-- Posted Thursday, 15 July 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1207.90 | +$1.20 |
Silver | $18.30 | +$0.02 |
XAU | 173.06 | -0.42% |
HUI | 459.04 | -0.33% |
GDM | 1383.43 | -0.27% |
JSE Gold | 2460.21 | -4.52 |
USD | 82.40 | -0.99 |
Euro | 129.27 | +1.87 |
Yen | 114.44 | +1.41 |
Oil | $76.62 | -$0.42 |
10-Year | 2.978% | -0.072 |
T-Bond | 127.65625 | +1.0625 |
Dow | 10359.31 | -0.07% |
Nasdaq | 2249.08 | -0.03% |
S&P | 1096.48 | +0.12% |
The Metals:
Gold saw decent gains in Asia and London and rose to as high as $1216.90 by about 9AM EST before it dropped all the way to $1203.70 a little after 10AM EST, but it then chopped its way back higher into the close and ended with a gain of 0.1%. Silver rose to $18.507 and fell to $18.157 before it also climbed back higher in the last few hours of trade and ended with a gain of 0.11%.
Euro gold fell to about €936, platinum gained $7.50 to $1522.50, and copper remained at about $3.00.
Gold and silver equities fell over 1% in the first hour of trade before they rallied back higher in late trade, but they still ended with slight losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 7/10 | 429K | 450K | 458K |
PPI | June | -0.5% | -0.1% | -0.3% |
Core PPI | June | 0.1% | 0.1% | 0.2% |
Empire Manufacturing Index | July | 5.08 | 18.0 | 19.57 |
Industrial Production | June | 0.1% | 0.0% | 1.3% |
Capacity Utilization | June | 74.1% | 74.2% | 74.1% |
Philadelphia Fed | July | 5.1 | 10.1 | 8.0 |
Mortgage rates remain at lowest level in decades Yahoo
CFTC Wants Bigger Budget, Is Prepared to Rewrite Swaps Rules, Gensler Says Bloomberg
Tomorrow at 8:30AM EST brings CPI for June expected at -0.1% and Core CPI expected at 0.1%. At 9AM is the Net Long-Term TIC Flows report for April and at 9:55 is Michigan Sentiment for July expected at 74.5.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil and the U.S. dollar index fell on poor economic data that sent treasuries higher and the Dow, Nasdaq, and S&P noticeably lower for most of the day, but all three indices rallied back to about unchanged in the last hour of trade on news that BP has halted the flow of oil into the Gulf of Mexico. Reports of a potential settlement between the SEC and Goldman Sachs also seemed to ease some worries. The SEC is set to make an official announcement later this afternoon.
Among the big names making news in the market today were Marriott, KKR, BP, Berkshire Hathaway, and JPMorgan.
GATA Posts:
How the CFTC got power in financial regulation bill
Will Sprott's new silver fund become MorganChase's biggest nightmare?
Reg Howe: BIS swaps seem meant to stretch out paper gold
Sprott plans physical silver trust
Peter Grandich has a $50,000 bet for two gold perma-bears
Getting gold for China is world's top financial problem, Rickards tells KWN
The Statistics:
Activity from: 7/13/2010
Gold Warehouse Stocks: | 11,041,358 | +64,027 |
Silver Warehouse Stocks: | 111,815,409 | -471,597 |
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 | 1314.819 | 42,272,746 | US$51,054m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 123.74 | 3,978,491 | US$4,818m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,843 | US$552m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.38 | 1,587,683 | US$1,931m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,973 | US$6m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 89.20 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9185.29 - No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) support of Thompson Creek’s (TC) acquisition of Terrane Metals, Royal Gold’s (RGLD) agreement to acquire 25% of the payable gold produced from the Mt. Milligan copper-gold project in British Columbia from Thompson Creek (TC), Gammon Gold’s (GRS) increasing production, MAG Silver’s (MVG) prefeasibility study, and Silver Quest’s (SQI.V) drilling update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gammon Gold | GRS +7.91% $5.73 |
2. Mines MGMT | MGN +7.39% $1.89 |
3. MAG Silver | MVG +3.45% $6.30 |
LOSERS
1. Entree | EGI -3.39% $2.28 |
2. Taseko | TGB -2.58% $4.15 |
3. Allied Nevada | ANV -2.53% $18.49 |
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:
Uranium North's Mallery Lake Gold Exploration Program Underway - More
- July 15, 2010 | Item | ShareThis
Ventana Provides Update on Transfer of Mineral Title for La Bodega and La Baja Properties - More
- July 15, 2010 | Item | ShareThis
Sulliden Granted Concession-Wide Exploration Permit - More
- July 15, 2010 | Item | ShareThis
Portage Assigns Option of Golden Mile Property - More
- July 15, 2010 | Item | ShareThis
Volta Resources announces filing of final Short Form Prospectus and the Kiaka NI 43-101 Report - More
- July 15, 2010 | Item | ShareThis
VHGI Holdings, Inc. Signs Letter of Intent to Purchase Gold Creek Placer Mine in Granite County, Montana - More
- July 15, 2010 | Item | ShareThis
Ecometals Announces Assay Results Hole RZDDH10-03A and Drilling Update, Rio Zarza Gold Project, Ecuador - More
- July 15, 2010 | Item | ShareThis
Laurion Completes Transaction with Globex Mining Enterprises Inc. - More
- July 15, 2010 | Item | ShareThis
Redzone Resources Ltd. Appoints Chief Financial Officer - More
- July 15, 2010 | Item | ShareThis
Blue Note Mining and First Gold Exploration announce positive prefeasibility study for the Croinor gold project - More
- July 15, 2010 | Item | ShareThis
Dia Bras Accelerates Advanced Development at CUSI - More
- July 15, 2010 | Item | ShareThis
Merrex Gold: Siribaya-Drilling Hits Zone 1B Two Kilometres South - More
- July 15, 2010 | Item | ShareThis
Vulcan Minerals Inc.: Bay St. George and Parsons Pond Update - More
- July 15, 2010 | Item | ShareThis
Thompson Creek Metals Company Inc. enters into agreement to acquire Terrane Metals Corp. - More
- July 15, 2010 | Item | ShareThis
Cartier Resources Inc.: Diego Demonstrates Gold Potential - More
- July 15, 2010 | Item | ShareThis
Appleton Intersects 61 Metres of 1.45 g/t Au at Manalo - More
- July 15, 2010 | Item | ShareThis
Oromin Receives Positive Feasibility Study for Its OJVG Gold Project in Senegal - More
- July 15, 2010 | Item | ShareThis
Copper Fox updates activities at Schaft Creek - More
- July 15, 2010 | Item | ShareThis
Asia Now Welcomes New Director - More
- July 15, 2010 | Item | ShareThis
Caribou Copper Resources Ltd. Announces a Non-Brokered Private Placement - More
- July 15, 2010 | Item | ShareThis
Hana Mining Announces New Board Member - More
- July 15, 2010 | Item | ShareThis
Forum Uranium Corp.: Rare Earth and Uranium Exploration Commences on North Thelon Project, Nunavut - More
- July 15, 2010 | Item | ShareThis
Xtra-Gold Announces the Completion of a National Instrument 43-101 Technical Report on its Kibi Project in Eastern Ghana, West Africa - More
- July 15, 2010 | Item | ShareThis
Lateegra Completes Drilling, Arranges Financing - More
- July 15, 2010 | Item | ShareThis
Crosshair Exploration & Mining Corp.: Commences Phase II Vanadium Resource Expansion Program-Commences Preparations for End of Labrador Uranium Moratorium - More
- July 15, 2010 | Item | ShareThis
Denison Announces Discovery of Two New Mineralized Zones at the Phoenix Trend at Wheeler River - More
- July 15, 2010 | Item | ShareThis
Moly Mines Reports Quarter Highlights - More
- July 15, 2010 | Item | ShareThis
Romios Announces Final Closing of Flow-Through Offering and Working Capital Offering - More
- July 15, 2010 | Item | ShareThis
USCorp Gold and Silver Junior Exploration Mining Company Update - More
- July 15, 2010 | Item | ShareThis
Canadian Shield Commences Gold Exploration at Trol Project, Chile - More
- July 15, 2010 | Item | ShareThis
Drilling Commences at Ucore's Bokan-Dotson Ridge Heavy Rare Earth Project - More
- July 15, 2010 | Item | ShareThis
Titan Uranium Completes Successful Drill Program at Sheep Mountain Project, Wyoming - More
- July 15, 2010 | Item | ShareThis
Liberty's Nickel Concentrator Operating at Full Permitted Capacity - More
- July 15, 2010 | Item | ShareThis
East Asia Minerals Continues to Drill Gold at Miwah; Encounters 3.07 g/t Gold Over 29 Metres Within 71.3 Metres Grading 1.95 g/t Gold - More
- July 15, 2010 | Item | ShareThis
Osisko Reports 0.82 g/t Au Over 197 Metres at Western Porphyry Zone - More
- July 15, 2010 | Item | ShareThis
Alexis Opens its Own Gold Mill to Reduce Costs - More
- July 15, 2010 | Item | ShareThis
Capstone Reports New High Grade Copper-Gold Discovery at Minto Mine - More
- July 15, 2010 | Item | ShareThis
Bellhaven Receives Channel Samples From Two Exposures Containing 1.1 and 0.9 g/t Gold Over 22 and 14 m, Respectively, at the La Cantera Prospect - More
- July 15, 2010 | Item | ShareThis
Treasury Metals: Correction to July 13 News Release - More
- July 15, 2010 | Item | ShareThis
Greystar Resources Announces Updated Metallurgical Recovery Model for the Angostura Gold-Silver Deposit, Colombia - More
- July 15, 2010 | Item | ShareThis
Greystar Resources Announces Updated Resource for the Angostura Gold-Silver Deposit, Colombia - More
- July 15, 2010 | Item | ShareThis
Goldcorp Supports Thompson Creek Acquisition of Terrane Metals - "Goldcorp controls 58% of the outstanding shares of Terrane through its ownership of 240 million preferred shares and 27.3 million common shares. In conjunction with the Thompson Creek acquisition of Terrane, Goldcorp has agreed to vote its securities in support of the Thompson Creek acquisition. Upon completion of the transaction, Goldcorp will receive proceeds of C$240.5 million in cash and 13.9 million Thompson Creek common shares representing approximately 8% of the outstanding shares." More
- July 15, 2010 | Item | ShareThis
Royal Gold Agrees to Acquire 25% Gold Stream on the Mt. Milligan Project - "Royal Gold, Inc. (NASDAQ:RGLD - News) (TSX:RGL - News) today announced it has agreed to acquire 25% of the payable gold produced from the Mt. Milligan copper-gold project in British Columbia from Thompson Creek Metals Company or its affiliate (“Thompson Creek”) (NYSE:TC - News) (TSX:TCM - News) concurrent with the closing of Thompson Creek’s proposed acquisition of Terrane Metals Corp. (“Terrane”)." More
- July 15, 2010 | Item | ShareThis
MAG Silver Announces Commencement of Prefeasibility Study on Juanicipio Property - "MAG Silver Corp. (TSX:MAG - News)(AMEX:MVG - News) ("MAG" or the "Company") confirms an earlier report by Fresnillo plc dated July 14, 2010, that Minera Juanicipio S.A. DE C.V., a 56/44% joint venture between Fresnillo plc and MAG, has appointed AMC Mining Consultants (Canada) Ltd. to undertake a prefeasibility study for the development of a standalone underground silver mine on the Juanicipio Property. The prefeasibility study has been approved as one of the studies necessary to explore the manner in which the Juanicipio Property should be developed and is expected to be completed by the end of calendar 2010. The Juanicipio joint venture had previously appointed SRK Consulting to conduct an audit of Juanicipio's total resources, which confirmed the indicated and inferred resources estimated by Fresnillo plc." More
- July 15, 2010 | Item | ShareThis
Silver Quest Provides Drilling Update on Capoose Project, BC - "Silver Quest commenced the 2010 diamond drill program at Capoose in June (see news release dated June 15, 2010) to further define and expand the area of the known resource. The Capoose deposit hosts a NI 43-101 inferred resource of 699,999 ounces of gold and 41.1 million ounces of silver (see news release dated March 4, 2010). To date, the Company has completed approximately two-thirds of the planned 10,000 m drill program, twenty-two drill holes totaling approximately 6,600 m." More
- July 15, 2010 | Item | ShareThis
Gammon Reports Increasing Production at Ocampo in the Second Quarter 2010 - Ocampo Nearing or Exceeding Designed Key Performance Targets - "Gammon Gold Inc. ("Gammon") (TSX:GAM.to - News): Gammon is pleased to provide preliminary second quarter results for its Ocampo mine as well as on a consolidated basis. All figures reported are in U.S. dollars unless otherwise indicated." More
- July 15, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Thursday, 15 July 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Higher
