-- Posted Thursday, 23 September 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1294.30 | +$3.80 |
Silver | $21.17 | +$0.17 |
XAU | 196.42 | -0.74% |
HUI | 504.92 | -0.97% |
GDM | 1537.89 | -0.92% |
JSE Gold | 2556.98 | +20.93 |
USD | 80.08 | +0.27 |
Euro | 133.20 | -0.81 |
Yen | 118.56 | +0.27 |
Oil | $75.18 | +$0.47 |
10-Year | 2.555% | +0.007 |
T-Bond | 132.75 | +0.03125 |
Dow | 10662.42 | -0.72% |
Nasdaq | 227.08 | -0.32% |
S&P | 1124.83 | -0.83% |
The Metals:
Gold fell to as low as $1286.80 in London, but it then rallied back higher for most of trade in New York and ended near its late morning high of $1295.82 with a gain of 0.29% at a new record high. Silver fell to as low as $20.84 by a little after 8AM EST, but it then rallied back higher for most of the rest of trade and ended near its late morning high of $21.23 with a gain of 0.81% at a new 30-year closing high.
Euro gold rose to about €969, platinum gained $11.75 to $1638.75, and copper climbed another couple of cents to about $3.58.
Gold and silver equities fell almost 2% in the first hour of trade before they rallied back to see slight gains by midday, but they then fell back off in late trade and ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 9/18 | 465K | 450K | 453K |
Leading Indicators | Aug | 0.3% | 0.1% | 0.1% |
Existing Home Sales | Aug | 4.13M | 4.10M | 3.84M |
Tomorrow at 8:30AM EST brings Durable Goods Orders for August expected at -1.4%. Excluding transportation, orders are expected at 0.6%. At 10AM is the New Home Sales report for August expected at 291,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil climbed back above $75 a barrel in late trade on hopes for rebounding energy demand.
The U.S. dollar index saw slight gains in relief of significant losses seen over the last two days.
Treasuries rose as the Dow, Nasdaq, and S&P fell on the larger than expected jump in jobless claims.
Among the big names making news in the market today were Verizon, Blockbuster, McDonald’s, and Rite Aid.
GATA Posts:
James Turk: Dollar is ready to plummet
Dan Norcini: Gold is the battle for economic supremacy
Don't trade yourself out, Turk warns precious metals investors
The Statistics:
Activity from: 9/22/2010
Gold Warehouse Stocks: | 10,816,738 | -3,354 |
Silver Warehouse Stocks: | 110,840,638 | -1,192,965 |
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 | 1304.168 | 41,930,319 | US$54,107m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 125.42 | 4,032,366 | US$5,216m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 127.89 | 4,111,915 | US$5,319m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,487 | US$591m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.86 | 1,570,819 | US$2,032m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,969 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: The LSE subtracted 0.55 tonnes, the LSE ETFS subtracted 0.15 tonnes, and the JSE added 0.36 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 98.75 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9509.55 - No change from yesterday’s data.
The Miners:
Entree Gold’s (EGI) discovery, Goldcorp’s (GG) donation, and Gold Fields’ (GFI) guidance and annual report were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Entree | EGI +10.5% $2.63 |
2. Vista Gold | VGZ+5.86% $2.35 |
3. Taseko | TGB +4.23% $4.93 |
LOSERS
1. Tanzanian Royalty | TRE -6.28% $6.87 |
2. US Gold | UXG -4.05% $4.98 |
3. Nevsun | NSU -3.83% $4.77 |
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:
Merrex Gold-New Gold-Anomalous Trends Developing at Siribaya Gold Project - More
- September 23, 2010 | Item | ShareThis
Supreme Drilling Encounters Sulphide Mineralization - More
- September 23, 2010 | Item | ShareThis
Southern Silver to Acquire Silver-Lead-Zinc Project in Durango, Mexico - More
- September 23, 2010 | Item | ShareThis
Fancamp Announces Closing of First Tranche of Financing - More
- September 23, 2010 | Item | ShareThis
ALPHA GOLD RECEIVES 2009 BEST RECLAMATION AWARD FROM THE PROVINCE - More
- September 23, 2010 | Item | ShareThis
Matamec Intersects Mineralized Zones up to 16.45 Meters Thick Grading 0.954% TREO, 38% + HeavyREO Y2O3/TREO and 1.304% ZrO2 - More
- September 23, 2010 | Item | ShareThis
Geophysical Surveying by Malbex Expands Potential of Rojo Grande and Identifies New Drill Targets at Del Carmen Norte - More
- September 23, 2010 | Item | ShareThis
Philippine Metals Begins Drilling on Taurus Project - More
- September 23, 2010 | Item | ShareThis
AndeanGold Announces $1.5 Million Non-Brokered Private Placement - More
- September 23, 2010 | Item | ShareThis
Caerus Resource Sets the Record Straight on Buritica Gold Project - More
- September 23, 2010 | Item | ShareThis
Salazar Resources Limited: Mr. James Mayor Appointed Senior Geological Consultant - More
- September 23, 2010 | Item | ShareThis
Valencia Closes Acquisition of the Agnew Lake Uranium-Rare Earth Property - More
- September 23, 2010 | Item | ShareThis
Metanor Resources Inc.: Drilling Campaign of 25,000 Meters to Continue to Grow the Resource at Barry - More
- September 23, 2010 | Item | ShareThis
EntrÉE Gold Discovers New Mineralized Porphyry Copper System at Yerington, Nevada - "Entrée Gold Inc. (TSX:ETG; NYSE AMEX:EGI; Frankfurt:EKA - "Entrée" or the "Company") provides an update on its on-going exploration programs in the Yerington district of Nevada. The company is exploring a large tract of land in the western portion of the developing Yerington copper camp. The highlight of Entrée's program to date is the discovery of a new mineralized porphyry copper occurrence. This previously unknown mineralized system lies within the Roulette property, which is subject to an option agreement with Bronco Creek Exploration Inc. (a wholly-owned subsidiary of Eurasian Minerals Inc. - TSX.V:EMX - collectively "Bronco Creek")." More
- September 23, 2010 | Item | ShareThis
Aldrin Resource Update on Yukon Exploration Program - More
- September 23, 2010 | Item | ShareThis
Dorato Receives Highly Positive Lucero Results From Cordillera del Condor, NW Peru - More
- September 23, 2010 | Item | ShareThis
Northern Rand Enters Into Agreements to Acquire Tanzanian Properties - More
- September 23, 2010 | Item | ShareThis
StrikePoint Gold Inc. - Restatement of June 30, 2010 Interim Consolidated Financial Statements - More
- September 23, 2010 | Item | ShareThis
Golden Share Mining Corporation: Initiation of a 2000 Meter Diamond Drilling Campaign on the Lac Fortune West Gold Project, Quebec, Canada - More
- September 23, 2010 | Item | ShareThis
Excalibur Provides an Update of the Sturgeon Lake Exploration Program - More
- September 23, 2010 | Item | ShareThis
Duluth Metals Announces Ongoing Drill Results on Twin Metals Nokomis Joint Venture - More
- September 23, 2010 | Item | ShareThis
Eastmain Mine B Zone Drilling 12.2 Grams Per Tonne Au Over 9.5 Metres - More
- September 23, 2010 | Item | ShareThis
Bayswater Provides Exploration Update on Collins Bay Extension Project, Athabasca Basin - More
- September 23, 2010 | Item | ShareThis
Valterra Drills Toughnut Yielding 4.05 g/t Au over 8.0m - More
- September 23, 2010 | Item | ShareThis
Trueclaim Exploration Inc.: Significant Results from Successful Summer Field Work - More
- September 23, 2010 | Item | ShareThis
Bear Lake Gold Reports Drill Results at Larder Lake: Second Diamond Drill to Arrive Shortly - More
- September 23, 2010 | Item | ShareThis
Duluth Metals Announces Ongoing Drill Results on Twin Metals Nokomis Joint Venture - More
- September 23, 2010 | Item | ShareThis
Golden Predator Intercepts 22.86 m of 1.24 g/t Gold from Saddle Zone, Clear Creek Property, Yukon - More
- September 23, 2010 | Item | ShareThis
Firestone Ventures Defines 4 km Zinc Corridor on Antelope Property, Nevada - More
- September 23, 2010 | Item | ShareThis
Petaquilla Announces Closing of US$45 Million Prepaid Forward Gold Purchase Agreement with Deutsche Bank - More
- September 23, 2010 | Item | ShareThis
GOGOLD RESOURCES INITIATES EXPLORATION PROGRAM AT ITS RAMBLER PROJECT, NEWFOUNDLAND, CANADA - More
- September 23, 2010 | Item | ShareThis
RJK Explorations continues discussions for acquisition and funding Arrangement with a private Latin American group - More
- September 23, 2010 | Item | ShareThis
Apella Defeats SOQUEM Inc.'s Declaration of Intervention re Lac Dore Claims - More
- September 23, 2010 | Item | ShareThis
GOLDCORP DONATES $10 MILLION TO SIMON FRASER UNIVERSITY ARTS CENTRE IN VANCOUVER - "Goldcorp Inc. ("Goldcorp") (NYSE:GG, TSX:G) today announced a $10 million donation to the Simon Fraser University downtown campus. The gift will help Simon Fraser University contribute to the social, economic and cultural revitalization of Vancouver's Downtown Eastside. To acknowledge the gift, the university's new arts complex in the Woodward's redevelopment will be named the Goldcorp Centre for the Arts." More
- September 23, 2010 | Item | ShareThis
Crowflight Announces Private Placement Financing - More
- September 23, 2010 | Item | ShareThis
TAC Gold Corp.: News Release - More
- September 23, 2010 | Item | ShareThis
Queenston Reports 208.2 g/t Au Over 1.1 m, 184.5 g/t Au Over 1.3 m and 19.5 g/t Au Over 5.2 m From the Bidgood-Lebel Property - More
- September 23, 2010 | Item | ShareThis
Ressources Minieres Pro-Or Inc.: Sixteen New Showings From 2009 Program on the Menarik Property (James Bay) - More
- September 23, 2010 | Item | ShareThis
Midland Exploration and JOGMEC Discovers Two New Rare Earth Bearing Mineralized Systems on the Ytterby Project, South of Strange Lake, Quebec - More
- September 23, 2010 | Item | ShareThis
Crosshair Intersects 0.21% Vanadium Over 54.6 Metres - More
- September 23, 2010 | Item | ShareThis
Halo Extends Cold-Lost Mineralized Trend - More
- September 23, 2010 | Item | ShareThis
ValGold & Northern Gold Report Initial Gold Resource for Garrcon Zones at the Garrison Property - More
- September 23, 2010 | Item | ShareThis
Rare Element Presents to Key Wyoming Legislative Committee - More
- September 23, 2010 | Item | ShareThis
Yankee Hat Renegotiates Terms of JOGMEC JV Agreement and Shifts Focus to Fran Property, British Columbia - More
- September 23, 2010 | Item | ShareThis
Pacific Ridge Exploration Up-Date From South Klondike - More
- September 23, 2010 | Item | ShareThis
Columbus Options Four Nevada Gold Projects to Navaho Gold; Drilling Planned at Stevens Basin - More
- September 23, 2010 | Item | ShareThis
Skyline Gold Announces Positive Preliminary Assessment Report Update for Bronson Slope Gold-Copper-Silver-Magnetite Deposit - More
- September 23, 2010 | Item | ShareThis
Dalradian Receives Full and Final Release - More
- September 23, 2010 | Item | ShareThis
Full Metal Signs Option Agreement with Pebble Limited Partnership to Explore Pebble South Property, Alaska - More
- September 23, 2010 | Item | ShareThis
Millrock Samples 9.1 Grams Per Tonne Gold Over 27.4 Meters at Estelle Project, Alaska - More
- September 23, 2010 | Item | ShareThis
Thunder Mountain Gold, Inc. to Begin Trading on the TSX Venture Exchange on September 24, 2010; Completes US$1.2 Million Private Placement - More
- September 23, 2010 | Item | ShareThis
Zincore Achieves High Percentage Zinc Recoveries and Grades in Preliminary Pilot Plant Tests on Yanque Project Ores - More
- September 23, 2010 | Item | ShareThis
Lithium Corporation Increases Fish Lake Valley Claim Block, Prepares to Drill - More
- September 23, 2010 | Item | ShareThis
Alexis Issues Corporate Non-Disclosure Statement - More
- September 23, 2010 | Item | ShareThis
North Country Gold Corp. Final 2010 Drill Results; High-Grade Intercepts of 12.51 g/t Au over 19.41 m and 7.84 g/t over 10.00 m - More
- September 23, 2010 | Item | ShareThis
East Asia Minerals Advances Miwah's Block M Towards Moon River With 149.7 Metres of 1.05 g/t Gold - More
- September 23, 2010 | Item | ShareThis
GGL Resources Corp.: Annual Meeting Elects Five Directors, Private Placement Closes - More
- September 23, 2010 | Item | ShareThis
Virgin Metals Inc.: Confirms New Management - More
- September 23, 2010 | Item | ShareThis
Bralorne Gold Mines Ltd.: BK Zone 4th Lift Assays Range up to 5906.8 g/T of Au Over a Width of 0.4 Meters - More
- September 23, 2010 | Item | ShareThis
JNR Announces Completion of Airborne Gravity Survey on the Crackingstone Project - More
- September 23, 2010 | Item | ShareThis
Avion Gold Corporation: Tabakoto South Intercepts Expand Extent of Higher Grade Gold Zones - More
- September 23, 2010 | Item | ShareThis
Barkerville to Purchase Additional Gold Mill Facility in Central British Columbia - More
- September 23, 2010 | Item | ShareThis
Northern Gold Announces Significant NI 43-101 Resource Estimate on Garrcon Deposit, Brings Garrison Gold Property - More
- September 23, 2010 | Item | ShareThis
Talison Lithium to Commence Trading on TSX Under Symbol "TLH" - More
- September 23, 2010 | Item | ShareThis
ICS SELLS EMEW PLANT & EQUIPMENT FOR USD 1.5M - More
- September 23, 2010 | Item | ShareThis
Anglo Pacific Group plc - Agreement to Acquire Brazilian Iron Ore Production Royalty - More
- September 23, 2010 | Item | ShareThis
Pancon Updates Progress on Australian Uranium Properties; Phase 2 Drilling Has Begun at Charley Creek and Is About to Begin at Chilling - More
- September 23, 2010 | Item | ShareThis
WestCan Uranium Options Gold Property - More
- September 23, 2010 | Item | ShareThis
Encore Renaissance Negotiating for Property in New Gold Belt Discovery in Tanzania - More
- September 23, 2010 | Item | ShareThis
Robert Bryce Joins the Board of Directors of Bonterra Resources - More
- September 23, 2010 | Item | ShareThis
Rostock Ventures Corp.: Corporate Update - More
- September 23, 2010 | Item | ShareThis
Douglas Lake Acquires 100% Interest In 4 New Properties Directly Bordering Canaco In The Handeni District - More
- September 23, 2010 | Item | ShareThis
Gold Fields Guidance for September Quarter 2010 - "Total cash cost is expected to be approximately US$715/oz and notional cash expenditure (NCE) about US$1,020/oz. NCE is in line with the higher capital expenditure planned for the September and December quarters of 2010. Costs in South Africa during the September quarter were also impacted by the winter electricity tariffs. The guidance is based on an exchange rate of US$/R7.35 and A$/US$0.88." More
- September 23, 2010 | Item | ShareThis
Gold Fields Annual Report for the Financial Year to 30 June 2010 - "The report incorporates aspects of the Group's business, including reviews of the South African, West African, Australasian, South American operations, the Group's exploration and development projects, as well as detailed financial and corporate governance information." More
- September 23, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2010
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
-- Posted Thursday, 23 September 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Rise To New Highs Again
