1.88 |
3. Vista Gold | VGZ +2.13% $2.88 |
LOSERS
1. Buenaventura | BVN-14.96% $35.75 |
2. Endeavour Silver | EXK -7.66% $8.56 |
3. Gold Fields | GFI -6.48% $14.87 |
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:
Rio Novo Gold: Annual General Meeting - More
- June 06, 2011 | Item | ShareThis
Gold Bag's Name Change to Focus Gold Corporation, Ticker FGLD, Approved by FINRA and Is Effective Immediately - More
- June 06, 2011 | Item | ShareThis
Rainy River Resources Announces Appointment of Director of Investor Relations - More
- June 06, 2011 | Item | ShareThis
Greystar Resources Announces Election of New Board of Directors - More
- June 06, 2011 | Item | ShareThis
Opawica Explorations Inc.: News Release - More
- June 06, 2011 | Item | ShareThis
Balmoral Grants Stock Options - More
- June 06, 2011 | Item | ShareThis
Lithium Exploration Group Pays for Manufacturing of Ultrasonic Generator - More
- June 06, 2011 | Item | ShareThis
Standard Gold to Present at Undiscovered Equities Spring Conference on June 8 - More
- June 06, 2011 | Item | ShareThis
Olympus' CEO to Present at Euro Pacific Global Investment Conference - More
- June 06, 2011 | Item | ShareThis
Peruvian Mining Stocks Plunge as Humala Claims Election Victory - "Minas Buenaventura SA led a plunge in Peru’s mining stocks as former army rebel Ollanta Humala claimed victory in yesterday’s presidential election." More
- June 06, 2011 | Item | ShareThis
Ethos Acquires 1,460 Additional Claims By Staking in the White Gold District, Dawson Range, Yukon - More
- June 06, 2011 | Item | ShareThis
Wolverine Commences Work on Dawson Range Properties - More
- June 06, 2011 | Item | ShareThis
BacTech Signs Memorandum of Understanding With TW SEOP, S.C. - More
- June 06, 2011 | Item | ShareThis
Hudson Retains Brisco Capital to Provide Investor Relation Services - More
- June 06, 2011 | Item | ShareThis
Gowest Gold Appoints New Board Member - More
- June 06, 2011 | Item | ShareThis
Sacre-Coeur Minerals Engages B & D Capital Partners as Corporate Financial Advisor - More
- June 06, 2011 | Item | ShareThis
California is poised to outlaw gold prospecting - "There's gold in them thar hills, but pretty soon you won't be allowed to touch it. In California, the state built on gold, the time is up for prospectors who are about to see their way of life declared illegal. Just 162 years after history's biggest gold rush, diggers - or dredgers as they now are - are losing a long-running battle with environmentalists." More
- June 06, 2011 | Item | ShareThis
Pershimco Finalizes a Private Placement of $6,000,000 With Strategic Partners - More
- June 06, 2011 | Item | ShareThis
Copper Mountain Mine Processes First Ore - More
- June 06, 2011 | Item | ShareThis
AM Gold Announces Significant Resource Estimate Increase at Pinaya - More
- June 06, 2011 | Item | ShareThis
First Uranium Provides Updates on Operations and Financial Results - More
- June 06, 2011 | Item | ShareThis
Canasil Drilling Intersects Both High-Grade and Disseminated Mineralization in Three Veins at Sandra-Escobar Project in Durango State, Mexico - More
- June 06, 2011 | Item | ShareThis
2011 La Verde Drill Program returns 0.76% Cu, 0.2 g/t gold over 175 meters - More
- June 06, 2011 | Item | ShareThis
Great Western Minerals Group CEO Testifies Before U.S. Congress Regarding Pending Critical Minerals and Rare Earth Legislation - More
- June 06, 2011 | Item | ShareThis
GoldQuest Announces the Granting of Loma Oculta Exploration Concession and Immediate Initiation of an Exploration Program - More
- June 06, 2011 | Item | ShareThis
Castle Peak Reports 7.5m of 7.2 g/t Au Including 2.2 m of 24.2 g/t Au from Apankrah; Secures Second Drill Rig for Q4 - More
- June 06, 2011 | Item | ShareThis
Malbex Reports 104 Metres at 1.96 g/t Gold and 25.2 g/t Silver at Rojo Grande; and a New, Near-Surface Gold Zone at Cerro Amarillo - More
- June 06, 2011 | Item | ShareThis
Brazilian Gold Continues to Intersect Significant Gold Mineralization at Its Recent Discovery on the Rio Novo Project, Northern Brazil - More
- June 06, 2011 | Item | ShareThis
Zone Resources Inc. Expands the Known Zone of Iron Mineralization at the Moore-Ross Mountain Property, Quebec - More
- June 06, 2011 | Item | ShareThis
Sage Board Appoints Hua Bai Director - More
- June 06, 2011 | Item | ShareThis
Otterburn Appoints President - More
- June 06, 2011 | Item | ShareThis
Edgewater Increases Non-Brokered Private Placement to $11,000,000 - More
- June 06, 2011 | Item | ShareThis
Fission Energy Corp and ESO Commence Ground Work at Patterson Lake South, Athabasca Basin, Saskatchewan - More
- June 06, 2011 | Item | ShareThis
La Quinta Resources Receives Drilling Permits for the Easter Project, SE Nevada - More
- June 06, 2011 | Item | ShareThis
Galahad Metals Inc.: Phase II Drilling and Surface IP Survey Completed at Regcourt Property - More
- June 06, 2011 | Item | ShareThis
Andover Mobilizes Drill and Crew to Sun Property Alaska for 2011 Program - More
- June 06, 2011 | Item | ShareThis
Soldi Ventures Inc. Continues Exploration on its Rainy River Project - More
- June 06, 2011 | Item | ShareThis
Avrupa and Antofagasta Minerals S.A. Sign Exploration Agreement in Portugal - More
- June 06, 2011 | Item | ShareThis
NQ Exploration Inc./Carheil Project-Selbaie District: Ag1 Zone Still Present Near Surface - More
- June 06, 2011 | Item | ShareThis
High River Reaches Settlement With Senet CC - More
- June 06, 2011 | Item | ShareThis
Aquila to Commence Trading on OTCQX - More
- June 06, 2011 | Item | ShareThis
Sandstorm Gold Announces 48 Metres of 3.29 g/t at Luna Gold's Aurizona Mine - More
- June 06, 2011 | Item | ShareThis
Orvana Completes US$15 Million Bridge Loan - More
- June 06, 2011 | Item | ShareThis
Focus Provides Peru Exploration Update - More
- June 06, 2011 | Item | ShareThis
Drilling has commenced at Radius' Sixty Mile Project, Yukon Territory - More
- June 06, 2011 | Item | ShareThis
Update on Niocan's Private Placement Financing with Forbes & Manhattan - More
- June 06, 2011 | Item | ShareThis
Cream Minerals Reports Assay Results for the Nuevo Milenio Silver-Gold Project, Mexico - More
- June 06, 2011 | Item | ShareThis
Serengeti Provides Exploration Update - More
- June 06, 2011 | Item | ShareThis
Luna Gold Drills 48.00 Meters @ 3.29 g/t Au Including 12.00 Meters @ 7.93 g/t Au at Aurizona - More
- June 06, 2011 | Item | ShareThis
Lithium Corporation Commences Drilling at Salt Wells - More
- June 06, 2011 | Item | ShareThis
Auriga Gold Engages Engineering and Environmental Consultants to Its Development Team for the Maverick Gold Project - More
- June 06, 2011 | Item | ShareThis
San Marco to Raise $1 Million in Private Placement - More
- June 06, 2011 | Item | ShareThis
North Bay Resources Inc. (NBRI) to Advance Pre-Production Planning at Ruby Gold Project With 3-D Digital Mapping Survey - More
- June 06, 2011 | Item | ShareThis
Dunav Resources Ltd. Announces TSX Venture Exchange Acceptance of Transaction and Closing of Private Placement - More
- June 06, 2011 | Item | ShareThis
Standard Gold Secures First Gold & Silver Concentrates Processing Agreement Under New Business Model - More
- June 06, 2011 | Item | ShareThis
Primero to Begin Selling 50% of Silver at Spot - More
- June 06, 2011 | Item | ShareThis
Quantum Rare Earth Developments Corp. adds New Director and Advisory Board Members - More
- June 06, 2011 | Item | ShareThis
Harte Lists Common Shares on Toronto Stock Exchange - More
- June 06, 2011 | Item | ShareThis
Sunridge Gold Announces Drill Results from Gupo Gold Deposit, Asmara Project, Eritrea - More
- June 06, 2011 | Item | ShareThis
Independent Proxy Firms Recommend Creston Shareholders Vote for Merger with Mercator Minerals Ltd. - More
- June 06, 2011 | Item | ShareThis
Matamec Makes a Higher Value Rare Earths Concentrate from the Eudialyte Zone of the Kipawa Deposit - More
- June 06, 2011 | Item | ShareThis
Foran Announces Appointment of Corporate Secretary and Grant of Stock Options - More
- June 06, 2011 | Item | ShareThis
Hunter Bay Minerals Enters Into Agreement to Acquire Operating Rights in Mazuruni and Puruni Areas of Guyana - More
- June 06, 2011 | Item | ShareThis
Caribou Commences Mobilization and Work Programs on Yukon Gold, Silver and Base Metal Properties - More
- June 06, 2011 | Item | ShareThis
Greenwood Gold Resources Launches New Website - More
- June 06, 2011 | Item | ShareThis
First Uranium announces financial results for the three and twelve months ended March 31, 2011 - More
- June 06, 2011 | Item | ShareThis
Belo Sun Expands Mineral Rights from 195 Square km to 1,305 Square km, Adds 130 km Extension in Belt Hosting Volta Grande Deposits - More
- June 06, 2011 | Item | ShareThis
Castillian Intersects 1.60 Grams Gold Per Tonne Over 16.9 Metres in Near Surface Pit Zone at Hope Brook Project, Newfoundland - More
- June 06, 2011 | Item | ShareThis
Reservoir Appoints Serbian Advisor - More
- June 06, 2011 | Item | ShareThis
Avion Increases Its Interest in the Kofi Gold Project from 81.25% to 93.75% - More
- June 06, 2011 | Item | ShareThis
Canadian Zinc Corporation: Exploration Drill Program Commences at Prairie Creek Mine - More
- June 06, 2011 | Item | ShareThis
Firestone Ventures Spring 2011 Exploration Update - More
- June 06, 2011 | Item | ShareThis
Michael Thicke Appointed President of Cobriza Metals Corp. - More
- June 06, 2011 | Item | ShareThis
Nirek Resources Inc. Announces the Acquisition of 1.25 Million Warrants to Purchase Shares of Common Stock of Silver Dragon Resources Inc. - More
- June 06, 2011 | Item | ShareThis
Ucore Acquires New Strategic Rare Earth Properties in Alaska - More
- June 06, 2011 | Item | ShareThis
Goldcorp Declares Sixth Monthly Dividend Payment for 2011 - "GOLDCORP INC. (TSX:G.to - News) is pleased to declare its sixth monthly dividend payment for 2011 of $0.034 per share. Shareholders of record at the close of business on Thursday, June 16, 2011 will be entitled to receive payment of this dividend on Friday, June 24, 2011 resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends." More
- June 06, 2011 | Item | ShareThis
Nev. Senate panel OKs mining tax deductions deal - "A tentative deal was struck, then amended, late Sunday revising deductions the mining industry in Nevada can take before state taxes are calculated.
The Senate Revenue Committee amended and approved SB493, which strikes out portions of Nevada law that allowed mining companies to write off marketing costs and fire insurance. It also eliminates deductions for employee housing, severance pay, out-of-state travel and federal, state or local taxes." More
- June 06, 2011 | Item | ShareThis
Midway Gold Closes US$12 Million Bought Deal Offering - "Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) has closed its previously announced bought deal offering in Canada and the United States for aggregate gross proceeds of US$12 million, through the issue of 7,500,000 common shares at a price of US$1.60 per common share." More
- June 06, 2011 | Item | ShareThis
Claude Resources Inc. Reports First Quarter Results - "Claude Resources Inc. ("Claude" or the "Company") today reported its first quarter financial and operating results. For the quarter ended March 31, 2011, the Company recorded a net profit of $1.8 million, or $0.01 per share. This compares to a net loss of $1.6 million for the comparable period in 2010, or $0.01 per share." More
- June 06, 2011 | Item | ShareThis
SilverCrest Reports Additional La Joya Drill Results, More High Grade Silver Intercepts-Mineralized Strike Length Doubles - "SilverCrest Mines Inc. (the "Company") (TSX-V:SVL - News) is pleased to announce that it has completed a total of 20 core holes for approximately 4,300 metres of a planned Phase I, 25 hole program at its La Joya Property in Mexico. This phase of drilling has confirmed the continuity of the shallow dipping mantos and the mineralized, vertical cross structures and has doubled the strike length of the mineralization to approximately 700 metres. The La Joya Property is located approximately 75 kilometres southeast of the city of Durango, Mexico. The property is located in a prolific mineralized region which currently supports several mining operations including Grupo Mexico's, San Martin Mine, Industrias Penoles,' Sabinas Mine, Pan American Silver's, La Colorada Mine and First Majestic Silver's, La Parrilla Silver Mine. Please reference our website at www.silvercrestmnes.com for more information, photos and figures on La Joya." More
- June 06, 2011 | Item | ShareThis
Exeter Completes Positive Prefeasibility Study for Its Caspiche Oxide Gold Deposit - "Exeter Resource Corporation (TSX:XRC - News)(AMEX:XRA - News)(Frankfurt:EXB - News) ("Exeter" or the "Company") is pleased to announce the Oxide Gold Prefeasibility Study for its Caspiche Project in northern Chile has returned a NPV(5) of US$329.5 million and net operating costs of US$524/ounce gold. Average annual production over the five year mine life would be 210,000 ounces gold and 364,000 ounces silver." More
- June 06, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 6 June, 2011 | |