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-- Posted 28 July, 2011 | |
| Close | Gain/Loss | Gold | $1612.90 | -$1.90 | Silver | $39.81 | -$0.80 | XAU | 210.14 | -1.04% | HUI | 554.80 | -0.73% | GDM | 1611.68 | -0.64% | JSE Gold | 2403.02 | -50.80 | USD | 74.23 | +0.11 | Euro | 143.08 | -0.58 | Yen | 128.63 | +0.42 | Oil | $94.77 | +$0.04 | 10-Year | 2.951% | -0.029 | T-Bond | 126.0625 | +0.40625 | Dow | 12240.11 | -0.51% | Nasdaq | 2766.25 | +0.05% | S&P | 1300.67 | -0.32% |
The Metals: Gold climbed $5.13 to $1619.93 by a little after 8AM EST before it fell back to $1602.55 by late morning in New York, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.12%. Silver fell to as low as $39.342 before it also rallied back higher, but it still ended with a loss of 1.97%. Euro gold climbed to about €1127, platinum lost $15.60 to $1785.20, and copper gained a couple of cents to about $4.46. Gold and silver equities fell over 2% by midmorning before they rallied back higher midday, but they still ended with about 1% losses. The Economy: Report | For | Reading | Expected | Previous | Initial Claims | 7/23 | 398K | 415K | 422K | Pending Home Sales | June | 2.4% | -3.0% | 8.2% |
Container-Ship Plunge Signals U.S. Slowdown Bloomberg House Debt-Limit Vote Sets Stage for Showdown Bloomberg Treasury Will Say How U.S. Will Pay Bills If Debt-Ceiling Deal Not Reached Bloomberg Foreclosure Filings Decline in 84% of U.S. Cities Bloomberg Tomorrow at 8:30AM EST brings second quarter GDP expected at 1.7%, the GDP Deflator expected at 2.0%, and the Employment Cost Index expected at 0.5%. At 9:45 is Chicago PMI for July expected at 58.0, and at 9:55 is Michigan Sentiment for July expected at 63.8. The Markets: 
Charts Courtesy of http://finance.yahoo.com/ Oil edged higher on worries over a tropical storm headed towards the Texas Coast. The U.S. dollar index rose along with the Dow, Nasdaq, and S&P on better than expected economic data for most of the day, but debt concerns dragged the Dow and S&P back lower by the close. Treasuries remained higher after today’s $29 billion 7-year note auction sold at a high yield of 2.28% with a bid to cover of 2.63. Among the big names making news in the market today were Sprint, JetBlue, HSBC, Credit Suisse, Exxon, Time Warner, and Baidu. GATA Posts: 
Gene Arensberg: Charts mark path to new era of hard-money currency New Yukon gold rush video evokes GATA's 2005 conference. The Statistics: Activity from: 7/26/2011 Gold Warehouse Stocks: | 11,432,388 | -322 | Silver Warehouse Stocks: | 102,469,877 | +694,562 |
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 | 1244.799 | 40,021,522 | US$64,553m | 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$5,979m | 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 | 473,874 | US$737m | Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.09 | 1,546,048 | US$2,512m | NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,952 | US$8m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.03 tonnes. COMEX Gold Trust (IAU) Total Tonnes in Trust: 155.74: +0.91 change from yesterday’s data. Silver Trust (SLV) Total Tonnes in Trust: 9,915.86: No change from yesterday’s data. The Miners: Rubicon’s (RBY) closed private placement, Eldorado’s (EGO) dividend, Gold Fields’ (GFI) mine fatalities, NovaGold’s (NG) Prefeasibility Study results, Brigus Gold’s (BRD) drill results, Barrick’s (ABX) second quarter results, and Gold Resource’s (GORO) dividend were among the big stories in the gold and silver mining industry making headlines today. WINNERS 1. Rubicon | RBY+29.91% $4.17 | 2. Vista Gold | VGZ +4.47% $3.27 | 3. Kimber | KBX +3.65% $1.99 |
LOSERS 1. Golden Minerals | AUMN-6.58% $14.62 | 2. Agnico Eagle | AEM -5.69% $56.83 | 3. Minco Gold | MGH -5.45% $1.56 |
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: UC Resources Starts Drilling Program on McFaulds Lake Property - More
- July 28, 2011 | Item | ShareThis
Estrella Gold Announces Closing of $250,000 Private Placement Financing - More
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The Environmental Assessment Process Moves to Information Request Phase for Tyhee's Wholly-Owned Yellowknife Gold Project, Northwest Territories, Canada - More
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Rubicon Minerals Announces Closing of C$70,000,000 Strategic Investment by Agnico-Eagle Mines Limited - "Rubicon Minerals Corporation (RMX:TSX | RBY:NYSE-AMEX) ("Rubicon") is pleased to announce that the strategic investment of C$70,000,000 in Rubicon by Agnico-Eagle Mines Limited ("Agnico-Eagle") by way of a non-brokered private placement of common shares has closed." More
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AuRo Resources Closes White Gold Transaction & Commences Exploration on Key Properties - More
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High Pure Quartz Product Produced From Basic Flotation of Primary Clay Material - More
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Lake Victoria Mining Company Reports Progressive Exploration Plans For Gold Projects In Tanzania, East Africa - More
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Romios Gold Closes $3.25 Million Financing and Offers Up to a Further $1.986 Million of WC Units - More
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Seafield Mobilizes Additional Diamond Drill Rig at Its Miraflores Property in Quinchia, Colombia - More
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THEMAC Resources Group Enters into Amending Loan Agreement with Tulla Resources Group Pty Ltd. - More
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Eldorado Gold Announces Dividend Payment of CDN $0.06 per Share - "On July 28, 2011 the Board of Directors of Eldorado Gold Corporation (TSX: ELD - News)(NYSE: EGO - News)(ASX: EAU.AX - News) declared that the Company will pay an eligible dividend of CDN$0.06 per Common Share on August 26, 2011 (Vancouver time) to the holders of the Company's outstanding Common Shares (held directly or indirectly through CHESS Depositary Interests ("CDIs") as of the close of business on the record date of August 12, 2011 (Vancouver time). The total amount of this dividend represents approximately $100 per ounce of gold sold by Eldorado in the first half of 2011." More
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Gold Fields Fatalities at KDC Mine - "Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) regrets to announce the death of two employees at the Number 7 Shaft at its KDC East (formerly Kloof) mine after a seismic-related accident. Another five employees were injured, of whom two were hospitalised and are in a stable condition. The other three employees suffered only minor injuries." More
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Firestone Ventures Commences Drilling at Black Mountain Zinc-Lead-Silver Project, Nevada - More
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Duluth Metals Announces Dividend of Special Warrants of Duluth Exploration Limited to its Shareholders - More
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Goldrea's Golden Rose Produces 1,289 Tonne Stockpile Grading 2.203 Grams Per Tonne Au in June and Director Resignation - More
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Nevada Copper Obtains 100% of Water Needs for the Pumpkin Hollow Project - More
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Duluth Metals Announces Dividend of Special Warrants of Duluth Exploration Limited to its Shareholders - More
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Diamonds North Nickel Airborne Survey Completed on Amaruk - More
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Premium Exploration Completes 35% of 10,000 Soil Campaign at Unglaciated Idaho Gold Project - More
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Robex Resources Inc./Nampala: The Mineralisation Potential Continues to Depths Beyond 300 Meters - More
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Matamec Extends its Kipawa Deposit - More
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Lexam VG Gold Inc.: Drilling at Buffalo Ankerite Returns More Positive Exploration Results - More
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Otish Samples up to 1940.0 Grams Per Tonne at Purini Project, Guyana - More
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Dalradian Reports Regional Gold and Base Metal Targets for the Tyrone Project. Drill Rig 6 Arrives to Start Scout Drilling Program - More
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Cerro Grande Mining Corporation Announces Information To Be Available Through Standard & Poor's Market Access Program - More
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Bravada Options Signal Property to Terra Rossa Gold Ltd. - More
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Aldrin to Commence Diamond Core Drilling at IND Project - More
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Millrock Announces Drilling Results at Uncle Sam Gold Project, Alaska - More
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Pitchstone Closes Financing and Begins Athabasca Drilling - More
- July 28, 2011 | Item | ShareThis
Riverside Resources' Partner Mexigold Corp. Commences Exploration Targeting Work Programs at the Catrina and Pedernal Gold Projects in Durango, Mexico - More
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Solvista Gold to Commence Drill Program on Guadalupe Project in Fourth Quarter - More
- July 28, 2011 | Item | ShareThis
Choice Gold Corp. Expands Drilling at Sugarloaf Peak to 24 Hours per Day - More
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Advanced Explorations Inc. Moving Forward at Tuktu and Roche Bay Iron Projects - More
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New Public Relations Firm for Pro-Or: Contract Awarded to First Canadian Capital Corporation - More
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NMC Reports Increase in Molybdenum Values at NMC Moland Mine - More
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Denison Announces Commencement of Phase 2 Drilling Program on Mutanga Project, Zambia - More
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Major Molycorp Rare Earth Supply Contract is Modified to Better Reflect Current Pricing - More
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B2Gold Corp. Reports Second Quarter 2011 Gold Production and Provides Limon Mine Update - More
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East Asia Minerals Provides Corporate Update to Shareholders - More
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Drilling Continues to Intersect & Expand Mineralization at Niblack - More
- July 28, 2011 | Item | ShareThis
Spanish Mountain Gold Reports Interim Drilling Results - More
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Pacific Ridge Drills New Yukon Gold Discovery: First Hole Intersects 2.44 Grams Per Tonne Gold Over 38.9 Metres At Mariposa in White Gold District - More
- July 28, 2011 | Item | ShareThis
Portex Minerals Inc. Provides Operational Update - More
- July 28, 2011 | Item | ShareThis
Macusani Receives More High-Grade Drill Results From Kihitian Property and Engages The Equicom Group as Investor Relations Consultant - More
- July 28, 2011 | Item | ShareThis
Crescent Resources Reports Phase One Drill Results Confirming Near Surface Gold Mineralization, Including 11.40 Meters at 4.86 g/t Gold - More
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Sono Resources Begins Exploration Program With High Resolution Magnetic Survey on Its Copper/Silver Concession in Botswana, Africa - More
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Crocodile Gold to Bring Rising Tide Deposit Into Near-Term Mine Plan - More
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VMS Ventures Intersects Second Copper Occurance at Cowan River Snow Lake, Manitoba - More
- July 28, 2011 | Item | ShareThis
American Manganese Joins the Frankfurt Exchange - More
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Bannerman Receives Environmental Approval for Linear Infrastructure at Etango - More
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NovaGold Highlights the Value and Potential of Its Copper Assets - "Following the completion of the Prefeasibility Study ("PFS") for its 50%-owned Galore Creek copper-gold-silver project in northern British Columbia, and recently completed Preliminary Economic Assessment ("PEA") of its 100%-owned Ambler high-grade copper-zinc-lead-gold-silver project in northwest Alaska, NovaGold Resources Inc. ("NovaGold" or the "Company") (TSX: NG - News)(AMEX: NG - News) today highlighted the value and development potential of its copper assets and announced definitive steps to bring their valuation more in line with current metals prices. All amounts are in Canadian dollars unless otherwise indicated." More
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Brigus Continues to Intersect High Grade Gold at the 147 Gold Zone at the Black Fox Complex - "Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD) (TSX:BRD.to - News) is pleased to announce continued excellent results within the 147 Zone including 20.11 grams per tonne (“gpt”) over 16.00 metres (“m”) which includes 34.06 gpt over 5.00 m." More
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Barrick Reports Q2 2011 Financial and Operating Results - "Q2 production was 1.98 million ounces of gold at total cash costs of $445 per ounce and net cash costs of $338 per ounce. The Company is on track to achieve its full year operating guidance of 7.6-8.0 million ounces at total cash costs of $450-$480 per ounce and significantly lower expected net cash costs of $290-$320 per ounce compared to previous guidance of $340-$380 per ounce, positioning Barrick as one of the lowest cost senior gold producers." More
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Gold Resource Corporation Declares July Special Cash Dividend - "Gold Resource Corporation (NYSE Amex: GORO) is pleased to announce it has declared its July Special Cash Dividend of $0.04 per common share payable on August 23, 2011 to shareholders of record as of August 11, 2011. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico." More
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NovaGold Announces Prefeasibility Study Results for Galore Creek Project - "NovaGold Resources Inc. announces the results of the Prefeasibility Study ("PFS") for its Galore Creek copper-gold-silver project ("the Project"). The Galore Creek property is owned by a partnership owned equally by subsidiaries of NovaGold and Teck Resources Limited ("Teck") (NovaGold and Teck together "the Partners") and managed by Galore Creek Mining Corporation ("GCMC"). An independent technical report will be completed by AMEC Americas Limited ("AMEC") and Lemley International ("Lemley") that will be based on the Prefeasibility Study completed by GCMC. NovaGold will host a conference call in relation to this release at 10:30am EDT/7:30am PDT on July 28, 2011. Details are provided later in this release." More
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- 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 28 July, 2011 | |
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