-- Posted 26 October, 2011 | |
| Close | Gain/Loss |
Gold | $1722.00 | +$23.00 |
Silver | $33.25 | +$0.14 |
XAU | 197.66 | +1.06% |
HUI | 556.87 | +1.04% |
GDM | 1608.34 | +1.08% |
JSE Gold | 2968.18 | +50.33 |
USD | 76.17 | -0.05 |
Euro | 138.96 | -0.06 |
Yen | 131.14 | -0.33 |
Oil | $90.20 | -$2.97 |
10-Year | 2.203% | +0.075 |
T-Bond | 138.78125 | -1.28125 |
Dow | 11869.04 | +1.39% |
Nasdaq | 2650.67 | +0.46% |
S&P | 1242.00 | +1.05% |
The Metals:
Gold rose over 1% in Asia before it fell back to $1702.20 in London, but it then rose to a new session high of $1726.50 in New York and ended with a gain of 1.35%. Silver climbed to as high as $33.933 in London and ended with a gain of 0.42%.
Euro gold climbed above €1243, platinum gained $25.65 to $1584.50, and copper rose 7 cents to about $3.49.
Gold and silver equities rose about 1% at the open and remained near that level for most of the rest of trade.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Orders | Sep | -0.8% | -1.0% | -0.1% |
Durable Orders -ex Trans. | Sep | 1.7% | 0.4% | -0.4% |
New Home Sales | Sep | 313K | 300K | 296K |
MBA Mortgage Index | 10/22 | 4.9% | - | -14.9% |
Tomorrow at 8:30AM EST brings Initial Jobless Claims for 10/22 expected at 402,000 and third quarter GDP expected at 2.3%. The GDP Deflator is expected at 2.5%. At 10AM is the Pending Homes Sales report for August expected at -0.9%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained lower after the Energy Information Administration reported that crude inventories rose 4.7 million barrels, gasoline inventories fell 1.4 million barrels, and distillates fell 4.3 million barrels.
The U.S. dollar index waffled near unchanged on mixed signals out of Europe.
Treasuries remained lower after today’s 5-year note auction sold at a high yield of 1.055% with a bid to cover of 2.90.
The Dow, Nasdaq, and S&P ended higher on decent earnings reports.
Among the big names making news in the market today were Corning, Boeing, ConocoPhillips, Nokia, Olympus, Ford Motor, Bank of America, Amazon, and Sprint.
GATA Posts:
Neil Reynolds: Paper currency has too much bull, not enough bullion
Gartman Letter 'stunned' by favorable reference to GATA by FT's Gillian Tett
Jeff Nielson: SLV and silver manipulation
The Statistics:
Activity from: 10/25/2011
Gold Warehouse Stocks: | 11,249,344 | -351 |
Silver Warehouse Stocks: | 105,932,971 | -10,259 |
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 | 1244.156 | 40,000,857 | US$68,582m |
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$6,387m |
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$6,974m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,393 | US$786m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.47 | 1,365,600 | US$2,261m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,947 | US$9m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 10.592 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 164.21: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,734.81: -105.94 change from yesterday’s data.
The Miners:
Argentina Orders Oil, Gas, Mining Firms To Repatriate Export Sales Fox Business
Newmont’s (NEM) dividend increase, Barrick’s (ABX) dividend increase, NovaGold’s (NG) agreement highlights, Freeport’s (FCX) attack, and Impact Silver’s (IPT.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU+12.65% $2.85 |
2. Jaguar | JAG +8.90% $4.77 |
3. Richmont | RIC +5.94% $11.95 |
LOSERS
1. Extorre | XG -17.70% $7.44 |
2. Yamana | AUY-3.41% $14.99 |
3. Minco | MGH -333% $1.16 |
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:
Newmont Increases Quarterly Dividend by 17% to $0.35 per share, an Increase of 133% over the Prior Year's Quarterly Dividend - "Newmont Mining Corporation (NYSE:NEM - News) ("Newmont" or the "Company) announced today its Board of Directors declared a quarterly dividend of $0.35 per share of common stock, an increase of 17% over the $0.30 dividend paid in the third quarter 2011, and an increase of 133% over the fourth quarter 2010 dividend. The fourth quarter 2011 dividend of $0.35 per share is payable on December 30, 2011, to holders of record at the close of business on December 8, 2011." More
- October 26, 2011 | Item | ShareThis
Barrick Gold Announces 25% Dividend Increase - "Barrick Gold Corporation (NYSE: ABX - News)(TSX: ABX - News) today announced that, consistent with its practice of paying a progressive dividend, the Board of Directors has authorized a quarterly dividend of US15 cents per share, which represents a 25% increase from the previous dividend." More
- October 26, 2011 | Item | ShareThis
Black Smoker Provides Corporate Update - More
- October 26, 2011 | Item | ShareThis
Lithium Exploration Group CEO Addresses Shareholders - More
- October 26, 2011 | Item | ShareThis
IMPACT Silver Intersects Additional High Grade Silver: 1,007 g/t Silver Across 5.65m at Oscar Area, Mexico - "IMPACT Silver Corp. (TSX-V: IPT.V - News) ("IMPACT" or "the Company") is pleased to announce further high grade silver values from the first phase drill program on the Oscar Project. Highlights include 1,007 g/t Silver across 5.65m and 1,128 g/t Silver across 2.75 meters. Oscar is located only 2.5 kilometers east of the Company's operating 500-tpd (tonnes per day) Guadalupe processing plant in the 423-square-kilometer Royal Mines of Zacualpan District of central Mexico. These results are in addition to previously announced results from the Oscar Project which included multiple intersections over 1,000 g/t Ag (see IMPACT News Release dated October 20, 2011)." More
- October 26, 2011 | Item | ShareThis
Denison Mines Corp. Third Quarter 2011 Results Conference Call Friday, November 4, 2011 - More
- October 26, 2011 | Item | ShareThis
Eastern Platinum Limited: JIC and NUM Reach Settlement - More
- October 26, 2011 | Item | ShareThis
Catalyst Drill Program Continues to Expand La Verde - More
- October 26, 2011 | Item | ShareThis
Sheltered Oak Expands Kerrs Gold Deposit Along Strike and to Depth & Negotiates A $500,000 Bridge Loan - More
- October 26, 2011 | Item | ShareThis
Quaterra Announces Herbert Glacier Joint Venture With Grande Portage - More
- October 26, 2011 | Item | ShareThis
Black Iron Targets 1.0 to 1.2 Billion Tonne Mineral Deposit Grading 28% to 32% Iron With Resumption of Drilling at Shymanivske - More
- October 26, 2011 | Item | ShareThis
Maudore Provides a Strategic Update on the Comtois Project - More
- October 26, 2011 | Item | ShareThis
Ur-Energy Reports Third Quarter 2011 Results - More
- October 26, 2011 | Item | ShareThis
Timmins Gold Reports Second Quarter Production Results - More
- October 26, 2011 | Item | ShareThis
Nuinsco Reports Significant Increase in ETMI at Prairie Lake Project - More
- October 26, 2011 | Item | ShareThis
Huakan International Mining Inc. Extends Closing Date of Sale of Greenwood Gold Project Assets - More
- October 26, 2011 | Item | ShareThis
Update on the Lake Maitland Uranium Project - More
- October 26, 2011 | Item | ShareThis
Josephine Mining Corp. Announces Results of Annual General Meeting - More
- October 26, 2011 | Item | ShareThis
New Jersey Mining Company Intersects 2.05 g/t Gold Over 30.8 Meters at the Golden Chest Mine - More
- October 26, 2011 | Item | ShareThis
Merrex Releases Additional Siribaya Diamond Drilling Results - More
- October 26, 2011 | Item | ShareThis
Arianne Resources Appoints Guthrie J. Stewart to the Board of Directors - More
- October 26, 2011 | Item | ShareThis
Dia Bras Announces that the Access of Yauricocha and the Rest of the Region Has Been Cleared - More
- October 26, 2011 | Item | ShareThis
Star Gold Initiates Exploration Drilling at Longstreet Project, Nevada - More
- October 26, 2011 | Item | ShareThis
Mesa Exploration Acquires Seismic Data for Utah Projects - More
- October 26, 2011 | Item | ShareThis
Advanced Explorations Inc. Reports 63.85% Iron Discovery at Tuktu Project - More
- October 26, 2011 | Item | ShareThis
Grizzly 2011 Drilling and Exploration Updates - More
- October 26, 2011 | Item | ShareThis
Riverstone Completes Sale of Remaining Interest in Yaramoko, Solna and Bissa West Projects; Acquires 19% Interest in Roxgold Inc. - More
- October 26, 2011 | Item | ShareThis
Pan American Lithium CEO is Interviewed by Business News Americas - More
- October 26, 2011 | Item | ShareThis
Uranium Energy Corp Completes First Sale of Uranium - More
- October 26, 2011 | Item | ShareThis
Full Metal Zinc Appoints New President/Chief Executive Officer and Grants Stock Options - More
- October 26, 2011 | Item | ShareThis
NV Gold Completes Acquisition of Swiss Exploration Permit and Appoints Paul Zyla as a Director and David Bell as Technical Advisor - More
- October 26, 2011 | Item | ShareThis
Pacific Bay Drills 14 Metres of 102.59 g/t (3.3 opt) Silver, 0.52% Copper, 4.96% Zinc, 0.29% Bismuth at Haskins-Reed - More
- October 26, 2011 | Item | ShareThis
Equinox Purchases Mining Claims in Arizona - More
- October 26, 2011 | Item | ShareThis
Marifil Acquires Two Epithermal Gold Projects - More
- October 26, 2011 | Item | ShareThis
Goldrich Concludes Seasonal Exploration Program at Chandalar, Alaska - More
- October 26, 2011 | Item | ShareThis
Geologix's Tepal Drilling Extends Depth of South Zone with Elevated Grades of 0.86 g/t Gold and 0.38% Copper Over 102.4 Metres - More
- October 26, 2011 | Item | ShareThis
Aura Silver Uses Soil Gas Hydrocarbon Technology to Locate High-Grade Gold and Silver Sources at Aura Lake, Greyhound Project, NU - More
- October 26, 2011 | Item | ShareThis
Indigo Drills 6.16 gpt Au over 3.1 metres and 11.02 gpt Au over 1.77 metres at Moule - More
- October 26, 2011 | Item | ShareThis
Adventure Gold Discovers High-Grade Gold-Copper-Silver Mineralization on Its Pascalis-Colombiere Property - More
- October 26, 2011 | Item | ShareThis
Definitive Agreement Reached Between Niblack and Heatherdale - More
- October 26, 2011 | Item | ShareThis
Colombia Crest Gold Offers Up to 19.9 Percent Ownership to IAMGOLD - More
- October 26, 2011 | Item | ShareThis
Bralorne Intersects 23.35 Oz's Gold Per Ton Over 3.1 Feet - More
- October 26, 2011 | Item | ShareThis
Denison's Arizona 1 Uranium Mine Receives MSHA Sentinels of Safety Award - More
- October 26, 2011 | Item | ShareThis
Quantum Cites Risk List 2011 as More Evidence for Strategic Metals and Rare Earth Action - More
- October 26, 2011 | Item | ShareThis
Magma Enters Joint Venture on Greenwich Lake Property - More
- October 26, 2011 | Item | ShareThis
Bellhaven Announces Strategic Investment by IAMGOLD - More
- October 26, 2011 | Item | ShareThis
Activity and Cash Flow Report for quarter ended June 30 2011 - More
- October 26, 2011 | Item | ShareThis
Eurasian Minerals Added to Standard & Poor's S&P/TSX Venture Select Index - More
- October 26, 2011 | Item | ShareThis
Treasury Metals Reports Further High-Grade Gold Results on the Goliath Gold Project in Northwestern Ontario - More
- October 26, 2011 | Item | ShareThis
VMS Ventures Introduces Exploration Programs for Its Sudbury, Ontario Projects - More
- October 26, 2011 | Item | ShareThis
Oracle Mining Provides Oracle Ridge Design and Drilling Update - More
- October 26, 2011 | Item | ShareThis
Reg Technologies Inc. has Called a Special Meeting to Sell Its Interest in the Silverknife Property in B.C. - More
- October 26, 2011 | Item | ShareThis
New Pacific Metals Corp. Reports Exploration Activities at the Tagish Lake Gold Project - More
- October 26, 2011 | Item | ShareThis
GMR Global Mineral Resources Corp. Announces High Calibre Advisory Board - More
- October 26, 2011 | Item | ShareThis
Claude Resources Inc. to Acquire St. Eugene Mining Corporation Ltd. - More
- October 26, 2011 | Item | ShareThis
Garibaldi sampling yields high-grade silver at its Iris Project, Ocampo District, Chihuahua, Mexico - More
- October 26, 2011 | Item | ShareThis
Argentina Orders Oil, Gas, Mining Firms To Repatriate Export Sales - "Argentina on Wednesday ordered oil, gas and mining companies to repatriate all of the proceeds from their export sales as the administration of President Cristina Kirchner struggles to staunch capital flight." More
- October 26, 2011 | Item | ShareThis
AuRico Gold Completes Acquisition of Northgate Minerals Corporation - "With the completion of this strategic acquisition, AuRico is now positioned as a new leading intermediate gold producer with five operating mines and Young-Davidson targeting production at the end of Q1 2012. Ocampo and Young-Davidson alone have the potential to produce over 500,000 gold equivalent ounces at lowest quartile cash costs. With a strong balance sheet and a robust and growing cash flow profile, the new company is led by an experienced management team with a proven track record of creating value in the industry." More
- October 26, 2011 | Item | ShareThis
NovaGold Highlights Commercial Terms of the Ambler Agreement - "NovaGold Resources Inc. ("NovaGold") (TSX: NG.TO - News)(AMEX: NG.TO - News) is pleased to highlight commercial terms of the earlier announced Exploration Agreement (the "Agreement") with NANA Regional Corporation, Inc. ("NANA"), its Alaska Native partner. Under the Agreement, NovaGold and NANA consolidated their respective holdings in the Ambler mining district of Northwest Alaska, as described in the press release dated October 20, 2011." More
- October 26, 2011 | Item | ShareThis
Gunmen attack patrol car near Indonesia's Freeport - "Gunmen attacked a patrol car Wednesday near Freeport-McMoRan Copper & Gold Inc.'s troubled mine in eastern Indonesia, where thousands of workers are striking over pay. No one was wounded." More
- October 26, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 26 October, 2011 | |