-- Posted Wednesday, 7 July 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1197.80 | +$2.60 |
Silver | $17.96 | +$0.15 |
XAU | 173.09 | +2.80% |
HUI | 458.33 | +2.59% |
GDM | 1380.31 | +2.35% |
JSE Gold | 2443.43 | +11.84 |
USD | 83.89 | -0.19 |
Euro | 126.50 | +0.25 |
Yen | 114.03 | -0.18 |
Oil | $74.07 | +$2.09 |
10-Year | 2.980% | +0.048 |
T-Bond | 127.3125 | -06875 |
Dow | 10018.28 | +2.82% |
Nasdaq | 2159.46 | +3.13% |
S&P | 1060.27 | +3.13% |
The Metals:
Gold fell over $10 in London to as low as $1184.90 by about 8:30AM EST, but it then rallied back higher throughout trade in New York and ended near its early afternoon high of $1198.64 with a gain of 0.22%. Silver fell to as low as $17.533 in London before it also climbed back higher in New York and ended near its late session high of $18.053 with a gain of 0.84%. Both metals have continued higher in after hours access trade as well.
Euro gold rose to almost €949, platinum gained $8.67 to $1517.00, and copper gained over 4 cents to about $3.01.
Gold and silver equities saw slight losses in the first hour of trade, but they then rallied back higher for most of the rest of trade and ended with over 2% gains.
TEXT-China spells out gold reserve policy Reuters
The Economy:
There were no major economic reports today. Tomorrow at 8:30AM EST brings Initial Jobless Claims for 7/03 expected at 460,000 and at 3PM is Consumer Credit for May expected at -$3.0 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil topped $74 a barrel ahead of tomorrow’s expected drop in inventories.
The U.S. dollar index and treasuries fell as the Dow, Nasdaq, and S&P rose almost 3% on a better than expected profit forecast from State Street that increased confidence in the financial sector and pulled the broader markets higher.
Among the big names making news in the market today were Microsoft, Borders Group, Toyota, BP, State Street, Allstate, and Hexagon and Intergraph.
GATA Posts:
Mystery around BIS gold swaps impugns them as market rigging
Jeff Nielson: The seven sins of GLD
European banks use gold reserves to raise cash
With BIS gold swap, central banks throw the kitchen sink at gold
The Statistics:
Activity from: 7/06/2010
Gold Warehouse Stocks: | 10,894,973 | +3,890 |
Silver Warehouse Stocks: | 113,900,040 | +290,228 |
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 | 1316.481 | 42,326,184 | US$50,482m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 123.70 | 3,977,174 | US$4,746m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,884 | US$547m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.39 | 1,587,822 | US$1,918m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,973 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.434 to a new record high holding.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 87.07: +0.91 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9151.78 - No change from yesterday’s data.
The Miners:
Capital Gold’s (CGC) amended credit agreement, Richmont’s (RIC) completed dewatering, New Gold’s (NGD) update on the hearings related to the nullification of the Environmental Impact Statement ("EIS") at the company's Cerro San Pedro Mine, Agnico-Eagle’s (AEM) completed acquisition of Comaplex, and Endeavour’s (EXK) mine production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Taseko | TGB+10.29% $3.75 |
2. Endeavour | EXK +8.74% $3.36 |
3. Exeter | XRA +6.49% $6.40 |
LOSERS
1. New Gold | NGD -11.55% $5.13 |
2. Entree | EGI -1.06% $1.87 |
3. Mines MGMT | MGN -0.56% $1.77 |
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:
Closing of the Agreement Between Norvista and Vior - More
- July 07, 2010 | Item | ShareThis
Apella Resources Inc.: Drilling Extends Depth of Vanadium-Iron-Titanium Mineralization at Iron-T by 143 Metres - More
- July 07, 2010 | Item | ShareThis
Prominex Resource Corp.: Butch Collins-(1943-2010) - More
- July 07, 2010 | Item | ShareThis
Coral Drills 5 ft of 0.4891 oz/t Gold at Robertson Property, Crescent Valley, Nevada - More
- July 07, 2010 | Item | ShareThis
AM Gold Inc. Announces 4,000,000 Flow-Through Unit Private Placement - More
- July 07, 2010 | Item | ShareThis
Trelawney Commences Underground Rehabilitation at Chester 1 Mine - More
- July 07, 2010 | Item | ShareThis
Evolving Gold Announces a Private Placement by Goldcorp Inc. to Purchase 19,047,721 Shares at $0.82 Per Share - More
- July 07, 2010 | Item | ShareThis
Riverstone Drilling Extends Gold Mineralization at Goulagou Deposits on its Karma Project - More
- July 07, 2010 | Item | ShareThis
Premium Exploration Announces New Director & VP Exploration - More
- July 07, 2010 | Item | ShareThis
Excalibur Resources Announces $500,000 Flow-Through Private Placement - More
- July 07, 2010 | Item | ShareThis
NQ Exploration Options Off Its Duncan West Property to Murray Brooks Minerals - More
- July 07, 2010 | Item | ShareThis
Cristol Enterprises, LLC Enters Into Agreement With Remington Financial for $14 Million to Support Mineral Discovery and Development Projects - More
- July 07, 2010 | Item | ShareThis
Strait Gold's Sampling Confirms Grade, Expands Target Area at Alicia - More
- July 07, 2010 | Item | ShareThis
Canadian International Minerals Inc. - Exploration Update - 2010 - More
- July 07, 2010 | Item | ShareThis
First Quantum Minerals Provides Assistance to RDC Following Fuel Tanker Explosion - More
- July 07, 2010 | Item | ShareThis
VHGI Holdings Set to Open Its Hong Kong Office - More
- July 07, 2010 | Item | ShareThis
Virginia Upgrades its Exploration Budget to $13 M for Year 2010 - More
- July 07, 2010 | Item | ShareThis
Serengeti Completes Geochemical Sampling Program on QUEST Joint Venture Properties - More
- July 07, 2010 | Item | ShareThis
Energy Fuels Announces Non-Brokered Private Placement With Dundee Resources Limited - More
- July 07, 2010 | Item | ShareThis
Inspiration Mobilizes Drill To Langmuir One Extension per Micon's Report - More
- July 07, 2010 | Item | ShareThis
DNI acquires additional ground to expand its asphalt polymetallic zone, Athabasca region, Alberta - More
- July 07, 2010 | Item | ShareThis
Bison Gold Resources Inc. Central Manitoba Property Update: High Grade Gold Intersections From Diamond Drilling on Ogama-Rockland Trend - More
- July 07, 2010 | Item | ShareThis
American Manganese Continues to Hit Thick Intersections of Manganese Mineralization - More
- July 07, 2010 | Item | ShareThis
Trueclaim Exploration Inc.: TRM Expands Scadding Gold Claims - More
- July 07, 2010 | Item | ShareThis
Coronado Resources Ltd. intercepts 70 feet of .779 oz/t gold from underground expansion drilling at the Madison property in Montana, USA - More
- July 07, 2010 | Item | ShareThis
Forsys Corporate and Morgan Stanley Strategic Review Update - More
- July 07, 2010 | Item | ShareThis
Tuffnell Ltd. Announces Drilling at Its Advanced Gold Project in Arizona - More
- July 07, 2010 | Item | ShareThis
Azimut and Aurizon begin $1.5-million exploration program at the Rex South Property (Gold-Copper-REE) in Nunavik, Quebec - More
- July 07, 2010 | Item | ShareThis
Prophecy Detects Strong IP Anomaly at its Disco Nickel-Copper-Cobalt Deposit, in Lynn Lake, Manitoba - More
- July 07, 2010 | Item | ShareThis
Ventana Comments on Share Price - More
- July 07, 2010 | Item | ShareThis
Silver Dragon Reports on Further Exploration Progress at Its Award-Winning Dadi Silver Polymetallic Project in Northern China, Targets Mine Development in 2011 - More
- July 07, 2010 | Item | ShareThis
Wolverine Exploration Announces Extension of the Main Cu Zone and Identification of Trenching and Drilling Locations - More
- July 07, 2010 | Item | ShareThis
Decade Resources Announces Additional Assay Results From the Wedeene Copper Gold Porphyry Property at Kitimat, British Columbia - More
- July 07, 2010 | Item | ShareThis
Queenston Reports 2.1 g/t Au Over 20.0 Metres From Boundary Zone on the Vault-Lebel Property - More
- July 07, 2010 | Item | ShareThis
Luiri Gold Releases Gold Resource Update in Zambia - More
- July 07, 2010 | Item | ShareThis
Concerned Shareholders of EurOmax Resources Ltd.: Dissident Proxy Circular Filed for EurOmax Resources Ltd. Annual General Meeting - More
- July 07, 2010 | Item | ShareThis
Crosshair Reports Initial Vanadium Recoveries of 93% at CMB Property - More
- July 07, 2010 | Item | ShareThis
Gitennes acquires Quebec Property, provides update on Peru Operations - More
- July 07, 2010 | Item | ShareThis
Western Pacific Acquires Rock Springs Property - More
- July 07, 2010 | Item | ShareThis
Southern Arc Negotiates US$1 Million Loan From Director - More
- July 07, 2010 | Item | ShareThis
Indigo Exploration Arranges Non-Brokered Private Placement - More
- July 07, 2010 | Item | ShareThis
Indigo Exploration Welcomes Dr. Demetrius Pohl to Its Advisory Board - More
- July 07, 2010 | Item | ShareThis
Indigo Exploration Announces Release From Escrow of Financing Funds and Conversion of Subscription Receipts - More
- July 07, 2010 | Item | ShareThis
East Asia Minerals Expands Miwah Main Zone With Partial Assays of 1.68 g/t Gold Over 230.5 Metres; Remaining Contiguous Assay Interval Expected Soon - More
- July 07, 2010 | Item | ShareThis
New Dimension Completes Strategic Review of Reese River Property, Nevada - More
- July 07, 2010 | Item | ShareThis
Drilling Expands Kiska's Gold-Copper Discovery at Island Mountain - More
- July 07, 2010 | Item | ShareThis
Romios Announces Extension of Warrants - More
- July 07, 2010 | Item | ShareThis
Vantex Intersects 24.25 Meters at 1.05 g/t Au on Galloway - More
- July 07, 2010 | Item | ShareThis
Rockcliff Completes NI 43-101 Report for Gold Dust Property - More
- July 07, 2010 | Item | ShareThis
Riverside Resources Inc.: New Gold-Silver Vein System Identified Through Kinross Exploration Alliance Durango, Mexico - More
- July 07, 2010 | Item | ShareThis
Cerro Jumil: Esperanza Completes Drill Campaign - More
- July 07, 2010 | Item | ShareThis
Temex and Goldcorp to drill Whitney Township Property Timmins Gold Camp - More
- July 07, 2010 | Item | ShareThis
Velocity Minerals Ltd. Announces Commencement of Drilling on Cassiar Moly Property - More
- July 07, 2010 | Item | ShareThis
Avion Gold Produces 22,210 Ounces in Second Quarter of 2010, a 42% Increase Over First Quarter Production - More
- July 07, 2010 | Item | ShareThis
Fjordland Provides Update on Sampling Programs on Six Copper-Gold-Molybdenum Prospects in North-Central BC - More
- July 07, 2010 | Item | ShareThis
White Mountain Readies for Drilling Program and Reports on Rutile Concentrate Test Sampling Program - More
- July 07, 2010 | Item | ShareThis
Big Bear Mining Corp. Announces Letter of Intent to Acquire Ten Properties in Rattlesnake Hills Wyoming and Names New VP of Exploration - More
- July 07, 2010 | Item | ShareThis
Gold Hawk Sells Peru Interests for US$4.4 Million: Gold Hawk Has $1.48 Per Share of Working Capital - More
- July 07, 2010 | Item | ShareThis
Carpathian Updates Brazil and Romanian Project Advancements - More
- July 07, 2010 | Item | ShareThis
Weststar Acquires Rainy River Gold Claims - More
- July 07, 2010 | Item | ShareThis
RockBridge Resources Inc.: Major Expansion of Cross Hills Property - More
- July 07, 2010 | Item | ShareThis
Li3 Energy Surface Sampling Identifies Brine Resource Potential on Its Pocitos and Rincon Salar Properties, Salta, Argentina - More
- July 07, 2010 | Item | ShareThis
Orosur Mining Inc. and Gladiator Resources Limited extend date on Definitive Agreement - More
- July 07, 2010 | Item | ShareThis
Endeavour Silver Sets New Record for Quarterly Mine Production; Produces 826,439 oz Silver (Up 41%) and 4,461 oz Gold (Up 61%) in Q2, 2010 - "Endeavour Silver Corp. (TSX:EDR - News)(AMEX:EXK - News)(DBFrankfurt: EJD) announced today that it set a new record for quarterly silver and gold production in Q2, 2010 from the Company's two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State." More
- July 07, 2010 | Item | ShareThis
Capital Gold Corporation and Standard Bank Agree to Amend Credit Agreement - "Capital Gold Corporation (NYSE AMEX: CGC; TSX: CGC) announced that yesterday it closed a First Amended and Restated Credit Agreement with Standard Bank Plc., which will increase the Company's previous line of credit." More
- July 07, 2010 | Item | ShareThis
Richmont Mines Inc./Francoeur Mine: Dewatering Phase Completed, Development Work Set to Begin - "Richmont Mines Inc. ("Richmont" or the "Company") (TSX:RIC - News)(AMEX:RIC - News) is pleased to announce that all 17 levels of the Francoeur Mine have been dewatered and that underground development work is scheduled to begin next week." More
- July 07, 2010 | Item | ShareThis
New Gold Provides Update on Cerro San Pedro Hearings - "New Gold Inc. ("New Gold") (TSX and NYSE AMEX:NGD) today provides an update on the hearings related to the nullification of the Environmental Impact Statement ("EIS") at the company's Cerro San Pedro Mine, located in San Luis Potosi, Mexico." More
- July 07, 2010 | Item | ShareThis
Agnico-Eagle completes acquisition of Comaplex - "Agnico-Eagle Mines Limited ("Agnico-Eagle") and Meliadine Holdings Inc. (formerly Comaplex Minerals Corp.) ("Meliadine") jointly announce the completion of the acquisition of Meliadine by Agnico-Eagle. Agnico-Eagle acquired all of the shares of Meliadine (the " Meliadine Shares") that it did not already own pursuant to a plan of arrangement under the Business Corporations Act (Alberta). The transaction was overwhelmingly approved by 99.74% of the Meliadine shareholders who voted today in respect of the arrangement, which was subsequently approved by the Court of Queen's Bench of Alberta." More
- July 07, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Wednesday, 7 July 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Rise With Stocks and Oil
