-- Posted Wednesday, 18 August 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1229.60 | +$3.50 |
Silver | $18.38 | -$0.19 |
XAU | 180.84 | +1.95% |
HUI | 473.84 | +1.71% |
GDM | 1437.75 | +1.75% |
JSE Gold | 2457.61 | -28.27 |
USD | 82.26 | +0.02 |
Euro | 128.56 | -0.23 |
Yen | 117.08 | +0.18 |
Oil | $75.42 | -$0.35 |
10-Year | 2.641% | -0.004 |
T-Bond | 133.34375 | +0.4375 |
Dow | 10415.54 | +0.09% |
Nasdaq | 2215.70 | +0.28% |
S&P | 1094.16 | +0.15% |
The Metals:
Gold fell $5.85 to $1220.25 in Asia and climbed back higher in London to see a 20 cent gain at $1226.30 at about 9AM EST before it dropped off rather markedly in the next hour of trade and fell to as low as $1217.50 by midmorning in New York, but it then exploded back higher in the last few hours of trade and ended near its early afternoon high of $1232.32 with a gain of 0.29%. Silver fell to as low as $18.15 before it also rallied back higher, but it still ended with a loss of 1.02%.
Euro gold rose to about €955, platinum lost $9.59 to $1529.50, and copper rose slightly to about $3.35.
Gold and silver equities opened up the day with over 1% losses, but they then rallied back higher midday and ended with almost 2% gains.
Iran Imports 23 Tons of Gold in 4 Months, 22 Tons in the Previous Year Bloomberg
The Economy:
Home refinancing demand at highest in 15 months Yahoo
U.S. Treasury, Morgage-Lenders Seek to Keep Government Role in Housing Fix Bloomberg
There were no major economic reports today. Tomorrow at 8:30AM EST brings Initial Jobless Claims for 8/14 expected at 475,000 and at 10AM are Leading Economic Indicators for July expected at 0.2% and the Philadelphia fed survey for August expected at 7.5.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell after the Energy Information Administration reported that crude inventories fell a smaller than expected 800,000 barrels. Gasoline inventories were unchanged and distillates rose 1.1 million barrels.
The U.S. dollar index ended slightly higher while the pound rose on minutes from the Bank of England’s last meeting. The euro was mixed after a German bond auction drew strong demand.
Treasuries rose on “speculation the weakening economic recovery may prompt the Federal Reserve to boost debt purchases.”
The Dow, Nasdaq, and S&P eventually rose slightly on a modestly encouraging retail sales report from Target.
Among the big names making news in the market today were Target, GM, Deere, and BHP Billiton and Potash.
GATA Posts:
China doubles South Korean bond holdings as Asia switches from dollar
The Statistics:
Activity from: 8/17/2010
Gold Warehouse Stocks: | 10,963,549 | -63,737 |
Silver Warehouse Stocks: | 111,029,218 | +1,094,375 |
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 | 1294.604 | 41,622,809 | US$50,684m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 125.96 | 4,049,811 | US$4,975m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,670 | US$562m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.36 | 1,587,055 | US$1,933m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,971 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 6.689 tonnes , the LSE added 1.08 tonnes, and the JSE added 0.24 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:
Rubicon’s (RBY) drill results, Fronteer’s (FRG) drill results, and Newmont’s (NEM) IPO consideration were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Fronteer | FRG+14.24% $7.46 |
2. Minco Gold | MGH +9.05% $1.03 |
3. Aurizon | AZK +6.72% $6.35 |
LOSERS
1. Banro | BAA -8.57% $1.60 |
2. Mines MGMT | MGN-3.45% $1.68 |
3. Endeavour | EXK -2.91% $3.34 |
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:
Kodiak Drilling Expands the Milestone Project: 38.2 Metres Grading 1.02 gpt Gold - More
- August 18, 2010 | Item | ShareThis
Advanced Explorations Enters Into Option Agreement to Acquire Alaskan Iron Sands Project - More
- August 18, 2010 | Item | ShareThis
Selwyn Resources Announces Teleconference on CDN$100 Million Yunnan Chihong Investment - More
- August 18, 2010 | Item | ShareThis
Selwyn Closes CDN$100 Million Joint Venture Transaction With Chihong Zinc & Germanium - More
- August 18, 2010 | Item | ShareThis
Advanced Explorations Enters Into Option Agreement to Acquire Alaskan Iron Sands Project - More
- August 18, 2010 | Item | ShareThis
Condor Exploration Peru S.A.C. Wins Prestigious Award - More
- August 18, 2010 | Item | ShareThis
Dr. Colin Bowdidge Appointed President and CEO of Delta Uranium Inc. - More
- August 18, 2010 | Item | ShareThis
Coral Gold Resources Ltd.:Update From Robertson Property Drill Program - More
- August 18, 2010 | Item | ShareThis
Sheltered Oak Resources Corp. - Proposed Private Placement - More
- August 18, 2010 | Item | ShareThis
The Drills are now turning at Brazil Lake - More
- August 18, 2010 | Item | ShareThis
MAYA Acquires 100% of the Interests of the Amizmiz Property - More
- August 18, 2010 | Item | ShareThis
New Guinea Gold Appoints Michael Reynolds to Board - More
- August 18, 2010 | Item | ShareThis
Uranium North Begins Exploration Program on the Aura Gold Project - More
- August 18, 2010 | Item | ShareThis
EurOmax Reminds Shareholders to Vote their BLUE Proxy By Friday, August 20, 2010 - More
- August 18, 2010 | Item | ShareThis
Aldrin Begins Drilling at Longline Gold Project - More
- August 18, 2010 | Item | ShareThis
Romarco encounters 25.5 meters of 6.3 g/t gold at Horseshoe - More
- August 18, 2010 | Item | ShareThis
Golden Chalice Appoints Trygve Hoy, PhD, PEng, as VP of Exploration - More
- August 18, 2010 | Item | ShareThis
Cresval Capital Corp. Completes Access Trail and Begins Summer Work Program on Bridge River Property - More
- August 18, 2010 | Item | ShareThis
Magellan Drills 84m @ 1.24 g/t Gold and Extends Mineralized Zone by 600m at Moreira Gomes, Cuiu Cuiu Project, Brazil - More
- August 18, 2010 | Item | ShareThis
San Anton Announces Company Update on Proposed Business Combination With Kings Minerals - More
- August 18, 2010 | Item | ShareThis
Caledonia Option Exercise Prices Reduction Becomes Effective - More
- August 18, 2010 | Item | ShareThis
Alpha Gold Closes Flow-Through Private Placement - More
- August 18, 2010 | Item | ShareThis
Rare Element Makes Progress Toward a Commercial Process with Rare-Earths Metallurgical Testing - More
- August 18, 2010 | Item | ShareThis
Merrex Gold-Siribaya Drilling Hits Extension of Zone 1A - More
- August 18, 2010 | Item | ShareThis
Merc Operational Update - More
- August 18, 2010 | Item | ShareThis
Zincore Achieves High Percentage Zinc Recoveries and Grades in Pilot Plant Tests - More
- August 18, 2010 | Item | ShareThis
Glass Earth Gold Announces Financial Results and MD&A for 6 Months to 30 June 2010; Incentive Stock Options Granted - More
- August 18, 2010 | Item | ShareThis
Midlands Intersects 13.13 g/t Over 8 Meters Including 93.6 g/t Over One Meter on Sian, Ghana - More
- August 18, 2010 | Item | ShareThis
Goldeye-Temex Juby JV (GGY 40%, Temex 60%) Expands Program on Gold Property Adjacent to Creso's Minto Property - More
- August 18, 2010 | Item | ShareThis
Eaglecrest Acquires the Fredonia Project Area in Antioquia, Colombia - More
- August 18, 2010 | Item | ShareThis
Golden Hope Mines Limited Extends its 2010 Drill Campaign by an Additional 5000 Metres - More
- August 18, 2010 | Item | ShareThis
Asia Now Identifies More Copper-Gold-Molybdenum Porphyries at Habo - More
- August 18, 2010 | Item | ShareThis
Rockcliff's Initial Sampling at Gold Dust Property Yields High Grade Gold and Silver Results - More
- August 18, 2010 | Item | ShareThis
Yukon-Nevada Gold Corp. intersects additional strong gold mineralization at the Ketza River Project - More
- August 18, 2010 | Item | ShareThis
Amarc Provides Update on Programs Exploring for Major New Gold-Copper Deposits within the Plateau Gold-Copper Belt, British Columbia - More
- August 18, 2010 | Item | ShareThis
Continental Nickel Makes New Nickel Sulphide Discovery Intersecting 2.00% Nickel and 0.56% Copper Over 3.30 Metres - More
- August 18, 2010 | Item | ShareThis
Kootenay Announces Initial Resource Estimate; Plans to Proceed With $1.5 Million Multi-Phase Drill Program on Promontorio Silver Project - More
- August 18, 2010 | Item | ShareThis
Red Pine Exploration Identifies Three Immediate Gold Targets on Dome Mines Property; Ready to Commence Drilling Along DZ3 in the Swayze Greenstone Belt - More
- August 18, 2010 | Item | ShareThis
New Dimension Continues Sampling Program at Cenepa Gold Project, Peru - More
- August 18, 2010 | Item | ShareThis
Bear Lake Gold Announces Court Approval - More
- August 18, 2010 | Item | ShareThis
Romios' Status Report on Its Trek Property Drilling and Exploration Program in Northwestern British Columbia - More
- August 18, 2010 | Item | ShareThis
Champion Minerals Issues Updated Inferred Resource Estimate of 388 Million Tonnes Grading 29% Total Iron for Fire Lake North - More
- August 18, 2010 | Item | ShareThis
Abitex and Continental Nickel report new nickel discovery intersecting 2.00% Ni and 0.56% Cu at the St. Stephen Project - More
- August 18, 2010 | Item | ShareThis
VHGI Holdings, Inc. Reports Second Quarter Results in an Increase in Assets and Decrease of Liabilities and Arizona Gold Mining Operations Update - More
- August 18, 2010 | Item | ShareThis
Trade Winds Reports 10.77 g/t Au over 7.0 metres from Drilling on Block A - More
- August 18, 2010 | Item | ShareThis
Xmet Commences Sampling of Santa Fe Drill Core on Duquesne-Ottoman Property - More
- August 18, 2010 | Item | ShareThis
Castillian Commences Exploration Program at Hope Brook Gold Project, Newfoundland - More
- August 18, 2010 | Item | ShareThis
Serengeti Reports Additional Kwanika Drilling Results - More
- August 18, 2010 | Item | ShareThis
Guyana Goldfields Extends New Zones - 70m at 3.00 g/t Au at Aurora - More
- August 18, 2010 | Item | ShareThis
Medoro Completes First Stage of the Series of Transactions Leading to Its Joint Venture Interest in the High Grade Frontino Gold Mines in Colombia - More
- August 18, 2010 | Item | ShareThis
VG Gold Lists on OTCQX Market in the USA - More
- August 18, 2010 | Item | ShareThis
AuEx Ventures, Inc.: Long Canyon Drill Hole Delivers 0.296 opt Over 145 Feet - More
- August 18, 2010 | Item | ShareThis
Pitchstone Confirms New Uranium Occurrence at Wolverine - More
- August 18, 2010 | Item | ShareThis
Temex agrees to sell minority stake in Hornby and Pender Properties - More
- August 18, 2010 | Item | ShareThis
Requisition of EGM to remove directors of Luiri Gold Limited - More
- August 18, 2010 | Item | ShareThis
High-grade gold intercepts continue at Rubicon's F2 Core Zone, Red Lake, Ontario - "Rubicon Minerals Corporation (RMX:TSX: / RBY:NYSE-AMEX) is pleased to provide an update of the latest diamond drill results at its 100% owned Phoenix Gold Project, located in the heart of the prolific Red Lake Gold District of Ontario. All new drill results are shown in Table 1 and Figures 1 and 2. Emerging gold zone outlines of the F2 Gold System are shown in Figure 3." More
- August 18, 2010 | Item | ShareThis
Fronteer Gold Inc.: Drilling Along Northern Extension Intersects 44.2 Metres of 10.14 g/t Gold at Long Canyon, Nevada - "Fronteer Gold Inc. (TSX:FRG - News)(AMEX:FRG - News) provides an update on exploration and development activities at its Long Canyon gold project, including the reporting of significant intervals of high-grade oxide gold intersected northeast and southwest of the current resource area." More
- August 18, 2010 | Item | ShareThis
Newmont considers IPO for 10 pct of Indonesian unit - "PT Newmont Nusa Tenggara (NNT), the Indonesian unit of Newmont Mining Corp (NEM.N), on Thursday will seek shareholder approval to sell up to 10 percent of its shares in an initial public offering, company documents showed.
Newmont will be the third foreign miner to list its Indonesian unit locally, a move that the Indonesia stock exchange is keen to encourage in order to raise the market's profile and improve liquidity, particularly at a time when Indonesian stocks .JKSE are trading at close to a record high." More
- August 18, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Wednesday, 18 August 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed After Late Session Comeback
