-- Posted Monday, 9 August 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1200.45 | -$1.75 |
Silver | $18.26 | -$0.15 |
XAU | 175.42 | -0.04% |
HUI | 459.72 | -0.05% |
GDM | 1383.29 | +0.01% |
JSE Gold | 2442.51 | +9.34 |
USD | 80.70 | +0.38 |
Euro | 132.24 | -0.58 |
Yen | 116.43 | -0.45 |
Oil | $81.48 | +$0.78 |
10-Year | 2.822% | -0.002 |
T-Bond | 129.34375 | -0.1875 |
Dow | 10698.75 | +0.42% |
Nasdaq | 2305.69 | +0.75% |
S&P | 1127.79 | +0.55% |
The Metals:
Gold saw a $7.50 gain at $1209.70 in Asia, but it then fell back off in London and New York and ended near its late session low of $1198.95 with a loss of 0.15%. Silver climbed almost 1% to as high as $18.56 before it also fell back off and ended near its late session low of $18.212 with a loss of 0.81%.
Euro gold climbed over €907, platinum lost $24.30 to $1538.00, and copper climbed a penny to about $3.35.
Gold and silver equities fell over 1% at the open, but they than rallied back higher in midmorning trade and ended with only slight losses.
The Economy:
There were no major economic reports today. Tomorrow at 8:30AM EST brings second quarter Productivity expected at 0.1% and Unit Labor Costs expected at 1.5%. At 10AM is the Wholesale Inventories report for June expected at 0.4%, and at 2:15PM is the FOMC Rate Decision.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil and the U.S. dollar index rose while treasuries fell as traders positioned themselves ahead of tomorrow’s fed announcement and $34 billion 3-year note auction.
The Dow, Nasdaq, and S&P rose on hopes the fed will announce some economically simulative measures tomorrow.
Among the big names making news in the market today were Nabors, Dish, Tyson, Goldman Sachs, McDonald’s, BP, and Chrysler.
GATA Posts:
Jim Rickards: Portfolio recommendations as Fed walks tightrope
Gene Arensberg: There's a Chinese put under the gold price
Ambrose Evans-Pritchard: Commodity spike queers pitch for Bernanke's QE2
James Turk: Is silver ready to move higher?
Join GATA in Toronto, Spokane, and New Orleans this fall
Senators introduce bill to keep SEC under open-government law
Gold council CEO helps The Economist put investors to sleep
Pat Heller: Dollar plunges and commodities soar, but not gold and silver
Morgan cuts gold and silver shorts, maybe permanently, Butler says
Central bank gold sales minimal as IMF sales continue
The Statistics:
Activity from: 8/05/2010
Gold Warehouse Stocks: | 11,176,486 | -668 |
Silver Warehouse Stocks: | 109,957,844 | +244,588 |
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 | 1282.746 | 41,241,568 | US$49,606m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 123.11 | 3,958,142 | US$4,757m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,716 | US$549m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.13 | 1,579,464 | US$1,884m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,971 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: The LSE added 0.14 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 90.86 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9151.03 - No change from yesterday’s data.
The Miners:
Almaden’s (AAU) drill results, Solitario’s (XPL) JV with Anglo Platinum, Allied Nevada’s (ANV) second quarter results, Ivanhoe’s (IVN) drilling program, Fronteer’s (FRG) drill results, Silver Quest’s (SQI.V) manager appointment, and Apogee’s (APE.V) assay results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +18.37% $1.15 |
2. Entree | EGI +3.43% $2.41 |
3. Allied Nevada | ANV +2.03% $19.62 |
LOSERS
1. Endeavour | EXK -2.56% $3.42 |
2. DRDGOLD | DROOY-1.91% $4.11 |
3. Capital Gold | CGC -1.88% $3.65 |
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:
Silver Quest Appoints Investor Communications Manager - "Silver Quest Resources Ltd. (TSX-V:SQI - News) (the "Company") is pleased to announce the appointment of Ms. Jasmin TamDoo in the position of Manager of Investor Communications." More
- August 09, 2010 | Item | ShareThis
Golden Phoenix Executes Block Sale of 7,042,275 Shares of Scorpio Gold Common Stock - More
- August 09, 2010 | Item | ShareThis
Tamerlane Appoints Executive Chairman and Provides Corporate Strategy for Advancing the Permitted Pine Point Lead Zinc Project - More
- August 09, 2010 | Item | ShareThis
Almaden Intersects 302.41 Meters of 1.01 G/T Au and 48 G/T Ag (1.7 G/T AuEq) and 1.67 Meters of 60.66 G/T Au and 2112 G/T Ag (93.2 G/T AuEq) in the Ixtaca Zone - "Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM - News)(AMEX:AAU - News)is pleased to report the results from the first ever drilling on what is now being called the Ixtaca zone within the Company's 100% owned Tuligtic project located in Puebla State, Mexico." More
- August 09, 2010 | Item | ShareThis
Silvore Fox Minerals Regretfully Announces Plane Crash Involving Director - More
- August 09, 2010 | Item | ShareThis
Salares Lithium-Talison Minerals Merger Update - More
- August 09, 2010 | Item | ShareThis
Adroit Resources Inc.: New Staking on Red Vein Copper Property - More
- August 09, 2010 | Item | ShareThis
Sierra Resource Group, Inc. Accurate Stock Quotes - More
- August 09, 2010 | Item | ShareThis
First Point Completes First Two Holes at Decar Nickel-Iron Property - More
- August 09, 2010 | Item | ShareThis
EurOmax Mails Letter to Shareholders, Announces Shareholder Conference Call to be held on Thursday, August 12, 2010 - More
- August 09, 2010 | Item | ShareThis
SLAM Drilling Red Lake Type Gold Grades at Reserve Creek - More
- August 09, 2010 | Item | ShareThis
Golden Phoenix Unveils Royalty Mining Growth Strategy On Company's New Web Site - More
- August 09, 2010 | Item | ShareThis
Ascot Resources Ltd. Receives Drill Permit Approval From USFS for Mt. Margaret Property - More
- August 09, 2010 | Item | ShareThis
Del Toro enters into Investor Relations Agreement with Goal Capital LLC - More
- August 09, 2010 | Item | ShareThis
Lumina Copper Starts Drill Program at Taca Taca Copper/Gold/Molybdenum Project - More
- August 09, 2010 | Item | ShareThis
Petaquilla Exploration Drilling Update; Discovery of New Epithermal Gold Vein Systems at the Oro Del Norte Concession - More
- August 09, 2010 | Item | ShareThis
Upper Canada Gold Corporation Seeks Shareholder Approval for Shares for Services - More
- August 09, 2010 | Item | ShareThis
Goldcorp Declares Eighth Monthly Dividend Payment for 2010 - "GOLDCORP INC. (TSX:G - News)(NYSE:GG - News) is pleased to declare its eighth monthly dividend payment for 2010 of $0.015 per share. Shareholders of record at the close of business on Thursday, August 19, 2010 will be entitled to receive payment of this dividend on Friday, August 27, 2010. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends." More
- August 09, 2010 | Item | ShareThis
Duncastle Signs Agreement with First Nations at Porphyry Creek - More
- August 09, 2010 | Item | ShareThis
Excalibur Resources Ltd.: Drilling Commences at Sturgeon Lake Property - More
- August 09, 2010 | Item | ShareThis
Aura Minerals Releases Additional Assay Results for the Aranzazu Copper-Gold-Silver Project in Mexico - More
- August 09, 2010 | Item | ShareThis
Khan Court Decision to be Appealed by Nuclear Energy Agency - More
- August 09, 2010 | Item | ShareThis
Creso Exploration Intersects 82.5 Meters of 13.3 g/t Au in Hole #1 at the Minto Project - More
- August 09, 2010 | Item | ShareThis
Mercator Provides Update on its Mineral Park Mine & El Pilar Project - More
- August 09, 2010 | Item | ShareThis
Lake Victoria Increases Potential Strike Length of Drill Targets at Singida-Londoni Gold Project, Tanzania - More
- August 09, 2010 | Item | ShareThis
AXMIN Announces Granting of the Mining Licence at Passendro Gold Project, CAR - More
- August 09, 2010 | Item | ShareThis
European Goldfields Limited - Final EIS for Greek projects submitted - More
- August 09, 2010 | Item | ShareThis
More gold M&A to come after Kinross, bankers say - "A $7.1 billion bid for Red Back Mining (RBI.TO), a Canadian-based company active in Africa, has a stable of other mid-tiered gold miners dreaming of similar takeover approaches from larger rivals." More
- August 09, 2010 | Item | ShareThis
Sparton Implements Safety and Health Upgrades for China Operations - More
- August 09, 2010 | Item | ShareThis
Rockgate Intercepts 1.21% U3O8, 1,307.0 g/t Ag and 0.84% Cu Over 2.0 Metres at Falea Project, Mali, West Africa - More
- August 09, 2010 | Item | ShareThis
Kirrin Resources Reports Continued Progress in Uranium and Rare Earth Element Exploration in Its Q2 2010 Results and Operating Highlights - More
- August 09, 2010 | Item | ShareThis
AmeriLithium Receives Deed for Nevada-Based Full Monty Lithium Properties - More
- August 09, 2010 | Item | ShareThis
BE Resources Establishes Drill Date for Warm Springs Beryllium Project - More
- August 09, 2010 | Item | ShareThis
Orex Extends Gold and Silver in the Loma Verde Sector of the Coneto Project: Mineral Concessions Expanded to Over 16,000 Hectares - More
- August 09, 2010 | Item | ShareThis
Fission's Summer Drill Program Continues to Expand J-Zone to the North: Latest Vertical Step-Out Intersects 5m of Highly Radioactive Mineralization - More
- August 09, 2010 | Item | ShareThis
Osisko Reports 1.07 g/t Au Over 130 Metres at Hammond Reef - More
- August 09, 2010 | Item | ShareThis
Yukon-Nevada Gold Corp. reaches steady state production - More
- August 09, 2010 | Item | ShareThis
Oremex Increases Gold Exploration Potential at San Lucas to 2 km Mineralized Zone - More
- August 09, 2010 | Item | ShareThis
Kaminak Identifies Three New Kilometre-Scale Gold Soil Trends on the Coffee Property: Priority Targets to be Drilled in Current Field Season - More
- August 09, 2010 | Item | ShareThis
Indigo Exploration Engages Contact Financial For Investor Relations Services and Grants Stock Options - More
- August 09, 2010 | Item | ShareThis
Asia Now Intersects High-Grade Gold/Silver Mineralization Zone at Beiya North - More
- August 09, 2010 | Item | ShareThis
Midlands Announces Three Primary Robust Drill Targets on Kaniago-Ghana - More
- August 09, 2010 | Item | ShareThis
Mercer Gold Completes Geochemical Sampling Program at Guayabales Gold Project, Colombia - More
- August 09, 2010 | Item | ShareThis
Continental Gold's Soil Geochemical Anomalies Add Significantly to the Exploration Upside of its Buritica Gold Project, Colombia - More
- August 09, 2010 | Item | ShareThis
Matamec Successfully Recovered REE-Y-Zr Values from Eudialyte Concentrates From the Kipawa Deposit - More
- August 09, 2010 | Item | ShareThis
Bralorne Prepares for Mill Start-Up - More
- August 09, 2010 | Item | ShareThis
Malaga Increases Income From Mining Activities in the Second Quarter - More
- August 09, 2010 | Item | ShareThis
Largo Resources to Advance the Currais Novos Tungsten Project, Rio Grande De Norte, Brazil - More
- August 09, 2010 | Item | ShareThis
Innocent Inc. (INCT) Enters into a Definitive Agreement to Acquire Murciealagos Vizcaya and Lilly Rai Mines in Ecuador - More
- August 09, 2010 | Item | ShareThis
Uranium Resources, Inc. Provides Second Quarter 2010 Update - More
- August 09, 2010 | Item | ShareThis
Conway Resources Identifies Several New Potential Structures and Begins a New Exploration Program on Its Belleterre Mine Property - More
- August 09, 2010 | Item | ShareThis
New Pacific Metals Offer Deemed Fair Value by Tagish Lake Independent Valuator - More
- August 09, 2010 | Item | ShareThis
European Goldfields announces EIS Submitted - More
- August 09, 2010 | Item | ShareThis
Uranium One Increases 2010 Production Guidance to 7.0 Million Pounds Due to Record Production - More
- August 09, 2010 | Item | ShareThis
Puget Ventures Inc. Retains Investor Relations Providers - More
- August 09, 2010 | Item | ShareThis
Fjordland Announces Financing With Gold Fields - More
- August 09, 2010 | Item | ShareThis
99 Capital Corporation increases land position at "New Telluride Mine" near Larder Lake Ontario - More
- August 09, 2010 | Item | ShareThis
Northern Miner Apologizes to East Asia and Retracts Incorrect Statements - More
- August 09, 2010 | Item | ShareThis
Marine Mining Announces Closing of Private Placement Financing - More
- August 09, 2010 | Item | ShareThis
Mandalay Resources announces completion of CDN $23 million offering and changes to its Board of Directors - More
- August 09, 2010 | Item | ShareThis
Sierra Resource Group, Inc. Plans for Production of Chloride Copper Mine Project in Arizona - More
- August 09, 2010 | Item | ShareThis
Bravada Closes First Tranche of Private Placement - More
- August 09, 2010 | Item | ShareThis
Pershimco Resources Inc.: Closings of the Financing Through a Convertible Debenture of $1,000,000 and of a Concurrent Private Placement of $100,000 - More
- August 09, 2010 | Item | ShareThis
Prospero Files Amended Report on Baborigame Project - More
- August 09, 2010 | Item | ShareThis
Explorator Resources Restates Third Quarter 2009 MD&A and Financial Statements to Correct Non-Cash Accounting Error - More
- August 09, 2010 | Item | ShareThis
Explor Hires an Investor Relations Firm - More
- August 09, 2010 | Item | ShareThis
Anglo Platinum Earns 51% Interest in Solitario's Pedra Branca Platinum-Palladium Project, Brazil - "Solitario Exploration & Royalty Corp. (NYSE Amex: XPL) (TSX: SLR) announced that Anglo Platinum Ltd. (“Anglo”) has earned an additional 21% interest in Solitario’s Pedra Branca platinum-palladium project in northeastern Brazil to bring its total interest in the project to 51%. Anglo earned this interest by completing its required funding for the $1.5 million 2010 exploration program, in addition to its previous 2009 $1.5 million funding. Anglo has now funded a total of $7.0 million since inception of our joint venture. Anglo Platinum, with over 2.0 million ounces of annual production, is the world’s largest platinum producer accounting for nearly 40% of the world’s production." More
- August 09, 2010 | Item | ShareThis
Allied Nevada Reports Record Earnings of $24.4 Million ($0.32 Per Share) for the First Half of 2010 - "Hycroft operations achieved record production in the second quarter of 2010 of 31,400 ounces of gold and 62,000 ounces of silver. Allied Nevada is on track to meet full-year guidance for 2010 of gold sales of approximately 100,000 ounces at cost of sales per ounce of gold sold(1) of $400-$450." More
- August 09, 2010 | Item | ShareThis
Ivanhoe Mines Ltd.: Altynalmas Gold's Drilling Program Continuing to Confirm Grades and Extent of High-Grade Gold Mineralization at Kyzyl Gold Project - "Robert Friedland, Chairman of Ivanhoe Mines Ltd. (TSX:IVN - News)(NYSE:IVN - News)(NASDAQ:IVN - News) and Altynalmas Gold Ltd., and David Woodall, President and Chief Executive Officer of Altynalmas Gold, announced today that the ongoing resource expansion and exploration drilling program is continuing to confirm the grades and extent of high-grade gold mineralization that was used to calculate the former Soviet-era gold resources at Altynalmas's Kyzyl Gold Project in northeastern Kazakhstan. Ivanhoe Mines owns 50% of Altynalmas Gold." More
- August 09, 2010 | Item | ShareThis
Apogee Intersects 27.2 Meters Grading 405.03 g/t Silver and 19.9 Meters Grading 122.89 g/t Silver at Pulacayo - "Apogee Minerals Ltd. ("Apogee" or the "Company") (TSX VENTURE:APE - News) reports assay results from four diamond drill holes from the ongoing drill campaign at the Pulacayo deposit located in southwest Bolivia. All of the reported holes were drilled from surface." More
- August 09, 2010 | Item | ShareThis
Fronteer Gold Continues to Intersect High-Grade Gold at Northumberland With 19.8 Metres of 7.07 g/t Gold - "The 2010 drill program is focused on the western half of the deposit where previous wide-spaced drilling and new geologic modeling indicate the presence of multiple areas where high-grade gold and silver occur over thick intervals. Two new holes have returned high-grade gold and silver over intervals comparable to those recently reported in hole FNU35 (See Aug. 3, 2010 press release). Together, these three holes expand an important target area and enhance our understanding of the distribution of high-grade mineralization throughout the deposit." More
- August 09, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Monday, 9 August 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Slightly Before Fed Day
