-- Posted 25 July, 2011 | |
| Close | Gain/Loss |
Gold | $1611.90 | +$11.00 |
Silver | $40.29 | +$0.24 |
XAU | 218.47 | -0.86% |
HUI | 575.05 | -0.56% |
GDM | 1671.48 | -0.79% |
JSE Gold | 2546.49 | +8.98 |
USD | 74.14 | -0.08 |
Euro | 143.76 | +0.14 |
Yen | 127.67 | +0.27 |
Oil | $99.20 | -$0.67 |
10-Year | 3.004% | +0.040 |
T-Bond | 125.0625 | -0.78125 |
Dow | 12592.80 | -0.70% |
Nasdaq | 2842.80 | -0.56% |
S&P | 1337.43 | -0.56% |
The Metals:
Gold jumped to a new all-time high above $1620 at the open of trade in Asia and hit as high as $1621.49 in London before it pared its gains a bit in New York, but it still ended with a gain of 0.68% at a new all-time high. Silver surged to as high as $41.043 in London before it also fell back off a bit in New York, but it still ended with a gain of 2.39%.
Euro gold rose to about €1121, platinum lost $4.50 to $1787.25, and copper fell slightly to about $4.40.
Gold and silver equities traded slightly higher for most of the morning, but they then dipped midday and ended with modest losses.
The Economy:
Rival debt-ceiling deals revealed MarketWatch
Challenging Obama, House GOP unveils new debt bill Yahoo
‘Gang of Six’ Debt Plan Helps Derail Boehner’s Deal With Obama Bloomberg
U.S. Can Avoid Default at Least Until September, Silvia Says Bloomberg
10 More Banks Exit TARP by. . .Borrowing From Treasury Yahoo
Tomorrow at 9AM EST brings the Case-Shiller 20-city Index for May expected at -4.4% and at 10AM is Consumer Confidence for July expected at 56.0 and New Home Sales for June expected at 320,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell slightly along with the U.S. dollar index on worries about unresolved debt problems that also sent treasuries and the Dow, Nasdaq, and S&P modestly lower on the day.
“If an agreement is not reached by Aug. 2, the U.S. won't have enough cash to pay all its bills. That could have a catastrophic impact on financial markets. The U.S. would likely lose its coveted triple-A credit rating. Interest rates would rise for millions of consumers. And stocks could fall the way they did during the 2008 financial crisis, analysts say.”
Among the big names making news in the market today were Apple, E*Trade, Goldman Sachs, and RIM.
GATA Posts:
Murray Pollitt: End price suppression and let gold rise to reliquify world
Vietnam's inflation rises to 22%, highest among Asian economies
In a gold lovefest, shades of 1980
Ron Paul: We've defaulted three times already, so what's one more?
The Statistics:
Activity from: 7/22/2011
Gold Warehouse Stocks: | 11,432,710 | -32 |
Silver Warehouse Stocks: | 102,806,613 | +580,021 |
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 | 1241.769 | 39,924,130 | US$64,398m |
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$5,975m |
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$6,542m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,890 | US$736m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.09 | 1,546,133 | US$2,477m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,952 | US$8m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.909 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 151.50: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,849.17: No change from yesterday’s data.
The Miners:
WINNERS
1. Northern Dynasty | NAK +7.73% $11.57 |
2. Comstock | LODE +3.08% $3.35 |
3. Rubicon | RBY +2.37% $3.45 |
LOSERS
1. Almaden | AAU -6.14% $3.67 |
2. Midway Gold | MDW -5.60% $2.36 |
3. Pan American | PAAS-3.71% $32.52 |
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:
BE Resources Inc. Releases Corrected Rare Earth Assay Results from Drilling Program at the Warm Springs Beryllium & Rare Earth Project - More
- July 25, 2011 | Item | ShareThis
First Uranium receives Directive to Cease Operations at MWS - More
- July 25, 2011 | Item | ShareThis
Stratton Resources Completes $8.5 Million Financing and Appoints Management Team - More
- July 25, 2011 | Item | ShareThis
Victory Nickel Completes Reporting of North Limb Drilling at Minago Project - More
- July 25, 2011 | Item | ShareThis
Ethos Discovers 2.1 g/t Gold Near the Coffee Fault, Betty Property, White Gold District, Yukon - More
- July 25, 2011 | Item | ShareThis
Pachamama Resources Ltd.: 15,000 Metre Drill Program Commences at Rio Grande Cu-Au-Ag Project, Salta Province, Argentina - More
- July 25, 2011 | Item | ShareThis
Freeport Outlines Spanish Mountain Gold Developments - More
- July 25, 2011 | Item | ShareThis
Eagle Star Minerals Corp. Applies for New Phosphate and Potash Claims - More
- July 25, 2011 | Item | ShareThis
Alix Moves to Drill Breccia Pipe at Golden Zone, Alaska - More
- July 25, 2011 | Item | ShareThis
Plexmar Resources Inc.: Completion of a $417,000 Private Offering - More
- July 25, 2011 | Item | ShareThis
Terreno Resources Corp. Announces Increase to Private Placement - More
- July 25, 2011 | Item | ShareThis
Drill Results Confirm Continuity of Copper-Gold-Silver Sulfide Zone at Erdene's Nomin Project - More
- July 25, 2011 | Item | ShareThis
Century Mining Amends Forward Gold Purchase Agreement With Deutsche Bank and Confirms Start of North Wall Long Hole Stopes - More
- July 25, 2011 | Item | ShareThis
Globex Options Second Labrador Trough Iron Project - More
- July 25, 2011 | Item | ShareThis
Sundance to Commence Drilling at the Pluton Property in Mapimi, Durango, Mexico - More
- July 25, 2011 | Item | ShareThis
Grizzly Acquires Further Lands for the Alberta Potash Project - More
- July 25, 2011 | Item | ShareThis
ValGold Announces Additional Positive Drill Results from the Tower Mountain Gold Project - More
- July 25, 2011 | Item | ShareThis
Amex Starts Drilling at Nueva Escondida Property, Mexico - More
- July 25, 2011 | Item | ShareThis
Bravada Cuts 13.7m of 1.26g/t Au-eq in New Shallow Zone at Wind Mountain, Nevada - More
- July 25, 2011 | Item | ShareThis
Lucky Thirteen Placer Gold Project Evaluation Program Update - More
- July 25, 2011 | Item | ShareThis
Ditem: Lalande Rare Earth Exploration Program Underway - More
- July 25, 2011 | Item | ShareThis
Sandstorm Metals & Energy Announces US$20 Million Payment to Donner Metals - More
- July 25, 2011 | Item | ShareThis
Liberty Gold Corp. Acquires Arizona-Based Properties with Estimated Gold Equivalent Resources of 3.01 Million Ounces - More
- July 25, 2011 | Item | ShareThis
Romarco returns 23 meters of 45.8 g/t at Horseshoe - More
- July 25, 2011 | Item | ShareThis
Donner Metals Ltd.: Funds Received, Private Placement Closed - More
- July 25, 2011 | Item | ShareThis
La Quinta Resources Encounters 16.9m of 1.02 g/t Gold at Easter Project - More
- July 25, 2011 | Item | ShareThis
Hana Mining Grants Incentive Stock Options - More
- July 25, 2011 | Item | ShareThis
Sonora Resources Commences Preparations for Independent Report on Los Amoles Silver Property - More
- July 25, 2011 | Item | ShareThis
Sandstorm Gold Announces 19 Metres of 4.67 g/t and 53 Metres of 2.09 g/t at Luna Gold's Aurizona Mine - More
- July 25, 2011 | Item | ShareThis
Luna Gold Drills 19.00 Meters @ 4.67 g/t Au and 53.00 Meters @ 2.09 g/t Au at Aurizona - More
- July 25, 2011 | Item | ShareThis
Kilo Announces Appointment of New CEO - More
- July 25, 2011 | Item | ShareThis
Probe Mines Receives Preliminary Geophysical Results for a New Target at Borden Lake - More
- July 25, 2011 | Item | ShareThis
Seafield Reports Drilling Results from the Porphyry-Style Dosquebradas Target at Its Quinchia Gold District Project, Colombia - More
- July 25, 2011 | Item | ShareThis
Sono Resources Receives Final Ministry Approval and Closes the Acquisition of Copper and Silver Licenses in Botswana, Africa - More
- July 25, 2011 | Item | ShareThis
New Dimension Provides Update to Exploration Programs in the Yukon and NWT - More
- July 25, 2011 | Item | ShareThis
Douglas Lake Commences Drill Program on Its Kwandege (Handeni West) Gold Targets - More
- July 25, 2011 | Item | ShareThis
PBX Announces Exercise of Warrants for Proceeds of $2,845,875 - More
- July 25, 2011 | Item | ShareThis
PC Gold Drills 254 Metres of 0.78 g/t Gold at Central Pat East, Including 106 Metres of 1.0 g/t Gold and 6 Metres of 7.67 g/t Gold - More
- July 25, 2011 | Item | ShareThis
Molycorp Declares Preferred Dividends - More
- July 25, 2011 | Item | ShareThis
Premium Exploration Inc. Begins Trading on the OTCQX - More
- July 25, 2011 | Item | ShareThis
Quadra FNX Announces a 20% Increase in Second Quarter 2011 Production - More
- July 25, 2011 | Item | ShareThis
Belo Sun Intersects 62.50 Meters Grading 3.81 G/T Gold at the Grota Seca Deposit - More
- July 25, 2011 | Item | ShareThis
Great Western Minerals Group Signs Groundbreaking Heads of Terms to Build Rare Earth Separation Plant in South Africa - More
- July 25, 2011 | Item | ShareThis
Castle Resources Provides Granduc Copper Project Update - More
- July 25, 2011 | Item | ShareThis
Gold Hawk Announces Director Appointments - More
- July 25, 2011 | Item | ShareThis
CanAlaska Uranium identifies multiple conductors from ZTEM airborne geophysics surveys - More
- July 25, 2011 | Item | ShareThis
Mariana Resources Appoints New Non-Executive Director - More
- July 25, 2011 | Item | ShareThis
Revett Provides Rock Creek Permitting Update - "We were disappointed with the state courts ruling, but we must remember that the main body of work regarding critical habitat during the construction and operation of the Rock Creek mine remains the Biological Opinion issued by the US Fish & Wildlife Service in October, 2006. We believe that the Rock Creek mine, just like our operating Troy Mine, can operate at the highest possible level of environmental compliance and will be a source of pride for the state and communities of northwest Montana. We remain extremely grateful to the state agencies, and local businesses and organizations that strongly support the development of this project." More
- July 25, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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© Gold Seeker 2011
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-- Posted 25 July, 2011 | |
