-- Posted 18 July, 2011 | |
| Close | Gain/Loss |
Gold | $1602.15 | +$12.25 |
Silver | $40.21 | +$1.24 |
XAU | 2219.47 | +1.16% |
HUI | 577.14 | +1.62% |
GDM | 1682.45 | +1.69% |
JSE Gold | 2621.25 | +51.05 |
USD | 75.37 | +0.22 |
Euro | 141.13 | -0.45 |
Yen | 126.47 | +0.13 |
Oil | $95.93 | -$1.31 |
10-Year | 2.909% | +0.001 |
T-Bond | 125.6875 | -0.34375 |
Dow | 12385.16 | -0.76% |
Nasdaq | 2765.11 | -0.89% |
S&P | 1305.44 | -0.81% |
The Metals:
Gold climbed to a new record high of $1607.13 at about 11:20AM EST before it fell back off a bit in the last couple of hours of trade, but it still ended with a gain of 0.77%. Silver surged to as high as $40.69 and ended with a gain of 3.18%.
Euro gold rose to a new record high at about €1139, platinum gained $17 to $1767, and copper remained at about $4.40.
Gold and silver equities rose roughly 1.5% at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Net Long-Term TIC Flows | May | $23.6B | - | $30.6B |
NAHB Housing Market Index | July | 15 | 14 | 13 |
Fitch reiterates warning on U.S. credit rating Reuters
Budget: Moody's Suggests US Eliminates Debt Ceiling CNBC
Default could 'sink the whole boat' Yahoo
Default 'Off the Table,' Debt Deal Will Be Struck: Geithner Yahoo
US builders' outlook rises after hitting 2011 low Yahoo
Debt ceiling delay: Gun shot to the economy Yahoo
Tomorrow at 8:30AM EST brings Housing Starts for June expected at 570,000 and Building Permits expected at 609,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index rose on more debt problems in Europe that sent the euro lower.
Treasuries fell slightly while the Dow, Nasdaq, and S&P dropped on worries over debt problems.
Among the big names making news in the market today were Gannet, MGIC, Greenhill, News Corp., Morgan Stanley, and Allstate.
GATA Posts:
Gold rush shipwreck offers up treasures off Welsh coast after 150 years
Jim Grant still can't figure out why the dollar has held up so long
Alasdair Macleod: European Union won't survive without QE
The Statistics:
Activity from: 7/15/2011
Gold Warehouse Stocks: | 11,437,183 | -98 |
Silver Warehouse Stocks: | 101,182,919 | -536,922 |
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 | 1236.013 | 39,739,062 | US$63,528m |
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$5,942m |
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$6,503m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,927 | US$733m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.10 | 1,546,387 | US$2,362m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,952 | US$8m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 10.603 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 150.02: +2.58 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,633.95: No change from yesterday’s data.
The Miners:
Revett’s (RVM) operations and litigation update, Excellon’s (EXN.TO) CEO and CFO appointments, and Great Panther’s (GPL) new project purchase were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. First Majestic | AG +8.42% $24.47 |
2. Minco Gold | MGH+7.57% $1.99 |
3. Northgate | NXG +7.32% $3.37 |
LOSERS
1. Almaden | AAU-2.82% $3.79 |
2. Taseko | TGB -2.54% $4.60 |
3. Golden Star | GSS-2.35% $2.91 |
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:
Crazy Horse Resources Inc. Closes C$5,230,500 Private Placement - More
- July 18, 2011 | Item | ShareThis
Highlights from Augen Gold's Initial NI 43-101-Compliant Mineral Resource Estimate for the Jerome Mine Project - More
- July 18, 2011 | Item | ShareThis
Steele Resources Announces Approval to Process Gold From Mineral Hill - More
- July 18, 2011 | Item | ShareThis
Nuinsco Expands MENA Presence With Option on Gold Concession in Sudan - More
- July 18, 2011 | Item | ShareThis
Calibre Mining Announces Expiration of 44 Million Warrants - More
- July 18, 2011 | Item | ShareThis
Cancor Reports Further Excellent Results on its North Tirek Property in Algeria - More
- July 18, 2011 | Item | ShareThis
Golden Touch Extends Gold Mineralisation - More
- July 18, 2011 | Item | ShareThis
Gryphon Gold Updates Progress on Borealis Mine Development - More
- July 18, 2011 | Item | ShareThis
Canyon Copper Corp Commences Trading Today as Tier One Company on TSX Venture Exchange with Symbol "CNC" - More
- July 18, 2011 | Item | ShareThis
Amseco Exploration Ltd.: Start of Exploration Work in James Bay - More
- July 18, 2011 | Item | ShareThis
Woulfe Mining Updates Resource in Top Quarter of Sangdong Project Mine Which Validates Fast Track Development - More
- July 18, 2011 | Item | ShareThis
Millrock and Inmet Provide Update on San Jose and Dry Mountain Projects, Arizona - More
- July 18, 2011 | Item | ShareThis
Orsu Commences Infill Drilling Programme in Connection With Ongoing Definitive Feasibility Study at Its Karchiga Project - More
- July 18, 2011 | Item | ShareThis
Sabina Gold & Silver Reports Continued Positive Results at Back River Gold Project, Nunavut - More
- July 18, 2011 | Item | ShareThis
Starcore Intersects 20.6 g/t Gold and 274 g/t Silver Over 3.7 Meters True Width in Hole DC29-214 - More
- July 18, 2011 | Item | ShareThis
Aguila American Gold Limited (V.AGL) Reports: Growing Global Confidence in the Evolving Poli-Economic Climate in Peru - More
- July 18, 2011 | Item | ShareThis
Omineca Commences Drilling Program at Kiwi Gold Project, Yukon Territory - More
- July 18, 2011 | Item | ShareThis
Rare Earth Metals Reports Additional Results on Preliminary Mineralogy Study from Lavergne-Springer Project, Near Sudbury, ON - More
- July 18, 2011 | Item | ShareThis
Telferscot Resources Completes Acquisition of Copper-Cobalt Exploration Company - More
- July 18, 2011 | Item | ShareThis
SEMAFO Drills 4.29 g/t Au over 25 Meters at Mana's Fofina Area - More
- July 18, 2011 | Item | ShareThis
Zenyatta Ventures Ltd. and Constance Lake First Nation Sign Exploration Agreement; Motion for Injunction in Ontario Superior Court Dismissed - More
- July 18, 2011 | Item | ShareThis
Amarillo Shareholders Approve Rights Plan; Company Grants Options - More
- July 18, 2011 | Item | ShareThis
Solomon Stakes Rosie Claim Group in Southwest Yukon; Acquires 100% Interest in Grassroots Epithermal Gold Project - More
- July 18, 2011 | Item | ShareThis
Cluff Gold plc: Mr JG Cluff Is Appointed Non-Executive Chairman - More
- July 18, 2011 | Item | ShareThis
Gold Reach Updates Its Summer Programs on the Two 100% Owned Properties: Auro (Adjacent to New Gold) and Ootsa (Adjacent to the Producing Huckleberry Mine) - More
- July 18, 2011 | Item | ShareThis
Golden Predator Investigates Gold Recovery from Existing Heap Leach Pad at Brewery Creek Project, Yukon - More
- July 18, 2011 | Item | ShareThis
Riverstone Intersects 58 Metres Grading 1.13 g/t Gold at Karma - More
- July 18, 2011 | Item | ShareThis
Laurentian Goldfields Ltd. Completes Phase I Drilling at Thundercloud Property, Ontario - More
- July 18, 2011 | Item | ShareThis
Platinex Receives Additional Encouraging Till Results - More
- July 18, 2011 | Item | ShareThis
Mundoro Announces Properties Update, Voluntary TSX Delisting, Seeking TSX Venture Listing & New Board Appointment - More
- July 18, 2011 | Item | ShareThis
Wildcat Enhances Gold Potential in First Phase of Field Work at McVicar Project - More
- July 18, 2011 | Item | ShareThis
Wildcat to commence trading on the Toronto Stock Exchange on July 19, 2011 - More
- July 18, 2011 | Item | ShareThis
Tosca Reports 70 Feet (21.3 M) of 6.71% Cu Including 26 Feet (7.9 M) of 14.1% Cu at Red Hills High Grade Zone; Additional Drilling under Way - More
- July 18, 2011 | Item | ShareThis
Castle Peak Reports 5.0m of 1.4 g/t Au From Nkwanta, 13.0m of 1.0 g/t Au From Asuogya-Ayiem - More
- July 18, 2011 | Item | ShareThis
Harte Gold Corp.: Corporate Update - More
- July 18, 2011 | Item | ShareThis
Highbank Resources Ltd.: More Drill Targets Revealed from IP Survey on Highland Valley Property - More
- July 18, 2011 | Item | ShareThis
Moly Mines Reports Quarter Highlights - More
- July 18, 2011 | Item | ShareThis
Alix and Caribou Commence Work Program on Vault Property, Yukon - More
- July 18, 2011 | Item | ShareThis
Velocity Minerals Ltd. Plans Drill Program for Orogrande Project - More
- July 18, 2011 | Item | ShareThis
Southern Hemisphere Mining Limited: Major Copper Intercepts Confirm Potential for Significant Porphyry Deposit at Llahuin - More
- July 18, 2011 | Item | ShareThis
Kincora Copper Limited Closes Transaction with Origo Partners plc - More
- July 18, 2011 | Item | ShareThis
Cassius Ventures Ltd. Announces Commencement of 2011/2012 Exploration Program - More
- July 18, 2011 | Item | ShareThis
Avino Makes Further Progress at San Gonzalo and Guadalupe - More
- July 18, 2011 | Item | ShareThis
Calypso Uranium Announces Cameco Elects to Enter Into Year Two of Option Agreement - More
- July 18, 2011 | Item | ShareThis
Colorado Rare Earths, Inc. Enters into Agreement to Acquire U.S. Rare Earths, Inc. - More
- July 18, 2011 | Item | ShareThis
Molycorp To Report Second Quarter 2011 Financial Results on August 11 - More
- July 18, 2011 | Item | ShareThis
Prodigy Appoints Fred Mason Vice President - Operations - More
- July 18, 2011 | Item | ShareThis
Mineral Deposits Completes Retail Entitlement Offer - More
- July 18, 2011 | Item | ShareThis
Lithium Americas Announces Financial and Operating Results for Three Months Ended May 31, 2011 - More
- July 18, 2011 | Item | ShareThis
Carpathian Gold Inc. Announces $20 Million Strategic Placement by Barrick Gold Corporation - More
- July 18, 2011 | Item | ShareThis
Pitchstone Arranges Private Placement - More
- July 18, 2011 | Item | ShareThis
Belo Sun Mining Advances Volta Grande Project, Brazil-Awards Bankable Feasibility Study - More
- July 18, 2011 | Item | ShareThis
Magma Metals Limited: Major Ground Position Staked Around the Griffins Find Gold Project - More
- July 18, 2011 | Item | ShareThis
GGG Resources plc: Bullabulling Joint Venture-JORC Resource Update - More
- July 18, 2011 | Item | ShareThis
Minera IRL Announces Positive Prefeasibility Study, Ollachea Project, Peru - More
- July 18, 2011 | Item | ShareThis
Revett Provides Q2 2011 Operations and Rock Creek Litigation Update - "Revett Minerals Inc. (TSX:RVM - News) (NYSE Amex:RVM) today announced second quarter 2011 production from its Troy Mine in northwestern Montana of 342,822 ounces of silver and over 3.03 million pounds of copper production, a 65% increase in silver and 60% increase in copper production over the same period last year and 40% increase in silver and 51% increase in copper from the first quarter of 2011. Silver and Copper grades along with metal recoveries also improved, primarily from an increased production from the C Bed area." More
- July 18, 2011 | Item | ShareThis
Excellon Announces Appointments of New CEO & CFO - "The Board of Directors of Excellon Resources Inc. (TSX:EXN - News) is pleased to announce the appointment of a new President and Chief Executive Officer Jeremy Wyeth as well as the appointment of a new Chief Financial Officer Steve Poad." More
- July 18, 2011 | Item | ShareThis
Great Panther Silver Purchases New Silver-Gold Project in Guanajuato - "GREAT PANTHER SILVER LIMITED (TSX:GPR - News)(NYSE Amex:GPL) (the "Company") is pleased to announce the acquisition of four mining concessions, totaling 1,514 hectares, approximately 10-15 kilometres northeast of Guanajuato, Mexico (see maps on Great Panther Silver's website). The claims are located on the north-west extension of a system of multiple northwest-southeastern trending parallel structures that could be part of the "La Sierra" vein system. The La Sierra system is the most easterly of the three structural systems in the prolific Guanajuato district along with the main Veta Madre and the La Luz trends. Presently the Company is mining on the Veta Madre system at its Guanajuato Mine and exploring on the westerly La Luz system at the San Ignacio project." More
- July 18, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 18 July, 2011 | |
