-- Posted Monday, 7 June 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1237.90 | +$21.60 |
Silver | $18.13 | +$0.78 |
XAU | 172.25 | +1.89% |
HUI | 456.89 | +2.80% |
GDM | 1384.10 | +2.80% |
JSE Gold | 2544.94 | +39.53 |
USD | 88.51 | +0.26 |
Euro | 119.16 | -0.53 |
Yen | 109.20 | +0.39 |
Oil | $71.40 | -$0.07 |
10-Year | 3.184% | -0.011 |
T-Bond | 124.8125 | -0.09375 |
Dow | 9816.49 | -1.16% |
Nasdaq | 2173.90 | -2.04% |
S&P | 1050.47 | -1.35% |
The Metals:
Gold reversed slight gains in Asia and fell as much as $5.90 to $1210.40 in London, but it then shot higher in late morning New York trade and ended near its early afternoon high of $1239.35 with a gain of 1.78%. Silver followed a similar pattern and ended near its late session high of $18.15 with a gain of 4.5%. This past May 12th gold set its record closing high of $1242.70 and record intraday high of $1249.30.
Euro gold rose to a new record high at about €1035, platinum lost $5.90 to $1512.00, and copper fell over 5 cents to about $2.76.
Gold and silver equities rose roughly 3% by early afternoon before they fell back off a bit in late trade as the major indices dropped, but they still ended with about 2% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Consumer Credit | Apr | $1.0B | -$2.0B | -$5.4B |
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell and the U.S. dollar index rose as the euro dropped to a new four year low under 1.19 on continued worries over sovereign debt.
Treasuries fell on worries over demand for this week’s debt auctions that total $70 billion and begin tomorrow with a $36 billion auction of 3-year notes.
The Dow, Nasdaq, and S&P fell over 1% on persistent worries about Europe.
Among the big names making news in the market today were Coke, BP, Apple, Chrysler, Walgreen, and Bank of America.
GATA Posts:
Peter Grandich: Thanks for letting another side be told
Gene Arensberg: Gold outperforming silver but silver may be better buy
TheStreet.com interviews GATA secretary on gold price suppression
Peter Brimelow: Does gold know something gold shares don't?
Mark Leibovit: Is gold manipulated?
Economists in Telegraph survey see euro dying within five years
Euros for dollars and gold trade denied by Iranian central bank
Most of record gold demand is diverted into ETFs
Silver now almost completely bullish, Ted Butler tells King World News
The Statistics:
Activity from: 6/03/2010
Gold Warehouse Stocks: | 10,735,994 | - |
Silver Warehouse Stocks: | 117,919,678 | +574,293 |
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 | 1286.359 | 41,357,741 | US$50,243m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 122.55 | 3,940,158 | US$4,873m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 476,037 | US$568m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 45.51 | 1,463,200 | US$1,761m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,975 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.48 and the LSE added 0.18 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 84.19 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9208.83: -45.72 change from yesterday’s data.
The Miners:
AngloGold’s (AU) and Gold Fields’ (GFI) mine accidents, Apollo (AGT) and Linear’s (LRR.TO) ore grade improvements, Fronteer’s (FRG) drill results and expanded plan of operations, US Gold’s (UXG) discovery recognition, Northgate’s (NXG) option agreement, Ivanhoe’s (IVN) drilling program, Crystallex’s (KRY) strategic partnership, and Sabina’s (SBB.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Fronteer | FRG+7.89% $6.29 |
2. Goldcorp | GG+4.57% $44.16 |
3. Exeter | XRA+4.47% $7.01 |
LOSERS
1. Entree | EGI -8.08% $1.82 |
2. Freeport | FCX-6.61% $58.66 |
3. Banro | BAA -3.47% $1.67 |
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:
Drilling begins at Brewery Creek - More
- June 07, 2010 | Item | ShareThis
Northern Lion Gold Corp.: Diamond Drill Program Commences in the Republic of Cyprus - More
- June 07, 2010 | Item | ShareThis
First Property Acquisition for New Rencore Resources - More
- June 07, 2010 | Item | ShareThis
Goldrush Announces Phase II Drilling and Trenching Program Plan for Ronguen Gold Deposit - More
- June 07, 2010 | Item | ShareThis
Upper Canada Gold Corporation Announces Assay Results From the Dingman Property 2010 Drilling - More
- June 07, 2010 | Item | ShareThis
Sabina Gold & Silver Announces Positive Drill Results at Hackett River & Wishbone Projects, Nunavut - "A total of 13,328 meters in 54 holes have been drilled to date in a planned 30,000 meters program on the Hackett River and Wishbone Projects during the winter phase of the 2010 program. Priority was placed on targets that could only be drilled during the winter months from locations on, or near to, lakes or eskers that are best drilled during frozen conditions." More
- June 07, 2010 | Item | ShareThis
Hana Mining Grants Incentive Stock Options - More
- June 07, 2010 | Item | ShareThis
Jubilee Gold Inc. Amends Royalty With Gold Canyon Resources Inc. and Provides Update on Corporate Developments - More
- June 07, 2010 | Item | ShareThis
Nortec Minerals Corp.: Drilling Has Begun on The Seinajoki Gold Project in Finland - More
- June 07, 2010 | Item | ShareThis
Fire River Gold Closes Final Tranche of Financing for Proceeds of a Cumulative Total of $4,232,900 - More
- June 07, 2010 | Item | ShareThis
Avion Continues to Meet Production Targets Produces 6,650 Ounces of Gold in May - More
- June 07, 2010 | Item | ShareThis
Riverside Resources Signs Definitive Agreement for Farm Out of Cerro Azul Porphyry Copper and Gold Project With Guerrero Gold Inc. - More
- June 07, 2010 | Item | ShareThis
Ecometals Announces Assay Results and Drilling Update, Rio Zarza Gold Project, Ecuador - More
- June 07, 2010 | Item | ShareThis
Xmet Inc. Announces Commencement of Trading on the TSX Venture Exchange and Engagement of T2W Market Liquidity Inc. - More
- June 07, 2010 | Item | ShareThis
Goldcorp Declares Sixth Monthly Dividend Payment for 2010 - "GOLDCORP INC. (TSX:G - News)(NYSE:GG - News) is pleased to declare its sixth monthly dividend payment for 2010 of $0.015 per share. Shareholders of record at the close of business on Thursday, June 17, 2010 will be entitled to receive payment of this dividend on Friday, June 25, 2010. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends." More
- June 07, 2010 | Item | ShareThis
ANDINA Drills 110 Metres of 1.72 g/t Gold in the Dorado West Zone at Volcan - More
- June 07, 2010 | Item | ShareThis
Royal Roads reports new assay results of 24.85% zinc, 10.75% lead, 2.65% copper, 212.9 g/t silver, & 1.48 g/t gold over 2.38 metres at Buchans North - More
- June 07, 2010 | Item | ShareThis
Ditem Explorations Inc.: Ground Geophysical Survey on Otish Uranium Property - More
- June 07, 2010 | Item | ShareThis
Cameco Investor Audiocast Advisory - More
- June 07, 2010 | Item | ShareThis
Mawson Reports Bonanza Gold With High Grade Uranium At Rompas, Finland - More
- June 07, 2010 | Item | ShareThis
Cadan Granted Environmental Compliance Certificate - More
- June 07, 2010 | Item | ShareThis
Baja Announces Letter of Intent With Louis Dreyfus and Reports on Boleo Debt Financing Progress - More
- June 07, 2010 | Item | ShareThis
Mirasol Confirms Silver Results from the Ely, Margarita, and Naty Veins, Virginia Vein Zone, Argentina - More
- June 07, 2010 | Item | ShareThis
Drilling Commences At Copper Ridge's Yukon Olympic IOCG Project - More
- June 07, 2010 | Item | ShareThis
TerraX begins drilling at Sunbeam-Pettigrew Gold Property, Atikokan, Ontario; Drilling completed at Blackfly - More
- June 07, 2010 | Item | ShareThis
Magma Metals Limited: Two Gold Zones Identified at Griffins Find - More
- June 07, 2010 | Item | ShareThis
Canuc Resources Corporation Reports on Progress of Current Drilling Program in Nambija, Ecuador - More
- June 07, 2010 | Item | ShareThis
Barkerville Gold Mines Ltd.: Exploration Drilling at QR in Progress-Bonanza Ledge Zone Drilling Announced-Mining & Production Staff Appointed - More
- June 07, 2010 | Item | ShareThis
Galore Outlines Large IP and Magnetic Anomalies at Dos Santos - More
- June 07, 2010 | Item | ShareThis
RX Updates on Drumlummon Mine Development - More
- June 07, 2010 | Item | ShareThis
Uranerz Adds to Resource Base in Powder River Basin - More
- June 07, 2010 | Item | ShareThis
Empire Mining Corporation Appoints Nicholas Royston Clarke to Board and Promotes Robert F. Giustra to Chairman - More
- June 07, 2010 | Item | ShareThis
Ironwood Gold Corp. Receives Independent 43-101 Report on Haystack Gold Property in Nevada - More
- June 07, 2010 | Item | ShareThis
Rye Patch Gold Drills 44.5 g/t Au and 36.3 g/t Ag Over 1.5 Metres at Wilco - More
- June 07, 2010 | Item | ShareThis
Michael Butler joins DNI Metals as new director - More
- June 07, 2010 | Item | ShareThis
Golden Hope Mines Appoints Robert J. Stocks to its Board of Directors - More
- June 07, 2010 | Item | ShareThis
Pediment Gold Begins 40,000 Meter Drill Program at San Antonio - More
- June 07, 2010 | Item | ShareThis
Philippine Metals Completes Ground Geophysics - More
- June 07, 2010 | Item | ShareThis
East Asia Minerals Advances the Miwah Main Zone North; Encounters 2.01 g/t Gold Over 44 Metres Within 103.5 Metres Grading 1.07 g/t Gold - More
- June 07, 2010 | Item | ShareThis
Gold Canyon Negotiates Amendments to Royalties Related to Certain Springpole Project Claims - More
- June 07, 2010 | Item | ShareThis
Boliden: Björn Koorem - New General Manager for Aitik - More
- June 07, 2010 | Item | ShareThis
VG Gold's Paymaster West Project Returns Highest Gold Grades Yet - More
- June 07, 2010 | Item | ShareThis
REC Minerals Commences Drilling at Yukon Olympic - More
- June 07, 2010 | Item | ShareThis
Intrepid Mines Limited: Paulsens Sale Process Update - More
- June 07, 2010 | Item | ShareThis
Romios Announces the Commencement of Its Drilling and Exploration Program for 2010 in the Galore Creek Area, Northwestern British Columbia - More
- June 07, 2010 | Item | ShareThis
Red Pine Exploration Defines New DZ3 Gold Trend With Immediate Gold Targets - More
- June 07, 2010 | Item | ShareThis
Energizer Continues to Expand Resource On Way to Targeted 55 Million Tonne Resource on Green Giant Vanadium Project in Madagascar - More
- June 07, 2010 | Item | ShareThis
Geo Minerals Receives Drilling Assays and Expands Ground Position at Copper Springs Porphyry Copper Project, Arizona - More
- June 07, 2010 | Item | ShareThis
VG Gold's Paymaster West Project Returns Highest Gold Grades Yet - 1,850 grams per tonne gold over 0.9 metres (53.96 opt over 2.8 feet) - More
- June 07, 2010 | Item | ShareThis
Liberty Commences Open Pit Mining at McWatters - More
- June 07, 2010 | Item | ShareThis
Capstone Reports Operations at Minto Mine to be Temporarily Suspended for Back Burn - More
- June 07, 2010 | Item | ShareThis
Puget Ventures Inc. Discovers High Grade Extension of Werner Lake Cobalt Deposit - More
- June 07, 2010 | Item | ShareThis
North American Palladium Provides LDI Exploration Update - More
- June 07, 2010 | Item | ShareThis
Soltoro Trenching Returns 22 Metres of 143 gpt Silver at El Rayo Silver Gold Project - More
- June 07, 2010 | Item | ShareThis
Gold firms look at Lihir, no new bid imminent -sources - "Barrick Gold (ABX)TO>, Newmont Mining Corp (NEM.N) and AngloGold Ashanti (ANGJ.J) have looked at the books of Australian takeover target Lihir Gold (LGL.AX) but no fresh bids were imminent, people familiar with the situation said Monday." More
- June 07, 2010 | Item | ShareThis
AngloGold, Gold Fields SAfrica ops shut over safety - "Gold production by South African companies AngloGold Ashanti (ANGJ.J) and Gold Fields (GFIJ.J) was disrupted following accidents at separate mines." More
- June 07, 2010 | Item | ShareThis
Apollo and Linear Report Continuing Ore Grade Improvements at the Black Fox Mine - "Apollo Gold Corporation (TSX: APG - News) (NYSE Amex: AGT) (“Apollo”) and Linear Gold Corp. (TSX: LRR - News) (“Linear”) report performance improvements at the Black Fox Mine are continuing with operating results during April and May 2010 demonstrating significant increases in ore grade and corresponding gold production compared to results for the first quarter of 2010 (“Q1 2010”)." More
- June 07, 2010 | Item | ShareThis
Fronteer Gold Inc.: New High-Grade Drill Results and Expanded Plan of Operations for Sandman Gold Project, Nevada - "Fronteer Gold (TSX:FRG - News)(AMEX:FRG - News) reports new high-grade drill results from Silica Ridge, one of four gold deposits that comprise our Sandman project, and announces approval of an expanded Plan of Operations for the Nevada property." More
- June 07, 2010 | Item | ShareThis
US Gold Corporation: El Gallo Recognized as Sinaloa's "Discovery of the Year" - "US GOLD CORPORATION (AMEX:UXG - News)(TSX:UXG - News) is pleased to announce the Company's El Gallo Project has been recognized as Sinaloa's "Discovery of the Year". This recognition is presented by The Government of Sinaloa through the Mexico's Ministry of Economic Development to the exploration company with the most significant mineral discovery in Sinaloa State, during the previous year." More
- June 07, 2010 | Item | ShareThis
Northgate Minerals and Nevada Exploration Sign Formal Option Agreement on the Awakening Gold Project - "Northgate Minerals Corp. ("Northgate") (TSX:NGX - News)(AMEX:NXG - News) and Nevada Exploration Inc. ("NGE") (TSX-V:NGE - News) are pleased to announce the completion and execution of the definitive Exploration and Option to Enter Joint Venture Agreement ("Agreement") on NGE's Awakening Gold Project ("Property"), in Humboldt County, Nevada. The Agreement grants Northgate the option to earn an initial 51% interest in the Property by spending $4,100,000 in exploration and making additional payments totaling $436,000 over five years. Northgate's exploration commitment in the first year is $500,000. If Northgate completes the initial 51% earn-in, it may then earn an additional 14%, for a total of 65%, by completing a feasibility report on the Property." More
- June 07, 2010 | Item | ShareThis
Phase-One Drilling Program Improves Grades and Extent of High-Grade Gold Mineralization at Ivanhoe Mines' 50%-Owned Kyzyl Gold Project - "Robert Friedland, Chairman of Ivanhoe Mines (TSX:IVN - News)(NYSE:IVN - News)(NASDAQ:IVN - News), and David Woodall, Chief Executive Officer of Altynalmas Gold Ltd., announced today that gold mineralization has been expanded and upgraded by confirmatory drilling at Altynalmas's Kyzyl Gold Project in northeastern Kazakhstan. Ivanhoe Mines owns 50% of Altynalmas." More
- June 07, 2010 | Item | ShareThis
Crystallex Forms Strategic Partnership With the Resource Subsidiary of China Railway Engineering Corporation - "Crystallex International Corporation (TSX:KRY - News)(AMEX:KRY - News) announced today that it has signed a binding agreement (the "Agreement") with China Railway Resources Group Co. Ltd. ("CRRC") to create a strategic partnership for the development of the Las Cristinas gold project in Bolivar State, Venezuela ("Las Cristinas")." More
- June 07, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Monday, 7 June 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains Almost 2% While Silver Surges Over 4%
