-- Posted Tuesday, 17 August 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1226.10 | +$2.15 |
Silver | $18.57 | +$0.16 |
XAU | 177.38 | +1.37% |
HUI | 465.88 | +0.93% |
GDM | 1413.12 | +1.02% |
JSE Gold | 2485.88 | +0.65 |
USD | 82.24 | -0.23 |
Euro | 128.80 | +0.56 |
Yen | 116.93 | -0.21 |
Oil | $75.77 | +$0.53 |
10-Year | 2.645% | +0.080 |
T-Bond | 132.90625 | -0.96875 |
Dow | 10405.85 | +1.01% |
Nasdaq | 2209.44 | +1.26% |
S&P | 1092.54 | +1.22% |
The Metals:
Gold rose to as high as $1228.70 in London before it fell back off a bit in New York, but it still ended with a gain of 0.18%. Silver climbed to as high as $18.603 by late morning in New York before it dropped off some in the last couple of hours of trade, but it still ended with a gain of 0.87%.
Euro gold fell to about €951, platinum gained $8 to $1539, and copper gained 6 cents to about $3.34.
Gold and silver equities rose over 1% by late morning and remained near their highs into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | July | 546K | 555K | 537K |
Building Permits | July | 565K | 573K | 583K |
PPI | July | 0.2% | 0.2% | -0.5% |
Core PPI | July | 0.3% | 0.1% | 0.1% |
Industrial Production | July | 1.0% | 0.6% | -0.1% |
Capacity Utilization | July | 74.8% | 74.5% | 74.1% |
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose as the U.S. dollar index and treasuries fell on somewhat better than expected economic data and positive company news that sent the Dow, Nasdaq, and S&P over 1% higher.
Among the big names making news in the market today were GM, Wal-Mart, BHP Billiton, Fannie and Freddie, Potash, Pactiv, Saks, American Apparel, and Netflix.
GATA Posts:
Central banks and investors weigh in as gold market transforms
Chris Weber: How much gold remains in Fort Knox? Not much
Ian Cowie: Struggling pensioners suspect CPI is the Chinese Prices Index
Jim Rickards: Political intervention destroying price discovery and markets
Physical market is beating paper gold, Turk tells King World News
Gold Report interviews Sprott's John Embry
A review of gold, silver market manipulation complaints to the CFTC
'Banging the close' is illegal in commodities, unless you bang it down
Hinde Capital's attack on gold ETF makes Financial Times
The Statistics:
Activity from: 8/13/2010
Gold Warehouse Stocks: | 11,032,514 | -57,155 |
Silver Warehouse Stocks: | 110,499,297 | -65,883 |
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 | 1287.915 | 41,407,754 | US$50,754m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 124.88 | 4,015,106 | US$4,919m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,675 | US$560m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.12 | 1,579,274 | US$1,932m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,971 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.216 tonnes and the LSE added 0.71 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 92.38 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9151.03 - No change from yesterday’s data.
The Miners:
Tanzanian Royalty’s (TRE) closed private placement, Gammon Gold’s (GRS) new drill target, ITH’s (THM) drill results, Fortuna’s (FVI.V) new board appointment, Scorpio’s (SPM.TO) second quarter results, and Coeur’s (CDE) resumed activities in Bolivia were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Richmont | RIC +6.41% $4.65 |
2. Taseko | TGB +5.95% $4.45 |
3. Gammon Gold | GRS +5.51% $6.51 |
LOSERS
1. Paramount | PZG -3.68% $1.31 |
2. Harmony | HMY -3.06% $10.46 |
3. DRDGOLD | DROOY-2.86% $4.08 |
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:
SLAM Reports Final Gold Results On Reserve Creek - More
- August 17, 2010 | Item | ShareThis
Gold Reef International, Inc.: Corporate Update - More
- August 17, 2010 | Item | ShareThis
Yukon-Nevada Gold Corp. closes US$25,000,000 Secured Note financing - More
- August 17, 2010 | Item | ShareThis
Cedar Creek Mines Ltd. Closes Private Placement - More
- August 17, 2010 | Item | ShareThis
Continental Precious Minerals Provides Update on Activities - More
- August 17, 2010 | Item | ShareThis
Laurentian Identifies Kilometre-Scale Gold Anomalies at 100%-Owned Goldpines South, ON - More
- August 17, 2010 | Item | ShareThis
Channel Resources Makes New Gold Discovery at Tanlouka Project, Burkina Faso - More
- August 17, 2010 | Item | ShareThis
Imperial Reports Huckleberry Mine Operations Temporarily Suspended as Access Road is Threatened by Wildfires - More
- August 17, 2010 | Item | ShareThis
Duncastle Commences Ground Geological Program at Porphyry Creek - More
- August 17, 2010 | Item | ShareThis
Gold Hawk Signs Letter of Intent to Acquire the Oracle Ridge Copper Mine - More
- August 17, 2010 | Item | ShareThis
New Gold Exploration Targets Defined at Pacific Ridge's Mariposa Property in Yukon - More
- August 17, 2010 | Item | ShareThis
Nemaska Exploration Signs MOU with the Cree - More
- August 17, 2010 | Item | ShareThis
Argentine legislation that targets mining - "Argentina's lower house passed a bill last week to ban mining and oil extraction around the country's Andean glaciers, a move seen curtailing investment in the mineral-rich nation." More
- August 17, 2010 | Item | ShareThis
Alamos Gold Completes Settlement With Primero Mining - More
- August 17, 2010 | Item | ShareThis
Aldridge Engages Leading Market-Maker W.D. Latimer - More
- August 17, 2010 | Item | ShareThis
Belo Sun Mining Intercepts 78 Meters Grading 2.1 g/t Gold Including 9.00 Meters Grading 10.52 g/t Gold at Volta Grande Project, Brazil - More
- August 17, 2010 | Item | ShareThis
Sage to Focus on Clavos Mine - More
- August 17, 2010 | Item | ShareThis
First Quantum Minerals Appoints Steven McTiernan as Independent Director - More
- August 17, 2010 | Item | ShareThis
Golden Phoenix Pays Off Remaining $1 Million Debt to Crestview Capital - Successful Conclusion to Debt Restructuring - More
- August 17, 2010 | Item | ShareThis
Queenston Reports 90.1 g/t Au Over 3.0 m From Deepest Drilling to Date in the Eastern Portion of the Upper Beaver Deposit - More
- August 17, 2010 | Item | ShareThis
Bison Gold Resources Inc. Central Manitoba Property Update: Superior High Grade Gold Intersections From Diamond Drilling at the Ogama-Rockland Trend - More
- August 17, 2010 | Item | ShareThis
Glen Eagle Resources Inc.: Prefeasibility Study - More
- August 17, 2010 | Item | ShareThis
El Maniel International Inc. Explores Mining Opportunities in West Africa - More
- August 17, 2010 | Item | ShareThis
Fission Energy Corp.: Western Vertical Step-Out Drilling at Fission's Waterbury Lake Project Expands & Widens J-Zone - More
- August 17, 2010 | Item | ShareThis
Sage and Gryphon End Borealis Option Agreement - More
- August 17, 2010 | Item | ShareThis
Amseco Exploration Ltd.: Chika Property Geochemistry Results - More
- August 17, 2010 | Item | ShareThis
Rare Element to commence trading on the NYSE Amex - More
- August 17, 2010 | Item | ShareThis
Alto Provides Update on Summer Exploration Programs - More
- August 17, 2010 | Item | ShareThis
Northern Gold Initiates Shareholder Rights Plan - More
- August 17, 2010 | Item | ShareThis
Rye Patch Reports 504 g/t Au From Metallic Screen Assays at Wilco - More
- August 17, 2010 | Item | ShareThis
NGG Announces High Grade Gold & Copper Drill Results at Sinivit Mine Below Southern Oxide Pit - More
- August 17, 2010 | Item | ShareThis
Network completes four holes at Caldera's primary gold targets - More
- August 17, 2010 | Item | ShareThis
Anfield Intersects 33 Meters Grading 1.94% Nickel at its Mayaniquel Project, Guatemala - More
- August 17, 2010 | Item | ShareThis
Yukon-Nevada Gold Corp. shows continued improvement in second quarter results - More
- August 17, 2010 | Item | ShareThis
Richfield Adds Second Drill to the Blackwater Gold Project to Expand on Recent Encouraging Results - More
- August 17, 2010 | Item | ShareThis
Temex set to begin drilling NI 43-101 614,000 oz Juby Gold deposit - Expands exploration program on JV Gold property adjacent to Creso's Minto - More
- August 17, 2010 | Item | ShareThis
Alderon Reaches Memorandum of Understanding With Innu of Labrador - More
- August 17, 2010 | Item | ShareThis
Vaaldiam Reports 2010 Q2 Financial Results - More
- August 17, 2010 | Item | ShareThis
MacDonald Mines Acquires 100% of Hornby & Pender Properties; Provides Exploration Update in Ring of Fire, James Bay Lowlands - More
- August 17, 2010 | Item | ShareThis
Golden Harp Resources Signs LOI to Option a 60% Interest the Copper Hill "Main Block" Gold Property in the Shining Tree Mining Camp - More
- August 17, 2010 | Item | ShareThis
Kirrin Resources Reports Key Lake SW Airborne Survey Results Define 78.2 Kilometres of Conductive Horizons Grouped in 19 Anomalies - More
- August 17, 2010 | Item | ShareThis
Lydian Intersects 86m at 2.7g/t; 95m at 1.3g/t & 74m at 1.4g/t Gold in Resource Extension & Upgrade Drilling at Amulsar; Armenia - More
- August 17, 2010 | Item | ShareThis
AuEx Ventures, Inc.: Reef Project Agreement Executed - More
- August 17, 2010 | Item | ShareThis
Mineral Mountain Signs LOI to Option a 60% Interest in Golden Harp's Copper Hill "Main Block" Gold Property in the Shining Tree Area and Private Placement - More
- August 17, 2010 | Item | ShareThis
Canaco Commits $13.7m to Accelerated Exploration at Handeni Including 28,000 Metres of Diamond Drilling at Magambazi - More
- August 17, 2010 | Item | ShareThis
Alexis Resolves Challenges; Reports Second Quarter Results - More
- August 17, 2010 | Item | ShareThis
Fortuna Announces New Appointment to the Board of Directors - "Mr. Franzen has over 35 years' experience in mineral exploration, mine development and operations. He is a registered professional engineer in the Province of British Columbia and is President of Franzen Mineral Engineering Limited, an independent consultancy that specializes in the management of advanced exploration and development stage projects. Jeffrey has held leadership roles in the British Columbia & Yukon Chamber of Mines, Mineral Deposit Division of the Geological Association of Canada and Vancouver Mineral Exploration Group. He is currently Chairman of the Board of Terrane Metals Corp., a TSX.V listed company which is in the process of being purchased by Thompson Creek Metals Company." More
- August 17, 2010 | Item | ShareThis
Private Placement with Tanzanian Royalty Closes - "The placement consists of a $1,095,000 three-year promissory note bearing interest at 3% per annum, convertible into 255,484 common shares. The conversion price of $4.286 per share represents the five-day weighted average trading price of the common shares on the Toronto Stock Exchange for the period ended July 9, 2010, less a discount of 15%. Following closing, $95,000 of the outstanding principal will be converted into 22,166 common shares, which shares will be refundable to the Corporation if the remaining principal is not fully converted by December 9, 2011." More
- August 17, 2010 | Item | ShareThis
Scorpio Mining posts Q2 loss on higher costs - "Canadian mineral explorer Scorpio Mining Corp (SPM.TO) posted a quarterly net loss, hit by higher operating costs, sending its shares down nearly 7 percent.
The company expects to achieve its third-quarter throughput target of 90,000 tonnes, and said it sees its 2010 throughput and produced metals targets to be within reach." More
- August 17, 2010 | Item | ShareThis
Gammon Gold Announces Discovery of New Drill Target at the Venus Project and Provides an Update on the Continued Progress at Guadalupe y Calvo - "Gammon Gold Inc. ("Gammon") (TSX:GAM.to - News) is pleased to announce the discovery of an encouraging new drill target at the Venus project located in the Ocampo - Pinos Altos region, as well as update on the continued progress at the advanced Guadalupe y Calvo development property." More
- August 17, 2010 | Item | ShareThis
International Tower Hill Reports Latest Results from 22 Drill Holes at the Expanding Livengood Gold Deposit, Alaska - "International Tower Hill Mines Ltd. ("ITH" or the "Company") is pleased to announce the results from the latest 22 drill holes completed in its 50,000-metre Summer 2010 Livengood Exploration Program. The Summer 2010 drill program is focused on converting resources to the measured and indicated categories through infill drilling, as well as step-out resource expansion and testing of "new deposit" exploration targets within the overall district." More
- August 17, 2010 | Item | ShareThis
Activities at Coeur's San Bartolomé Silver Mine in Bolivia Return to Normal - "Mining activities at Coeur d’Alene Mines Corporation’s (NYSE:CDE - News) (TSX:CDM - News) (ASX:CXC - News) San Bartolomé silver mine have now returned to normal following several days of civic unrest in the nearby city of Potosi, Bolivia." More
- August 17, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Tuesday, 17 August 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Oil
