-- Posted 15 July, 2011 | |
| Close | Gain/Loss | On Week |
Gold | $1589.90 | +$0.70 | +3.15% |
Silver | $38.97 | +$0.31 | +6.71% |
XAU | 216.95 | +1.25% | +4.40% |
HUI | 567.90 | +1.21% | +5.92% |
GDM | 1654.44 | +1.20% | +6.01% |
JSE Gold | 2570.20 | +50.93 | +8.63% |
USD | 75.15 | -0.12 | +0.03% |
Euro | 141.48 | +0.03 | -0.81% |
Yen | 126.48 | +0.13 | +1.95% |
Oil | $97.24 | +$1.55 | +1.08% |
10-Year | 2.908% | -0.036 | -3.58% |
Bond | 126.03125 | +0.21875 | +0.85% |
Dow | 12479.73 | +0.34% | -1.40% |
Nasdaq | 2789.80 | +0.98% | -2.45% |
S&P | 1316.15 | +0.56% | -2.06% |
The Metals:
Gold fell $13.80 to as low as $1575.50 by about 3:20AM EST, but it then climbed back higher in London and New York and ended near its early afternoon high of $1591.54 with a gain of 0.04% at a new record high. Silver fell to as low as $37.861 before it also rallied back higher and ended near its late morning high of $39.092 with a gain of 0.8%.
Euro gold climbed to a new record high at about €1124, platinum lost $12.50 to $1750, and copper gained a few cents to about $4.40.
Gold and silver equities rose about 1% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | June | -0.2% | -0.1% | 0.2% |
Core CPI | June | 0.3% | 0.2% | 0.3% |
Empire Manufacturing | July | -3.76 | 1.0 | -7.79 |
Industrial Production | June | 0.2% | 0.2% | -0.1% |
Capacity Utilization | June | 76.7% | 76.8% | 76.7% |
Michigan Sentiment | July | 63.8 | 71.4 | 71.5 |
House to Vote on $2.4 Trillion Debt Increase, Cuts Bloomberg
All of this week’s other economic reports:
Next week’s economic highlights include Net Long-Term TIC Flows and the NAHB Housing Market Index on Monday, Housing Starts and Building Permits on Tuesday, Existing Home Sales on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, Leading Economic Indicators, and the FHFA Housing Price Index on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose as the U.S. dollar index fell following news that only eight European banks failed stress tests.
“The European Banking Authority said five banks in Spain, two in Greece and one in Austria flunked the "stress test," which made 90 lenders reveal for the first time their profit forecasts, a breakdown of their sovereign bond holdings and funding costs.
Expectations were for five to 15 banks to fall short and need to raise 10 billion euros or more in capital, prompting analysts to question how credible the test was.”
Treasuries ended with a small gain as the Dow, Nasdaq, and S&P closed only slightly higher on worries over debt and the economy.
Among the big names making news in the market Friday were Google, Citigroup, Clorox, Zillow, Credit Suisse, BHP Billiton and Petrohawk, and Meredith Whitney.
GATA Posts:
July edition of the Gold Standard Institute's journal
J.S. Kim: Why gold and silver mining stocks are still a buy
Ambrose Evans-Pritchard: Debt saturation pushes world back to gold
The Statistics:
Activity from: 7/14/2011
Gold Warehouse Stocks: | 11,439,660 | -132 |
Silver Warehouse Stocks: | 101,719,841 | +594,544 |
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 | 1225.410 | 39,398,147 | US$62,512m |
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$5,895m |
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$6,451m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,943 | US$727m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.10 | 1,546,387 | US$2,362m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,953 | US$8m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 147.44 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,633.95 - No change from yesterday’s data.
The Miners:
Harmony’s (HMY) gold output and Coeur’s (CDE) named President and Chief Executive Officer were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Golden Star | GSS +8.76% $2.98 |
2. Midway | MDW +7.17% $2.69 |
3. Coeur | CDE+6.97% $28.08 |
LOSERS
1. DRDGOLD | DROOY-6.98% $4.53 |
2. Extorre | XG -3.85% $12.50 |
3. Minco Gold | MGH -3.14% $1.85 |
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:
New Dimension Reports Change to Its Board - More
- July 15, 2011 | Item | ShareThisShareThis
Troon Ventures Announces Management Change - More
- July 15, 2011 | Item | ShareThisShareThis
Grizzly Provides Update on Alberta Potash Project - Commences Seismic Data Acquisition and Interpretation - More
- July 15, 2011 | Item | ShareThisShareThis
Excalibur Re-Prices Private Placement Financing - More
- July 15, 2011 | Item | ShareThisShareThis
Falcon Gold Engages Investor Relations Consultant - More
- July 15, 2011 | Item | ShareThisShareThis
Lincoln Mining Begins Drilling at La Bufa - More
- July 15, 2011 | Item | ShareThisShareThis
Delta Uranium Receives Notification of Listing Review - More
- July 15, 2011 | Item | ShareThisShareThis
General Moly Announces Water Rights Approval for Mt. Hope Project - More
- July 15, 2011 | Item | ShareThisShareThis
Teras Provides Its Shareholders With Corporate Update - More
- July 15, 2011 | Item | ShareThisShareThis
BonTerra Announces Closing of Brokered and Non-Brokered Private Placement - More
- July 15, 2011 | Item | ShareThisShareThis
Goldrush Grants Stock Options - More
- July 15, 2011 | Item | ShareThisShareThis
Ring of Fire Resources Inc. Signs Exclusivity Agreement to Purchase High Potential Mineral Properties Near Timmins, Ontario - More
- July 15, 2011 | Item | ShareThisShareThis
Frontier Rare Earths Appoints Tracy Weslosky to Advisory Board - More
- July 15, 2011 | Item | ShareThisShareThis
PolyMet Closes Second $10 Million Tranche of Glencore Financing - More
- July 15, 2011 | Item | ShareThisShareThis
Cancana Renegotiates Agreement With Amazon - More
- July 15, 2011 | Item | ShareThisShareThis
Anglo Pacific Group PLC: Appointment of Company Secretary - More
- July 15, 2011 | Item | ShareThisShareThis
DIOS: Approval of Shareholders Rights Plan - More
- July 15, 2011 | Item | ShareThisShareThis
Virginia Grants 159,250 Stock Options - More
- July 15, 2011 | Item | ShareThisShareThis
Cameco Announces Senior Management Changes - More
- July 15, 2011 | Item | ShareThisShareThis
Discovery Ventures Inc. Completes 3DIP Survey - More
- July 15, 2011 | Item | ShareThisShareThis
Sparton Announces Regulatory Approval for Debt Reduction and Restructuring Transaction - More
- July 15, 2011 | Item | ShareThisShareThis
Silver Spruce Reports Start of Field Work Including Planned Diamond Drilling-CMBJV-Central Mineral Belt, Labrador - More
- July 15, 2011 | Item | ShareThisShareThis
Board of Directors of Solvista Gold Corporation Announce Management Changes - More
- July 15, 2011 | Item | ShareThisShareThis
Board of Directors of Calvista Gold Corporation Announce Management Changes - More
- July 15, 2011 | Item | ShareThisShareThis
THEMAC Resources Group Engages M3 Engineering for Pre-Feasibility Study at Copper Flat Mine - More
- July 15, 2011 | Item | ShareThisShareThis
Liberty Gold Corp. Acquires Alaska-Based Moneyrock Gold Project Property - More
- July 15, 2011 | Item | ShareThisShareThis
Argonaut Gold Announces Q2 Gold Production of 17,453 Ounces - More
- July 15, 2011 | Item | ShareThisShareThis
St. Eugene Responds to Announcement of Approach by Churchill Natural Resources Partners for Tartan Lake Gold Mine Project - More
- July 15, 2011 | Item | ShareThisShareThis
Quantum Rare Earth Developments Corp. CEO Featured on Fox Business News - More
- July 15, 2011 | Item | ShareThisShareThis
Alix and Caribou Commence Drilling in Yukon - More
- July 15, 2011 | Item | ShareThisShareThis
UraStar Signs LOI to Aquire Blackpoint Gold-Silver Project in Nevada's Battle Mountain-Eureka District - More
- July 15, 2011 | Item | ShareThisShareThis
TVI Pacific JV Partner Nido Petroleum Provides Update Regarding Service Contract 54 in the Philippines - More
- July 15, 2011 | Item | ShareThisShareThis
Rockridge Completes $4.5 Million Private Placement - More
- July 15, 2011 | Item | ShareThisShareThis
Talison Lithium to Present at Global Hunter Securities' Conference: Energy-China-Metals & Mining 2011 - More
- July 15, 2011 | Item | ShareThisShareThis
SERABI MINING plc ("Serabi" or "the Company") Drilling Result Confirms Potential Structural and Mineralized Continuity of the Palito and Currutela Prospects - More
- July 15, 2011 | Item | ShareThisShareThis
Quantum Grants Options - More
- July 15, 2011 | Item | ShareThisShareThis
Mariana Resources Ltd.: High Grade Gold Intercepts and Extensions to Calandria Sur Gold and Silver Mineralisation, Las Calandrias Project, Santa Cruz Argentina - More
- July 15, 2011 | Item | ShareThisShareThis
Harmony sees gold output up in June quarter - "Harmony Gold , South Africa's third largest gold miner, said on Friday output for the April-June quarter would likely be three percent higher than the 317,000 ounces produced in the previous one despite days lost to public holidays.
It also said in a brief guidance to investors that its operating costs in rand terms would be higher because of factors such as rising power bills but gave no further details." More
- July 15, 2011 | Item | ShareThisShareThis
Coeur Names Mitchell J. Krebs as President and Chief Executive Officer - "Coeur d’Alene Mines Corporation (NYSE:CDE - News)(TSX:CDM.to - News) announced today that Mitchell J. Krebs has been appointed as President and Chief Executive Officer of the Company. In addition, the Board of Directors also elected Mr. Krebs as a director and Robert E. Mellor as non-executive Chairman of the Board." More
- July 15, 2011 | Item | ShareThisShareThis
- Chris Mullen, Gold Seeker Report
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2011
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
-- Posted 15 July, 2011 | |
