-- Posted 1 December, 2011 | |
| Close | Gain/Loss |
Gold | $1743.90 | -$3.10 |
Silver | $32.72 | -$0.14 |
XAU | 207.70 | -0.29% |
HUI | 584.64 | -0.02% |
GDM | 1668.98 | -0.10% |
JSE Gold | 3248.05 | +44.21 |
USD | 78.30 | -0.08 |
Euro | 134.61 | +0.20 |
Yen | 128.68 | -0.24 |
Oil | $100.20 | -$0.16 |
10-Year | 2.117% | +0.049 |
T-Bond | 140.65625 | -0.96875 |
Dow | 12020.03 | -0.21% |
Nasdaq | 2626.20 | +0.22% |
S&P | 1244.58 | -0.19% |
The Metals:
Gold drifted back to $1740.70 by about 4:15AM EST and shot up to $1754.10 in the next hour of trade before it chopped back down to $1733.40 by early afternoon in New York, but it then rallied back higher in late trade and ended with a loss of just 0.18%. Silver fell to $32.465 in Asia before it rose to as high as $33.418 by late morning in New York, but it then fell back off midday and ended with a loss of 0.43%.
Euro gold fell to about €1296, platinum gained $4.21 to $1556.34, and copper fell 5 cents to about $3.52.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 11/26 | 402K | 390K | 396K |
ISM Index | Nov | 52.7 | 51.0 | 50.8 |
Construction Spending | Oct | 0.8% | 0.3% | 0.2% |
Average Foreclosure Time Sets New Record Yahoo
Fed’s Discount Rate Among Tools to Counter Europe’s Debt Crisis Bloomberg
Rate on 30-year fixed mortgage hovers at 4 pct. Yahoo
November chilled retailers without new tactics Reuters
Tomorrow at 8:30AM EST brings November’s jobs data. Nonfarm Payrolls are expected at 123,000, the Unemployment Rate is expected at 9.0%, 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 ended slightly lower on mixed economic data.
The U.S. dollar index and treasuries fell after some successful bond auctions in Spain and France gave the euro modest strength.
The Dow, Nasdaq, and S&P waffled near unchanged as traders digested yesterday gains and awaited tomorrow’s jobs data.
Among the big names making news in the market Friday were Yahoo, Clearwire, GM, Chrysler, Nissan, BofA, and Zynga.
ECB hints at action if euro zone adopts fiscal pact Reuters
Spanish, French Bonds Rise After Auctions Bloomberg
Senators to probe regulators' role in MF Global Yahoo
GATA Posts:
Sprott appeals to silver miners: Start treating your metal as money
The Statistics:
Activity from: 11/30/2011
Gold Warehouse Stocks: | 11,298,879 | -242 |
Silver Warehouse Stocks: | 108,170,808 | +24,993 |
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 | 1298.534 | 41,749,153 | US$73,119m |
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$6,442m |
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$7,050m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,200 | US$797m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.01 | 1,318,403 | US$2,302m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,945 | US$9m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.211 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.54: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,706.54: +78.66 change from yesterday’s data.
The Miners:
Barrick’s (ABX) notice to debenture holders, Keegan’s (KGN) agreement to acquire an additional concession, Tanzanian Royalty’s (TRX) updated NI 43-101 compliant technical report, and Seabridge’s (SA) design improvements were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Kimber | KBX +5.71% $1.11 |
2. Exeter | XRA +5.52% $3.25 |
3. Tanzanian Royalty | TRX +5.49% $2.88 |
LOSERS
1. Loncor | LON-20.59% $1.35 |
2. Claude | CGR -6.15% $1.83 |
3. US Gold | UXG -4.58% $3.96 |
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:
El Tigre Silver Corp. Appoints Investor Relations Consultant - More
- December 01, 2011 | Item | ShareThis
Detour Gold Completes Acquisition of Trade Winds - More
- December 01, 2011 | Item | ShareThis
Northern Tiger Identifies New Gold Exploration Targets at 3Ace Property, Yukon - More
- December 01, 2011 | Item | ShareThis
Tiex Inc. Soil Samples Indicate Presence of Large Copper Porphyry and Gold Targets on Quesnel Trough Properties - More
- December 01, 2011 | Item | ShareThis
Premium Exploration Makes Multiple New Gold Discoveries at Idaho Gold Project - More
- December 01, 2011 | Item | ShareThis
Notice to Holders of Cadence Energy 4.75% Convertible Unsecured Subordinated Debentures - "Barrick Gold Corporation (NYSE: ABX - News)(TSX: ABX - News) announced today that, pursuant to the terms of Cadence Energy 4.75% Convertible Unsecured Subordinated Debentures due 2012 (the "Debentures") (CDS.DB), upon compliance with the terms and conditions of the Debentures, in connection with the previously announced payment of regular dividends on the common shares of Barrick Gold Corporation (the "Barrick Shares"), the Debentures are convertible from and after December 16, 2011 into Barrick Shares at a rate of 19.52 Barrick Shares for each $1,000 principal amount of Debentures (subject to further adjustment in accordance with the indenture governing the terms of the Debentures)." More
- December 01, 2011 | Item | ShareThis
Fancamp's Lac Lamelee South Project-214m Grading 31.2% FeT - More
- December 01, 2011 | Item | ShareThis
Opawica Explorations Closes $190,000 Private Placement - More
- December 01, 2011 | Item | ShareThis
Northaven Stakes Additional Claims After Receiving Geophysical Results - More
- December 01, 2011 | Item | ShareThis
Providence Resources Corp. Announces Director & Management Changes and Grant of Stock Options - More
- December 01, 2011 | Item | ShareThis
Amex-Bowmore Cut Large Intercept of Carlin-Type Gold Mineralization at Nueva Escondida Property in Mexico - More
- December 01, 2011 | Item | ShareThis
Analysis of the 2011 Summer Drilling Results on the Carheil Project - More
- December 01, 2011 | Item | ShareThis
Altius Reports on 2011 AGM Results - More
- December 01, 2011 | Item | ShareThis
Wolverine Identifies a Large, Strongly Anomalous Gold in Soil Zone at Its Vivi Property - More
- December 01, 2011 | Item | ShareThis
Creso Announces 2320 g/t Ag Over 1.0 Metre Interval Within 131 g/t Ag Over 29.3 Metres Intersection in the First Results from the Mann Property Drill Program - More
- December 01, 2011 | Item | ShareThis
DIOS: Drilling Results on Shipshaw Carbonatite Complex - More
- December 01, 2011 | Item | ShareThis
Ashuanipi Project: Virginia Enters Into Agreement With Anglo American - More
- December 01, 2011 | Item | ShareThis
Inmet Mining Presentation At The 2011 Desjardins Securities Mines & Metals Day - More
- December 01, 2011 | Item | ShareThis
Titan Iron Ore Corp. Reports Exploration Progress at the Wyoming Iron Complex - More
- December 01, 2011 | Item | ShareThis
Soltoro Announces Analyst Coverage Initiated by Euro Pacific Canada Inc. - More
- December 01, 2011 | Item | ShareThis
Cartier Signs a Sale Agreement in Respect of its Riviere Dore Copper-Nickel Project - More
- December 01, 2011 | Item | ShareThis
Gold Reach Announces the Discovery of a New Mineralized Zone at Seel - More
- December 01, 2011 | Item | ShareThis
Drilling Completed on Southern's Oro Project in New Mexico; Permits Received for Dragoon Drilling - More
- December 01, 2011 | Item | ShareThis
Expedition Mining's Soil Geochemical Survey Outlines Multiple Multi-Element Anomalies on Mt. Mervyn Property - More
- December 01, 2011 | Item | ShareThis
Salazar Intercepts 17.92 Meters Grading 2.36% Copper, Including 7.54 Meters Grading 4.69% Copper at El Domo - More
- December 01, 2011 | Item | ShareThis
Skyline Gold Corporation: Bug Lake Channel Samples up to 152.5 g/t Gold - More
- December 01, 2011 | Item | ShareThis
Abzu Gold Extends Nangodi Main Gold System to 1,200 Metres: Announces Results from Latest 12 Drill Holes - More
- December 01, 2011 | Item | ShareThis
Metals Creek Reports Results from Geochemistry Sampling on Its Claim Holdings in the White Gold District, Yukon - More
- December 01, 2011 | Item | ShareThis
Copper One Signs Purchase Agreement in Respect of Riviere Dore Copper Nickel Property - More
- December 01, 2011 | Item | ShareThis
Highbank Completes 2nd Tranche of Total $220,000 Financing - More
- December 01, 2011 | Item | ShareThis
B2Gold Corp. Announces Further Positive Exploration Drill Results From La Libertad Mine Property in Nicaragua Increasing the Size of the Jabali Zones - More
- December 01, 2011 | Item | ShareThis
Northland Receives Construction Permit for Narvik Iron Ore Terminal - More
- December 01, 2011 | Item | ShareThis
NMC Resource (TSX VENTURE: NRC) Deep Exploration Drilling Extends Molybdenite Mineralization Beyond Current Resource Area and Grant of Stock Options - More
- December 01, 2011 | Item | ShareThis
Excelsior's Gunnison Project Receives Positive Economic Assessment - More
- December 01, 2011 | Item | ShareThis
Seafield Intersects 148.75 Metres of 0.51 g/t Gold and 0.05% Copper, 105.3 Metres of 0.76 g/t Gold and 0.08% Copper at Dosquebradas Prospect, Quinchia District - More
- December 01, 2011 | Item | ShareThis
Mazorro Resources and Adventure Gold Intersect 60.6 Metres of 3.1 G/T Au at the Lapaska Bulk Tonnage Gold Property - More
- December 01, 2011 | Item | ShareThis
Adventure Gold and Mazorro Resources Intersect 60.6 Metres of 3.1 g/t Au at the Lapaska Bulk Tonnage Gold Property - More
- December 01, 2011 | Item | ShareThis
Silver Range Resources Ltd. Discovers High-Grade Silver and Gold Mineralization Near Faro, Yukon - More
- December 01, 2011 | Item | ShareThis
Canstar Engages Barry Greene as Exploration Manager - More
- December 01, 2011 | Item | ShareThis
Eurotin Reports That Its Santa Maria Project Is Amenable to the Production of High Grade Tin Concentrates and Other Corporate Developments - More
- December 01, 2011 | Item | ShareThis
Caribou and Alix Complete Program on Vault Property, Yukon - More
- December 01, 2011 | Item | ShareThis
Rio Alto Re-Affirms Guidance for 2011 Gold Production of 50,000 Ounces - More
- December 01, 2011 | Item | ShareThis
Rockcliff Closes on $1.175 Million of Flow-Through Offering With the MineralFields Group and Commences FT Unit and Unit Offerings - More
- December 01, 2011 | Item | ShareThis
Orocan Signs Agreement for Graphite Properties in Quebec - More
- December 01, 2011 | Item | ShareThis
Cap-Ex and ITUM Reach Agreement - More
- December 01, 2011 | Item | ShareThis
Black Iron is Proud to Celebrate Ukraine's 20th Anniversary of Independence at the U.S.-Ukraine Gala - More
- December 01, 2011 | Item | ShareThis
Red Crescent Provides Update - More
- December 01, 2011 | Item | ShareThis
Lara Exploration Ltd.: Positive Drill Results From the Curionopolis Copper-Gold Project - More
- December 01, 2011 | Item | ShareThis
Mustang Announces Mayville Exploration-Financing - More
- December 01, 2011 | Item | ShareThis
Lions Gate Metals Intersects 0.57% Copper Equivalent Over 70.4 Metres at Poplar Project - More
- December 01, 2011 | Item | ShareThis
Queenston Intersects New Gold Zone at the Rand Property, Kirkland Lake (including 8.4 g/t Au over 22.6 m) - More
- December 01, 2011 | Item | ShareThis
Kiska Continues to Expand Gold Zones at Island Mountain Prospect, Whistler Project, Alaska - More
- December 01, 2011 | Item | ShareThis
San Gold Extends L10 Zone to Depth - More
- December 01, 2011 | Item | ShareThis
Glass Earth Gold Consolidates New Discovery at "WKP SOUTH" and Commences Further Drilling - More
- December 01, 2011 | Item | ShareThis
GGL Resources Corp.: Annual Meeting Elects Five Directors - More
- December 01, 2011 | Item | ShareThis
QRS Capital Provides Exploration Update for Judith Project, Mexico - More
- December 01, 2011 | Item | ShareThis
Rio Tinto Succeeds in Bid for Hathor Exploration-Offer Extended to December 12, 2011 - More
- December 01, 2011 | Item | ShareThis
Keegan Adds an Additional Concession to the Esaase Gold Project - "Keegan Resources Inc. ("Keegan" or the "Company") (TSX: KGN.TO - News)(AMEX: KGN.TO - News) is pleased to announce that it has entered into a purchase agreement (the "Agreement") with Yetollas Mining Enterprise (YME) to acquire 100% interest in the Asuowin Concession (the Property) within the Asankrangwa gold belt, where Keegan's flagship Esaase Deposit occurs. The Agreement requires Keegan to make cash payments of US$400,000." More
- December 01, 2011 | Item | ShareThis
Tanzanian Royalty Announces Completion of NI 43-101 Resource Report for Kigosi Gold Project and Joint Venture With State Mining Corporation - "Tanzanian Royalty Exploration is pleased to announce that it has received an updated NI 43-101 compliant technical report from Venmyn Rand (Pty) of South Africa for its Kigosi Gold Project in northern Tanzania. The updated technical report provides a summary of all scientific and technical information accumulated for the Kigosi property and includes a confirmation statement of mineral resources." More
- December 01, 2011 | Item | ShareThis
Franco-Nevada and Lumina Royalty Complete Plan of Arrangement - "Franco-Nevada Corporation (TSX: FNV.TO - News) (NYSE: FNV.TO - News) ("Franco-Nevada") and Lumina Royalty Corp ("Lumina Royalty") announced today the completion of the Plan of Arrangement (the "Arrangement") between Franco-Nevada and Lumina Royalty pursuant to which Franco-Nevada has acquired all of the outstanding common shares of Lumina Royalty." More
- December 01, 2011 | Item | ShareThis
Seabridge Gold Revises KSM Permitting Schedule to Accommodate Improved Design - "Seabridge Gold (TSX: SEA.TO - News)(AMEX: SA - News) reported today that it intends to file its application for permits on its 100% owned KSM project in the 3rd quarter of 2012 in order to reflect project design improvements now nearing completion. The design improvements will be incorporated into a new Preliminary Feasibility Study ("PFS") which is scheduled for completion in April, 2012. Located in northwestern British Columbia, KSM is Canada's largest undeveloped gold project." More
- December 01, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 1 December, 2011 | |
