-- Posted Friday, 30 July 2010 | Digg This Article
| | Source: GoldSeek.com
Please Note: Canadian markets will be closed on Monday for a Civic Holiday. US Markets will remain open.
| Close | Gain/Loss | On Week |
Gold | $1181.50 | +$12.55 | -0.58% |
Silver | $17.94 | +$0.33 | -0.88% |
XAU | 169.72 | +1.30% | -0.88% |
HUI | 442.67 | +1.58% | -2.03% |
GDM | 1333.03 | +1.58% | -1.84% |
JSE Gold | 2337.93 | +31.51 | -0.47% |
USD | 81.61 | -0.02 | -1.05% |
Euro | 130.38 | -0.41 | +0.95% |
Yen | 115.76 | +0.52 | +1.10% |
Oil | $78.95 | +$0.59 | -0.04% |
10-Year | 2.907% | -0.092 | -2.901% |
Bond | 128.71875 | +1.84375 | +1.23% |
Dow | 10465.94 | -0.01% | +0.40% |
Nasdaq | 2254.70 | +0.13% | -0.65% |
S&P | 1101.60 | +0.01% | -0.10% |
The Metals:
Gold rose as much as $7.10 to $1176.05 immediately following this morning’s GDP report before it fell to see a $1.80 loss at $1167.15 in the next hour of trade, but it then stormed back higher for most of the rest of the day and ended near its late session high of $1183.22 with a gain of 1.07%.
Silver erased slight losses seen in Asia and London and rose to as high as $17.966 in early New York trade before it fell back to $17.727 by a little before 10AM EST, but it then rose to a new session high of $18.099 by early afternoon and ended with a gain of 1.87%.
Euro gold rose to almost €906, platinum gained $5.50 to $1566, and copper gained another couple of cents to about $3.31.
Gold and silver equities rose over 1% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q2 | 2.4% | 2.5% | 3.7% |
Chain Deflator | Q2 | 1.8% | 1.1% | 1.0% |
Employment Cost Index | Q2 | 0.5% | 0.5% | 0.6% |
Chicago PMI | July | 62.3 | 56.3 | 59.1 |
Michigan Sentiment | July | 67.8 | 67.5 | 66.5 |
Recession in U.S. Was Even Worse Than Estimated, Revisions Show Bloomberg
Fed officials clash on need for more stimulus Reuters
All of this week’s other economic reports:
Next week’s economic highlights include Construction Spending and the ISM Index on Monday, Personal Income and Spending, Core PCE Prices, and Factory Orders on Tuesday, ADP Employment and ISM Services on Wednesday, Initial Jobless Claims on Thursday, and July’s jobs data and Consumer Credit on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil erased early losses and ended higher after the U.S. dollar index erased early gains and ended lower as the yen rose on the view that it is a better safe haven currency.
Treasuries rose on the worse than expected GDP report that increased worries over economic growth.
The Dow, Nasdaq, and S&P fell markedly at the open on economic worries, but they soon climbed back to about unchanged and mixed on hopes that the worst may be behind us.
Among the big names making news in the market Friday were Chevron, Merck, Disney, and Alcatel-Lucent.
GATA Posts:
John Embry: Gold nears parabolic move up
The Statistics:
Activity from: 7/29/2010
Gold Warehouse Stocks: | 11,055,777 | -29,366 |
Silver Warehouse Stocks: | 110,095,880 | -455,524 |
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 | 1282.279 | 41,226,552 | US$47,907m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 122.60 | 3,941,647 | US$4,634m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,767 | US$537m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.13 | 1,579,586 | US$1,836m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,972 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: The LSE added 0.24 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 90.88 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9185.29 - No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) recent discovery in Mali, Brigus Gold’s (BRD) completed private placement, and Centerra’s (CG.TO) second quarter results and were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Jaguar | JAG +5.46% $8.11 |
2. US Gold | UXG +4.65% $4.95 |
3. Gold Fields | GFI +3.68% $13.53 |
LOSERS
1. Solitario | XPL -4.50% $1.91 |
2. Banro | BAA -2.23% $1.75 |
3. Mines MGMT | MGN-1.90% $1.55 |
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:
Sulliden Restates Financial Statements to Reflect Tax Treatment for Property Acquisition Costs - More
- July 30, 2010 | Item | ShareThis
Crowflight Announces June Production Results - More
- July 30, 2010 | Item | ShareThis
First Nickel Announces Ratification of Agreement With its Production and Maintenance Employees Union - More
- July 30, 2010 | Item | ShareThis
Pan Global Resources Inc. Announces Letter of Intent for Acquisition of Balkans Exploration Licenses - More
- July 30, 2010 | Item | ShareThis
NQ Exploration Closes a $46,000 Private Placement - More
- July 30, 2010 | Item | ShareThis
Gounkoto discovery confirms gold upside in Mali - "Randgold Resources' recent discovery of aworld-class gold deposit at Gounkoto in western Mali confirms theregion's potential for further finds of this size, chief executive MarkBristow told a media briefing here today." More
- July 30, 2010 | Item | ShareThis
Colombian Mines Expands Yarumalito Drill Program to Follow-up Encouraging Results - More
- July 30, 2010 | Item | ShareThis
General Moly Announces Second Quarter Results - More
- July 30, 2010 | Item | ShareThis
RX Exploration Inc. Receives TSX-V Listing Approval - More
- July 30, 2010 | Item | ShareThis
Gold Bullion Extends Long Bars Zone to the East - Two Early Phase 2 Holes Within Block Model Return 123 Metres of 1.07 G/T Au and 75 Metres of 1.50 G/T Au - More
- July 30, 2010 | Item | ShareThis
Asian Mineral Resources Ltd Announces 50% Increase to Ban Phuc Nickel Reserves - More
- July 30, 2010 | Item | ShareThis
Richfield Exercises 75% Option on the Davidson Property - More
- July 30, 2010 | Item | ShareThis
Melkior Discovers More Gold Mineralized Zones in West Timmins - More
- July 30, 2010 | Item | ShareThis
Bannerman Releases Quarterly Activities Report for the Period Ended 30 June 2010 - More
- July 30, 2010 | Item | ShareThis
Tiger Resources Issues June 2010 Quarterly Report - More
- July 30, 2010 | Item | ShareThis
Mantra Resources: quarterly report to the Australian Securities Exchange for the period ending 30 June 2010 - More
- July 30, 2010 | Item | ShareThis
Black Hawk Completes 7 Hole 80 Sample Dun Glen Gold Drill Program - More
- July 30, 2010 | Item | ShareThis
Brigus Gold Completes C$14,000,000 Private Placement Financing of Flow-Through Shares - "Brigus Gold Corp. (“Brigus Gold” or the “Company”) (TSX: BRD - News) (NYSE Amex: BRD) is pleased to announce that it has closed its previously announced private placement offering of 10,000,000 common shares of the Company designated as flow-through shares for purposes of the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of C$1.40 per Flow-Through Share for total gross proceeds to the Company of C$14 million (the “Offering”). This Offering included the exercise of the additional C$2 million option and was completed on a guaranteed agency private placement basis by Haywood Securities Inc. as lead underwriter, with a syndicate which included Cormark Securities Inc., and Brant Securities Limited." More
- July 30, 2010 | Item | ShareThis
Centerra Gold Reports Second Quarter Results, Net Earnings of $30 Million or 13 Cents Per Share and Declares Inaugural Annual Dividend - "Centerra Gold Inc. (TSX:CG - News) today reported net earnings of $29.8 million or $0.13 per common share on revenues of $152.2 million compared to a net loss of $79.6 million or $0.36 per common share based on revenues of $104.3 million in the same quarter last year. In the second quarter of 2009 the Company's, loss before unusual items totaling $49.3 million, was $30.3 million or $0.14 per common share." More
- July 30, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Friday, 30 July 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% on the Day but Fall Almost 1% on the Week
