-- Posted Friday, 22 October 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss | On Week |
Gold | $1324.50 | -$0.30 | -3.35% |
Silver | $23.12 | -$0.12 | -4.74% |
XAU | 196.82 | +0.17% | -4.48% |
HUI | 500.06 | +0.95% | -4.32% |
GDM | 1511.96 | +0.96% | -4.59% |
JSE Gold | 2496.17 | -17.00 | -1.52% |
USD | 77.43 | -0.03 | +0.58% |
Euro | 139.39 | +0.18 | -0.24% |
Yen | 122.90 | -0.03 | +0.07% |
Oil | $81.69 | +$1.13 | +0.43% |
10-Year | 2.563% | +0.032 | -0.50% |
Bond | 131.6875 | -0.125 | +0.50% |
Dow | 11132.56 | -0.13% | +0.63% |
Nasdaq | 2479.39 | +0.80% | +0.43% |
S&P | 1183.08 | +0.24% | +0.59% |
The Metals:
Gold fell over $10 in late Asian trade to as low as $1314.53 before it rallied back higher in London and saw a $3.55 gain at $1328.35 by about 9AM EST, but it then fell back off a bit in New York and ended with a loss of 0.02%. Silver fell to as low as $22.80 in late Asian trade before it also climbed back higher, but it still ended with a loss of 0.52%.
Euro gold rose to about €951, platinum gained $1 to $1668.50, and copper rose slightly to about $3.79.
Gold and silver equities saw about 1% losses in early trade, but they then climbed back higher for most of the rest of trade and ended with slight gains.
The Economy:
Fed buys $2.49 bln in Treasurys; bonds stay down MarketWatch
Jobless rate down in most states in September Reuters
Treasury Gets 36% Return Buying Toxic Mortgages Bloomberg
Geithner Push for Current Account Targets Splits G-20 Nations Bloomberg
All of this week’s economic reports:
NAHB Housing Market Index - October | 16 v. 13 |
Next week’s economic highlights include Existing Home Sales on Monday, the Case-Shiller 20-city Index, Consumer Confidence, and the FHFA Home Price Index on Tuesday, MBA Mortgage Applications, Durable Goods Orders, and New Home Sales on Wednesday, Initial Jobless Claims on Thursday, and GDP, the Employment Cost Index, Chicago PMI, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose as the U.S. dollar index ended with a slight loss ahead of his weekend’s G-20 meeting.
Treasuries saw slight losses while the Dow, Nasdaq, and S&P remained near unchanged on mixed earnings reports.
Among the big names making news in the market Friday were GE Healthcare, Verizon, AIG, and T. Rowe Price.
GATA Posts:
Ben Davies: Out of knowledge of money comes freedom
The Statistics:
Activity from: 10/21/2010
Gold Warehouse Stocks: | 11,180,991 | +6,708 |
Silver Warehouse Stocks: | 111,984,670 | -152,407 |
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 | 1298.266 | 41,740,536 | US$55,188m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 125.54 | 4,036,119 | US$5,338m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 130.02 | 4,180,125 | US$5,531m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,339 | US$605m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.33 | 1,585,975 | US$2,124m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,967 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.911 tonnes and the LSE subtracted 1.44 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 102.29 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,224.05 - No change from yesterday’s data.
The Miners:
Vista Gold’s (VGZ) closed private placement, Almaden’s (AAU) drilling, Allied Nevada’s (ANV) record gold sales, Aurizon’s (AZK) third quarter operating results, Freeport’s (FCX) contract review process, ECU Silver’s (ECU.TO) third quarter production, and Golden minerals’ (AUMN) closed public offering were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Golden Minerals | AUMN +15.68% $25.45 |
2. Mines MGMT | MGN +9.55% $2.41 |
3. NovaGold | NG +6.22% $9.57 |
LOSERS
1. Aurizon | AZK -7.77% $6.17 |
2. Kimber | KBX -3.85% $1.00 |
3. Freeport | FCX-2.47% $94.05 |
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:
Laurentian Goldfields Ltd. Announces $500,000 Non-Brokered Private Placement - More
- October 22, 2010 | Item | ShareThis
Oro Gold Announces Completion of Business Combination and Change of Name to Oro Mining Ltd. - More
- October 22, 2010 | Item | ShareThis
Ditem Explorations: Options Granted to President - More
- October 22, 2010 | Item | ShareThis
Vista Gold Corp. Announces Closing of Private Placement Financing - "Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" or the "Corporation") announces that it has closed its previously announced private placement of special warrants ("Special Warrants"). The Corporation issued an aggregate of 14,666,739 Special Warrants, for gross proceeds of U.S.$33,733,500. The proceeds from the financing have been placed into an escrow account with a Canadian financial institution and upon receipt of Shareholders' Approval (as defined below), the proceeds will be released to the Corporation and used for the following purposes: (i) to repurchase the U.S.$23 million principal amount of outstanding 10% senior secured convertible notes due March 4, 2011, (ii) the advancement of the Mt. Todd project, and (iii) for general corporate purposes." More
- October 22, 2010 | Item | ShareThis
SOLID GOLD TO COMMENCE TRADING ON THE TSX VENTURE EXCHANGE - More
- October 22, 2010 | Item | ShareThis
Pinnacle Capital Markets to provide Investor Relations Services to AQM Copper Inc. - More
- October 22, 2010 | Item | ShareThis
Orestone Announces Issuance of Shares Under Option Agreement - More
- October 22, 2010 | Item | ShareThis
Caldera Takes Positive Steps to Further Assert Its Rights on the Marjan Project - More
- October 22, 2010 | Item | ShareThis
St-Georges Platinum Announces Changes to the Board of Directors and Grant of Options - More
- October 22, 2010 | Item | ShareThis
Almaden Minerals Ltd.: Goldgroup Announces Caballo Blanco Drilling Underway - "Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM - News)(AMEX:AAU - News) is pleased to report that Goldgroup Mining Inc. (TSX: GGA; "Goldgroup") has announced that drilling has now commenced on Almaden's Caballo Blanco project in Veracruz State, Mexico as part of Goldgroup's US$8.5 Million 30,000 metre drilling and exploration program previously described by the Company in its news release of September 14, 2010. Goldgroup has an option to acquire a 70% interest in the Caballo Blanco project from Almaden which would be exercised with this proposed program. Almaden would then retain a 30% carried interest in the project, until a bankable feasibility study has been completed by Goldgroup." More
- October 22, 2010 | Item | ShareThis
Probe Mines Acquires Claim on Its Borden Lake Project, Ontario - More
- October 22, 2010 | Item | ShareThis
Golden Phoenix JV Partner Scorpio Gold Obtains $12 Million to Bring Mineral Ridge Into Production; Golden Phoenix, as a Contingency, Retains 20% Net Profits - More
- October 22, 2010 | Item | ShareThis
Mountain Lake Completes Acquisition of Glover Island Gold Property in Western Newfoundland - More
- October 22, 2010 | Item | ShareThis
Gryphon Gold Announces Engagement of Public Relations Firm - More
- October 22, 2010 | Item | ShareThis
First Gold Intersects 2.15% Li2O, 1,594 g/t Rubidium, 150 ppm Ta2O5, 147 ppm Beryllium, 75 ppm Gallium Over 12.60 Metres on Rose - More
- October 22, 2010 | Item | ShareThis
Denison Mines Corp. Third Quarter 2010 Results - More
- October 22, 2010 | Item | ShareThis
Golden Phoenix Begins Phase-I Geologic Mapping and Sampling of Coyote Fault Gold and Silver Project; Adjacent to Mineral Ridge Gold Project - More
- October 22, 2010 | Item | ShareThis
New Island Resources Inc. Provides Update Regarding Filing of Financial Statements - More
- October 22, 2010 | Item | ShareThis
ECU Silver Reports Gold and Silver Shipments and Production in Third Quarter - "Shipments for Q3 2010 consisted of 72,264 ounces of silver; 5,988 ounces of gold; 141,215 pounds of lead; and 65,616 pounds of zinc. Expressed in terms of silver equivalent ounces, and based on current commodity prices (see Table 1 below), the Company shipped 418,553 silver equivalent ounces ("AgEq oz") during this period. Compared to the second quarter of 2010 (Q2 2010), silver shipments decreased by 36%, gold shipments increased by 157%, lead shipments increased by 106% and zinc shipments decreased by 30%. On a silver equivalent basis, shipments increased by 66%." More
- October 22, 2010 | Item | ShareThis
New Island Resources Inc. Announces Closing of Sale of Glover Island - More
- October 22, 2010 | Item | ShareThis
Central Resources Announces Private Placement Financing - More
- October 22, 2010 | Item | ShareThis
Ucore Updates on Ongoing Advancement of Mineralogy and Metallurgy at Bokan - More
- October 22, 2010 | Item | ShareThis
Gold Bag Announces Strategic Business Direction - More
- October 22, 2010 | Item | ShareThis
Golden Minerals Announces Closing of Public Offering and Private Placement - "Golden Minerals Company (AMEX:AUMN - News) (TSX:AUM - News) ("Golden Minerals" or "the Company") announced today it has closed its previously announced public offering of 4,663,250 shares of common stock, including 608,250 shares issued upon full exercise of the underwriters' over-allotment option, at a public offering price of US$18.50 per share. Concurrent with the public offering, the Company closed a private placement with its largest stockholder, The Sentient Group, of an additional 1,190,031 shares of common stock at the public offering price of US$18.50 per share. The private placement was conducted pursuant to Regulation S under the U.S. Securities Act of 1933." More
- October 22, 2010 | Item | ShareThis
Metanor Resources Inc. Announces the Closing of a Non-Brokered Private Placement - More
- October 22, 2010 | Item | ShareThis
Platinum Group Metals Closes $125 Million Bought Deal Financing - More
- October 22, 2010 | Item | ShareThis
GlobeStar Enters into a Support Agreement and Announces Cdn.$1.65 per Share Cash Offer by Perilya - More
- October 22, 2010 | Item | ShareThis
Uranium Energy Corp Announces Private Placement - More
- October 22, 2010 | Item | ShareThis
Red Pine Exploration Drills 4.05 Grams Gold over 35 Metres; Including 7.76 Grams over 15 Metres, in Timmins-Style Geology - More
- October 22, 2010 | Item | ShareThis
Coastal Pacific Gives Overview of Rich Regional Mining History of Timmins Region - More
- October 22, 2010 | Item | ShareThis
MDN Inc.: Tulawaka Continues to Show Promising Drill Intercepts From Underground and Surface Drilling Programs - More
- October 22, 2010 | Item | ShareThis
Kings Minerals Announces Appointment of Managing Director and Executive Vice-Chairman - More
- October 22, 2010 | Item | ShareThis
Platinex and Creso Sign Gold Corona Joint Venture - More
- October 22, 2010 | Item | ShareThis
Grande Portage Resources Ltd. Announces Initial Drilling Identifies Major Elements of a Complex Mesothermal Gold-Quartz System with Numerous Targets - More
- October 22, 2010 | Item | ShareThis
New Dimension Reports Further Anomalous Gold Values at Cenepa Gold Project, Peru - More
- October 22, 2010 | Item | ShareThis
LIM on Target to Complete Plant Construction by Year End - More
- October 22, 2010 | Item | ShareThis
Lundin Announces Successful Completion of Tenke Fungurume Contract Review Process - More
- October 22, 2010 | Item | ShareThis
Paladin Energy Files Notice of Meeting, Proxy Form and Chairman's Letter - More
- October 22, 2010 | Item | ShareThis
Medusa Mining Limited: Investor Presentation October 2010 - More
- October 22, 2010 | Item | ShareThis
Orosur Mining Inc. Director's Dealing and Issue of Ordinary Shares upon Exercise of Stock Options - More
- October 22, 2010 | Item | ShareThis
Allied Nevada Achieves Record Gold Sales of 30,585 Ounces in the Third Quarter of 2010 at Cost of Sales of $416 per Ounce of Gold Sold - "Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV - News)(AMEX:ANV - News) is pleased to announce preliminary operating results for the third quarter and year to date ended September 30, 2010. Allied Nevada achieved record metals sales in the third quarter with 30,585 ounces of gold and 69,365 ounces of silver sold at average cost of sales of approximately $416 per ounce of gold sold(1). Year-to-date, 80,584 ounces of gold and 184,161 ounces of silver have been sold at an average cost of sales of approximately $406 per ounce of gold sold. The year to date production ratio of 2.3 ounces of silver to one (1) ounce of gold continues to exceed expectation. The mine remains on track to meet previously released guidance of 100,000 ounces of gold production at a cost of sales per ounce of gold sold of $400-$450 for 2010." More
- October 22, 2010 | Item | ShareThis
Aurizon Reports Third Quarter 2010 Operating Results and Provides Notice of Third Quarter 2010 Financial Results and Conference Call - "Gold production for the third quarter of 2010 totaled 29,905 ounces from the processing of 169,913 tonnes at an average grade of 6.15 grams of gold per tonne, compared to ore grades of 7.0 grams of gold per tonne in the first half of 2010. As a result of the lower ore grades in the third quarter of 2010, mill recoveries were 89%, compared to 90.7% in the first half of 2010." More
- October 22, 2010 | Item | ShareThis
DRC Government & Freeport-McMoRan Copper & Gold Inc. Announce Successful Completion of Tenke Fungurume Contract Review Process - "The government of the Democratic Republic of Congo (DRC) and Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX - News) announced today the successful conclusion of the review of Tenke Fungurume Mining’s (TFM) contracts. The conclusion of the review process by the DRC government confirms that the Tenke Fungurume contracts are in good standing, and acknowledges the parties’ continuing commitment to the rights and benefits granted under the existing TFM contracts." More
- October 22, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Friday, 22 October 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 3% and 4% on the Week
