-- Posted Monday, 26 July 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1184.90 | -$3.50 |
Silver | $18.18 | +$0.08 |
XAU | 171.82 | -0.92% |
HUI | 447.36 | -0.99% |
GDM | 1344.93 | -0.97% |
JSE Gold | 2328.40 | -20.50 |
USD | 82.04 | -0.44 |
Euro | 129.94 | +0.91 |
Yen | 115.15 | +0.92 |
Oil | $78.98 | UNCH |
10-Year | 2.994% | UNCH |
T-Bond | 127.21875 | +0.0625 |
Dow | 10525.43 | +0.97% |
Nasdaq | 2296.43 | +1.19% |
S&P | 1115.01 | +1.12% |
The Metals:
Gold rose $6.10 to as high as $1194.50 in Asia before it fell back off in London and New York to as low as $1179.80 by around 11AM EST and then climbed back higher in the last couple of hours of trade, but it still ended with a loss of 0.29%. Silver dropped to as low as $17.98 in London before it spiked up to $18.24 in early new York trade and end then dropped back to see a slight loss by late morning, but it then rallied back higher in late trade and ended with a gain of 0.44%.
Euro gold fell to about €911, platinum gained $9.50 to $1547.50, and copper gained 4 cents to about $3.22.
Gold and silver equities fell almost 1% by midmorning before they rallied back near unchanged by noon EST, but they then fell back off in afternoon trade and ended near their earlier lows.
The Economy:
Report | For | Reading | Expected | Previous |
New Homes Sales | June | 330K | 310K | 267K |
Tomorrow at 9AM EST brings the Case-Shiller 20-city Index for May expected at 4.0% and at 10AM is Consumer Confidence for July expected at 51.0.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil reversed early losses and ended unchanged as the U.S. dollar index and treasuries fell on better than expected housing data that sent the Dow, Nasdaq, and S&P about 1% higher.
Among the big names making news in the market today were AIG, Ford, BP, and FedEx.
GATA Posts:
Ambrose Evans-Pritchard: Reflections on the death of paper money
India warned of stagflation risk as price of food soars
Adrian Douglas: The LBMA joins the gold squeeze cover-up
Longwave's Ian Gordon shows how gold's war with paper runs in long cycles
Gene Arensberg: Enormous and fast short-covering in gold
Metals now strongly bullish, Ted Butler tells King World News
CFTC's Chilton explains hope for freer, more transparent gold, silver markets
Mining Stock Talk interviews Peter Grandich on gold and silver
Addison Wiggin: The golden shell games of ETFs
The Statistics:
Activity from: 7/23/2010
Gold Warehouse Stocks: | 11,117,519 | +226 |
Silver Warehouse Stocks: | 110,350,318 | -15,731 |
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 | 1302.046 | 41,862,069 | US$49,527m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 123.24 | 3,962,379 | US$4,700m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,787 | US$541m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.74 | 1,599,254 | US$1,918m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,972 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: The LSE added 0.20 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 89.66 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9185.29 - No change from yesterday’s data.
The Miners:
SEMAFO’s (XMF.TO) drilling program, Timberline’s (TLR) addition to the Russell Microcap(R) Index, Seabridge’s (SA) drill results, Banro’s (BAA) gold plant arrival and construction update, and Silvercorp’s (SVM) damage to mining operations from rainfall were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +5.00% $1.47 |
2. Banro | BAA +2.20% $1.86 |
3. Gammon Gold | GRS +1.96% $5.71 |
LOSERS
1. NovaGold | NG -3.27% $6.21 |
2. Mines MGMT | MGN-3.11% $1.56 |
3. Exeter | XRA -2.90% $5.70 |
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:
Strathmore: Corporate Update - More
- July 26, 2010 | Item |
EurOmax files Information Circular and Urges Shareholders to Vote their BLUE Proxy - More
- July 26, 2010 | Item |
Soho Resources Corp. Revises Convertible Debenture Unit Private Placement - More
- July 26, 2010 | Item |
Magellan Enters Into Joint Venture Agreement With ECI Exploration and Mining Inc. - More
- July 26, 2010 | Item |
SLAM and Beatrix announce gold intervals - More
- July 26, 2010 | Item |
Rae-Wallace Mining Company Announces Two Related Investment Transactions to Explore Peruvian Gold-Silver Properties - More
- July 26, 2010 | Item |
Rhyolite Announces 0.83 g/t Gold Over 38.2 Metres and 17.8 g/t Gold Over 1.3 Metres at Paxson - More
- July 26, 2010 | Item |
Artha Resources Corporation: New and Significant Precious and Base Metals Discovery - More
- July 26, 2010 | Item |
Bravada Completes First Deep Test of Signal Project in Nevada - More
- July 26, 2010 | Item |
Compass Gold Exploration Activites Update - More
- July 26, 2010 | Item |
Chucara Exploration Update - More
- July 26, 2010 | Item |
Vantex Increases Flow Through Financing to a Maximum of $2,100,000 - More
- July 26, 2010 | Item |
Match Capital Announces New President and CEO and an Option to Acquire Up to a 50% Interest in 41 Mining Claims in Schefferville Area of Quebec - More
- July 26, 2010 | Item |
Drilling Commences on Deer Creek Gold Property - More
- July 26, 2010 | Item |
Mountain Boy Minerals Ltd.: Drilling Confirms High Grade Silver-Lead-Zinc Mineralization at BA, and Identifies New High-Grade Structures - More
- July 26, 2010 | Item |
Duncastle Completes Airborne Survey at Porphyry Creek - More
- July 26, 2010 | Item |
Sama Resources Discovers New Zone of 1.93% Nickel-Copper and 1.6 GPT PGE Over 9 Metres at the Samapleu Project in Cote d'Ivoire - More
- July 26, 2010 | Item |
Secova signs MoU for stake in Ukrainian gold deposit - More
- July 26, 2010 | Item |
New Global Enters into Definitive Agreement for El Tesoro Gold Mine - More
- July 26, 2010 | Item |
Canada Lithium chosen for world's first Lithium ETF - More
- July 26, 2010 | Item |
VHGI Holdings, Inc. Makes Next Steps Forward in Gold Operations - More
- July 26, 2010 | Item |
Helio: Latest Drill Results Confirm Main Zone Extension at Porcupine Target - SMP Gold Project, Tanzania - More
- July 26, 2010 | Item |
AQM Copper Expands Zafranal Main Zone 200m to the East Intercepting 172m of 0.66% Cu and 0.16 g/t Au - More
- July 26, 2010 | Item |
Secova to Acquire Advanced Stage Ukraine Gold Deposit - More
- July 26, 2010 | Item |
Coro Announces San Jorge Environmental Impact Study Public Hearing Date Set for October 20, 2010 - More
- July 26, 2010 | Item |
Fission Commences Summer Drill Program at J-Zone High Grade Uranium Discovery, Waterbury Lake, Athabasca Basin - More
- July 26, 2010 | Item |
Magma Metals Limited-Quarterly Report for the Period Ended 30 June 2010 - More
- July 26, 2010 | Item |
Uranium Resources Announces Second Quarter 2010 Financial Results Teleconference and Webcast - More
- July 26, 2010 | Item |
Mexivada Executes Option of ROC Congo Gold-Diamond Properties to EAR - More
- July 26, 2010 | Item |
Pan American Expands the Board Adding, Geological, Financial, and M&A Expertise - More
- July 26, 2010 | Item |
Tarsis Resources Ltd.: Drilling Planned for Prospector Mountain - More
- July 26, 2010 | Item |
Fire River Gold Corp. Closes Non-Brokered Financing for Proceeds of $5,500,000 - More
- July 26, 2010 | Item |
UMG Appoints Charles Pitcher, P.E. as Independent Director - More
- July 26, 2010 | Item |
First Quantum Minerals Provides Progress Report on Kevitsa Nickel-Copper-PGE Project, Finland - More
- July 26, 2010 | Item |
Rockland Stakes Additional Claims in the Schefferville Gold Area - More
- July 26, 2010 | Item |
Network Exploration closes private placement - More
- July 26, 2010 | Item |
Ironwood Gold Awards Contract to Commence Drilling at Cobalt Canyon Project - More
- July 26, 2010 | Item |
North Country Gold Announces New Gold Discovery at Antler (Including 4.51 g/t Au over 12.29 metres) - More
- July 26, 2010 | Item |
Amarc Geophysical Survey Identifies Significant New Bulk Tonnage Gold Target at the Newton Project - More
- July 26, 2010 | Item |
Richfield Reports Initial Drill Holes On 100% Owned Portion of Blackwater - Gold Project - British Columbia - More
- July 26, 2010 | Item |
Western Reports Excellent First Pass Sampling Results for Mineral Gulch Pits - More
- July 26, 2010 | Item |
Alto Group Holdings Announces Management Site Visit to Producing Gold Mine in the Pinos Region, Zacatecas, Mexico - More
- July 26, 2010 | Item |
Yankee Hat Appoints David Matousek as President and Opens Financing of Up to $3.5 Million - More
- July 26, 2010 | Item |
TerraX prospecting returns up to 39.6 g/t Au on Central Canada Property and 4.05 g/t Au at Sunbeam-Pettigrew Property, Atikokan, Ontario - More
- July 26, 2010 | Item |
Mineral Mountain Resources Ltd.: Nelson W. Baker Accepts Appointment As President and CEO - More
- July 26, 2010 | Item |
Carpathian Increases the Open-Pit Measured and Indicated Resource by 200% on the RDM Gold Project, Brazil - More
- July 26, 2010 | Item |
North American Tungsten Announces a Decision to Re-Start Production at the Cantung Mine - More
- July 26, 2010 | Item |
Vena's Partner Trafigura Investing US$2.5 Million to Advance Azulcocha Zinc Mine to Production - More
- July 26, 2010 | Item |
Black Hawk Exploration Announces Drill Program Start-up at Dun Glen Gold and Silver Property. - More
- July 26, 2010 | Item |
Mantra Resources Limited: Drilling continues to confirm continuity of mineralised zone at Nyota Prospect - More
- July 26, 2010 | Item |
Salazar Announces Mr. Tom Healy to Join Advisory Board - More
- July 26, 2010 | Item |
SEMAFO Auger Drilling Program Continues to Generate Priority Targets at Mana - "SEMAFO (TSX:SMF - News) today confirmed that the Company's auger geochemical drilling program continues to be very successful with new priority targets on the Y1 and BC1 blocks at its Mana Mine in Burkina Faso. Both the Y1 and BC1 blocks are along strike with the Wona deformation corridor, host to the Wona and Kona deposits. At BC1, four anomalous trends are recognized striking parallel to the Wona Zone, with three measuring 800 meters and one of 2.4 kilometers. At Y1, four trends are observed measuring up to three kilometers and coincide with a historical artisanal mining area from which grab samples returned up to 3.77 g/t Au. To further enhance exploration efficiency, induced polarisation ("IP") geophysical surveys have begun over three strategic areas." More
- July 26, 2010 | Item |
Timberline Resources Joins Russell Microcap Index - "Timberline Resources Corporation (NYSE Amex:TLR) (TSX-V:TBR - News) ("Timberline"), an emerging junior gold producer, announced today that it has been added to the Russell Microcap(R) Index, following the Russell Investment Group's annual reconstitution of its indexes. The Russell Microcap(R) Index is constructed to provide a comprehensive and unbiased barometer for the microcap and smallcap segments trading on national exchanges. Membership in the Russell Microcap(R) Index means automatic inclusion in the appropriate growth and value style indexes." More
- July 26, 2010 | Item |
Silvercorp Metals Inc.: Heavy Rain Fall Affects Operations at Ying Mining District in Henan, China - "Silvercorp Metals Inc. (TSX:SVM - News)(NYSE:SVM - News) ("Silvercorp" or the "Company") reports that in the afternoon of July 24, 2010, abnormally heavy rainfall occurred over the area covering the Ying Mining District, causing damage to the mining operations at the Ying mining camp. The amount of rainfall was recorded as 217 millimeters over a three-hour period by the government meteorology site near the Ying mine at Xiayu town." More
- July 26, 2010 | Item |
Seabridge Drilling Confirms Iron Cap as Major New Gold-Copper Deposit - "Results from the first eight holes drilled by Seabridge (TSX:SEA - News)(AMEX:SA - News) at the Iron Cap target have confirmed a new, large potentially bulk minable deposit at KSM which could substantially improve project economics. Results to date include wide intercepts of gold, copper and silver grades above the KSM average. Infill drilling will now proceed at Iron Cap with the aim of establishing new proven and probable reserves to be included in mine plans for the project." More
- July 26, 2010 | Item |
Banro announces the arrival of its refurbished gold plant at Twangiza and provides construction update - "Banro Corporation ("Banro" or the "Company") (NYSE AMEX - "BAA"; TSX - "BAA") is pleased to announce that the reconditioned gold processing plant, which the Company acquired in Australia for re-assembly at its wholly-owned Twangiza gold project in South Kivu Province of the Democratic Republic of the Congo (the "DRC"), has begun arriving at the Twangiza site. The entire plant, which is being transported by truck from Mombasa, Kenya in 140 - 40 foot containers, including the break bulk items, is scheduled to arrive on site over the next ten weeks." More
- July 26, 2010 | Item |
- Chris Mullen, Gold Seeker Report
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-- Posted Monday, 26 July 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
