-- Posted 13 September, 2011 | | Discuss This Article - Comments:
| Close | Gain/Loss |
Gold | $1827.40 | +$16.50 |
Silver | $41.09 | +$0.97 |
XAU | 218.34 | +0.50% |
HUI | 613.70 | +0.60% |
GDM | 1784.91 | +0.77% |
JSE Gold | 2785.31 | -43.20 |
USD | 77.00 | -0.18 |
Euro | 136.84 | +0.14 |
Yen | 130.06 | +0.55 |
Oil | $90.21 | +$2.02 |
10-Year | 1.994% | +0.064 |
T-Bond | 141.4375 | -1.15625 |
Dow | 11105.85 | +0.40% |
Nasdaq | 2532.15 | +1.49% |
S&P | 1172.87 | +0.91% |
The Metals:
Gold reversed overnight gains and fell to as low as $1795.45 by a little after 4AM EST, but it then rallied back higher in London and New York and ended with a gain of 0.91%. Silver fell to as low as $40.023 by a little after 7AM, but it then climbed to as high as $41.181 by early afternoon in New York and ended with a gain of 2.42%.
Euro gold fell to about €1331, platinum gained $4.25 to $1805.25, and copper rose slightly to about $3.96.
Gold and silver equities traded slightly lower for most of the morning, but they then rose in afternoon trade and ended with modest gains.
Who Holds The Largest Gold Reserves? Forbes
Euro zone held gold reserves up by 1mln in week to Sept. 9 - ECB Mineweb
The Economy:
Report | For | Reading | Expected | Previous |
Export Prices | Aug | 0.5% | - | -0.4% |
Export Prices ex-ag. | Aug | 0.3% | - | 0.1% |
Import Prices | Aug | -0.4% | - | 0.3% |
Import Prices ex-oil | Aug | 0.2% | - | 0.2% |
Treasury Budget | Aug | -$134.2B | -$132.0B | -$129.4B |
U.S. Poverty Climbed to 17-Year High in 2010 Bloomberg
International alarm over euro zone crisis grows Reuters
Census: US poverty rate swells to nearly 1 in 6 Yahoo
Large US banks must show how they would wind down Yahoo
Tomorrow at 8:30AM EST brings PPI for August expected at 0.0%, Core PPI expected at 0.2%, and Retail Sales for August expected at 0.2%. Excluding autos, sales are expected at 0.3%. At 10AM is the Business Inventories report for July expected at 0.5%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose and the U.S. dollar index fell as the euro climbed higher on relief over easing debt problems in Europe.
Merkel Vows to Avert ‘Uncontrolled’ Greek Insolvency on Contagion Concern Bloomberg
Italy confirms China talks amid bond help reports Yahoo
Greece, Europe struggle to contain debt crisis Yahoo
Treasuries extended lower after today’s $21 billion 10-year note auction sold at a high yield of 2.000% with a bid to cover of 3.03.
The Dow, Nasdaq, and S&P traded mostly slightly higher on relief over Europe.
Among the big names making news in the market today were H&R Block, SAP, Best Buy, HP, Pimco, BNY Mellon, and Broadcom.
GATA Posts:
Christopher Barker: Is gold being suppressed?
CNBC, HSBC, and GLD in public relations backfire
GoldMoney interviews Peter Grandich at GATA's London conference
The Statistics:
Activity from: 9/09/2011
Gold Warehouse Stocks: | 11,559,836 | +3,968 |
Silver Warehouse Stocks: | 104,085,181 | +1,054,712 |
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 | 1241.917 | 39,928,872 | US$72,657m |
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$6,782m |
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$7,414m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,623 | US$839m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 45.28 | 1,455,747 | US$2,670m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,949 | US$9m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 168.06: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,926.03: +78.75 change from yesterday’s data.
The Miners:
Paramount’s (PZG) new NI-43-101 compliant resource estimate, Gold Resource’s (GORO) extended deposit mineralization, Exeter’s (XRA) water exploration concession, and First Majestic’s (AG) update and new NI 43-101 Reserve/Resource update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +22.18% $2.92 |
2. Ivanhoe | IVN +6.45% $21.94 |
3. Aurizon | AZK +5.03% $6.89 |
LOSERS
1. Comstock | LODE -4.01% $2.87 |
2. Minco Gold | MGH -3.95% $1.19 |
3. Northern Dynasty | NAK -2.74% $8.87 |
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:
White Tiger Gold Shareholders Approve Business Combination With Century Mining - More
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Richmond Minerals Inc. Announces Property Sale - More
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Continental Nickel Intersects 2.03% Nickel and 0.42% Copper Over 31.5 Metres at Sleeping Giant Zone and Provides Drilling Update, Nachingwea Property, Tanzania - More
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Samaranta Mining Corporation: Airborne Survey Identifies High Priority Targets - More
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Ur-Energy Announces Inclusion to the S&P/TSX SmallCap Index - More
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Cameco Provides Initial Comment on Hathor's News Release Summarizing Roughrider Preliminary Economic Assessment - More
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Ruby Creek Expands Gold Plateau Project Over 70% to 1500 Sq Km - More
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Jiulian Appoints New Chief Financial Officer - More
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Critical Elements Discovers New In-Situ Molybdenite, Colombite or Allanite and Phosphate Mineralization at Trident-Kin - More
- September 13, 2011 | Item | ShareThis
Sama Resources Enters Into Investor Relations Consulting Agreement With Brisco Capital Partners - More
- September 13, 2011 | Item | ShareThis
Archean Star Announces Preliminary Gnaweeda IP Survey Results: Plans Diamond Drill Program - More
- September 13, 2011 | Item | ShareThis
Century Mining Shareholders Approve Business Combination With White Tiger Gold - More
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Stellar Pacific Ventures Inc. Begins $3M Work Program on the SOLOTOMO Discovery, Guinea West Africa - More
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Stronghold Metals to Commence Trading on the United States OTCQX on Wednesday, September 14, 2011 - More
- September 13, 2011 | Item | ShareThis
Altius: Alderon Announces Initial Iron Resource at North Rose - More
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Gold Sample Assays Up to 20.1 g/t, on Targets Identified by DIAGNOS CARDS Technology - More
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Commander Extends Strike Length of Gold Showings at Stump Lake, BC - More
- September 13, 2011 | Item | ShareThis
Alix Completes 2011 Field Program at Golden Zone, Alaska - More
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Queenston Announces $22.5 Million Financing - More
- September 13, 2011 | Item | ShareThis
Cascadero Copper Corporation: Non-Brokered Private Placement Announced - More
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Sabina Gold & Silver Reports Continued Expansion at Umwelt & Llama Deposits, Back River, Nunavut - More
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Silvore Fox Provides Further Updates on 3 Projects - More
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Sphere Resources Inc. Secured Convertible Promissory Note With Spartan Gold Limited - More
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PAW Diamond Drill Assay Results Return High Grade Niobium and REO Mineralisation and Indicates Significant Niobium and REO Depth Potential at Mrima Hill - More
- September 13, 2011 | Item | ShareThis
Amarillo Gold Upgrades Mara Rosa Resource to Measured + Indicated 1.17 Million Ounces at 1.75 g/t Au - More
- September 13, 2011 | Item | ShareThis
Goldstrike Discovers Carlin-Style Gold Mineralization in Yukon - More
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Pacific Ridge Reports Full Exercise of September 16th Warrants - More
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Merrex Diamond Drilling Expands 1B Mineralized Zone - More
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Uracan Upgrades Double S Resource in Quebec - More
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EMC Signs Option Agreement to Acquire Former Scandium Production Site In Utah, USA - More
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Aben Announces Expansion of Yukon Drill Program at Justin Gold Project - More
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Silver Spruce Resources Inc.: Update on Exploration on the MRT REE and CMBJV Uranium Projects, Labrador - More
- September 13, 2011 | Item | ShareThis
El Tigre Silver Announces Agreement on Silver and Gold Tailings Recovery Project in Sonora, Mexico - More
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Rye Patch Gold Is Drilling at Garden Gate Pass Project - More
- September 13, 2011 | Item | ShareThis
Sniper Resources Ltd.: Guild Property Update - More
- September 13, 2011 | Item | ShareThis
Drilling by Empire at Bulqiza Project, Albania, Intersects Additional High-Grade Ores at Thekna Deposit and Demonstrates Important Additional Expansion - More
- September 13, 2011 | Item | ShareThis
Southern Arc and Vale Plan Phase 1 Drill Program at Sabalong Project - More
- September 13, 2011 | Item | ShareThis
Wealth Retains Michael Baybak & Co. for Investor Relations Services - More
- September 13, 2011 | Item | ShareThis
AndeanGold Commissions NI 43-101 Mineral Resource Estimate on the Urumalqui Au-Ag Project, Peru - More
- September 13, 2011 | Item | ShareThis
Marifil Completes Purchase of Key San Roque Claims - More
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North Main Zone Expanding at Atna's Briggs Mine - More
- September 13, 2011 | Item | ShareThis
Canarc Amends Tay LP Agreement - More
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New Impressive Results at Marban Confirm Depth Potential - More
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Barkerville Intercepts up to 3.4 m (11.0 feet) of 459 g/T (13.393 oz/t) Gold Including 0.8 m (2.6 feet) of 1,942 g/T or 56.635 oz/T Gold - More
- September 13, 2011 | Item | ShareThis
Southern Arc to Present at Precious Metals Summit - More
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Cream Minerals Reports Drill Results for the Dos Hornos 2 Zone, Nuevo Milenio Silver-Gold Project, Mexico - More
- September 13, 2011 | Item | ShareThis
Alderon Announces Initial Iron Resource at North Rose - More
- September 13, 2011 | Item | ShareThis
Adventure Gold Discovers Beliveau Gold Mine Extensions to 900 Metres Depth - More
- September 13, 2011 | Item | ShareThis
Crosshair Provides Update from Central Mineral Belt, Labrador - More
- September 13, 2011 | Item | ShareThis
ATAC Resources Ltd. Intersects 188.07 g/t Silver, 8.69% Lead and 6.06% Zinc Over 37.91 m at its Ocelot Silver-Lead-Zinc Target-Yukon - More
- September 13, 2011 | Item | ShareThis
Wesgold Appoints New Director - More
- September 13, 2011 | Item | ShareThis
Reliant Gold Enters Into Shares for Debt Agreements - More
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Goldgroup Added to the S&P/TSX SmallCap Index - More
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Purepoint Provides Update on Red Willow Joint Venture with Rio Tinto - More
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Majescor and SOMINE Report Significant Copper Soil and IP Anomalies at the SOMINE Property, Northeast Haiti - More
- September 13, 2011 | Item | ShareThis
Redstar Begins Drilling on High-Grade Gold Target in Alaska - More
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Zazu High Grade Hits Continue - More
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Balmoral Confirms Discovery of Volcanogenic Massive Sulphide System at Martiniere East - More
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Manicouagan Provides an Exploration Update on Its Pickle Lake Gold Properties - More
- September 13, 2011 | Item | ShareThis
Canamex Resources Corp.: Airborne Geophysical Survey at Aranka North Property in Guyana Yields Fifteen Large Anomalies for Follow-up Work - More
- September 13, 2011 | Item | ShareThis
Lithium Exploration Group Updates Third Quarter Progress at Valleyview Project - More
- September 13, 2011 | Item | ShareThis
Hana Mining Ltd.: Infill Drilling Again Encounters Consistent High-Grade Copper-Silver Mineralization Along the North Limb of the Banana Zone - More
- September 13, 2011 | Item | ShareThis
Bellhaven Receives Maiden NI 43-101 Resource Estimate for La Mina Gold-(Copper) Project, Colombia - More
- September 13, 2011 | Item | ShareThis
Rockgate Discovers High Grade Extension to North Zone, Falea Uranium-Silver-Copper Project, Mali - More
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Lago Dourado Intercepts 1m of 30.7g/t and 1m of 22.6g/t Gold in Step-Out Hole, Increases Strike at Querosene Zone, Juruena Project, Brazil - More
- September 13, 2011 | Item | ShareThis
Hathor Exploration Limited: Roughrider PA Estimates C$1.0 Billion Pre-tax NPV, Using US$70 Uranium Price and 7% Discount Rate - More
- September 13, 2011 | Item | ShareThis
NEVADO Discovers 18 Additional Massive Oxides Iron-Titanium-Vanadium lenses at Surface on the La Blache Project - More
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Cadillac Announces Balance of Positive K1-1 Assays - More
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Global Minerals Provides Strieborna Update - More
- September 13, 2011 | Item | ShareThis
Firestone Ventures Announces New "La Luna" Zinc-Lead-Silver Project in Guatemala - More
- September 13, 2011 | Item | ShareThis
Rara Terra to Begin Trenching and Soil Sampling on American Manganese's Rare Earth Project - More
- September 13, 2011 | Item | ShareThis
Medusa Mining Limited: Investor Presentation - More
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Bannerman Update Regarding Hanlong Acquisition Proposal - More
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African Queen Achieves Breakthrough in Settlement Negotiations at Noyem-Nyanfoman Project; 12 More Key Small Scale Licenses Relinquished - More
- September 13, 2011 | Item | ShareThis
Medusa Mining Limited: Bananghilig Drilling Verifying Resource and Extending Mineralisation - More
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Cliffs Commits to Scoping Study and Adds Third and Fourth Drill Rig to Decar Nickel Project - More
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StoneShield Hires Key Colombian Personnel - More
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Multi Million Ounce Gold Resource Defined at Paramount Gold's Sleeper Project in Nevada - "Paramount Gold and Silver Corp. (AMEX: PZG - News)(TSX: PZG - News)(Frankfurt: P6G.F - News)(WKN: A0HGKQ) ("Paramount") announced today the results of a new NI-43-101 compliant resource estimate on its 100% owned Sleeper Gold Project prepared by SRK Consulting (www.srk.com), a well-recognized mining consulting firm. The Sleeper Gold Project is located off a main highway about 25 miles from the town of Winnemucca, Nevada. Acquired by Paramount in 2010, the 45 square mile project area includes the original Sleeper high-grade open pit mine operated by Amax Gold from 1986 to 1996 as well as newly purchased claims (Paramount press release Aug. 23, 2011) stretching south down trend to Newmont`s Sandman project." More
- September 13, 2011 | Item | ShareThis
Peru metals output to fall in 2011, rise in 2012 - "Peru, one of the world's leading mineral exporters, said Tuesday its metals output would fall in 2011 but recover in 2012 as mines get expanded and new ones open." More
- September 13, 2011 | Item | ShareThis
First Majestic Silver Corp.: Mill Capacity at La Parrilla to Reach 2,000 tpd Following Positive NI 43-101 Pre-Feasibility Study - "FIRST MAJESTIC SILVER CORP. (TSX: FR.TO - News)(NYSE: AG - News)(Frankfurt: FMV.F - News)(WKN: A0LHKJ) (the "Company" or "First Majestic") is pleased to announce an update regarding its activities in Mexico at the La Parrilla Silver Mine and a new NI 43-101 Reserve/Resource update." More
- September 13, 2011 | Item | ShareThis
Gold Resource Corporation Extends Arista Deposit High-Grade Mineralization Outside Previously Drilled Mineralized Envelope Intersecting... - "Gold Resource Corporation (AMEX: GORO) extends high-grade Arista deposit mineralization outside of the deposit's previously drilled mineralized envelope including 7.6 meters of 9.92 grams per tonne (0.32 oz/tonne) gold and 129 grams per tonne (4.15 oz/tonne) silver. In addition, confirmation drill returns include 5 meters of 20.28 grams per tonne (.65 oz/tonne) gold and 559 grams per tonne (17 oz/tonne) silver. 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 monthly dividends since declaring commercial production July 1, 2010." More
- September 13, 2011 | Item | ShareThis
Exeter Acquires Water Exploration Concession for the Caspiche Project, Chile - "Exeter Resource Corporation (TSX: XRC.TO - News) (AMEX: XRA - News) (Frankfurt: EXB.F - News) ("Exeter" or the "Company") is pleased to report that the Chilean government has granted the Company a 10,726 hectare water exploration concession. The concession provides a second potential water source for the Caspiche gold-copper project. The concession is located approximately 100 kilometres (60 miles) north of Caspiche, at an elevation of 4,700 metres above sea level." More
- September 13, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 13 September, 2011 | | Discuss This Article - Comments:
