-- Posted Friday, 21 May 2010 | Digg This Article
| | Source: GoldSeek.com
Please Note: Canadian markets are closed on Monday in observance of Victoria Day.
| Close | Gain/Loss | On Week |
Gold | $1175.70 | -$12.30 | -4.23% |
Silver | $17.62 | -$0.10 | -8.04% |
XAU | 166.11 | +0.78% | -9.62% |
HUI | 431.85 | +0.32% | -11.41% |
GDM | 1302.70 | +0.22% | -11.09% |
JSE Gold | 2396.26 | -56.45 | -3.95% |
USD | 85.43 | -0.37 | -0.82% |
Euro | 125.72 | +1.04 | +1.58% |
Yen | 111.20 | -0.44 | +2.72% |
Oil | $70.04 | -$0.76 | -2.19% |
10-Year | 3.200% | -0.064 | -7.03% |
Bond | 124.875 | +0.84375 | +2.33% |
Dow | 10193.39 | +1.25% | -4.02% |
Nasdaq | 2229.04 | +1.14% | -5.02% |
S&P | 1087.69 | +1.50% | -4.23% |
The Metals:
Gold fell almost 2% to $1166.53 in early Asian trade before it climbed back to see a loss of just $3.18 at $1184.82 in London and then dropped to $1170.50 in midmorning New York trade ahead of a rally back to $1187.30 by about noon EST to see a loss of just 70 cents, but it then fell back off in afternoon trade and ended with a loss of 1.03%. Silver climbed to $17.80 and fell to $17.40 in midmorning New York trade before it rallied to a noontime high of $17.868, but it also fell back off into the close and ended with a loss of 0.56%.
Euro gold fell to about €936, platinum lost $2.50 to $1503, and copper rose over 11 cents to abut $3.05.
Gold and silver equities waffled on either side of unchanged for most of the day and ended with slight gains.
The Economy:
There were no major economic reports today. All of this week’s economic reports:
Next week’s economic highlights include Existing Home Sales on Monday, the Case-Shiller 20-city Index, Consumer Confidence, and the FHFA Housing Price Index on Tuesday, Durable Goods Orders and New Home Sales on Wednesday, Initial Jobless Claims and GDP on Thursday, and Personal Income and Spending, Chicago PMI, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on worries over slow economic growth and poor energy demand.
The U.S. dollar index fell after the euro continued its rebound from Tuesday’s four-year low on hopes that the worst of Europe’s problems are over with.
Treasuries cut into early gains as the Dow, Nasdaq, and S&P turned notable early loses into decent gains by the close on easing worries over Europe.
Among the big names making news in the market Friday were Abbot, Lehman Brothers, and Goldman Sachs.
GATA Posts:
J.S. Kim: 10 gold charts they don't want you to see
The Statistics:
Activity from: 5/20/2010
Gold Warehouse Stocks: | 10,540,588 | -100 |
Silver Warehouse Stocks: | 116,588,661 | -582,801 |
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 | 1220.152 | 39,229,093 | US$46,266m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 121.95 | 3,920,638 | US$4,641m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 476,124 | US$538m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 46.00 | 1,479,089 | US$1,763m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,976 | US$6m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 82.39 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,191.37 - No change from yesterday’s data.
The Miners:
Great Basin’s (GBG) executed credit facility, ITH’s (THM) new project manager, and Ivanhoe’s (IVN) advanced financing were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Entree | EGI +8.29% $2.22 |
2. Almaden | AAU +7.31% $1.01 |
3. Freeport | FCX+5.33%$67.01 |
LOSERS
1. Rubicon | RBY -5.56% $3.23 |
2. Endeavour | EXK -3.66% $3.42 |
3. Harmony | HMY-2.16% $9.04 |
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:
Globex Raises Additional Exploration Funds - More
- May 21, 2010 | Item | ShareThis
SLAM Mobilizing to Drill Gold Projects - More
- May 21, 2010 | Item | ShareThis
Hinterland Acquires Moulin Rouge Gold Project Near Quevillon, Quebec - More
- May 21, 2010 | Item | ShareThis
Petaquilla Minerals Ltd. Closes Private Placement Financing - More
- May 21, 2010 | Item | ShareThis
Court Continues to Uphold Uranium Resources' NRC License in New Mexico - More
- May 21, 2010 | Item | ShareThis
Gold Hawk Recognizes Filing of Dissident Circular; Postpones Meeting to August 17, 2010 - More
- May 21, 2010 | Item | ShareThis
Wildcat Closes $1 Million Private Placement - More
- May 21, 2010 | Item | ShareThis
Source Files NI 43-101 Technical Report on San Acacio Silver Property - More
- May 21, 2010 | Item | ShareThis
Great Basin Gold Executes US$47 Million Credit Facility - "Great Basin Gold Ltd, ("Great Basin" or the "Company"), (TSX: GBG; NYSE Amex: GBG; JSE: GBG) today announced that it had executed all formal documents for a US$47 million export finance facility ("the facility"), with Credit Suisse AG as the primary lender. Following the fulfillment of customary conditions precedent, the funds are available and can be drawn upon as required." More
- May 21, 2010 | Item | ShareThis
Khan Resources Acknowledges CNNC's Decision to Allow Its Offer to Expire - More
- May 21, 2010 | Item | ShareThis
Silvore Fox Minerals Corp. Introduces Geological & Technical Management Team & Provides Exploration Update - More
- May 21, 2010 | Item | ShareThis
Lydian International Limited Announces 2010 Annual General and Special Meeting Results - More
- May 21, 2010 | Item | ShareThis
Golden Valley Mines Proposes to Spin Out Four New Companies - More
- May 21, 2010 | Item | ShareThis
Golden Predator announces Name Change and Appointment of Vice President, Exploration (Canada) - More
- May 21, 2010 | Item | ShareThis
Laurentian Goldfields Ltd. to Commence Ground Exploration Program on Goldpines Property, ON - More
- May 21, 2010 | Item | ShareThis
AXMIN Receives TSX Venture Exchange Approval for the Loan and Draws Down the AfNat Loan in Full - More
- May 21, 2010 | Item | ShareThis
Luna Gold announces full process commissioning and commencement of gold production at its Aurizona Gold Project - More
- May 21, 2010 | Item | ShareThis
High Desert Gold Reports Results of Annual and Special Meeting of Shareholders and Resignation of Director - More
- May 21, 2010 | Item | ShareThis
Ventana Provides Quarterly Financial and Operating Outlook - More
- May 21, 2010 | Item | ShareThis
Gladstone Pacific Nickel Limited (ACN 104 261 887) Schedule 2 - Appointment of Acting Managing Director - More
- May 21, 2010 | Item | ShareThis
Detour Gold to Announce Feasibility Study Results for the Detour Lake Gold Project in Ontario - More
- May 21, 2010 | Item | ShareThis
Platmin Limited - Notice of Annual General Meeting - More
- May 21, 2010 | Item | ShareThis
Quadra and FNX Complete Merger - More
- May 21, 2010 | Item | ShareThis
Carpathian Announces Closing of US$30 Million Gold Sale Agreement With Macquarie Bank - More
- May 21, 2010 | Item | ShareThis
Greystar Resources Announces Delay in Appeal Decision to Reinstate Environmental Impact Assessment at Angostura Project, Colombia - More
- May 21, 2010 | Item | ShareThis
Karl Hanneman Joins International Tower Hill as Livengood Project Manager - "International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:ITH - News)(AMEX:THM - News)(Frankfurt:IW9 - News) is pleased to announce that Karl Hanneman has joined the Company as its Livengood Project Manager. Reporting to the President and CEO, Mr. Hanneman will be responsible for management and technical direction of all activities related to permitting and development of the Livengood Project. Mr. Hanneman, who has over 30 years of Alaska-based mining industry experience, most recently played a key role on the team that worked to resolve the permit issues at the Red Dog Mine, and previously held a lead role in the development and permitting of the Pogo Gold Mine, both in Alaska." More
- May 21, 2010 | Item | ShareThis
Ivanhoe Mines Advances Financing for Oyu Tolgoi Copper-Gold Project in Discussions With Leading International Financial Institutions - "Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN - News)(NYSE:IVN - News)(NASDAQ:IVN - News), and John Macken, President and Chief Executive Officer, announced today that Ivanhoe Mines has signed a joint mandate letter with the European Bank for Reconstruction and Development and the International Finance Corporation for evaluation of a major financing package for the construction of the planned Oyu Tolgoi mining complex in southern Mongolia." More
- May 21, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Friday, 21 May 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 4% and 8% on the Week
