-- Posted 19 September, 2011 | |

The Metals:

Gold climbed $14.74 to $1826.64 by a little before 4AM EST, but it then fell back off in New York and ended near its late session low of $1770.84 with a loss of 1.98%.  Silver slumped to as low as $38.962 and ended with a loss of 3.69%.

Euro gold fell to about €1302, platinum lost $38.30 to $1768.70, and copper fell 15 cents to about $2.77.

Gold and silver equities traded mostly slightly lower and ended with modest losses.

Gold inclusion as Tier 1 asset would be huge: LBMA  MarketWatch

Gold battles back, as bugs cheer  MarketWatch

European Central Banks Are Net Buyers of Gold in 2011, FT Says  Bloomberg

Is Gold Cheap? Who Knows? But Gold-Mining Stocks Are  Yahoo

Sudan Sees $3 Billion in Revenue From Gold, Al-Tayar Reports  Bloomberg

AngloGold chief sees gold at $2,200/oz by 2012  Reuters

Hedge Fund Heavyweight Says Gold Bet Not Over  Bloomberg

Conflict gold guidelines "No. 1 priority" for LBMA  Yahoo

The Economy:

Obama to propose $1.5 trillion in new tax revenue  Yahoo

Tomorrow at 8:30AM EST brings Housing Starts for August expected at 590,000 and Building Permits expected at 585,000.  The FOMC meeting also starts tomorrow.

The Markets:

Charts Courtesy of http://finance.yahoo.com/

Oil fell and the U.S. dollar index rose as the euro fell on fears about a possible Greek default.

Treasuries rose as the Dow, Nasdaq, and S&P fell on worries about Europe, but rumors over a compromise late in the day took the major indices well off their session lows.

Among the big names making news in the market today were Borders, UBS, Netflix, Tyco, Lennar, and GM.

GATA Posts:

Central banks return as gold buyers

German currencies in occupied countries

Is 'conflict gold' a problem worse than imaginary gold?

Dutch Socialist Party puts gold questions to treasury secretary

Tom Stevenson: ETFs have potential to become the next toxic scandal

The Statistics:

Activity from: 9/15/2011

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

Note: Change in Total Tonnes from yesterday’s data: SPDR added 10.597 tonnes.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 168.32: -0.27 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,956.32: No change from yesterday’s data.

The Miners:

Agnico’s (AEM) agreement to acquire Grayd (GYD.V), Solitario’s (XPL) project progress, IAMGOLD’s (IAG) exploration update and drill results, New Gold’s (NGD) updated resource estimate, Paramount’s (PZG) drill results, Newmont’s (NEM) enhanced dividend policy, Impact’s (IPT.V) concentrate shipment schedule update, Silvercorp’s (SVM) open letter, Coeur’s (CDE) CFO and COO appointments, Endeavour Silver’s (EXK) drill results, and U.S. Silver’s (USA.V) drill results were among the big stories in the gold and silver mining industry making headlines today.

WINNERS

LOSERS

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:

Ecometals Announces Exploration Update at Its Rio Zarza Gold Project in Ecuador - More
- September 19, 2011 | Item | ShareThis

Artha Resources Corporation: Drilling Update at Ivan Alberto Property, Argentina - More
- September 19, 2011 | Item | ShareThis

Houston Lake Mining Extends the Dogpaw Mineralized Zone’s Strike Length of Gold Mineralization to 367m From Extending Channel Sampling at Vein 4 - More
- September 19, 2011 | Item | ShareThis

Victory Nickel Receives Board Approval to Proceed With Development of Minago Mine - More
- September 19, 2011 | Item | ShareThis

Dynacor Gold Mines Inc.: Tumipampa Exploration Update - More
- September 19, 2011 | Item | ShareThis

Shelron Group Signs MOU for African Gold Project - More
- September 19, 2011 | Item | ShareThis

Conquest Intersects 63 g/t Gold Over 0.28 Metres at Smith Lake Property - More
- September 19, 2011 | Item | ShareThis

African Metals Purchases a Concentration Plant and is Preparing to Commence Mining and Processing of Oxide Material at its Luisha South Project - More
- September 19, 2011 | Item | ShareThis

Mill Bay Ventures Closes Private Placement - More
- September 19, 2011 | Item | ShareThis

IMPACT Silver Corp. Announces Concentrate Shipment Schedule Update - "IMPACT Silver Corp. ("IMPACT") announces that due to a lack of capacity at one of the smelters, that the smelter would not be accepting the lead-silver concentrate for approximately 30 days from IMPACT's operations at Zacualpan. The 500-tpd (tonnes-per-day) Guadalupe Plant continues to ramp up production and will continue to operate at near capacity. During this period, the delayed concentrate will be stockpiled for sales later this year. This will likely have the effect of shifting a portion of third quarter revenues from concentrate sales to the fourth quarter of 2011." More
- September 19, 2011 | Item | ShareThis

Silvercorp Turns Corner on "Short & Distort Manipulation Scheme"; Open Letter From Chairman - "Silvercorp Metals Inc. (TSX: SVM.TO - News)(NYSE: SVM.TO - News), a Canadian based company ("Silvercorp" or the "Company"), following yet another false and misleading internet posting today by the fictitious and anonymous Alfred Little, posted an open letter today to its shareholders that addresses recent allegations made about the Company. "All of the allegations made against Silvercorp have been anonymous. All of the allegations are baseless and designed to be manipulative," said Rui Feng, Chairman of Silvercorp. "At the risk of repeating this misinformation, we are making sure that every allegation is addressed in detail and investors have all of the information they need to have confidence in our company. While new attacks will keep coming, as is the past practice within the short and distort industry, with this open letter we are turning the corner and putting these allegations behind us," said Rui Feng." More
- September 19, 2011 | Item | ShareThis

Golden Phoenix Signs Definitive Acquisition Agreement for Santa Rosa Gold Mine, Panama; Creates New Joint Venture Company - More
- September 19, 2011 | Item | ShareThis

Riverside Resources Has Acquired Three IOCG Properties in Jalisco, Mexico With Alliance Partner Cliffs Natural Resources Exploration Inc., and Has Commenced Aer - More
- September 19, 2011 | Item | ShareThis

Edgewater Intersects New Bulk Gold Zone at Enchi Gold Project, Ghana - More
- September 19, 2011 | Item | ShareThis

Golden Share Trenching Shows 36 m Wide Shear and Defines 2.3 km Strike Potential for Pistol Lake's JF West - More
- September 19, 2011 | Item | ShareThis

Solomon Resources Limited: Yukon Exploration Update - More
- September 19, 2011 | Item | ShareThis

Inspiration Appoints New Director - More
- September 19, 2011 | Item | ShareThis

Corvus Gold Announces Extension of High-Grade Zone at Terra Gold Project, Alaska - More
- September 19, 2011 | Item | ShareThis

Stratton Resources Commences Drilling at its MAC Molybdenum-Copper Project in British Columbia, Canada - More
- September 19, 2011 | Item | ShareThis

IBC Advanced Alloys Corp. Withdraws Short-Form Pospectus Offering - More
- September 19, 2011 | Item | ShareThis

Entourage Metals (TSX VENTURE: EMT) Acquires Large Land Package Adjacent to Trelawney Mining and Augen Gold Deposits - More
- September 19, 2011 | Item | ShareThis

Anglo Swiss Board Strengthened With The Appointment of Todd Keast, Blair Zaritsky and Jari Paakki as Directors - More
- September 19, 2011 | Item | ShareThis

Gold-Ore and Kopparberg Form New Base Metal Focused Company in Sweden - More
- September 19, 2011 | Item | ShareThis

Goldrich Stakes Thazzik Mountain, Alaska - More
- September 19, 2011 | Item | ShareThis

All American Gold Corp. Receives Speculative Buy Rating From Prime Equity Research, LLC - More
- September 19, 2011 | Item | ShareThis

Tuffnell Ltd. Announces the Appointment of Robert Coale as President and Chief Executive Officer - More
- September 19, 2011 | Item | ShareThis

Selwyn Resources Ltd.: New High-Grade Mineralization Extends XY West to the Northwest - More
- September 19, 2011 | Item | ShareThis

Crown Gold Revises Letter of Intent with Argentium - More
- September 19, 2011 | Item | ShareThis

PolyMet Updates Progress on NorthMet Environmental Review - More
- September 19, 2011 | Item | ShareThis

Southern Arc Appoints West Lombok Project Manager - More
- September 19, 2011 | Item | ShareThis

B2Gold Corp. Announces Exploration and Prefeasibility Study Update on the Gramalote Gold Property in Colombia - More
- September 19, 2011 | Item | ShareThis

Nemaska Files the Notice of Project Before the COMEV for the Whabouchi Deposit and Provides Update on Work in Progress - More
- September 19, 2011 | Item | ShareThis

Sulliden Announces Further Positive Drill Results at Shahuindo, Including 0.97 g/t Au Over 111.0 m in West Zone, 1.44 g/t Au Over 33.0 m in Central Zone - More
- September 19, 2011 | Item | ShareThis

Molycorp CEO to Testify Next Week Before Congress On Rare Earth Supply Concerns - More
- September 19, 2011 | Item | ShareThis

Foran Promotes Two New Vice Presidents - More
- September 19, 2011 | Item | ShareThis

Probe Mines Announces Additional Assay Results for its Borden Lake Gold Project: New High-Grade Zones Identified with Values of up to 57 g/t Gold - More
- September 19, 2011 | Item | ShareThis

Silver Quest Announces Updated Gold Resource Estimate at Davidson Property, BC - More
- September 19, 2011 | Item | ShareThis

First Quantum Minerals Provides Update on BVI Legal Proceedings - More
- September 19, 2011 | Item | ShareThis

Sunridge Gold Completes Drilling Program and Reaches 50% Ownership at the Besakoa Copper-Zinc-Gold Project, Madagascar - More
- September 19, 2011 | Item | ShareThis

Great Western Minerals Group Signs Letter of Intent to Be Major Long Term Rare Earth Material Supplier to Vacuumschmelze - More
- September 19, 2011 | Item | ShareThis

Two New High Grade Gold Zones Discovered at Marban - More
- September 19, 2011 | Item | ShareThis

Stillwater Mining Company Announces Proposed Offering of Senior Notes - More
- September 19, 2011 | Item | ShareThis

Lydian Reports Further Drill Results from Amulsar Including 156 Meters at 1.7 g/t, 63 Meters at 2.0 g/t and 53 Meters at 1.3 g/t Gold - More
- September 19, 2011 | Item | ShareThis

Rainy River Resources Ltd. Announces the Discovery of High Grade Nickel-Copper-Cobalt Massive Sulphides at Pinewood South - More
- September 19, 2011 | Item | ShareThis

Solitario Reports Progress on Its Mt. Hamilton Gold Project, Nevada - "Solitario Exploration & Royalty Corp. “Solitario” (NYSE Amex:XPL)(TSX:SLR) and Ely Gold & Minerals “Ely Gold” (TSX.V:ELY) are pleased to announce significant progress on their advanced Mt. Hamilton gold-silver project located at the southern end of the prolific Battle Mountain gold trend, Nevada. Virtually all work currently being conducted is related to feasibility and permitting in anticipation of making a production decision for the Centennial deposit early in 2012. Completion of the Feasibility Study is expected in the later part of the fourth-quarter 2011, with a Plan of Operations to be filed soon thereafter." More
- September 19, 2011 | Item | ShareThis

Coeur Names Chief Financial Officer and Chief Operating Officer - "Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM.to - News) today announced the appointment of Frank L. Hanagarne Jr., as its new Chief Financial Officer and Senior Vice President, effective October 1, 2011. Coeur also announced that K. Leon Hardy, the Company’s Senior Vice President of Operations, has been promoted to Chief Operating Officer and Senior Vice President." More
- September 19, 2011 | Item | ShareThis

IAMGOLD Update on Rare Earth Drilling and Assay Results - "IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced an update on its exploration of the rare earth elements ("REE") adjacent to its Niobec niobium mine near Saguenay, Quebec, Canada. The known rare earth element zone ("REE zone") located about one kilometre north of the Niobec mine was last explored in 1985, and is known to host significant rare earth element mineralization. As reported in the Company's 2011 second quarter report, a supplemental exploration program of $2.5 million was approved to drill test the projected extensions of known niobium resources at Niobec, and to explore the REE zone. A 21,000 metre diamond drilling campaign commenced in the second quarter, with 8,500 metres directed to the REE zone." More
- September 19, 2011 | Item | ShareThis

Endeavour Silver Intersects 448 gpt Silver and 14.0 gpt Gold Over a 4.6 Meter Width in the Daniela Vein at the Guanajuato Mine in Mexico - "Endeavour Silver Corp. (TSX: EDR.TO - News)(NYSE: EXK - News)(Frankfurt: EJD.F - News) announces that exploration drilling in the Lucero South area of Endeavour's Guanajuato Mines project in Guanajuato State, Mexico continues to intersect high silver and gold grades over mineable widths in the recently discovered Daniela vein." More
- September 19, 2011 | Item | ShareThis

IAMGOLD Reports New Drill Results and is on Schedule to Drill Over 500,000 Metres in 2011 - "IAMGOLD is on track with its $97 million exploration program to drill more than 500,000 metres in 2011. This includes more than 18 grassroots projects in Senegal, Mali, Suriname, Colombia, Peru, Brazil and the Canadian province of Quebec, and the continued search for advanced exploration opportunities or acquisitions. Of the total exploration budget, 45% has been allocated to greenfields exploration for more than 120,000 metres of drilling. The Company's greenfields team of 70 professionals is committed to the exploration and discovery of significant gold deposits in eight countries in West Africa and the Americas." More
- September 19, 2011 | Item | ShareThis

New Gold Announces Significant Increase in Gold Resources at Blackwater Project - "New Gold Inc. ("New Gold") (TSX:NGD.to - News)(NYSE AMEX:NGD) today announces an updated National Instrument 43-101 compliant mineral resource estimate for the Blackwater Project in central British Columbia." More
- September 19, 2011 | Item | ShareThis

U.S. Silver Announces Exploration Drill Results - "U.S. Silver Corporation (TSX:USA.to - News) “U.S. Silver” or “the Company” is pleased to announce continued positive results from underground diamond drilling at the Galena and Coeur Mines near Wallace, Idaho." More
- September 19, 2011 | Item | ShareThis

Paramount Gold's Sleeper Project in Nevada Continues to Grow - "Paramount Gold and Silver Corp. (AMEX: PZG - News)(TSX: PZG - News)(Frankfurt: P6G.F - News)(WKN: A0HGKQ) ("Paramount") announced today new core drill results from its 100% owned Sleeper Gold Project in Nevada that (1) have likely increased the grade of the Facilities Zone resource and (2) confirmed the presence of gold mineralization in a new area, the Sleeper South Extension Zone located south of the historical pit and under the south waste dump, which is expected to add to resources. These results (reported below) were not included in the NI 43-101 resource estimate prepared by SRK Consulting (www.srk.com) and released last week but they will be incorporated into a re-estimation of the Sleeper resource expected later this year." More
- September 19, 2011 | Item | ShareThis

Newmont Enhances Gold Price-Linked Dividend Policy - "Newmont Mining Corporation (NYSE:NEM - News) ("Newmont" or the "Company") today announced enhancements to its industry leading gold price-linked dividend policy, announced initially in April 2011. Under the enhanced policy, Newmont's annual dividend has the potential to increase to $4.70 per share if the Company's average realized gold price reaches $2,500 per ounce." More
- September 19, 2011 | Item | ShareThis

Agnico-Eagle and Grayd enter into a definitive agreement whereby Agnico-Eagle will acquire Grayd - "Agnico-Eagle Mines Limited ("Agnico-Eagle") (NYSE & TSX: AEM) and Grayd Resource Corporation ("Grayd") (TSX-V:GYD.v - News) jointly announce that they have entered into an acquisition agreement, pursuant to which Agnico-Eagle has agreed to offer to acquire all of the outstanding common shares of Grayd at $2.80 per share by way of a take-over bid. The transaction is valued at approximately $275 million on a fully-diluted basis. The offer price of $2.80 per Grayd share represents a premium of 65.7% to the volume weighted average price of Grayd shares on the TSX Venture Exchange for the 20-day period ended September 16, 2011 (the last trading day prior to announcement of the transaction)." More
- September 19, 2011 | Item | ShareThis

- Chris Mullen, Gold Seeker Report

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