-- Posted 9 June, 2011 | |
| Close | Gain/Loss |
Gold | $1541.60 | +$4.70 |
Silver | $37.29 | +$0.67 |
XAU | 197.19 | +1.59% |
HUI | 517.65 | +1.78% |
GDM | 1508.24 | +1.87% |
JSE Gold | 2423.01 | +37.36 |
USD | 74.16 | +0.22 |
Euro | 145.12 | -0.65 |
Yen | 124.60 | -0.53 |
Oil | $101.93 | +$1.19 |
10-Year | 2.998% | +0.036 |
T-Bond | 126.50 | -0.4375 |
Dow | 12124.73 | +0.63% |
Nasdaq | 2684.87 | +0.35% |
S&P | 1289.00 | +0.74% |
The Metals:
Gold fell $3.77 to $1533.13 in London before it jumped up to $1540.65 in early New York trade and then fell back to roughly unchanged by about 10:30AM EST, but it then jumped to a new session high of $1549.40 by late morning and ended with a gain of 0.31%. Silver climbed to as high as $37.578 and ended with a gain of 1.83%.
Euro gold rose to almost €1063, platinum gained $19 to $1837.50, and copper remained near $4.11.
Gold and silver equities rose over 2% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 6/04 | 427K | 423K | 426K |
Trade Balance | Apr | -$43.7B | -$48.7B | -$46.8B |
Wholesale Inventories | Apr | 0.8% | 0.9% | 1.3% |
Fixed mortgage rates drop for 8th straight week Yahoo
Tomorrow at 8:30AM EST brings Import and Export Prices for May and at 2PM is the Treasury Budget for May at expected at -$59.0 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on worries over insufficient supplies.
The U.S. dollar index rose as the euro dropped “after European Central Bank President Jean-Claude Trichet signaled a widely-expected July rate hike while hinting that further increases could be a ways off.”
Treasuries turned lower after today’s $13 billion 30-year note auction sold at a high yield of 4.238% with a bid to cover of 2.63.
The Dow, Nasdaq, and S&P rose on economic optimism after an unexpectedly large increase in US exports reduced April’s trade deficit.
Among the big names making news in the market today were Wells Fargo, Bank of America, JPMorgan Chase, Citigroup, Goldman Sachs, IHOP, Red Lobster, and Exxon.
GATA Posts:
Fed managing 'orderly' rise in gold, Rickards tells Schall
GATA's Murphy, GoldMoney's Turk, and DEG's Boehringer take questions
Alasdair Macleod: The destructive power of weak money
The Statistics:
Activity from: 6/07/2011
Gold Warehouse Stocks: | 11,214,185 | - |
Silver Warehouse Stocks: | 101,014,684 | -7,683 |
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 | 1211.567 | 38,953,089 | US$59,891m |
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$5,717m |
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$6,256m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,136 | US$706m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 47.99 | 1,542,984 | US$2,373m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,955 | US$8m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.299 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 139.80: +0.76 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,914.21 - No change from yesterday’s data.
The Miners:
A free, new, stock report by Peter Zihlmann on Baja Mining Corp., Ivanhoe’s (IVN) mine construction update, Seabridge’s (SA) drill program, Silvercorp’s (SVM) Henan Subsidiary company, and United Silver’s (USC.TO) expansion program were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Great Panther | GPL +10.12% $2.83 |
2. Comstock | LODE +9.97% $3.31 |
3. First Majestic | AG +6.44% $18.69 |
LOSERS
1. NovaGold | NG -4.45% $9.88 |
2. Kimber | KBX -1.20% $1.64 |
3. Midway | MDW-0.58% $1.71 |
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:
Paladin Energy Ltd-Clarifying Statement - More
- June 09, 2011 | Item | ShareThis
Petaquilla Increases Production and Improves Cash Position - More
- June 09, 2011 | Item | ShareThis
Gryphon Gold Begins Construction of Borealis Heap Leach Project - More
- June 09, 2011 | Item | ShareThis
Parallel Announces Private Placement Financing - More
- June 09, 2011 | Item | ShareThis
Duncastle Closes First Tranche of Flow-Through Private Placement - More
- June 09, 2011 | Item | ShareThis
North American Nickel Inc. Defines Shallow Targets on Its Post Creek Property, North Range, Sudbury Basin, Ontario - More
- June 09, 2011 | Item | ShareThis
Capella Discovers Two New Mineralization Zones at Lajitas - More
- June 09, 2011 | Item | ShareThis
International Tower Hill Mines Intersects 92.9 Metres of 1.62 g/t Gold at the Livengood Project, Alaska - "International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:ITH - News)(AMEX:THM - News)(Frankfurt:IW9 - News) is pleased to announce results for the final 21 drill holes from its recently completed 2011 Winter Drill Program at the Livengood Gold Project near Fairbanks, Alaska. Results continue to expand high-grade zones within the deposit, with multiple thick zones of higher grade mineralization encountered in shallow drilling, including 92.9 metres of 1.62 g/t gold (hole MK-11-116) while deeper core drilling has revealed two major structurally controlled higher grade feeder zones." More
- June 09, 2011 | Item | ShareThis
Bearing Resources To List On The TSX On June 10, 2011 - More
- June 09, 2011 | Item | ShareThis
Callinan receives shareholder approval and final court order for Arrangement with Callinex - More
- June 09, 2011 | Item | ShareThis
Tiex - Airborne Magnetic Survey Completed Over Bullion Claims in Cariboo Goldfields Property, Central British Columbia, Canada - More
- June 09, 2011 | Item | ShareThis
Hudson Awards Sarfartoq Rare Earth Project Preliminary Economic Assessment Study - More
- June 09, 2011 | Item | ShareThis
Critical Elements Corporation Intersects 1.29% Li20 and 275 ppm Ta2O5 Over 5.90 Metres Near Surface - More
- June 09, 2011 | Item | ShareThis
Silvercorp's Henan Subsidiary Ranked as the 7th Strongest Company in Luoyang City, Henan Province, and 30th Largest Tax Payer in Henan Province, China - "Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM - News)(NYSE:SVM - News) is pleased to report that its Henan Subsidiary company, the Henan Found Mining Co. Ltd., owner and operator of the Ying and TLP Silver-lead-zinc mines located in Luoyang city, Henan province, is ranked the 7th strongest company in Luoyang city by the city government, based on total revenue, profit, and taxes paid during the 1st quarter of 2011. Luoyang city has a population of over 6.56 million people and its total GDP in 2010 reached 232.1 billion RMB (US$ 35.1 billion) and it is ranked as the 2nd largest economy in Henan Province." More
- June 09, 2011 | Item | ShareThis
Hondo Minerals set to pay off $2.4 Million in Equipment Purchase - More
- June 09, 2011 | Item | ShareThis
Lexam VG Gold: Exploration Delivers Good Drill Results - More
- June 09, 2011 | Item | ShareThis
East Asia Minerals Files NI43-101 Resource Estimate Technical Report on the Miwah Gold Project, Sumatra, Indonesia - More
- June 09, 2011 | Item | ShareThis
Lions Gate Metals Announces Signing of Investor Relations Agreement - More
- June 09, 2011 | Item | ShareThis
Antioquia Gold Appoints New Director - More
- June 09, 2011 | Item | ShareThis
Energizer Resources Inc. Receives Conditional Approval to Graduate to the Toronto Stock Exchange - More
- June 09, 2011 | Item | ShareThis
Everton Announces Start-Up of Second Drill at Deep Drilling Program on the Ampliacion Pueblo Viejo Project, Dominican Republic - More
- June 09, 2011 | Item | ShareThis
New Jersey Mining Company Announces Drill Results From Golden Chest Mine - More
- June 09, 2011 | Item | ShareThis
Currie Rose Prepares for 10,000 Metre Drill Program in Tanzania - More
- June 09, 2011 | Item | ShareThis
Canadian Zinc Reports Financial Results for First Quarter 2011 - More
- June 09, 2011 | Item | ShareThis
Quadra FNX Files NI 43-101 Technical Reports for the Sierra Gorda & Victoria Projects - More
- June 09, 2011 | Item | ShareThis
Expert Confirms Platinex Shining Tree Gold Dispersal Train Signifies Abundant Gold Sources - More
- June 09, 2011 | Item | ShareThis
Windarra Minerals Ltd. (WRA.V) Intersects Broad Zones of Near-Surface Gold Mineralization on Mishi Leases - More
- June 09, 2011 | Item | ShareThis
Stronghold Metals Inc.: Second Rig Ordered for Eagle Mountain Gold Project, Guyana - More
- June 09, 2011 | Item | ShareThis
Mexivada Begins Work Program at Timmins Property, Ontario, and Defines 3 Gold Target Areas - More
- June 09, 2011 | Item | ShareThis
Sona Begins 4,500-Metre Underground Drill Program at its Elizabeth Gold Deposit Property; Surface Drill Programs at Blackdome and Elizabeth Set for July - More
- June 09, 2011 | Item | ShareThis
Globex Signs Chibougamau Standstill Agreement and Pockets Cash - More
- June 09, 2011 | Item | ShareThis
SearchGold Provides Update on Gueguere Following Indigo's Drill Intercept of 29.67 g/t Au Over 7 m on Adjoining Moule Property in Burkina Faso - More
- June 09, 2011 | Item | ShareThis
Riverstone Intersects New Gold Zone at Karma - More
- June 09, 2011 | Item | ShareThis
PAW Shareholder Update - More
- June 09, 2011 | Item | ShareThis
Laurentian Goldfields Ltd. Commences Drill Program at Van Horne Property - More
- June 09, 2011 | Item | ShareThis
United Silver Corp. Announces Mill Construction Status and Corporate Reorganization - "United Silver Corp. (formerly United Mining Group, Inc.) ("USC" or the "Company") (TSX:USC - News)(OTCQX: USCZF)(Frankfurt:UM8 - News) is pleased to update progress on the New Jersey Mill Joint Venture Agreement ("NJMC Agreement") with New Jersey Mining Company ("NJMC"). The NJMC Agreement was established to secure near-term milling capacity for the Crescent Silver Mine project, through funding a $2.5 million expansion program at NJMC's fully permitted flotation mill and tailings facility. The expansion program remains on budget and on schedule for completion in the fourth quarter of 2011." More
- June 09, 2011 | Item | ShareThis
Near-Mine Drilling Commences at Zara - More
- June 09, 2011 | Item | ShareThis
MAX commences drill program at Majuba Hill copper/silver project in Nevada - More
- June 09, 2011 | Item | ShareThis
ICN Reports RC Drill Results from Goldfield Project Hole ICR-003 Reports 45.7 Metres at 5.52 g/t Au - More
- June 09, 2011 | Item | ShareThis
Augyva and the Municipality of Oka Enter Into Agreement for the St.Lawrence Columbium (SLC) Site - More
- June 09, 2011 | Item | ShareThis
Redhill Resources Corp.: Deflector Drilling Program Continues, Drilling Commences at Spanish Galleon - More
- June 09, 2011 | Item | ShareThis
Skyline Gold is Pleased to Announce Ronald Kort Netolitzky has Joined the Advisory Board - More
- June 09, 2011 | Item | ShareThis
Manicouagan Reports on the Annual and Special Meeting of Shareholders Held June 8, 2011 - More
- June 09, 2011 | Item | ShareThis
Viper Gold Reports 2.15 gpt Gold and 1,785 gpt Silver Over 1.70 Metres from Santa Rosa East - More
- June 09, 2011 | Item | ShareThis
Animas Resources Announces $1 Million Financing - More
- June 09, 2011 | Item | ShareThis
Zone Resources Inc. Retains Ethos Consulting Ltd. for Investor Relations - More
- June 09, 2011 | Item | ShareThis
AuRo Resources Engages Colombian Based Exploration Group - More
- June 09, 2011 | Item | ShareThis
Gold-Ore Announces Increased Gold Production in Second Quarter - More
- June 09, 2011 | Item | ShareThis
Queenston Reports New Drill Results From Bidgood-Kirkland East Project Including: 71.8 g/t Au Over 2.35 m and 0.80 g/t Au Over 85.95 m - More
- June 09, 2011 | Item | ShareThis
St. Elias Mines Ltd. - Diamond Drilling, Tesoro Gold Project in Peru - More
- June 09, 2011 | Item | ShareThis
Western Pacific Announces $2.5 Million Private Placement - More
- June 09, 2011 | Item | ShareThis
Alderon Targets 800 Million to 1 Billion Tonne Resource at 28 to 32% Iron With 2011 Drill Program Launch - More
- June 09, 2011 | Item | ShareThis
Anfield Reports Updated Mineral Resource Estimate for Mayaniquel Nickel Project, Guatemala - Significant Increase in Nickel Resources - More
- June 09, 2011 | Item | ShareThis
International Lithium Corp. Appoints Mr. Wang Director - More
- June 09, 2011 | Item | ShareThis
China Gold International Receives Top Honor - More
- June 09, 2011 | Item | ShareThis
Jack Lifton Hired as Advisor/Consultant for Rare Earth Metals Inc. - More
- June 09, 2011 | Item | ShareThis
Treasury Metals Reports Results From Eastern Gold Zone at the Goliath Gold Project - More
- June 09, 2011 | Item | ShareThis
Avino Completes San Gonzalo Bulk Sampling Program - More
- June 09, 2011 | Item | ShareThis
Sono Resources Completes Due Diligence on Copper and Silver Exploration Licences in Botswana - More
- June 09, 2011 | Item | ShareThis
Lithium Exploration Group Secures Additional $1,500,000 Investment - More
- June 09, 2011 | Item | ShareThis
Champion Minerals Continues to Delineate High-Grade and Coarse-Grained, Specular Hematite-Rich Mineralization at Fire Lake North - More
- June 09, 2011 | Item | ShareThis
Duluth Metals Announces 34.5 feet at 2.82% CuEq from Twin Metals New Drilling Results - More
- June 09, 2011 | Item | ShareThis
Great Western Minerals Group Launches Mine Shaft Refurbishment at Steenkampskraal Rare Earth Project - More
- June 09, 2011 | Item | ShareThis
Avion Intersects 2.80 g/t Au Over 53.7 Metres and 11.48 g/t Au Over 32.0 Metres - More
- June 09, 2011 | Item | ShareThis
Northland and Kiruna Wagon to Design a Prototype for New Railcars - More
- June 09, 2011 | Item | ShareThis
Goldrush Intersects 3.62 g/t Gold Over 6 Metres in South Zone Drilling and 2.14 g/t Gold Over 4 Metres in 430 Metre Step-Out Hole on Western Edge of Ronguen - More
- June 09, 2011 | Item | ShareThis
Largo Submits Application for Construction License for the Maracas Vanadium Project in Bahia, Brazil - More
- June 09, 2011 | Item | ShareThis
Board Restructure Following TSX Delisting to Oversee the Next Phase of Medusa's Growth & Development - More
- June 09, 2011 | Item | ShareThis
Medusa to Voluntarily Delist from the Toronto Stock Exchange - More
- June 09, 2011 | Item | ShareThis
Uranium Energy Corp Reports Fiscal Third Quarter Production Results and Provides Operations Update - More
- June 09, 2011 | Item | ShareThis
Trade Winds Intersects 4.37 g/t gold over 15 metres on Block A - More
- June 09, 2011 | Item | ShareThis
Bonterra Deepens Drills at Eastern Extension, Val D' Or, Quebec - More
- June 09, 2011 | Item | ShareThis
Li3 Reports Latest SignumBOX Rankings - More
- June 09, 2011 | Item | ShareThis
Lumina Copper Corp. Announces Shareholder and Court Approval of Arrangement with Lumina Royalty Corp. and Appointment of Additional Independent Directors - More
- June 09, 2011 | Item | ShareThis
Northern Rand Announces Name Change to Suparna Gold Corp. - More
- June 09, 2011 | Item | ShareThis
MBMI Extends Warrants - More
- June 09, 2011 | Item | ShareThis
Petaquilla Subsidiary Appoints Chief Executive Officer - More
- June 09, 2011 | Item | ShareThis
First Uranium Announces Changes to its Board of Directors - More
- June 09, 2011 | Item | ShareThis
GoldQuest Posts Meeting Materials for the Annual Meeting of Shareholders - More
- June 09, 2011 | Item | ShareThis
Comstock Mining Announces Listing on NYSE Amex - More
- June 09, 2011 | Item | ShareThis
Swift Appoints New Director - More
- June 09, 2011 | Item | ShareThis
Update by Ivanhoe Mines Reports Construction of the Oyu Tolgoi Copper-Gold-Silver Mining Complex Has Reached 23% Completion and Remains Ahead of Schedule - "Robert Friedland, Chief Executive Officer of Ivanhoe Mines Ltd. (TSX:IVN - News)(NYSE:IVN - News)(NASDAQ:IVN - News), issued an operations update today that reports on progress being achieved on the development of principal projects in the portfolios of the parent company and its subsidiaries and associated interests." More
- June 09, 2011 | Item | ShareThis
2011 Drill Program Underway at Seabridge Gold's KSM Project - "Seabridge Gold (TSX:SEA - News)(AMEX:SA - News) announced today that a $5.1 million exploration program is now underway at its 100% owned KSM project targeting higher grade material favorably located for early production, which could enhance the project's already robust economics." More
- June 09, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 9 June, 2011 | |
