-- Posted 18 November, 2011 | |
| Close | Gain/Loss | On Week | Gold | $1724.20 | +$6.10 | -3.53% | Silver | $32.27 | +$0.73 | -6.90% | XAU | 196.04 | -0.88% | -7.72% | HUI | 553.80 | -1.38% | -8.26% | GDM | 1582.36 | -1.31% | -8.42% | JSE Gold | 3099.96 | -104.53 | -2.60% | USD | 78.05 | -0.23 | +1.51% | Euro | 135.10 | +0.48 | -1.75% | Yen | 130.03 | +0.10 | +0.26% | Oil | $97.41 | -$1.41 | -1.60% | 10-Year | 2.012% | +0.054 | -2.14% | Bond | 142.78125 | -0.5625 | +1.04% | Dow | 11796.16 | +0.22% | -2.94% | Nasdaq | 2572.50 | -0.60% | -3.97% | S&P | 1215.65 | -0.04% | -3.81% |
The Metals: Gold rose $19.10 to $1737.20 by a little before 8AM EST before it chopped back down to $1712.70 by early afternoon in New York, but then rallied back higher in late trade and ended with a gain of 0.36%. Silver climbed to as high as $32.473 in London before it also fell back off a bit in New York, but it then rose to a new session high of $32.585 at about 1:30PM EST and ended with a gain of 2.31%. Euro gold remained at about €1276, platinum gained $7.50 to $1585.50, and copper gained 4 cents to about $3.40. Gold and silver equities fell about 1% by early afternoon and remained near that level for the rest of the day. The Economy: Report | For | Reading | Expected | Previous | Leading Indicators | Oct | 0.9% | 0.6% | 0.1% |
Tackling Income Inequality Yahoo New deficit deal proving elusive as deadline nears Yahoo Supercommittee Seeks Path Amid GOP Skepticism Bloomberg Birthrate Declines for Third Year as Economy Forces Choices on Family Size Bloomberg Automatic spending cuts a new threat to US economy Yahoo All of this week’s other economic reports: NAHB Housing Market Index - November | 20 v. 17 |
Next week’s economic highlights include Existing Home Sales on Monday, GDP and FOMC Minutes on Tuesday, and Initial Jobless Claims, Personal Income and Spending, Core PCE Prices, Durable Goods Orders, and Michigan Sentiment on Wednesday. The Markets:
Charts Courtesy of http://finance.yahoo.com/ Oil fell on worries about waning energy demand due to ongoing debt problems. The U.S. dollar index pared some of its early losses but still ended lower as the euro rose on hopes that European officials will come up with a solid debt plan over the weekend. Treasuries fell as the Dow, Nasdaq, and S&P traded mostly slightly higher on optimism about Europe, but both the Nasdaq and S&P ended with slight losses on the day. Among the big names making news in the market Friday were UBS, United, AMR, Salesforce, and Hewlett-Packard. GATA Posts: Central bank gold purchases soar Probe points to MF Global's misuse of segregated customer funds The Statistics: Activity from: 11/17/2011 Gold Warehouse Stocks: | 11,235,064 | -193 | Silver Warehouse Stocks: | 108,273,890 | -16,258 |
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 | 1289.457 | 41,457,342 | US$71,250m | 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$6,395m | 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$6,998m | Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,270 | US$788m | Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.46 | 1,365,255 | US$2,379m | NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,946 | US$9m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 12.102 tonnes. COMEX Gold Trust (IAU) Total Tonnes in Trust: 169.28: No change from yesterday’s data. Silver Trust (SLV) Total Tonnes in Trust: 9,783.71: No change from yesterday’s data. The Miners: WINNERS 1. Claude | CGR +6.67% $1.76 | 2. Midway | MDW+4.98% $2.32 | 3. Gold Reserve | GRZ +4.40% $2.85 |
LOSERS 1. Nevsun | NSU-5.11% $5.38 | 2. Paramount | PZG -5.10% $2.42 | 3. Revett | RVM-4.89% $4.86 |
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: Rockbridge Announces Shares for Debt - More - November 18, 2011 | Item | ShareThis
Southern Arc Announces Results of Annual General Meeting - More - November 18, 2011 | Item | ShareThis
Regal Resources is Pleased to Provide Shareholders an Update With Regard to the Company's Ongoing Activities on Its Squaw Peak and Patagonia Properties - More - November 18, 2011 | Item | ShareThis
Adroit Resources Inc.: $450,000 Private Placement Agreed - More - November 18, 2011 | Item | ShareThis
Rio Alto Announces Option Grant - More - November 18, 2011 | Item | ShareThis
Orex Announces New Director - More - November 18, 2011 | Item | ShareThis
Guyana Frontier Announces Warrants Exercise - More - November 18, 2011 | Item | ShareThis
Guyana Goldfields Receives the Mining License for the Aurora Gold Project from the Government of Guyana - More - November 18, 2011 | Item | ShareThis
Tintina Mines Limited Announces Completion of 48 KM Access Road to Red Mountain and Provides Corporate Update - More - November 18, 2011 | Item | ShareThis
Budget Announcement by Ghana's Ministry of Finance and Economic Planning - "Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) has noted this week's Budget announcement by Ghana's Ministry of Finance and Economic Planning, which includes proposed changes to the tax regime for the country's mining industry." More - November 18, 2011 | Item | ShareThis
Avala Resources Announces Grant of Stock Options - More - November 18, 2011 | Item | ShareThis
NV Gold Assays 4.049 gpt Gold Over 16.8 Meters at Afgan, Confirms Gold Resource Remains Open - More - November 18, 2011 | Item | ShareThis
Sona Cuts 28.1g Au/t Over 1.46 Metres at the Elizabeth Gold Deposit Property - More - November 18, 2011 | Item | ShareThis
Harmony Enters Into Letter of Intent to Acquire 14 Claims in Northwest Territories and Arranges Financing - More - November 18, 2011 | Item | ShareThis
St Augustine Gold & Copper Ltd Announces Completion of $12.18 Million Private Placement - More - November 18, 2011 | Item | ShareThis
Freeport Arranges Financing for Spanish Mt. Gold, Hutton & Q Projects - More - November 18, 2011 | Item | ShareThis
Unigold Grants Stock Options - More - November 18, 2011 | Item | ShareThis
Fire River Gold Corp. Announces Additional Revenue from the Nixon Fork Mine Project - More - November 18, 2011 | Item | ShareThis
Brionor Announces Changes to Its Board of Directors - More - November 18, 2011 | Item | ShareThis
Athena Silver Increases Land Position at Langtry Project - More - November 18, 2011 | Item | ShareThis
Ranger Completes Drill Program on CX Property - More - November 18, 2011 | Item | ShareThis
Megastar Development Corp.: Results of Annual General Meeting - More - November 18, 2011 | Item | ShareThis
Huldra Silver Provides Initial Drill Results from the 2011 Exploration Program at Treasure Mountain - More - November 18, 2011 | Item | ShareThis
Cayden Resources Raises CAD$7.85 Million Through a Brokered Private Placement - More - November 18, 2011 | Item | ShareThis
Commerce Resources Corp. Completes 2011 Exploration Program at Upper Fir Tantalum and Niobium Deposit, Blue River, British Columbia - More - November 18, 2011 | Item | ShareThis
Royal Standard Minerals, Inc. (RYSMF) Announces the Appointment of Mr. Philip Gross to the Board of Directors - More - November 18, 2011 | Item | ShareThis
AurCrest Closes $1,063,500 Financing - More - November 18, 2011 | Item | ShareThis
Sama Resources Announces Improved Metallurgical Results Using Heavy Media Separation Testing on Its Samapleu Nickel-Copper Project, Cote d'Ivoire, Africa - More - November 18, 2011 | Item | ShareThis
Molycor Adds Experts to Board and Management - More - November 18, 2011 | Item | ShareThis
Bid for Jaguar Shows Record Premium Cheap With Chinese: Real M&A - "Jaguar Mining Inc., which is exploring its options after receiving acquisition proposals, is proving that even a record takeover premium for a gold company can be a bargain.
Shandong Gold Group Co., owner of China’s second-largest gold producer, offered to buy Jaguar for $785 million in cash, two people familiar with the deal said Nov. 16. The $9.30-a- share bid is 77 percent more than Jaguar’s prior 20-day average, the highest premium in a cash takeover of a gold miner greater than $500 million, according to data compiled by Bloomberg. Jaguar closed yesterday at a 3.5 percent discount to its net asset value, cheaper than 94 percent of comparable gold miners." More - November 18, 2011 | Item | ShareThis
AuRico Achieves Major Milestone at Young-Davidson - "AuRico Gold Inc. (TSX: AUQ.TO - News) (NYSE: AUQ.TO - News), ("AuRico", or the "Company") is pleased to report that open pit pre-production development has commenced at Young - Davidson with the Company successfully completing its first open pit blast on Thursday, November 17, 2011 . Commissioning of the Young - Davidson mine project remains on schedule with the first gold pour anticipated for the end of March 2012." More - November 18, 2011 | Item | ShareThis
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-- Posted 18 November, 2011 | |
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