-- Posted Thursday, 5 August 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1196.80 | +$3.15 |
Silver | $18.35 | +$0.09 |
XAU | 173.80 | -0.06% |
HUI | 455.21 | +0.04% |
GDM | 1369.74 | +0.22% |
JSE Gold | 2433.17 | -5.45 |
USD | 80.77 | -0.18 |
Euro | 131.87 | +0.27 |
Yen | 116.55 | +0.61 |
Oil | $82.01 | -$0.56 |
10-Year | 2.915% | -0.037 |
T-Bond | 128.375 | +0.46875 |
Dow | 10674.98 | -0.05% |
Nasdaq | 2293.06 | -0.46% |
S&P | 1125.81 | -0.13% |
The Metals:
Gold rose to see a $6.10 gain at $1199.75 by about 9AM EST before it fell to see a $3.75 loss at $1189.90 by late morning in New York, but it then rallied back higher in the last couple of hours of trade and ended with a gain of 0.26%. Silver climbed to $18.462 and dropped to $18.18 before it also rallied back higher and ended with a gain of 0.49%.
Euro gold remained at about €909, platinum lost $8.70 to %1567, and copper fell 5 cents to about $3.35.
Gold and silver equities traded mostly slightly lower and ended near unchanged.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 7/31 | 479K | 455K | 460K |
Mortgage rates hit record low Reuters
Tomorrow at 8:30AM EST brings July’s jobs data. Nonfarm Payrolls are expected at -87,000, the Unemployment Rate is expected at 9.6%, Hourly Earnings are expected at 0.1%, and the Average Workweek is expected at 34.1. At 3PM is Consumer credit for June expected at -$5.7 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index fell and treasuries rose slightly as traders positioned themselves ahead of tomorrow’s jobs report. The treasury announced that it will auction $74 billion in notes next week.
Oil fell modestly along with the Dow, Nasdaq, and S&P after Initial Jobless Claims came in higher than expected.
Among the big names making news in the market today were Cigna, Hartford Financial, Cablevision, DirecTV, Hyatt, Time Warner Cable, Fortress, Alliant Techsystems, and MF Global.
GATA Posts:
Peter Brimelow: Gold crawls back -- radical bugs vindicated?
Vast money creation will send gold flying, Embry tells MineWeb
Pierre Lassonde: Investment, central banks replace jewelry as gold price driver
The Statistics:
Activity from: 8/03/2010
Gold Warehouse Stocks: | 11,175,308 | +63,205 |
Silver Warehouse Stocks: | 108,965,618 | -828,363 |
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 | 1281.834 | 41,212,238 | US$49,140m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 121.38 | 3,902,466 | US$4,659m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,736 | US$547m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.13 | 1,579,499 | US$1,876m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,971 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.445 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 90.86 -0.02 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9181.48 -3.81 change from yesterday’s data
The Miners:
Seabridge’s (SA) drill results, Kinross Gold’s (KGC) governmental approval, Golden Minerals’ (AUMN) second quarter results, Gold Fields’ (GFI) new order mining right and quarterly results, Randgold’s (GOLD) second quarter results, South American Silver’s (SAC.TO) management team additions, and Endeavour’s (EXK) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. New Gold | NGD +7.39% $5.52 |
2. DRDGOLD | DROOY+5.10% $4.33 |
3. Aurizon | AZK +3.97% $5.24 |
LOSERS
1. Randgold | GOLD-3.91%$86.96 |
2. ITH | THM -3.55% $5.97 |
3. Taseko | TGB -3.00% $4.21 |
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:
Evolving Gold Signs Agreement With Senergy Communications Inc. and Frontline Communications Investor Relations Inc. to Provide Investor Relations - More
- August 05, 2010 | Item | ShareThis
Aurora Gold Corporation Is Pleased to Announce That the Company Will Be Listed on the OTC Bulletin Board in the United States - More
- August 05, 2010 | Item | ShareThis
Further Progress at Chúcara, Sampling returns 15.1 g/t Au & 800 g/t Ag over 1m - More
- August 05, 2010 | Item | ShareThis
Anaconda engages Gryphon Partners as strategic advisors - More
- August 05, 2010 | Item | ShareThis
Arcus Closes $1 Millon Private Placement - More
- August 05, 2010 | Item | ShareThis
Conway Resources Completes First $175,000 Tranche of a $550,000 Private Placement - More
- August 05, 2010 | Item | ShareThis
Imperial Metals Corporation: Red Chris Exploration Program Continues to Expand Deep Deposit - More
- August 05, 2010 | Item | ShareThis
Pacific Booker Minerals, Inc. Announces Federal Environmental Assessment Update of the Morrison Copper/Gold Project - More
- August 05, 2010 | Item | ShareThis
Rio Cristal Signs Exclusivity Agreement on the La Cumbre Copper Project in Peru - More
- August 05, 2010 | Item | ShareThis
Quaterra Announces Increased Silver Resource at Nieves - More
- August 05, 2010 | Item | ShareThis
Catalyst Copper Corp. - NI 43-101 Report Contracted - More
- August 05, 2010 | Item | ShareThis
Eurasian Minerals to Acquire Swedish Royalties and Properties-Commences Exploration on Its Licenses in Sweden - More
- August 05, 2010 | Item | ShareThis
Star Uranium Corp. Announces Normal Course Issuer Bid - More
- August 05, 2010 | Item | ShareThis
Valterra Turns the Drill on the Cu-Au Swift Katie Project in Southeast BC - More
- August 05, 2010 | Item | ShareThis
Mineral Mountain Expands Kootenay Arc Holdings - More
- August 05, 2010 | Item | ShareThis
Dr. William Bird Joins Pele Mountain's Rare Metals Advisory Board - More
- August 05, 2010 | Item | ShareThis
New Island Resources Inc. Announces Closing of Placement of 3,000,000 Common Shares to Navina Asset Management for $0.10 Per Common Share - More
- August 05, 2010 | Item | ShareThis
Anaconda to Hold Corporate Update Conference Call Today - Please Note Revised Dial-In Number - More
- August 05, 2010 | Item | ShareThis
ValGold Reports Garrison Project Drill Results - More
- August 05, 2010 | Item | ShareThis
Harvest Gold drills 35 m of 238 g Ag/t, 0.82 g Au/t, Including 4.6 m of 1,235 g Ag/t in HGR-3; and 114 m of 0.5 g Au/t in HGR-5 at Rosebud, More Assays Pending - More
- August 05, 2010 | Item | ShareThis
Edgewater Announces Updated Resource Estimate for the Corcoesto Gold Deposit, Spain Including 315,000 ozs Measured and Indicated and 885,000 ozs Inferred - More
- August 05, 2010 | Item | ShareThis
Dorato Expands Anomalous Gold Zone at Lucero Discovery, Condor Gold-Copper Belt, NW Peru - More
- August 05, 2010 | Item | ShareThis
Miranda Gold Signs New Exploration Funding Agreement for Angel Wing - More
- August 05, 2010 | Item | ShareThis
First Gold Intersects 1.24% Li2O, 2,206 g/t Rubidium, 148 ppm Ta2O5, 129 ppm Beryllium, 76 ppm Gallium and 93 ppm Cesium Over 14.45 Metres in Hole LR-10-60 - More
- August 05, 2010 | Item | ShareThis
Arco Provides Drilling Update - More
- August 05, 2010 | Item | ShareThis
Caribou Copper Resources Ltd. Announces High Grade Trenching Results - More
- August 05, 2010 | Item | ShareThis
Lithic Completes Preliminary Economic Assessment of Crypto Zinc-Copper-Indium Project - More
- August 05, 2010 | Item | ShareThis
Romarco encounters 21.3 meters of 7.2 g/t Au west of South Pit - More
- August 05, 2010 | Item | ShareThis
Full Metal Commences Drilling at Grizzly Butte Copper-Gold Property, Alaska - More
- August 05, 2010 | Item | ShareThis
Hana Mining RC Drilling in Banana Zone Intersects 3.40% Cu and 48.0 g/t Ag Over 6 Metres, 2.51% Cu and 36.0 g/t Ag Over 4 Metres - More
- August 05, 2010 | Item | ShareThis
Rockland Airborne Survey Commences at Retty Lake, Labrador Trough, Quebec - More
- August 05, 2010 | Item | ShareThis
Midland Exploration Begins First Exploration Program With JOGMEC on Its Rare Earth Ytterby Project - More
- August 05, 2010 | Item | ShareThis
Canadian Shield Changes Name to Estrella Gold Corporation - More
- August 05, 2010 | Item | ShareThis
Linear Metals Initiates Exploration Program at Its La Morena Copper-Silver-Gold Project - More
- August 05, 2010 | Item | ShareThis
Final drill results from Tasman's spring program at Norra Karr, Sweden returns further thick intervals of heavy rare earth elements and zirconium - More
- August 05, 2010 | Item | ShareThis
Ressources Appalaches Inc.: Nova Scotia Gold Exploration Update-5000 m Drill Program in Progress - More
- August 05, 2010 | Item | ShareThis
Copper Mountain approves exploration drilling program - More
- August 05, 2010 | Item | ShareThis
ATAC Resources Ltd. Intersects 38.80 Metres of 17.11 g/t Gold and 58.92 Metres of 8.70 g/t Gold at Its Rau Gold Project-Yukon - More
- August 05, 2010 | Item | ShareThis
Serengeti Completes Exploration Access Agreement for Kwanika Project with Takla Lake First Nation - More
- August 05, 2010 | Item | ShareThis
Kaminak Drilling Extends Supremo Gold Zone at Least 550m Along Trend: Drill Highlights Include 21.3 g/t Au over 8m and 6.9 g/t Au over 7m - More
- August 05, 2010 | Item | ShareThis
Newcastle Corporate Update - More
- August 05, 2010 | Item | ShareThis
Anooraq Announces Results for the Period Ended June 30, 2010 - More
- August 05, 2010 | Item | ShareThis
Rochester Reports on Exploration Program, 2010 - More
- August 05, 2010 | Item | ShareThis
Aura Minerals Releases First Results From the Phase 1 Deep Drilling Program for the Aranzazu Copper-Gold-Silver Project in Mexico - More
- August 05, 2010 | Item | ShareThis
Osisko and Clifton Star Report 7.54 g/t Au Over 25 Metres at Duparquet - More
- August 05, 2010 | Item | ShareThis
Avala Resources Announces Beginning of Work Program, Change of Auditors and Option Grants - More
- August 05, 2010 | Item | ShareThis
Capstone Reports Commencement of Pre-feasibility Work Program at Kutcho Project - More
- August 05, 2010 | Item | ShareThis
INV Metals Reports Q2/2010 Results and Provides Operational Update - More
- August 05, 2010 | Item | ShareThis
Paladin Energy Ltd Signs Strategic MOU With CGNPC Uranium Resources Co., Ltd - More
- August 05, 2010 | Item | ShareThis
Steele Recording Corporation Enters LOI to Acquire 9 New Properties - More
- August 05, 2010 | Item | ShareThis
Big Bear Mining Corp. Announces Acquisition of Ten Properties in Rattlesnake Hills Wyoming - More
- August 05, 2010 | Item | ShareThis
Gabriel Resources Ltd.: Second Quarter 2010 Report - More
- August 05, 2010 | Item | ShareThis
Alamos Gold Reports Q2 2010 Financial Results and Provides Mulatos Exploration Update - More
- August 05, 2010 | Item | ShareThis
Vena to Draw Down on Standby Equity Distribution Agreement - More
- August 05, 2010 | Item | ShareThis
South American Silver Corp. Announces Additions to Management Team and Acceleration of Activities at the Malku Khota Silver-Indium Project - "South American Silver Corp. (TSX:SAC - News)(PINK SHEETS:SOHAF - News) is pleased to announce that with the completion of the recent financing the Company is taking steps to accelerate and optimize project development activities at the large Malku Khota Silver-Indium project and advance the project rapidly toward the feasibility stage. These steps include mobilization of two additional drills to the project to accelerate the current drill program and the addition of two experienced mine development engineers to the South American Silver management team. Joining the management team are Mr. Phillip Brodie-Hall, as Vice President, Project Development, and Mr. Andrew Clark as Manager, Project Implementation." More
- August 05, 2010 | Item | ShareThis
Endeavour Silver Reports Higher EBITDA, Cash-Flow, Revenues in Q2, 2010; Silver Production Up 41%, Cash Costs Down 15% Compared to Q2, 2009 - "Although our Q2, 2010 earnings dipped as expected compared to Q1, 2010 due to increased exploration and other expenses, silver and gold production were both slightly ahead of plan. Similar to 2009, production is forecast to start climbing again in Q3 and Q4, 2010 once our operating team completes its annual capital programs, including the development of the new Santa Cruz and Porvenir Cuatro mines and plant expansion at Guanacevi and the opening of the new Lucero South mine at Guanajuato." More
- August 05, 2010 | Item | ShareThis
Drilling at Courageous Lake Yields Positive Results for Seabridge Gold - "The first 11 holes drilled this season by Seabridge Gold (TSX:SEA - News)(AMEX:SA - News) on the FAT deposit at its 100% owned Courageous Lake gold project have exceeded expectations, increasing confidence in the current resource and potentially expanding it. The Courageous Lake project is located in Canada's Northwest Territories. Drilling continues with another 30 holes planned for this summer." More
- August 05, 2010 | Item | ShareThis
Yamana Gold announces 33 percent increase in dividend - "The Board of Directors has approved an increase in Yamana's dividend to an annualized $0.08 per share, or $0.02 per share per quarter. This represents a 100 percent increase over the 2009 annualized dividend of $0.04 per share, or $0.01 per share per quarter and a 33 percent increase over the annualized dividend increase to $0.06 per share, or $0.015 per share per quarter announced last quarter." More
- August 05, 2010 | Item | ShareThis
Kinross Receives Russian Government Approval to Acquire 100% of Dvoinoye - "Kinross Gold Corporation (TSX:K - News)(NYSE:KGC - News) has been advised that its application to acquire 100% of the shares of Northern Gold, the owner of the Dvoinoye gold and silver deposit in the Chukotka Autonomous Okrug, has been approved by the Russian Federation's State Commission for the Control of Foreign Investments." More
- August 05, 2010 | Item | ShareThis
Golden Minerals Reports Second Quarter 2010 - "For the second quarter 2010, Golden Minerals recorded a net loss of $3.6 million, which included among other items, $7.0 million in revenue net of associated costs for management services, offset by $2.9 million of exploration expense, $3.5 million of expense related to El Quevar feasibility study work and $2.1 million of administrative expense." More
- August 05, 2010 | Item | ShareThis
Gold Fields South Deep New Order Mining Right Executed and Bee Transactions Approved - "Following on its 10 May 2010 media release, Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that the Department of Mineral Resources (DMR) of South Africa has executed the new order mining right for its South Deep gold mine." More
- August 05, 2010 | Item | ShareThis
Gold Fields Limited: Attributable Production Up 13 Per Cent to 898,000 Ounces - "Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the June 2010 quarter of R900 million compared with earnings of R316 million and a loss of R293 million in the March 2010 and the June 2009 quarters respectively. In US dollar terms net earnings for the June 2010 quarter were US$120 million, compared with earnings of US$44 million and a loss of US$29 million for the March 2010 and June 2009 quarters respectively." More
- August 05, 2010 | Item | ShareThis
Randgold Resources announces Q2 results - "Randgold Resources today posted a quarterlyprofit increase of 52% on the previous quarter and 92% on thecorresponding prior year quarter, while its profit for the six monthsto June was up 88% year on year." More
- August 05, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2010
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
-- Posted Thursday, 5 August 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Higher
