-- Posted 19 July, 2011 | |
| Close | Gain/Loss |
Gold | $1600.60 | -$1.55 |
Silver | $40.22 | +$0.01 |
XAU | 217.84 | -0.74% |
HUI | 568.73 | -1.45% |
GDM | 1655.71 | -1.59% |
JSE Gold | 2601.70 | -19.55 |
USD | 75.21 | -0.16 |
Euro | 141.43 | +0.31 |
Yen | 126.19 | -0.32 |
Oil | $97.50 | +$1.57 |
10-Year | 2.891% | -0.018 |
T-Bond | 126.625 | +0.9375 |
Dow | 12587.42 | +1.63% |
Nasdaq | 2826.52 | +2.22% |
S&P | 1326.73 | +1.63% |
The Metals:
Gold rose $7.65 to a new record high of $1609.80 in Asia before it fell back off in London to as low as $1597.75 by about 9:35AM EST, but it then bounced back higher in New York and ended with a loss of just 0.1%. Silver surged to as high as $40.843 in Asia before it fell back to $39.911 by a little before 8AM, but it also bounced back higher in New York and ended with a gain of 0.02%.
Both metals are falling in afterhours trade, however, in reaction to news that the “gang of 6” has “reached agreement on a major plan to cut the deficit by more than $4 trillion over the coming decade in what could be a bold entry into a debate on the deficit long bogged-down by bitter partisanship.”
“A bipartisan group of U.S. senators on Tuesday revived an ambitious budget plan that could provide new ideas for breaking the impasse in Congress over raising the nation's credit limit by August 2.
President Barack Obama threw his support behind the proposal by the "Gang of Six" senators, saying it was broadly consistent with his approach on reducing debt and deficits.”
This plan looks as if it would pass the Senate, but doubts still exist about the response from the House. Reactions are sure to be released soon.
Euro gold fell to about €1130, platinum gained $2.50 to $1769.50, and copper gained over 6 cents to about $4.46.
Gold and silver equities fell as much as 2% by early afternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | June | 629K | 570K | 549K |
Building Permits | June | 624K | 609K | 609K |
As debt debate begins, Obama praises 'Gang' plan Yahoo
5 States’ Debt Ratings on Review by Moody’s Bloomberg
Gang of 6 deficit effort gains momentum Yahoo
Tomorrow at 10AM EST brings Existing Home Sales for June expected at 4,930,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on better than expected housing data that raised demand expectations.
The U.S. dollar index fell as the euro rose on hopes that a solution to Greece’s debt problems will be reached at an EU summit later this week.
Treasuries rose as yields fell on easing debt worries.
The Dow, Nasdaq, and S&P rose on better than expected earnings reports and optimism that debt deals will be reached in both the US and Europe.
Among the big names making news in the market today were State Street, Coca-Cola, IBM, Goldman Sachs, Wells Fargo, Borders, Bank of America, News Corp., and Apple.
GATA Posts:
GATA's London conference nears capacity but there's still a little room
Larry Edelson: Bernanke out of bullets? Heck, no!
Gensler's struggles mark regulatory changes
The Statistics:
Activity from: 7/18/2011
Gold Warehouse Stocks: | 11,437,183 | - |
Silver Warehouse Stocks: | 101,773,588 | +580,987 |
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 | 1249.343 | 40,167,627 | US$64,293m |
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$6,497m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,922 | US$724m |
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 13.33 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 150.02: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,673.36: +39.41 change from yesterday’s data.
The Miners:
Randgold’s (GOLD) Kibali relocation programme, Allied Nevada’s (ANV) drill results, Lake Shore’s (LSG.TO) production results, and MAG Silver’s (MVG) JV update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Resource | GORO+3.54% $26.88 |
2. Gold Reserve | GRZ +2.99% $2.41 |
3. Ivanhoe | IVN +2.30% $26.69 |
LOSERS
1. Midway | MDW-6.20% $2.57 |
2. Comstock | LODE-6.10% $3.08 |
3. Golden Star | GSS -5.84% $2.74 |
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:
Soltoro Closes $4.5M Financing With Coeur d'Alene Mines - More
- July 19, 2011 | Item | ShareThis
Wesgold Amends $2.0 Million Financing - More
- July 19, 2011 | Item | ShareThis
Troymet Announces $1,000,000 Private Placement - More
- July 19, 2011 | Item | ShareThis
Lexam VG Gold Inc. Acquires Shares of Uranium Valley Mines Ltd. - More
- July 19, 2011 | Item | ShareThis
Compass Gold Corporation: Initial Drill Results at Yanfolila-Solona Target - More
- July 19, 2011 | Item | ShareThis
Glass Earth Gold Announces Significant Gold Results at Muirs Prospect in New Zealand - More
- July 19, 2011 | Item | ShareThis
Redstar Closes Private Placement - More
- July 19, 2011 | Item | ShareThis
Golden Phoenix Joint Venture Partner Scorpio Gold Provides Gold Sale and Operations Update at the Mineral Ridge Gold Project, Nevada - More
- July 19, 2011 | Item | ShareThis
Merrex RC Drilling Continues to Extend 1A and 1B Mineralized Zones - More
- July 19, 2011 | Item | ShareThis
Nuinsco Provides Update on Status of Bukari Concession in Egypt - More
- July 19, 2011 | Item | ShareThis
Ur-Energy Announces Start of 2011 Drilling Program - More
- July 19, 2011 | Item | ShareThis
Golden Peaks Resources Ltd. Drills 15.5 Metres at 3.1 (g/t) Gold, Sulawesi Indonesia - More
- July 19, 2011 | Item | ShareThis
Full Metal Zinc Appoints Mr. Al Paterson to Board of Directors and Grants Stock Options - More
- July 19, 2011 | Item | ShareThis
Manson Creek Expands Tell Claim Block, Yukon - More
- July 19, 2011 | Item | ShareThis
Silver Sun Announces Resignation of Michael Johnson and Grant of Options - More
- July 19, 2011 | Item | ShareThis
Gowest Announces $3,200,000 Offering - More
- July 19, 2011 | Item | ShareThis
Blackstone Signs Norbotten Option and Joint Venture Agreement - More
- July 19, 2011 | Item | ShareThis
TerraX samples 13.3 g/t Au and 670 g/t Ag at Stewart Property in Newfoundland; drilling to begin in August to test large (6 km x 1.4 km) epithermal/porphyry - More
- July 19, 2011 | Item | ShareThis
Golden Star Reports Preliminary Operational Results and Guidance and Schedules Second Quarter 2011 Results Conference Call - More
- July 19, 2011 | Item | ShareThis
Eagle Plains/Rosedale Commence Airborne Geophysical Survey on Rohan Copper-Gold Project, NW British Columbia - More
- July 19, 2011 | Item | ShareThis
Sona Commences 5,000-Metre Surface Drill Program at Its Blackdome Gold Mine - More
- July 19, 2011 | Item | ShareThis
AMEC Starts Preliminary Economic Assessment of Columbia Yukon's Storie Property Molybdenum Deposit - More
- July 19, 2011 | Item | ShareThis
New Guinea Gold Announces Company Update - More
- July 19, 2011 | Item | ShareThis
Trevali finalizes Cooperation and Impact Benefits Agreement with Mi'gmag First Nations of New Brunswick - More
- July 19, 2011 | Item | ShareThis
Rare Earth Metals' Consultant Lifton Provides Favourable Outlook on Clay-Howells Project - More
- July 19, 2011 | Item | ShareThis
Alix 2011 Drill Program Begins at Golden Zone Property, Alaska - More
- July 19, 2011 | Item | ShareThis
Ucore Reports on 2011 Bokan Field Program - More
- July 19, 2011 | Item | ShareThis
Eagle Hill Continues to Expand Gold Zones at Windfall Lake - More
- July 19, 2011 | Item | ShareThis
Trueclaim is Pleased to Announce the Latest Results From Its Delineation Drill Program as It Moves Towards Building a Compliant Resource at Scadding - More
- July 19, 2011 | Item | ShareThis
Uranium North Initiates Program on the Nowyak Gold and Silver Property in Preparation for Drilling - More
- July 19, 2011 | Item | ShareThis
Ryan Gold Provides Exploration Update - More
- July 19, 2011 | Item | ShareThis
Ring of Fire Resources Inc. Presents Historical Data for "Project 81" Mineral Properties near Timmins, Ontario - More
- July 19, 2011 | Item | ShareThis
Siga Resources Announces Joint Venture on Big Bear Mining Claims in San Bernardino County, California - More
- July 19, 2011 | Item | ShareThis
Strike Gold Updates & Mobilizes on Satterly Lake - More
- July 19, 2011 | Item | ShareThis
Axiom Gold and Silver Corp. President's Letter - More
- July 19, 2011 | Item | ShareThis
International Millennium Mining Corp.: Private Placement Announced - More
- July 19, 2011 | Item | ShareThis
Benton Provides Update on Spin-Out Proposal - More
- July 19, 2011 | Item | ShareThis
Sutter Gold Enhances Senior Management and Begins Building Development and Operational Team for the Lincoln Mine Project - More
- July 19, 2011 | Item | ShareThis
Solitaire Minerals Corp. Continues its Work Program on the Red Lake North Project and Provides Property Updates - More
- July 19, 2011 | Item | ShareThis
Mill Bay Ventures Reports 1.22 G/T Au Over 1.31M at Valentine Mountain - More
- July 19, 2011 | Item | ShareThis
Andover Completes 2011 Drill Program, Sun Property Alaska - More
- July 19, 2011 | Item | ShareThis
Wildcat Drill Results Include 52 metres of 369 g/t Silver Continuing to Support Extension of Mineralization - More
- July 19, 2011 | Item | ShareThis
Sonora Resources Announces Incorporation of Mexican Subsidiary - More
- July 19, 2011 | Item | ShareThis
Selwyn Continues To Confirm Don Deposit Mineralization - More
- July 19, 2011 | Item | ShareThis
Excelsior Reports Indicated Resource of 3.2 Billion Pounds Oxide Copper at North Star - More
- July 19, 2011 | Item | ShareThis
GoldQuest Announces Granting of Lago Concession in Spain and Initiation of Exploration - More
- July 19, 2011 | Item | ShareThis
Barkerville Receives $8,529,375 From Warrant Exercise-All Warrants From Previous Financing Exercised - More
- July 19, 2011 | Item | ShareThis
Concordia Receives Significant Silver Results From Confirmation Channel Sampling at Its Providencia Property in Argentina - More
- July 19, 2011 | Item | ShareThis
Quaterra Delineates High-Grade, Acid-Soluble Copper Zone at MacArthur - More
- July 19, 2011 | Item | ShareThis
AurCrest Gold Announces Grant of Stock Options - More
- July 19, 2011 | Item | ShareThis
China Gold International Update Regarding Release of Jiama Resource Estimation - More
- July 19, 2011 | Item | ShareThis
Foran Awards Environmental and Engineering Studies for McIlvenna Bay - More
- July 19, 2011 | Item | ShareThis
Eastplats Reports Production Results for the Quarter Ended June 30, 2011 - More
- July 19, 2011 | Item | ShareThis
Argentex Mining Corporation Announces C$10,005,000 Bought Deal Financing - More
- July 19, 2011 | Item | ShareThis
San Marco Resources Samples High Grade Zones at Tecomate - More
- July 19, 2011 | Item | ShareThis
Rockland Exploration Update - More
- July 19, 2011 | Item | ShareThis
Cresval Work Program at New Raven Gold Project in Progress - More
- July 19, 2011 | Item | ShareThis
Significant Progress is Being Made at Northland's Kaunisvaara Project Site - More
- July 19, 2011 | Item | ShareThis
Orsa Options Ashby Property, Nevada, from Bridgeport Ventures - More
- July 19, 2011 | Item | ShareThis
Lydian Releases Robust Drill Results Ahead of Preliminary Economic Assessment at Amulsar Project Armenia - More
- July 19, 2011 | Item | ShareThis
Bridgeport Ventures Inc. Announces Option Agreement with Orsa Ventures on the Ashby Property and Updates Gold Exploration Activities in Nevada, USA - More
- July 19, 2011 | Item | ShareThis
Rugby Discovers Gold Mineralization at Mabuhay Project, Philippines - More
- July 19, 2011 | Item | ShareThis
Alto Ventures and Pacific North West Capital Commence First Phase of Exploration Program on the Destiny Gold Project, Val d'Or, Quebec - More
- July 19, 2011 | Item | ShareThis
American Manganese Inc.: Drill Hole Ap11-87 Returns 6.47% Manganese Over 15.6 Meters (50 Feet) Within 37.5 Meters (120 Feet) of 3.95% Manganese - More
- July 19, 2011 | Item | ShareThis
Northland Commissions Metso to Supply Comminution Services - More
- July 19, 2011 | Item | ShareThis
Mariana Resources Limited: Option to Acquire 100% of the Gold-Silver Jiguata Project, Northern Chile - More
- July 19, 2011 | Item | ShareThis
Randgold Kibali relocation programme starts - "The Kibalirelocation programme has started with the move of the first people fromwithin the giant gold project's development zone to the speciallydesigned and built model town of Kokiza, which has been established toprovide a new home for the residents of the 14 affected villages." More
- July 19, 2011 | Item | ShareThis
MAG Silver Provides Update on Juanicipio Joint Venture - "At a recent board of directors meeting of Minera Juanicipio, the board unanimously approved a resolution whereby Minera Juanicipio will hire a qualified and internationally recognized independent consultant to carry out an independent resource estimate based on drilling done on the property up to June 2011. This resource estimate will comply with the provisions of National Instrument 43-101- Standards of Disclosure for Mineral Projects ("NI 43-101") and, once finalized, will then be used by AMC as a basis for the AMC Study. The updated resource estimate will utilize data from the ongoing 2011 drill program designed to convert as much as possible of the resource from the inferred category to an indicated category and therefore is expected to allow AMC to prepare a study with a higher confidence level mine production and mine design plan. The final AMC Study will also include certain tradeoff studies approved by the Minera Juanicipio board of directors." More
- July 19, 2011 | Item | ShareThis
Allied Nevada Reports Continued Drilling Success at Hasbrouck and Discovery of the Franco Zone with Results Including 97 Meters of 2.3 g/t Gold and 34g/t Silver - "Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV - News)(NYSE Amex:ANV) is pleased to provide highlights from recent drilling at its wholly owned Hasbrouck project located five miles south of Tonopah, Nevada. Recent assay results indicate the discovery of two new zones of higher grade gold and silver mineralization east of the Saddle Zone." More
- July 19, 2011 | Item | ShareThis
Lake Shore Gold Releases Production Results for Second Quarter and First Six-Months of 2011, Reviews 2011 Outlook - "For the second quarter of 2011, gold sales totaled 18,988 ounces while gold poured was 17,421 ounces. A total of 162,974 tonnes at an average grade of 3.55 grams per tonne were processed for 17,615 ounces of recovered gold. During the first six months of 2011, gold sales totaled 52,942 ounces while 43,321 ounces of gold were poured. A total of 311,374 tonnes at an average grade of 4.16 grams per tonne were processed for 39,942 ounces of recovered gold." More
- July 19, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 19 July, 2011 | |
