-- Posted 16 September, 2011 | | Discuss This Article - Comments:
| Close | Gain/Loss | On Week |
Gold | $1811.90 | $33.00 | -2.43% |
Silver | $40.65 | $1.19 | -2.02% |
XAU | 217.56 | +1.11% | -2.53% |
HUI | 608.06 | +1.73% | -3.21% |
GDM | 1770.88 | +1.72% | -2.95% |
JSE Gold | 2860.88 | +60.88 | +0.46% |
USD | 76.59 | +0.33 | -0.73% |
Euro | 137.88 | -0.97 | +0.91% |
Yen | 130.15 | -0.22 | +0.88% |
Oil | $87.96 | -$1.44 | +0.83% |
10-Year | 2.076% | -0.009 | +8.41% |
Bond | 140.71875 | +0.3125 | -1.26% |
Dow | 11509.09 | +0.66% | +4.70% |
Nasdaq | 2622.31 | +0.58% | +6.25% |
S&P | 1216.01 | +0.57% | +5.35% |
The Metals:
Gold fell almost 1% to as low as $1762.30 in Asia, but it then rallied back higher throughout most of trade in London and New York and ended near its late session high of $1821.44 with a gain of 1.86%. Silver surged to as high as $40.892 and ended with a gain of 3.02%.
Euro gold rose to over €1313, platinum gained $36.20 to $1807, and copper fell a few cents to about $3.92.
Gold and silver equities rose over 1% by midday and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Net Long-Term TIC Flows | July | $9.5B | - | $3.7B |
Michigan Sentiment | Sep | 57.8 | 56.3 | 55.7 |
Unemployment rates rose in majority of states Yahoo
All of this week’s other economic reports:
Next week’s economic highlights include the NAHB Housing Market Index on Monday, Housing Starts and Building Permits on Tuesday, Existing Home Sales and a FOMC rate decision on Wednesday, and Initial Jobless Claims, the FHFA Housing Price Index, and Leading Economic Indicators on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped on worries over slowing energy demand.
The U.S. dollar index rose as the euro fell on signs that plans to solve Europe’s debt problems may be delayed.
Treasuries found slight gains on uneasiness heading into the weekend.
The Dow, Nasdaq, and S&P ended higher for a fifth straight day.
Among the big names making news in the market Friday were UBS, SocGen, RIM, BofA, and KKR.
GATA Posts:
Updated silver lawsuit identifies Morgan trading mechanisms, traders, 'spoof'' and 'fake' trades
Ambrose Evans-Pritchard: China to 'liquidate' U.S. Treasuries, not dollars
How can they notice Swiss franc's devaluation and not gold's too?
Comments from Eric Sprott, AngloGold Ashanti's Mark Cutifani, and Rick Rule
The Statistics:
Activity from: 9/14/2011
Gold Warehouse Stocks: | 11,402,198 | -96 |
Silver Warehouse Stocks: | 104,637,591 | +1,256,037 |
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 | 1241.311 | 39,909,403 | US$71,581m |
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$6,721m |
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$7,354m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,607 | US$827m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 45.28 | 1,455,715 | US$2,647m |
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: 168.59 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,956.32 - No change from yesterday’s data.
The Miners:
Brigus Gold’s (BRD) addition to the S&P/TSX SmallCap Index, Gold Resource’s (GORO) response to multiple negative pieces published by a website known as thestreetsweeper.org, Allied Nevada’s (ANV) Milling Feasibility Study, and MAG Silver’s (MVG) AGM results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Almaden | AAU +9.72% $3.50 |
2. Great Panther | GPL +8.36% $3.50 |
3. Richmont | RIC +7.48% $12.22 |
LOSERS
1. Ivanhoe | IVN-3.80% $21.25 |
2. Solitario | XPL -3.76% $2.05 |
3. Freeport | FCX-2.23% $41.59 |
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:
Regal Resources Announces Further Results on its Patagonia Project - More
- September 16, 2011 | Item | ShareThis
El Nino Ventures Inc. Joins OTCQX - "ELNOF" - More
- September 16, 2011 | Item | ShareThis
MAG Silver Reports Results of the Annual General and Special Meeting of Shareholders - "MAG Silver Corp. (TSX: MAG.TO - News)(AMEX: MVG - News) ("MAG" or the "Company") announced today that at its annual general and special meeting (the "Meeting") held on September 15, 2011, MAG's shareholders re-elected all previous eight directors, re-appointed Deloitte and Touche LLP as the Company's auditor and approved an amendment to the Company's stock option plan and the grant of options as described in the information circular." More
- September 16, 2011 | Item | ShareThis
Mountain Lake Completes Non-Brokered Private Placement Financing with Sprott Asset Management - More
- September 16, 2011 | Item | ShareThis
Eagle Plains/Bethpage Capital Corp Execute Option Agreement for Hall Lake Property, South-eastern British Columbia - More
- September 16, 2011 | Item | ShareThis
Molycor Gold Corp.: Positive Preliminary Economic Assessment Study for Tami-Mosi Magnesium Project Filed on SEDAR - More
- September 16, 2011 | Item | ShareThis
Pilot Gold Identifies New High-Potential Targets and Confirms Mineralization at Regent - More
- September 16, 2011 | Item | ShareThis
HudBay Minerals to Present at the Credit Suisse Global Steel and Mining Conference - More
- September 16, 2011 | Item | ShareThis
Mill Bay Ventures Increases Private Placement - More
- September 16, 2011 | Item | ShareThis
Magellan Announces Filing of Technical Report on Minerals Rights in Mato Grosso Region, Brazil - More
- September 16, 2011 | Item | ShareThis
Corporate Update From Pershimco and Follow Up on the Meeting of the Shareholders - More
- September 16, 2011 | Item | ShareThis
First Uranium subsidiary advises of purported withdrawal of MWS mining right - More
- September 16, 2011 | Item | ShareThis
First Uranium Corporation - Section 54 lifted at Ezulwini Mine - mining operations resume - More
- September 16, 2011 | Item | ShareThis
Dia Bras Announces Appointment of John S. Donnelly to the Board of Directors - More
- September 16, 2011 | Item | ShareThis
Meunier-144 Deep Drilling Update, Timmins West, Ontario - More
- September 16, 2011 | Item | ShareThis
Valencia Provides Update on the Cachinal Property - More
- September 16, 2011 | Item | ShareThis
RT Minerals (TSX VENTURE: RTM) Announces Drill Results and Property Updates - More
- September 16, 2011 | Item | ShareThis
Amseco Obtains High Values in Gold, Silver, Copper and Zinc in James Bay - More
- September 16, 2011 | Item | ShareThis
Opawica (TSX VENTURE: OPW) Intersects Significant Gold and Copper Mineralization From Complete Results From Two Separate Holes in Maybrun Zone and New Footwall - More
- September 16, 2011 | Item | ShareThis
Calibre Identifies New Gold In-Soil Anomalies at Riscos de Oro - More
- September 16, 2011 | Item | ShareThis
Redhill Resources Corp.: Mutiny Drills More High Grade Gold Deflector North - More
- September 16, 2011 | Item | ShareThis
Highbank Resources Ltd.: Drilling Mobilization on the Highland Valley Property - More
- September 16, 2011 | Item | ShareThis
Eco Oro Minerals Corp. Announces Executive Appointments - More
- September 16, 2011 | Item | ShareThis
B2Gold Corp. Announces Further Positive Exploration Drill Results from the Cebollati Project in Uruguay - More
- September 16, 2011 | Item | ShareThis
CanAlaska Uranium Announces $2,173,500 Brokered Financing - More
- September 16, 2011 | Item | ShareThis
China Gold International Resources "CGG" Graduates From the S&P Small Cap and Equity Small Cap Indexes. CGG Remains in the S&P/TSX Composite Index - More
- September 16, 2011 | Item | ShareThis
U.S. Precious Metals, Inc. Announces Schedule Site Visit of Solidaridad Property - More
- September 16, 2011 | Item | ShareThis
Rainy River Resources Conditionally Approved to Graduate to the TSX - More
- September 16, 2011 | Item | ShareThis
Batero Gold Drills Vertical Hole Intersecting 751.00 Metres Grading 0.54 g/t Gold and 0.13% Copper From 5.00 Metres Below Surface - More
- September 16, 2011 | Item | ShareThis
Apogee to Acquire the Balance of its Chilean Venture - More
- September 16, 2011 | Item | ShareThis
Jayden Completes Earn-In for an Additional 10% Interest in Silver Coin - More
- September 16, 2011 | Item | ShareThis
Carpathian Receives Government Go-Ahead To Build the RDM Mine, Brazil - More
- September 16, 2011 | Item | ShareThis
Molycorp, Fully Funded, Breaks off Discussions with Sumitomo Corporation - More
- September 16, 2011 | Item | ShareThis
Glass Earth to Raise Up to C$5 Million - More
- September 16, 2011 | Item | ShareThis
Paladin Energy Ltd.-Kayelekera Mine, Malawi-Production Resumes After Plant Upgrade - More
- September 16, 2011 | Item | ShareThis
North American Nickel Expands Disseminated and Stockwork Mineralization Associated with a Footwall Embayment Structure on its Post Creek and Halcyon Properties - More
- September 16, 2011 | Item | ShareThis
Alamos Gold Reports a 19% Increase in Measured and Indicated Resources at Agi Dagi and Kirazli and Provides an Exploration Update on Camyurt - More
- September 16, 2011 | Item | ShareThis
Ivanhoe Australia-Moving from Explorer to Producer - More
- September 16, 2011 | Item | ShareThis
Goldcliff Resource Corporation: 3D-IP Locates Twelve Deep-Seated Anomalies at Tulameen - More
- September 16, 2011 | Item | ShareThis
Brigus Gold Added to S&P/TSX Indices - "Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD) (TSX:BRD.to - News) is pleased to announce that at the end of trading today, Standard & Poor's Canadian Index Operations will add Brigus Gold to their list of companies on S&P/TSX SmallCap Index. Effective Monday, September 19, Brigus will also be added to the S&P/TSX Global Gold Index and the S&P/TSX Global Mining Index." More
- September 16, 2011 | Item | ShareThis
Gold Resource Corporation Responds to "The Street Sweeper's" Recent Articles - "In response to multiple negative pieces published by a website known as thestreetsweeper.org, the management of Gold Resource Corporation (NYSE Amex: GORO) believes the Company is being targeted by individuals or groups holding short positions in its securities in an effort to manipulate the Company's stock price." More
- September 16, 2011 | Item | ShareThis
Allied Nevada Announces Positive Feasibility Study for Hycroft Milling Expansion - "Allied Nevada Gold Corp. ("Allied Nevada", "ANV" or the "Company") (TSX: ANV.TO - News)(AMEX: ANV.TO - News) is pleased to present the positive results of the Milling Feasibility Study (the "Study") for its wholly owned Hycroft Mine located near Winnemucca, Nevada. The information presented below summarizes production from the heap leach expansion currently in progress plus the milling expansion expected to be operational in January, 2015." More
- September 16, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 16 September, 2011 | | Discuss This Article - Comments: