-- Posted Friday, 26 November 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss | On Week |
Gold | $1365.10 | -$8.70 | +0.89% |
Silver | $26.74 | -$0.84 | -1.51% |
XAU | 209.79 | -1.74% | -1.21% |
HUI | 539.57 | -1.71% | -1.11% |
GDM | 1616.48 | -1.61% | -1.06% |
JSE Gold | 2662.90 | -28.25 | -1.07% |
USD | 80.38 | +0.60 | +2.51% |
Euro | 132.34 | -1.01 | -3.30% |
Yen | 119.02 | -0.70 | -0.65% |
Oil | $83.76 | -$0.10 | +2.76% |
10-Year | 2.864% | -0.050 | -0.38% |
Bond | 127.53125 | +1.03125 | +0.25% |
Dow | 11092.00 | -0.85% | -0.99% |
Nasdaq | 2534.56 | -0.34% | +0.65% |
S&P | 1189.40 | -0.75% | -0.86% |
The Metals:
Gold fell over $20(from Wednesday’s close) to as low as $1351.33 and silver dropped over a dollar to as low as $26.452 in early New York trade before both metals rallied back higher into the close, but gold still ended with a loss of 0.63% and silver closed with a loss of 3.05%.
Euro gold rose to over €1031, platinum lost $12 to $1640.50, and copper fell slightly to about $3.75.
Gold and silver equities fell almost 2% at the open and remained near their lows into the close.
The Economy:
All of this week’s economic reports:
Next week’s economic highlights include the Case-Shiller 20-city Index, Chicago PMI, and Consumer Confidence on Tuesday, ADP Employment, Productivity, Unit Labor Costs, the ISM Index, Construction Spending, and the fed’s Beige Book on Wednesday, Initial Jobless Claims and Pending Home Sales on Thursday, and November’s jobs data, ISM Services, and Factory Orders on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index and treasuries rose on continued worries over European debt that sent the Dow, Nasdaq, and S&P lower again.
Among the big names making news in the market Friday were FedEx, UPS, Apax, and Del Monte.
GATA Posts:
NY Times' Floyd Norris: Pondering the causes of gold fever
Reg Howe: Three years of contraction and concentration in gold derivatives
Wouldn't China love to trade U.S. Treasuries for U.S. gold?
China and Russia start dropping the dollar in bilateral trade
A comprehensive interview with Ted Butler on silver market manipulation
The Statistics:
Activity from: 11/23/2010
Gold Warehouse Stocks: | 11,452,429 | -100 |
Silver Warehouse Stocks: | 107,233,329 | +352,504 |
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 | 1285.084 | 41,316,740 | US$55,968m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 122.27 | 3,931,052 | US$5,329m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 130.65 | 4,200,644 | US$5,695m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,161 | US$621m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 51.01 | 1,639,985 | US$2,252m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,965 | US$7m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 107.03: +0.61 change from Wednesday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,893.68 - No change from Wednesday’s data.
The Miners:
Ivanhoe’s (IVN) trading of warrants on the TSX, Barrick’s (ABX) ranking among the top 100 companies in the world for its sustainability reporting and performance by the NASDAQ OMX CRD Global Sustainability Index, and U.S. Silver’s (USA.V) third quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Rubicon | RBY +3.26% $4.43 |
2. ITH | THM +1.94% $8.40 |
3. Mag Silver | MVG+1.77% $10.35 |
LOSERS
1. Jaguar | JAG -4.35% $6.60 |
2. Banro | BAA -3.67% $2.89 |
3. Gold Resource | GORO-3.65% $24.52 |
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:
Drilling Continues to Hit High Grade Copper-Gold Mineralization at Tower; 3.3% Copper, 0.3g/t Gold, 0.8% Zinc and 17.6g/t Silver across 7.45m - More
- November 26, 2010 | Item | ShareThis
Green Light increases treasury by $618,750.00 - More
- November 26, 2010 | Item | ShareThis
Inter-Rock Reports Third Quarter Results - More
- November 26, 2010 | Item | ShareThis
Ivanhoe Australia's Warrants to Commence Trading on the TSX on 29 November - "Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (IAL) (TSX:IVA - News)(ASX:IVA - News), today announced that the company has received approval for its warrants to list and trade on the Toronto Stock Exchange (TSX).
The company's warrants will commence trading on the TSX on 29 November 2010 under the symbol IVA.WT. The warrants are also listed on the Australian Securities Exchange (ASX) and have traded on that exchange under the symbol IVAO since 13 September 2010." More
- November 26, 2010 | Item | ShareThis
Macusani Yellowcake Announces New Deep High-Grade Discovery at Kihitian Uranium Property, Peru - More
- November 26, 2010 | Item | ShareThis
Magma Appoints Canadian Non-Executive Director - More
- November 26, 2010 | Item | ShareThis
GOLDEN GOOSE RESOURCES INC. REPORTS ITS 2010 THIRD QUARTER RESULTS - More
- November 26, 2010 | Item | ShareThis
Chalice Gold Mines Limited Commences Trading on TSX - More
- November 26, 2010 | Item | ShareThis
Vantex Sells its Santa Anna Property and Will Distribute 3,378,750 Shares to its Shareholders - More
- November 26, 2010 | Item | ShareThis
Strateco Recieves Strong Support at Public Hearings on the Matoush Uranium Project - More
- November 26, 2010 | Item | ShareThis
Silver Quest Increases Claim Holdings at Slate Falls, Ontario - More
- November 26, 2010 | Item | ShareThis
Renaissance BioEnergy Inc. Announces Further Acquisition - More
- November 26, 2010 | Item | ShareThis
Spectral Capital Announces Completion of US$2 Million Private Placement - More
- November 26, 2010 | Item | ShareThis
CanAlaska Uranium Ltd. Non-Brokered Private Placement - More
- November 26, 2010 | Item | ShareThis
Barrick Named to NASDAQ Global Sustainability Index of World's Top 100 Companies - "Barrick Gold Corporation has been ranked among the top 100 companies in the world for its sustainability reporting and performance by the NASDAQ OMX CRD Global Sustainability Index. Barrick is the only Canadian mining company to make the semi-annual listing of leading companies." More
- November 26, 2010 | Item | ShareThis
U.S. Silver Reports Third Quarter 2010 Results - “Despite lower production volumes previously disclosed, the Company has remained profitable. We continue to pursue higher grade mining areas and modified mining methods to maximize head grade in active stopes,” stated Tom Parker, President and CEO. “We ended the quarter in a strong financial position thanks in part to the well-received equity issue that closed on September 29, 2010 and look forward to building on this position as we move forward.” More
- November 26, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Friday, 26 November 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Mixed on the Week
