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-- Posted 3 November, 2011 | |
| Close | Gain/Loss | Gold | $1763.90 | +$36.90 | Silver | $34.51 | +$0.53 | XAU | 209.66 | +2.87% | HUI | 594.77 | +3.05% | GDM | 1710.84 | +3.05% | JSE Gold | 3124.27 | -4.53 | USD | 76.72 | -0.40 | Euro | 138.13 | +0.67 | Yen | 128.05 | -0.11 | Oil | $94.07 | +$1.56 | 10-Year | 2.066% | +0.060 | T-Bond | 140.6875 | -1.0625 | Dow | 12044.47 | +1.76% | Nasdaq | 2697.97 | +2.20% | S&P | 1261.15 | +1.88% |
 Magellan Minerals Ltd. (TSX-V: MNM) is a well-financed, Canadian-based junior exploration company focused on mineral exploration and development in the state of Para in northern Brazil. The Company has interests in a number of properties in the Tapajos region which has a historic gold production estimated at 20-30Moz of gold. The Company has two advanced gold projects, Cuiu Cuiu and Coringa, a 1.7Moz gold resource, and is currently drilling with six rigs. More...
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The Metals: Gold waffled near unchanged in Asia and London, but it then jumped higher in New York and ended near its late session high of $1767.55 with a gain of 2.14%. Silver rose to as high as $34.859 and ended with a gain of 1.56%. Euro gold climbed to about €1277, platinum rose $43.25 to $1635.75, and copper gained a few cents to about $3.59. Gold and silver equities rose about 3% by midafternoon and remained near that level for the rest of the day. The Economy: Report | For | Reading | Expected | Previous | Initial Claims | 10/29 | 397K | 401K | 406K | Productivity | Q3 | 3.1% | 2.8% | -0.1% | Unit Labor Costs | Q3 | -2.4% | -1.1% | 2.8% | Factory Orders | Sep | 0.3% | -0.2% | 0.1% | ISM Services | Oct | 52.9 | 53.8 | 53.0 |
Tomorrow brings October’s jobs data. Nonfarm Payrolls are expected at 117,000, the Unemployment Rate is expected at 9.1%, Hourly Earnings are expected at 0.2%, and the Average Workweek is expected at 34.3. The Markets: 
Charts Courtesy of http://finance.yahoo.com/ Oil rose and the U.S. dollar index fell as the euro climbed higher on reports that Greece has abandoned plans to hold a referendum on the bailout package that the country agreed to last week. Treasuries fell as the Dow, Nasdaq, and S&P rose on relief over Europe. Among the big names making news in the market today were Freddie Mac, BNP, Kodak, Jefferies, and Google. The Commentary: “The lower interest rate environment (the ECB cut rates and the Reserve Bank of Australia did likewise) is proving to be a boon for gold. That is helping pull silver higher even as it waffles back and forth between risk on and risk off trades. The end result is that a fairly good stream of buying is coming into the gold shares, many of which remain undervalued in the eyes of prospective buyers.
The gains in the mining sector are outpacing the gains in the broader equity markets while on downside trips they are holding better. It would be a pleasant change if there were a growing group of investors who were viewing gold and silver shares as defensive holdings in the current economic climate.”- Dan Norcini, More at http://www.traderdannorcini.blogspot.com/ GATA Posts: 
Wall Street Journal: Where was the CFTC? The Statistics: Activity from: 11/02/2011 Gold Warehouse Stocks: | 11,212,989 | -160 | Silver Warehouse Stocks: | 106,573,093 | -451,471 |
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 | 1243.551 | 39,981,398 | US$70,262m | 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$6,537m | 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$7,158m | Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,350 | US$806m | Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.47 | 1,365,480 | US$2,380m | NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,947 | US$9m |
Note: No change in Total Tonnes from yesterday’s data. COMEX Gold Trust (IAU) Total Tonnes in Trust: 165.36: No change from yesterday’s data. Silver Trust (SLV) Total Tonnes in Trust: 9,776.14: -4.07 change from yesterday’s data. The Miners: Northern Dynasty’s (NAK) constitutional challenge, Claude’s (CGR) divesture, Paramount’s (PZG) Resource Estimation Report, Midway’s (MDW) updated resource estimate, Royal Gold’s first quarter results, Timberline’s (TLR) director resignation, Eldorado’s (EGO) third quarter results, Nevsun’s (NSU) assay results, Aurcana’s (AUN.V) permit, and Extorre’s (XG) updated resource estimate were among the big stories in the gold and silver mining industry making headlines today. WINNERS 1. Golden Minerals | AUMN +17.15% $8.81 | 2. Lake Shore | LSG +13.75% $1.82 | 3. Golden Star | GSS +9.36% $2.22 |
LOSERS 1. Tanzanian Royalty | TRX -6.85% $3.67 | 2. Almaden | AAU -3.17% $2.75 | 3. ITH | THM -2.42% $5.25 |
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: Colt Earns 100% of the Mining License for the Boa Fé Shear Zone Gold Project in Portugal - More
- November 03, 2011 | Item | ShareThis
NQ Exploration Hires Bay Street Connect as Investor Relations Firm - More
- November 03, 2011 | Item | ShareThis
Bravo Drills New Mineralization at Homestake and Confirms Mineralization at Kinskuch - More
- November 03, 2011 | Item | ShareThis
State of Alaska files suit to strike down anti-Pebble ordinance - "The State of Alaska has filed a constitutional challenge in Alaska Superior Court to strike down a municipal ordinance recently enacted by ballot measure in Southwest Alaska's Lake & Peninsula Borough. By a margin of just 34 votes, local voters supported a ballot measure put forward by anti-Pebble activists that would restrict future development that affects more than one square mile of land within the 31,000 square mile borough." More
- November 03, 2011 | Item | ShareThis
Aurcana Corporation Receives Final Permit for Shafter Mine - "Aurcana Corporation (TSX-V: AUN.V - News)(OTCQX: AUNFF.PK - News)(PINK SHEETS: AUNFF) ("Aurcana" or the "Company") is pleased to report that all permits required for the Shafter silver mine to commence production have been received. The final permit was to amend a water discharge permit which allows the Shafter mine to increase operations from 900 tonnes per day to 1500 tonnes per day. Approval for this permit amendment was received on Wednesday, November 2, 2011. The Shafter mine is now fully permitted." More
- November 03, 2011 | Item | ShareThis
Golden Phoenix Completes Joint Venture Operating Agreement for Santa Rosa Gold Mine, Panama - More
- November 03, 2011 | Item | ShareThis
Colorado Completes 2011 Field Program on Oro Property, Initial Results Extend Strike Length of Soil Anomaly to Over 3 Kilometres - More
- November 03, 2011 | Item | ShareThis
Radius Receives Conditional Approval for Rackla Spin Out - More
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Further Drill Results from Santa Rosa, Peru: 9.3% Zn + 69g/t Ag + 1.9% Pb over 5m - More
- November 03, 2011 | Item | ShareThis
Reunion Gold Announces Stock Option Grant to New Director - More
- November 03, 2011 | Item | ShareThis
Strike Minerals Inc. Secures Edwards Mine Project Financing With Waterton Global Value - More
- November 03, 2011 | Item | ShareThis
Josephine Mining Corp. Appoints New Director - More
- November 03, 2011 | Item | ShareThis
New Guinea Gold Corporation: Exploration Drilling Update-Kavursuki - More
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Harmony Signs LOI to Acquire the Kafwego-Mufumbwe Copper Project Zambia - More
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Initial Mineral Estimate for Eagle Hill's Windfall Lake Property - More
- November 03, 2011 | Item | ShareThis
Zone Resources Inc. Further Expands its Girard Property - More
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Avanti Announces Management Changes - More
- November 03, 2011 | Item | ShareThis
CuOro Retains Dr. James Franklin for Consulting at Santa Elena VMS Project in Colombia - More
- November 03, 2011 | Item | ShareThis
Entourage Metals (TSX VENTURE: EMT) Commences Surface Program at Benton Property - More
- November 03, 2011 | Item | ShareThis
Dia Bras Reports More Molybdenum-Copper Mineralization at Its Corralitos Project, Chihuahua State - More
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Kokanee Announces Management Changes - More
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Gold Reach Resources Selected for British Columbia's Mineral Investment Mission to China - More
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Goldstrike Expands Coffee Creek Style Targets on Lucky Strike - More
- November 03, 2011 | Item | ShareThis
Commerce Resources Corp. Announces Positive Preliminary Economic Assessment for Upper Fir Tantalum and Niobium Deposit, Blue River, B.C. - More
- November 03, 2011 | Item | ShareThis
Quadra FNX Mining Ltd.: Q3 2011 Financial Results Conference Call - More
- November 03, 2011 | Item | ShareThis
Hudson Reports Additional High Grade Assays at Greenland Rare Earth Project - More
- November 03, 2011 | Item | ShareThis
Soltoro Identifies Broad Silver Anomalies in Soils & Initiates Ground Geophysics at the El Rayo Primary Silver Project in Mexico - More
- November 03, 2011 | Item | ShareThis
Estrella Prepares Updated Resource at Colpayoc Gold Project, Peru - More
- November 03, 2011 | Item | ShareThis
Argentex Mining Corporation: Corporate Update and New Marta Centro Drilling Results - More
- November 03, 2011 | Item | ShareThis
Great Western Minerals Group Announces Management Appointments - More
- November 03, 2011 | Item | ShareThis
First Quantum Minerals Provides an Update on its Nickel Assets - More
- November 03, 2011 | Item | ShareThis
Castillian Reports Geophysical Survey Results That Extend Hope Brook Mineralized Structure Including Surface Samples on Northeast Extension Grading Up to 168.9 - More
- November 03, 2011 | Item | ShareThis
Critical Elements : Blue Note Completes Croinor 2011 Drill Program and Provides Update on Technical Report - More
- November 03, 2011 | Item | ShareThis
Claude Resources Inc. to Divest 46% Interest in Nokomis Property, Flin Flon, Manitoba to Auriga Gold Corp. - "Claude Resources Inc. (TSX:CRJ.to - News) (NYSE Amex: CGR) ("Claude" or the "Company") announces that Auriga Gold Corp. (TSXV-AIA) ("Auriga Gold") has agreed to acquire the 46 percent minority interest in the Nokomis Property currently held by Claude. Prior to the acquisition, Auriga Gold held a 54 percent interest in the Nokomis Property, which is contiguous to the Puffy Lake Property, part of the Maverick Gold Project. The 2,200 hectare, Nokomis property comprises 39 claims and is located less than 8 kilometres northeast of the Puffy Lake Mill." More
- November 03, 2011 | Item | ShareThis
Silvermex Resources Intersects Significant Mineralization at La Guitarra - More
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Greencastle Identifies Priority Targets on Nechako Property, Blackwater Gold Area, BC - More
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Crosshair Completes Bootheel 2011 Drilling Program - More
- November 03, 2011 | Item | ShareThis
Paramount Gold & Silver Files 43-101 Resource Report on Sleeper Nevada Project - "Paramount Gold and Silver Corp. (AMEX: PZG - News)(TSX: PZG - News) (Frankfurt: WKN:A0HGKQ) ("Paramount") has received and filed on SEDAR (www.sedar.com) the final NI 43-101 Resource Estimation Report on its 100%-owned Sleeper Gold Project in Nevada. The report was prepared by SRK Consulting (www.SRK.com), a well-known mining consultancy." More
- November 03, 2011 | Item | ShareThis
Auriga Gold to Acquire 100% of Nokomis Property, Flin Flon area, Manitoba - More
- November 03, 2011 | Item | ShareThis
Geodex Minerals Inc.: Sisson Tungsten-Molybdenum Project Update on Feasibility Study and EIA - More
- November 03, 2011 | Item | ShareThis
Prophecy Appoints Mr. Gary Johnson as Metallurgical Advisor - More
- November 03, 2011 | Item | ShareThis
General Moly Announces Transmittal of Mt. Hope Project Notice of Availability to Washington D.C. Office of Bureau of Land Management - More
- November 03, 2011 | Item | ShareThis
Dikulushi Cut-Back Project Mining Services Contract Awarded - More
- November 03, 2011 | Item | ShareThis
Midway Gold Files NI 43-101 Technical Report on Pan Project – Resource Increases to More Than 1 Million Ounces of Gold - "Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces it has filed a NI 43-101 technical report including an updated resource estimate that exceeds one million ounces of gold in the Measured and Indicated categories for its Pan Project, located 29 km southeast of Eureka, Nevada. The 1.13 million ounces of gold are contained in 37 million tonnes of 0.49 grams per tonne (gpt) gold in the Measured category and 43 million tonnes of 0.40 gpt gold in the Indicated category using a 0.14 gpt gold cutoff grade. This current gold resource remains open in multiple directions and additional exploration drilling is planned." More
- November 03, 2011 | Item | ShareThis
Royal Gold Reports Record Results for First Quarter Fiscal Year 2012 - "Royal Gold, Inc. (NASDAQ:RGLD - News) today announced record net income attributable to Royal Gold stockholders of $22.5 million, or $0.41 per basic share, on record royalty revenue of $64.5 million for the first quarter of fiscal 2012. This compares to net income attributable to Royal Gold stockholders of $11.8 million, or $0.22 per basic share, on royalty revenue of $45.3 million for the first quarter of fiscal 2011." More
- November 03, 2011 | Item | ShareThis
Batero Gold Extends Dos Quebradas Porphyry Zone and Continues to Intersect Surface Gold and Copper Mineralization at El Centro - More
- November 03, 2011 | Item | ShareThis
Timberline Resources Announces Resignation of Director - "Timberline Resources Corporation (TSX-V: TBR.V - News)(AMEX: TLR - News) ("Timberline" or the "Company") announces that Mr. David Poynton has resigned due to other time constraints effective October 31, 2011 as a director of the Company." More
- November 03, 2011 | Item | ShareThis
First Point Minerals Corp.: 2011 Drill Program at Decar Completed in Preparation for 2012 Preliminary Economic Assessment - More
- November 03, 2011 | Item | ShareThis
Scoping Study (PEA) 80% Complete on Kipawa Deposit - More
- November 03, 2011 | Item | ShareThis
Intrepid Mines Limited: Tujuh Bukit Indonesia-Candrian Copper-Gold Porphyry Defined Over 1.8km by 0.6km - More
- November 03, 2011 | Item | ShareThis
Alder Recovers Significant Historic Drill Data for Santa Rita Pit and Announces Extension of November 2011 Warrants - More
- November 03, 2011 | Item | ShareThis
Sunridge Gold Announces Assay Results From Gupo Gold Deposit, Asmara Project, Eritrea - More
- November 03, 2011 | Item | ShareThis
Hunter Bay Minerals Channel Sampling Intercepts Significant Results at the Sela Creek Project - More
- November 03, 2011 | Item | ShareThis
Eldorado Gold Corporation: 2011 Third Quarter Financial and Operating Results: Record Gold Production, Record Earnings - "Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado" the "Company" or "we") (TSX: ELD.TO - News)(NYSE: EGO - News)(ASX: EAU.AX - News) is pleased to report on the Company's financial and operational results for the third quarter ended September 30, 2011. Eldorado reported net income attributable to shareholders of the Company of $102.5 million for the period, generated $159.7 million in cash from operating activities before changes in non-cash working capital and paid down $29.7 million against outstanding debt acquired with the 2009 Sino Gold Mining Ltd. acquisition." More
- November 03, 2011 | Item | ShareThis
Lupaka Gold Corp. Drills 204 Metres at 1.14 g/t Gold Including 6 Metres at 7.3 g/t Gold, and Continues to Expand Crucero Mineralized Zone to the North - More
- November 03, 2011 | Item | ShareThis
Nevsun Drills 88.5m of 11.8% Zinc at Bisha Mine - "Nevsun Resources Ltd. (TSX: NSU.TO - News)(AMEX: NSU.TO - News) is pleased to report assays from the 41 infill diamond drill holes at the Bisha Main deposit." More
- November 03, 2011 | Item | ShareThis
Formation Metals Inc.: Idaho Cobalt Project Senior Debt Facility Not Proceeding - More
- November 03, 2011 | Item | ShareThis
Queenston Reports More High-Grade from Upper Beaver and the Discovery of a Near Surface Gold Zone - More
- November 03, 2011 | Item | ShareThis
AQM Copper Expands the Victoria Discovery and Intersects 111 Metres of 0.43% Copper - More
- November 03, 2011 | Item | ShareThis
Extorre Increases Gold-Silver Resources at Cerro Moro - "Extorre Gold Mines Limited (TSX: XG.TO - News)(AMEX: XG.TO - News)(Frankfurt: E1R.F - News) ("Extorre" or the "Company") is pleased to provide an updated National Instrument 43-101 compliant mineral resource estimate for its Cerro Moro Project, Santa Cruz Province, Argentina." More
- November 03, 2011 | Item | ShareThis
Alamos Gold Reports Third Quarter 2011 Financial Results and Provides Development and Exploration Updates - More
- November 03, 2011 | Item | ShareThis
Canaco Reports Additional Drill Results at Magambazi, Including 11.0 Metres at 14.75 Grams per Tonne Gold, and Provides Exploration Update for Handeni - More
- November 03, 2011 | Item | ShareThis
Salazar High Grade Intercepts - More
- November 03, 2011 | Item | ShareThis
Talison Lithium to Report Fiscal First Quarter 2012 Financial Results on November 14, 2011 - More
- November 03, 2011 | Item | ShareThis
Torex Reminds Warrantholders of November 14, 2011 Warrant Expiry Date - More
- November 03, 2011 | Item | ShareThis
Driven Capital Expands Kuyakuz Mountain Project - More
- November 03, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report - Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here Additional Resources for today’s Gold Seeker Report can be found: © Gold Seeker 2011 Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given. Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
-- Posted 3 November, 2011 | |
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