-- Posted 29 August, 2011 | |
| Close | Gain/Loss |
Gold | $1787.90 | -$6.40 |
Silver | $40.52 | -$0.46 |
XAU | 215.31 | -0.29% |
HUI | 592.17 | -0.81% |
GDM | 1718.59 | -0.92% |
JSE Gold | 2628.67 | -0.55 |
USD | 73.70 | -0.05 |
Euro | 145.10 | +0.12 |
Yen | 130.18 | -0.27 |
Oil | $87.27 | +$1.90 |
10-Year | 2.271% | +0.083 |
T-Bond | 136.8125 | -1.34375 |
Dow | 11539.25 | +2.26% |
Nasdaq | 2562.11 | +3.32% |
S&P | 1210.08 | +2.83% |
The Metals:
Gold rose over $30 in afterhours access trade on Friday and held over 1% higher in Asia today before it fell in early New York trade to as low as $1778.78 by about 10:15 AM EST, but it then bounced back higher in the last few hours of trade and ended with a loss of just 0.36%. Silver dropped to as low as $40.415 before it also rebounded, but it still ended with a loss of 1.12%.
Euro gold fell to about €1233, platinum lost $4.75 to $1816.25, and copper dropped a penny to about $4.09.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | July | 0.3% | 0.4% | 0.2% |
Personal Spending | July | 0.8% | 0.5% | -0.1% |
PCE Prices - Core | July | 0.2% | 0.2% | 0.2% |
Pending Home Sales | June | -1.3% | -1.4% | 2.4% |
Central Bankers Urge Governments to Keep Global Economic Expansion Intact Bloomberg
Jobs, ISM reports may spark more recession talk
Tomorrow at 9AM EST brings the Case-Shiller 20-city Index for June expected at -4.7% and at 10AM is Consumer Confidence for August expected at 52.0.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on better than expected economic data that raised demand expectations.
The U.S. dollar index ended slightly lower on lingering worries about a recession.
Treasuries fell as the Dow, Nasdaq, and S&P rose on relief over minimal damage from hurricane Irene.
Among the big names making news in the market today were Donaldson Co., Samsung, and Bank of America.
GATA Posts:
Karl Denninger: Real people say 'screw you' to the markets
Walker Todd: Fed's lending against equities was as good as buying them
Record prices spawn new wave of China gold bugs
Alasdair Macleod: Gold, politics, and Venezuela
Ambrose Evans-Pritchard: Euro bailout in doubt as 'hysteria' sweeps Germany
GoldSeek's Peter Spina describes bypassing the mainstream media
The Statistics:
Activity from: 8/25/2011
Gold Warehouse Stocks: | 11,579,080 | +32 |
Silver Warehouse Stocks: | 105,325,155 | +560,514 |
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 | 1230.799 | 39,571,434 | US$70,729m |
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$6,722m |
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$7,355m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,703 | US$818m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 45.65 | 1,467,647 | US$2,624m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,950 | US$9m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.515 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.52: -0.59 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,721.05: +15.15 change from yesterday’s data.
The Miners:
AuRico’s (AUQ) agreement to acquire Northgate (NXG), Gold Resource’s (GORO) shareholder update, Impact’s (IPT.V) second quarter results, and Silvercorp’s (SVM) AGM and were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northgate | NXG +27.94% $4.03 |
2. Golden Minerals | AUMN+12.11% $14.07 |
3. Entree | EGI +10.18% $1.84 |
LOSERS
1. AuRico | AUQ-18.46%$11.35 |
2. Jaguar | JAG -5.12% $6.12 |
3. Richmont | RIC -3.47% $9.46 |
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:
Molycor Announces Non-Brokered Private Placement - More
- August 29, 2011 | Item | ShareThis
Cortez Gold Corp.: Further Clarification and Retraction of Previously Issued Technical Disclosure Regarding Petlacala and Real de Guadalupe Projects - More
- August 29, 2011 | Item | ShareThis
Apella Resources Participates in the Province of Quebec's Trade Delegation to China -Chris Chu Named to Board - More
- August 29, 2011 | Item | ShareThis
Hathor Urges No Action by Shareholders in Response to Cameco Offer - More
- August 29, 2011 | Item | ShareThis
Geodex Engages Venture North for Investor Relations - More
- August 29, 2011 | Item | ShareThis
African Metals Corporation exceeds projected targets with resource update at the Luisha South Project, Katanga Provence, Democratic Republic of Congo - More
- August 29, 2011 | Item | ShareThis
Royal Standard Transitions Existing Bridge Loan Into US$8,000,000 Gold Stream Debt Facility - More
- August 29, 2011 | Item | ShareThis
Silver Range Resources Ltd. Announces Granting of Incentive Stock - More
- August 29, 2011 | Item | ShareThis
Ur-Energy Progresses With Permitting of Lost Creek Project - More
- August 29, 2011 | Item | ShareThis
Sandstorm Metals & Energy Announces US$15 Million Payment to Thunderbird Energy - More
- August 29, 2011 | Item | ShareThis
Adroit Updates Exploration on the Red Vein Volcanogenic Massive Sulphide (VMS) Property: Summer Programme - More
- August 29, 2011 | Item | ShareThis
Brewery Creek's Expanding Sleeman Discovery Encounters Gold and Silver Mineralization; Drilling to Commence at Antimony and Eureka Projects - More
- August 29, 2011 | Item | ShareThis
Tajiri Resources Receives TSX Venture Exchange Approval for Its INCA Property Acquisition - More
- August 29, 2011 | Item | ShareThis
Kermode Acquires Buzz Lake Manitoba Gold Project - More
- August 29, 2011 | Item | ShareThis
Glass Earth Gold Limited: FINANCIAL STATEMENTS and MANAGEMENT'S DISCUSSION & ANALYSIS for the Second Quarter Ended June 30, 2011 - More
- August 29, 2011 | Item | ShareThis
Victory Resources Corporation - 2nd stage drilling underway on Reforma - More
- August 29, 2011 | Item | ShareThis
First Uranium enters Management Agreement with BEE Company - More
- August 29, 2011 | Item | ShareThis
Ethos Expands "Mascot Creek" Gold Soil Anomaly Area Near the Coffee Fault, Betty Property, White Gold District, Yukon - More
- August 29, 2011 | Item | ShareThis
Lone Star Gold, Inc. Secures $15 Million Equity Financing Agreement - More
- August 29, 2011 | Item | ShareThis
Platinum Group Metals North Limb Platinum Exploration Update - More
- August 29, 2011 | Item | ShareThis
Starcore International Mines Ltd.: Production Results for San Martin Mine for the Year Ended July 31, 2011 - More
- August 29, 2011 | Item | ShareThis
Stellar Pacific Ventures Inc. Enters into a Joint Venture Agreement with Newmont Ventures Limited for Namarana Property, in Mali - More
- August 29, 2011 | Item | ShareThis
Prospero Silver IP Survey Further Defines 1,400m X 900m Target at Campana Project, Mexico - More
- August 29, 2011 | Item | ShareThis
Mawson West Announces Positive Feasibility Study for Dikulushi Cutback Project - More
- August 29, 2011 | Item | ShareThis
Preliminary Metallurgical Test Work Indicates Superior Gold Recoveries Using Flotation Processing Methods at Golden Touch's Albanian Gold Project - More
- August 29, 2011 | Item | ShareThis
PBX Drills 113.6 Meters With 0.36% Copper Equivalent at Copaquire - More
- August 29, 2011 | Item | ShareThis
Critical Elements: Blue Note Resumes Drilling and Updates Technical Reports at Croinor - More
- August 29, 2011 | Item | ShareThis
Gryphon Gold Corporation Appoints Steven K. Jones as VP of Exploration - More
- August 29, 2011 | Item | ShareThis
IMPACT Silver Announces Net Earnings and Record Revenues in Second Quarter 2011 - "In addition to the successful second quarter, the Company achieved record revenues and silver production for the first half of 2011 due to increased throughput from the Noche Buena Mine and improving grades at the San Ramon mine resulting in higher grade mill feed, as well as completing numerous upgrades to the 500-tpd ("tonnes-per-day") Guadalupe processing plant." More
- August 29, 2011 | Item | ShareThis
Magellan Minerals Signs Option on Agua Azul Gold Property, Carajas Mineral Province, Brazil - More
- August 29, 2011 | Item | ShareThis
UC Resources Announces Drilling Update - More
- August 29, 2011 | Item | ShareThis
Trelawney Intersects 356.00 Metres of 1.35 g/t Gold From Continued Expansion Drilling at Cote Lake - More
- August 29, 2011 | Item | ShareThis
Brionor Announces the Closing of a Non-Brokered Private Placement - More
- August 29, 2011 | Item | ShareThis
Red Metal Resources Provides Exploration Update - More
- August 29, 2011 | Item | ShareThis
Uranium Energy Corp Receives Draft Radioactive Material License, the Final State Authorization, for the Goliad Project in South Texas - More
- August 29, 2011 | Item | ShareThis
Woulfe Mining to Fast-Track the Evaluation of its Muguk Gold Mine - More
- August 29, 2011 | Item | ShareThis
Federal Government Provides $3 Million Funding to Assist in Training Aboriginal Employees at Canadian Zinc's Prairie Creek Mine - More
- August 29, 2011 | Item | ShareThis
AQM Copper Drills 66 Metres of 0.84% Cu and 163 Metres of 0.37% Cu on the Eastern Extension of the Zafranal Main Zone and 195 Metres of 0.33% Cu - More
- August 29, 2011 | Item | ShareThis
Augyva Mining Resources Inc./Investor Relations Activities: Agreement Reached With First Canadian Capital Corp - More
- August 29, 2011 | Item | ShareThis
Wolverine Initiates Trenching at DDD North - More
- August 29, 2011 | Item | ShareThis
THEMAC Resources Group Appoints New Chief Executive Officer - More
- August 29, 2011 | Item | ShareThis
La Quinta Resources Finds 4 g/t Gold on the Easter Project, S.E. Nevada - More
- August 29, 2011 | Item | ShareThis
Magma Metals Limited: Summer Drilling Extends Mineralization at Thunder Bay North by 450 Metres - More
- August 29, 2011 | Item | ShareThis
Augyva Mining Resources Inc.: Q1 Financials Filing Reported and Unanswered Questions to Chairman Chim - More
- August 29, 2011 | Item | ShareThis
Canadian Orebodies Provides Update on the Haig Inlet Iron Ore Drill Program - More
- August 29, 2011 | Item | ShareThis
Niocan Announces Private Placement Financing with Nio-Metals Holdings LLC and Changes to Niocan's Board of Directors - More
- August 29, 2011 | Item | ShareThis
Silvercorp Metals Inc. AGM to be Held on Friday, September 23, 2011; Board Proposes Approval of Shareholder Rights Plan - "Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM.TO - News)(NYSE: SVM.TO - News) announces that its annual general meeting (the "Meeting") is scheduled to be held at 10:00 am PST on Friday, September 23, 2011. The Meeting will be held at the Malaspina Room located on the Concourse Level of the Fairmont Waterfront Hotel, 900 Canada Place Way, Vancouver, British Columbia." More
- August 29, 2011 | Item | ShareThis
Canada Fluorspar Inc. Appoints Paul Coombs as Chief Financial Officer - More
- August 29, 2011 | Item | ShareThis
BCM Resources Corporation: Shan South Drill Program Update, Hole LM054 Encounters 42 Metres of 0.119% Mo - More
- August 29, 2011 | Item | ShareThis
Great Western Minerals Group Steenkampskraal Rare Earth Mine Site Refurbishment Project Proceeding on Schedule - More
- August 29, 2011 | Item | ShareThis
Formation Metals Signs Agreement for Underground Mining Operations and Provides Construction Update on Idaho Cobalt Project - More
- August 29, 2011 | Item | ShareThis
Hana Mining Ltd.: Infill Drilling Continues to Encounter Consistent High-Grade Copper-Silver Mineralization Along the South Limb of the Banana Zone - More
- August 29, 2011 | Item | ShareThis
Lara Exploration Ltd.: Letter of Intent Signed for the Company's Brazilian Tin Projects - More
- August 29, 2011 | Item | ShareThis
Primero Announces Termination of Arrangement Agreement With Northgate and Receipt of $25 Million Break-Fee - "Primero Mining Corp. ("Primero" or the "Company") (TSX:P.TO - News)(NYSE: PPP - News) announced today that the arrangement agreement with Northgate Minerals Corporation ("Northgate"), dated July 12, 2011, has been terminated." More
- August 29, 2011 | Item | ShareThis
Gold Resource Corporation Shareholder Update - "Gold Resource Corporation (AMEX: GORO - News) updates shareholders on third quarter production and formal resource report progress. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico. The Company has returned over $24.6 million to shareholders in special monthly dividends since declaring commercial production July 1, 2010." More
- August 29, 2011 | Item | ShareThis
Medusa Achieves Record Full Year Profit - More
- August 29, 2011 | Item | ShareThis
Medusa Mining Limited: 2011 Annual Report - More
- August 29, 2011 | Item | ShareThis
Crosshair to Oppose All Resolutions at AusAm EGM - More
- August 29, 2011 | Item | ShareThis
Crosshair Proposal to Acquire Uranium Assets From Australian American Mining - More
- August 29, 2011 | Item | ShareThis
AuRico Gold to Acquire Northgate Minerals and Create A Leading Intermediate Gold Company - "AuRico Gold Inc. ("AuRico") (TSX:AUQ.to - News) (NYSE:AUQ - News) and Northgate Minerals Corporation ("Northgate") (TSX:NGX.to - News) (NYSE-Amex:NXG) are pleased to announce that they have entered into a definitive acquisition agreement (the "Agreement") to create a new leading intermediate gold producer. The new company will have 5 operating gold mines, a sixth mine targeting production in 2012 and 3 gold development projects in Mexico, Canada, and Australia, three of the top global mining jurisdictions. The combined company is completely unhedged and offers full exposure to record gold and silver prices and an exceptional growth profile from approximately 475,0001 gold equivalent ("Aue") ounces2 this year to 730,000+3 Aue ounces in 2013 (growth of approximately 54%). All figures in Canadian dollars, unless otherwise indicated." More
- August 29, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 29 August, 2011 | |