-- Posted Thursday, 2 September 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1251.00 | +$5.30 |
Silver | $19.52 | +$0.16 |
XAU | 186.41 | +1.17% |
HUI | 488.01 | +1.36% |
GDM | 1478.35 | +1.42% |
JSE Gold | 2478.58 | +35.10 |
USD | 82.40 | -0.09 |
Euro | 128.25 | +0.15 |
Yen | 118.70 | +0.28 |
Oil | $75.02 | +$1.11 |
10-Year | 2.628% | +0.046 |
T-Bond | 133.9375 | -0.65625 |
Dow | 10320.10 | +0.49% |
Nasdaq | 2200.01 | +1.06% |
S&P | 1909.10 | +0.91% |
The Metals:
Gold traded mostly slightly higher in Asia and London and rose to as high as $1253.05 by about 9:30AM EST in New York before it fell back off a bit in choppy trade into the close, but it still ended with a gain of 0.43%. Silver climbed to a new 3 month high at as high as $19.66 before it also fell back off slightly in the last 4 hours of trade, but it still ended with a gain of 0.83%.
Euro gold rose to about €976, platinum gained $18.50 to $1545.50, and copper added another couple of cents to about $3.49.
Gold and silver equities rose over 1% by midmorning and remained near their highs into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 8/28 | 472K | 475K | 478K |
Productivity | Q2 | -1.8% | -1.7% | -0.9% |
Unit Labor Costs | Q2 | 1.1% | 1.1% | 0.2% |
Pending Home Sales | July | 5.2% | 0.0% | -2.8% |
Factory Orders | July | 0.1% | 0.3% | -0.6% |
Mortgage rates hit decades-low of 4.32 percent Yahoo
Tomorrow at 8:30AM EST brings August’s jobs data. Nonfarm Payrolls are expected at -120,000, the Unemployment Rate is expected at 9.6%, Hourly Earnings are expected at 0.1%, and the Average Workweek is expected at 34.2. At 10AM is the ISM Services report for August expected at 53.0.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on decent economic data, worries about hurricanes and developing tropical storms in the Gulf of Mexico, and mixed reports over a new rig platform explosion and a possible oil sheen in the Gulf of Mexico.
The U.S. dollar index saw modest losses as traders positioned themselves ahead of tomorrow’s jobs report.
Treasuries fell as the Dow, Nasdaq, and S&P traded mostly slightly higher on decent economic data.
Among the big names making news in the market today were Avis and Dollar Thrifty, 3Par, HP, Dell, AOL, Sony, Verizon, and Burger King.
GATA Posts:
China central bank researcher suspects 'intensive gold sales' by U.S.
New York Sun: As dollar diminishes, why shouldn't gold be audited?
Fox News takes Kitco's Ron Paul gold audit story national
The Statistics:
Activity from: 9/01/2010
Gold Warehouse Stocks: | 10,820,796 | - |
Silver Warehouse Stocks: | 110,221,595 | -90,443 |
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 | 1304.028 | 41,925,808 | US$52,323m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 127.05 | 4,084,760 | US$5,106m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 127.04 | 4,084,552 | US$5,105m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,594 | US$572m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.60 | 1,594,626 | US$1,988m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,970 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.52 tonnes and the LSE added 0.21 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 95.39: +0.38 tonne change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9280.40: +53.27 tonne change from yesterday’s data.
The Miners:
Fronteer’s (FRG) drilling and Metalline’s (MMG) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Tanzanian Royalty | TRE +9.35% $6.08 |
2. Mines MGMT | MGN +8.57% $1.90 |
3. Mino Gold | MGH +6.48% $1.15 |
LOSERS
1. DRDGOLD | DROOY-1.96% $4.00 |
2. Entree | EGI -1.63% $2.42 |
3. US Gold | UXG -1.33% $5.20 |
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:
Focus Metals: Exploration Activities on the Quebec Kwyjibo Property and Welcomes a New Board Member and Chairman - More
- September 02, 2010 | Item | ShareThis
PBX Announces Grant of Options - More
- September 02, 2010 | Item | ShareThis
Stina Reports on Trench Results, Outlines Diamond Drill Targets for Dime - More
- September 02, 2010 | Item | ShareThis
Skyline Announces Grant of Stock Options - More
- September 02, 2010 | Item | ShareThis
Orosur Mining Inc. Announces 2010 Fourth Quarter and Full Year Earnings and Investor Update Conference Call and Web Cast - More
- September 02, 2010 | Item | ShareThis
Coastal Pacific Mining Corp. Announces Appointments to the Board of Directors - More
- September 02, 2010 | Item | ShareThis
Nevada Geothermal Power Announces Private Placement, Total Funds C$10,000,000 - More
- September 02, 2010 | Item | ShareThis
Liberty Star Sued by Warrant Holders - More
- September 02, 2010 | Item | ShareThis
Del Toro Silver Announces New Board Member - More
- September 02, 2010 | Item | ShareThis
USEC, Toshiba and B&W Close on First Phase of Strategic Investment - More
- September 02, 2010 | Item | ShareThis
Serengeti Resources Approved for Tier 1 Listing, Appoints Principal Consulting Geologist - More
- September 02, 2010 | Item | ShareThis
Colossus Minerals Inc. Announces COOMIGASP Shareholder Approval of Transfer of Mineral Rights to the Joint Venture Company and Start of Underground Development - More
- September 02, 2010 | Item | ShareThis
VMS Updates Reed Lake Drilling and Its Plans for Sails Lake, Morton Lake and the Copper Project - More
- September 02, 2010 | Item | ShareThis
Nevada Sunrise Signs Agreement on Pinnacle Gold Property - More
- September 02, 2010 | Item | ShareThis
Matamec Identifies 2 Large Rare-Earths and Niobium Soil Anomalies in the Surprise Showing Area - More
- September 02, 2010 | Item | ShareThis
Radius Project Update - Drilling Commences at Sixty Mile - More
- September 02, 2010 | Item | ShareThis
Rare Earth Metals Options Strategic Claims in the Red Wine Complex - More
- September 02, 2010 | Item | ShareThis
TIGRIS URANIUM CORP. COMMENCES TRADING AS "TU" ON THE TSX VENTURE EXCHANGE - More
- September 02, 2010 | Item | ShareThis
Bullion Monarch Mining Announces Drill Results From Bom Jesus Property in Brazil - More
- September 02, 2010 | Item | ShareThis
Northern Gold Intersects 26.75 Meters at 1.5 g/t Au, 43 Meters at 1.0 g/t Au and 7 Meters at 2.7 g/t Au on Current In-Fill Drill Program - More
- September 02, 2010 | Item | ShareThis
Volta Confirms Continuity and Extends KHZ Zone in Central Area of the Kiaka Gold Project - More
- September 02, 2010 | Item | ShareThis
Lundin Announces Amendment to Credit Agreement to Increase Facility to US$300 Million and Extend Term to 2013 - More
- September 02, 2010 | Item | ShareThis
First Nickel Completes US$5 Million Bridge Loan Facility - More
- September 02, 2010 | Item | ShareThis
Ucore Rare Metals Inc.: Federal Agency Increases Involvement in Bokan Heavy Rare Earth Project - More
- September 02, 2010 | Item | ShareThis
Trevali Closes $3.76-Million Private Placement Financing - More
- September 02, 2010 | Item | ShareThis
Areva Reports on Waseco's Labrador Trough Uranium Prospects - More
- September 02, 2010 | Item | ShareThis
EurOmax Applies to the British Columbia Supreme Court - More
- September 02, 2010 | Item | ShareThis
Prophecy Secures $10 Million Loan to Advance Ulaan Ovoo Coal Mine, Mongolia - More
- September 02, 2010 | Item | ShareThis
Eagle Hill Announces Exercise of Warrants and Upcoming Expiry of Warrants - More
- September 02, 2010 | Item | ShareThis
Mutiny Advises ATW Gullewa Drilling to Commence in October - More
- September 02, 2010 | Item | ShareThis
Richfield Drills 281.8 metres @ 1.40 g/t Au, including 31 metres of 5.01 g/t Au Extends Blackwater Bulk Tonnage Gold Discovery to the East and West - More
- September 02, 2010 | Item | ShareThis
Luna Gold Defines 10 Exploration Targets at Aurizona Main - More
- September 02, 2010 | Item | ShareThis
Paladin Energy Ltd Lodges Formal Bidders Statement Regarding Takeover Offer for NGM Resources Limited - More
- September 02, 2010 | Item | ShareThis
B2Gold Corp. Announces Option Agreement on the Cebollati Gold Property, Uruguay and Positive Initial Trench Results - More
- September 02, 2010 | Item | ShareThis
Blackstone Announces Results from Annual General Meeting - More
- September 02, 2010 | Item | ShareThis
Marathon's Initial Barge Drilling Hits Near Surface Gold Mineralization at Leprechaun; 4.68 g/t Gold across 10 m (core width) - More
- September 02, 2010 | Item | ShareThis
Initial Barge Drilling Hits More Near Surface Gold Mineralization at Mountain Lake's Leprechaun Deposit - More
- September 02, 2010 | Item | ShareThis
Canasia's "Clone Gold Prospect" Starts Drilling Operations - More
- September 02, 2010 | Item | ShareThis
Metalline Reports Drill Results from the Shallow Silver-Zinc Zone Sierra Mojada Project, Coahuila, Mexico - "Metalline Mining Company (NYSE Amex: MMG; MMZ: Toronto Stock Exchange) is pleased to announce drilling results from commercial assaying of drill samples from 2009 and the initial commercial assay results from 2010 at the shallow silver-zinc resource area from the Sierra Mojada Project located in Coahuila, Mexico. Results reported below are at a 30 gpt Ag or 1% Zn external cut-off. Individual assay intervals ranged from 0.1 meter to 1 meter in length. A halo of variable thickness of 10-30 gpt Ag and less than 1.0% Zn surrounds the intercepts reported below." More
- September 02, 2010 | Item | ShareThis
Fronteer Gold Inc.: Drilling Begins at TV Tower Gold Project in Turkey - "Fronteer Gold (TSX:FRG - News)(AMEX:FRG - News) announces today that Teck Resources Limited's Turkish subsidiary, ("TMST"), our 60% joint venture partner and project operator, has commenced a 5,000 metre drill program on the TV Tower Gold Project in Northwestern Turkey. TV Tower is located within the Biga Peninsula, approximately 15 kilometres northwest of Fronteer Gold and TMST's Halilaga copper-gold porphyry deposit." More
- September 02, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Thursday, 2 September 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Oil and Stocks
