-- Posted Monday, 23 August 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1226.60 | -$0.70 |
Silver | $18.00 | +$0.02 |
XAU | 175.84 | -1.29% |
HUI | 462.43 | -1.27% |
GDM | 1404.71 | -1.12% |
JSE Gold | 2460.12 | -4.76 |
USD | 83.21 | +0.15 |
Euro | 126.63 | -0.45 |
Yen | 117.32 | +0.57 |
Oil | $73.10 | -$0.72 |
10-Year | 2.607% | -0.005 |
T-Bond | 134.125 | +0.125 |
Dow | 10174.41 | -0.38% |
Nasdaq | 2159.63 | -0.92% |
S&P | 1067.36 | -0.40% |
The Metals:
Gold saw slight gains in Asia before it fell back off in London and midmorning New York trade to as low as $1221.60 by about 11AM EST, but it then rallied back higher into the close and ended with a loss of just 0.06%. Silver fell to as low as $17.875 by late morning in New York before it also rallied back higher in the last couple of hours of trade and ended with a gain of 0.11%.
Euro gold rose to about €968, platinum lost $6.50 to $1500.50, and copper remained at about $3.29.
Gold and silver equities fell over 1% by late morning before they rebounded a bit, but they still ended with modest losses.
The Economy:
There were no major economic reports today. Tomorrow at 10AM EST brings Existing Home Sales for July expected at 4,720,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index and treasuries found slight gains ahead of this week’s $102 billion in debt auctions that begin tomorrow with a $37 billion auction of 2-year notes.
The Dow, Nasdaq, and S&P waffled near unchanged and ended modestly lower as decent company news somewhat offset persistent worries over the economy.
Among the big names making news in the market today were AIG, Potash, and HP and 3Par.
GATA Posts:
Alen Mattich: Inflation via competitive devaluations may be only way out
Eureka moment for stubborn Yukon prospector who wouldn't give up
Meanwhile, the gold market riggers don't even get their hands dirty
Gene Arensberg: Large commercials not aggressively short gold yet
James Turk: Manipulating the silver market
Ted Butler's weekly interview with King World News
Resource demand spurs M&A deal surge
The Statistics:
Activity from: 8/20/2010
Gold Warehouse Stocks: | 10,868,689 | -32,169 |
Silver Warehouse Stocks: | 111,510,703 | +162,403 |
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 | 1299.468 | 41,779,209 | US$51,206m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 126.63 | 4,071,226 | US$4,986m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,645 | US$560m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.36 | 1,587,055 | US$1,933m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,970 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: The LSE added 0.67 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 93.98 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9151.03 - No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) sale of 5 million common shares in Volta Resources, Banro’s (BAA) restructuring of its executive management group, Capital Gold’s (CGC) production and operational outlook, Paramount’s (PZG) acquisition of X-Cal Resources Ltd., Great Basin’s (GBG) mineral resource update, Excellon’s (EXN.TO) suspended production, Avino’s (ASM.V) operational milestone, and Alexco’s (AXU) Type A Water Use License were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +17.59% $2.34 |
2. Mines MGMT | MGN +6.83% $1.72 |
3. Minco Gold | MGH +4.00% $1.04 |
LOSERS
1. Claude | CGR -5.31% $1.07 |
2. Paramount | PZG -4.58% $1.25 |
3. Coeur | CDE-4.33% $15.70 |
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:
Laurion Announces Aggressive Drill Program on Bell Mountain Gold Project, Nevada - More
- August 23, 2010 | Item | ShareThis
Imperial Metals: Huckleberry Mine Resumes Operations - More
- August 23, 2010 | Item | ShareThis
Prospecting Identifies New Pegmatite Targets at Brazil Lake - More
- August 23, 2010 | Item | ShareThis
NGEx Intersects 13 m of 3.3% Copper, 5.6% Zinc 1.8g/t Gold, 46g/t Silver at Aradaib Prospect, Eritrea - More
- August 23, 2010 | Item | ShareThis
Randgold Resources Announces Disposal of 5 000 000 Common Shares in Volta Resources Inc - "Randgold Resources Limited sold a further 5 million common shares in Volta Resources Inc ("Volta") at a price of CAD$1.50 per common share on Monday 16 August 2010. The total proceeds payable to Randgold were CAD$7.5 million (US$7.2 million). The cash proceeds received will be used for general corporate purposes." More
- August 23, 2010 | Item | ShareThis
Dauntless Capital Corp. Completes Filing Statement For Proposed Qualifying Transaction - More
- August 23, 2010 | Item | ShareThis
Garrison Provides Tovshiir Site Progress Update and Resignation of Director - More
- August 23, 2010 | Item | ShareThis
Inspiration Appoints Victor Cantore to the Board of Directors - More
- August 23, 2010 | Item | ShareThis
Galahad Metals Inc.: New East-West Zone at Bottle Creek - More
- August 23, 2010 | Item | ShareThis
Buchans Minerals engages Wardrop Engineering to complete preliminary mine plan for Lundberg & Engine House resources - More
- August 23, 2010 | Item | ShareThis
Soltoro Identifies Acanthite and Awards Contract to Carry Out Further Metallurgical Testing at El Rayo - More
- August 23, 2010 | Item | ShareThis
Selwyn Project Receives Amended Mining Land Use Permit - More
- August 23, 2010 | Item | ShareThis
MANTIS MINERAL CORP. PROPOSES AMENDMENTS TO WARRANTS - More
- August 23, 2010 | Item | ShareThis
Fortune Minerals announces railway development strategy for Mount Klappan metallurgical coal project - More
- August 23, 2010 | Item | ShareThis
Dia Bras Development Drift Reaches El Gallo Deposit at the Bolivar Property - More
- August 23, 2010 | Item | ShareThis
Houston Lake Mining Announces Potential New Gold Zone is Confirmed by Channel Samples on Robertson Prospect at its West Cedartree Project - More
- August 23, 2010 | Item | ShareThis
Galantas Reports Results for Second Quarter 2010 - More
- August 23, 2010 | Item | ShareThis
NSGOLD CORPORATION ADOPTS 2010 STOCK OPTION PLAN - More
- August 23, 2010 | Item | ShareThis
Probe Mines Announces Initial Resource Estimate for Its Black Creek Chromite Deposit; Commences Phase III Drilling; Borden Lake Update - More
- August 23, 2010 | Item | ShareThis
Tagish Lake announces receipt of proposal from YS Mining Company Inc. - More
- August 23, 2010 | Item | ShareThis
La Mancha Intersects Grades of Up to 135 g/t Au at Its Fetekro Property in Cote d'Ivoire - More
- August 23, 2010 | Item | ShareThis
Hana Mining Shareholders Approve Arrangement Agreement - More
- August 23, 2010 | Item | ShareThis
Mineral Deposits Limited: De-Merger Proposal - More
- August 23, 2010 | Item | ShareThis
Pro-Or Grants Option to Everett for 50% Interest in Menarik Poly-Metallic Property - More
- August 23, 2010 | Item | ShareThis
Evolving Gold Reports First 2010 Assay Results from Rattlesnake Hills; 128.1 Meters at 1.16 gpt Au in Hole RSC-099; Includes 42.6 Meters at 2.40 gpt Au - More
- August 23, 2010 | Item | ShareThis
Nevada Geothermal Power Inc. Announces Settlement with Ormat - More
- August 23, 2010 | Item | ShareThis
Acrex extends priority gold target on its Spanish Mountain Property - More
- August 23, 2010 | Item | ShareThis
Gold American Mining Corp. Announces Geological Engineer's Appointment - More
- August 23, 2010 | Item | ShareThis
Erin to sell Belize Gold Project - More
- August 23, 2010 | Item | ShareThis
Advanced Explorations Inc. Acquires Additional Targets - More
- August 23, 2010 | Item | ShareThis
Adex Announces Private Placement and Project Funding Agreement - More
- August 23, 2010 | Item | ShareThis
Radius Provides Sixty Mile Project Update - More
- August 23, 2010 | Item | ShareThis
Lateegra Strengthens Board - More
- August 23, 2010 | Item | ShareThis
Dynasty Completes First Shipment of Gold from Ecuador to Canadian Refinery - More
- August 23, 2010 | Item | ShareThis
Bold Ventures Acquires Claims on the North Side of the Ring of Fire - More
- August 23, 2010 | Item | ShareThis
New Pacific Offer for Tagish Lake Gold Corp.-Update - More
- August 23, 2010 | Item | ShareThis
Kiska Delivers Whistler Trigger Program Report to Kennecott - More
- August 23, 2010 | Item | ShareThis
X-Cal Shareholder Vote Approves Plan of Arrangement With Paramount - More
- August 23, 2010 | Item | ShareThis
Lara Exploration Ltd.: Updated Technical Report for the Lara Copper Project, Peru - More
- August 23, 2010 | Item | ShareThis
Bayswater: Drill Results From Collins Bay Extension Project in Athabasca Basin - More
- August 23, 2010 | Item | ShareThis
Willow Creek Corporate Update II - More
- August 23, 2010 | Item | ShareThis
Pitchstone Begins Uranium Drilling Program in Namibia - More
- August 23, 2010 | Item | ShareThis
Mineral Mountain Resources Ltd. Engages Kin Communications - More
- August 23, 2010 | Item | ShareThis
Vena Resources Files NI 43-101 Report on Azulcocha Zn/Mn Project-Increases Measured and Indicated Resources to 3.75 Million Tonnes - More
- August 23, 2010 | Item | ShareThis
Largest single shareholder of Tagish Lake Gold Corp. corrects disclosure with respect to unsolicited offer. New Pacific Metals Corp. attempts to correct - More
- August 23, 2010 | Item | ShareThis
Banro restructures its executive management group and completes the staffing of its project development team - "Banro Corporation ("Banro" or the "Company") (NYSE AMEX - "BAA"; TSX - "BAA") announces that the Company has completed the restructuring of its executive management group and has fully staffed the mine development team responsible for constructing the Company's wholly-owned Twangiza "Phase I" gold mine in the Democratic Republic of the Congo (the "DRC")." More
- August 23, 2010 | Item | ShareThis
Excellon Temporarily Suspends Production at Platosa - "Excellon Resources Inc. (TSX:EXN - News) announces that it has temporarily suspended production at the Platosa Mine while it seals a large water-bearing fissure encountered during routine operations on August 18th. Immediately following the water inflow mining crews began construction of concrete walls to aid in water containment and on August 19th it was decided to allow the workings to fill with water in order to create a stable environment and allow grouting operations to commence. A grouting hole was completed by surface diamond drilling on August 21st and grouting began on Sunday August 22nd. No employees were injured during the inflow and all mobile and other valuable equipment was brought to surface in an orderly manner." More
- August 23, 2010 | Item | ShareThis
Capital Gold Corporation Provides Production and Operational Outlook for Fiscal 2011 - "Capital Gold Corporation (NYSE Amex: CGC; TSX: CGC) ("The Company") today provided a production and operational outlook for fiscal 2011 (August 1, 2010 to July 31, 2011) at the Company's mining projects in Mexico, including the El Chanate open pit mine in Sonora, the Saric exploration property that is also in Sonora and the Orion project in the State of Nayarit." More
- August 23, 2010 | Item | ShareThis
Paramount Gold and Silver Corp. Closes Acquisition of X-Cal Resources and the Sleeper Gold Project - "Further to our press release dated June 22, 2010, Paramount Gold and Silver Corp. (TSX:PZG - News)(NYSE:PZG - News) (Frankfurt:PG6 - News)(WKN: A0HGKQ) ("Paramount") advises that its previously announced acquisition of X-Cal Resources Ltd. (TSX:XCL - News)("X-Cal") has been approved by 100% of the X-Cal shareholders present or represented by proxy at its recent meeting. The Supreme Court of British Columbia has approved the transaction and the acquisition is now closed." More
- August 23, 2010 | Item | ShareThis
Avino Reaches Operational Milestone - "Avino Silver & Gold Mines Ltd. (TSX VENTURE:ASM - News; OTCBB:ASGMF - News; BERLIN:GV6 - News; FRANKFURT:GV6 - News) is pleased to announce that it has entered into an agreement with MRI Trading AG for the sale of all the copper concentrates produced from stockpiled material that remains on-site from previous mining. This material is currently being used to commission the refurbished 250tpd mill circuit in preparation for the treatment of the 10,000 tonne bulk sample from the underground development at San Gonzalo slated for later this year." More
- August 23, 2010 | Item | ShareThis
Great Basin Provides Mineral Resource Update for its Burnstone Gold Project in South Africa - "The updated mineral resource estimate, inclusive of all drilling and underground evaluation up to June 30, 2010 and at a range of cutoffs, is tabulated below. At a cutoff of 400 cmg/t the total Measured and Indicated Resources has increased by 3% from approximately 11.7 million ounces to 12.1 million ounces of gold." More
- August 23, 2010 | Item | ShareThis
Alexco Issued Type A Water Use Licence, Sets Plans to Commence Silver Production at Keno Hill - "Alexco Resource Corp. (TSX:AXR - News)(AMEX:AXU - News) ("Alexco" or the "Company") is pleased to report that the Yukon Water Board has issued a Type A Water Use Licence for Alexco's wholly owned Bellekeno mine and mill project, located within the Keno Hill Silver District in Canada's Yukon Territory. The Water Use Licence is the final permit required by Alexco to commence commercial mine operations and concentrate production from the Bellekeno mill, currently approaching construction completion." More
- August 23, 2010 | Item | ShareThis
Newscrest Mining and Lihir Gold merge - "Australia's two biggest gold miners have combined forces, creating one of the world's largest producers of the precious metal.
Newcrest Mining, Australia's largest home-grown gold company, today completed its takeover of the country's number two, Lihir Gold." More
- August 23, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Monday, 23 August 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed and Near Unchanged
