-- Posted Monday, 20 December 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1385.50 | +$7.60 |
Silver | $29.25 | +$0.14 |
XAU | 220.46 | +0.66% |
HUI | 562.57 | +1.01% |
GDM | 1672.13 | +0.93% |
JSE Gold | 2741.84 | +21.29 |
USD | 80.59 | +0.21 |
Euro | 131.20 | -0.65 |
Yen | 119.37 | +0.14 |
Oil | $88.81 | +$0.79 |
10-Year | 3.349% | +0.019 |
T-Bond | 122.25 | -0.59375 |
Dow | 11478.13 | -0.12% |
Nasdaq | 2649.56 | +0.25% |
S&P | 1247.08 | +0.25% |
The Metals:
Gold climbed as much as $10.29 to as high as $1388.19 in Asia before it fell to see a $1.85 loss at $1376.05 by about 10:30AM EST in New York, but it then rallied back higher in the last few hours of trade and ended near its earlier high with a gain of 0.55%. Silver rose to $29.38 and fell to $28.76 before it also rallied back higher and ended with a gain of 0.48%.
Euro gold climbed above €1056, platinum gained $5.25 to $1703.50, and copper gained another 5 cents to about $4.20.
Gold and silver equities rose over 1% at the open before they fell to see slight losses about an hour into trade, but they then rallied back higher for most of the rest of the day and ended near their earlier highs.
The Economy:
There were no major economic reports today and there are none due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on expectations for increased energy demand from more cold weather and holiday travel.
The U.S. dollar index rose as the euro fell “after the European Central Bank released data showing it sharply reduced purchases of European government bonds in the latest week.”
Treasuries fell as the Dow, Nasdaq, and S&P traded mostly slightly higher on relief over the tax cut plan.
Among the big names making news in the market today were Ernst & Young, AT&T, and Boeing.
GATA Posts:
Gene Arensberg: Bullion banks still reducing silver shorts
Join GATA at the Vancouver conference in January
Paul says he'll ask Fed about transactions with foreign banks
John Embry: Gold, silver could go ballistic by year-end
The Statistics:
Activity from: 12/17/2010
Gold Warehouse Stocks: | 11,651,250 | +36,558 |
Silver Warehouse Stocks: | 104,861,843 | -372,075 |
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 | 1298.940 | 41,762,208 | US$57,619m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 122.93 | 3,952,449 | US$5,469m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 132.40 | 4,256,918 | US$5,887m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,039 | US$633m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 51.00 | 1,639,625 | US$2,286m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,964 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 15.183 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 116.63 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,903.34: -60.80 change from yesterday’s data.
The Miners:
NovaGold’s (NG) intention to make an offer to acquire all of the outstanding shares of Copper Canyon Resources Ltd., ECU Silver’s (ECU.TO) discovery, Silvermex’s (SMR.V) closed private placement, Minefinders’ (MFN) closed bought deal offering, and U.S. Silver’s (USA.V) accident report response were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG+16.79% $3.20 |
2. Solitario | XPL +15.67% $3.47 |
3. Cardero | CDY +9.43% $1.73 |
LOSERS
1. Minco Gold | MGH-5.49% $2.24 |
2. Vista Gold | VGZ -5.19% $2.56 |
3. Claude | CGR -4.74% $2.01 |
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:
Dorato Resources Inc.: Initial Soil Sample Results Received from Cobrecon, Geophysical and Geochemical Targets Outline Potential Copper-Molybdenum Porphyry - More
- December 20, 2010 | Item | ShareThis
Avalon Added to S&P-TSX Global Mining Index - More
- December 20, 2010 | Item | ShareThis
Placer Sampling Update for MEG Project, Tanzania - More
- December 20, 2010 | Item | ShareThis
Philippine Metals Announces Initial Drilling and Sampling Results from its Taurus Project - More
- December 20, 2010 | Item | ShareThis
Bravada Gold and Fortune River Announce Shareholder Approval of Amalgamation Agreement - More
- December 20, 2010 | Item | ShareThis
Victoria Gold Corp. Achieves Another Important Milestone at Eagle Gold Project, Yukon - More
- December 20, 2010 | Item | ShareThis
Melkior Reports Results of November Drilling on Carscallen Gold Project in West Timmins-Mineralized Intersections Discovered in Favourable Geological Enviro. - More
- December 20, 2010 | Item | ShareThis
Fortune Graphite Inc. Acquires 100% of the Harris Creek Gold Placer Tenure in British Columbia, Canada - More
- December 20, 2010 | Item | ShareThis
GMR Global Mineral Resources Corp. Acquires 100% of the Ottawa Silver and Gold Tenure in British Columbia, Canada - More
- December 20, 2010 | Item | ShareThis
Kivalliq Closes CDN$5.0 Million Private Placement - More
- December 20, 2010 | Item | ShareThis
Adroit Resources Inc.'s Red Vein Volcanogenic Massive Sulphide (VMS) Property-Drilling Commencing January 2011, Second Grid Completed - More
- December 20, 2010 | Item | ShareThis
Copper Canyon Responds to Announcement of Proposed Unsolicited Take-Over Offer by NovaGold - More
- December 20, 2010 | Item | ShareThis
Kent Exploration Inc.: Gnaweeda Gold Project Diamond Drill Update - More
- December 20, 2010 | Item | ShareThis
Titan Resources International Corp. Provides Additional Information on the Company's BC Property - More
- December 20, 2010 | Item | ShareThis
Taku Identifies Three New Gold-In-Soil Geochemical Trends on Portland Property, Yukon - More
- December 20, 2010 | Item | ShareThis
PBX to Undertake Spin-Off Transaction to Create Two Independent Companies - More
- December 20, 2010 | Item | ShareThis
Victoria Joint Venture - Vaquillas Drill Results - Ongoing Exploration Defines New Porphyry Targets - More
- December 20, 2010 | Item | ShareThis
Malbex Appoints CFO - More
- December 20, 2010 | Item | ShareThis
Great Western Minerals Group Issues Installment Payment on Advisory Agreement - More
- December 20, 2010 | Item | ShareThis
Ecometals Limited: Sale of Condor Gold Project - More
- December 20, 2010 | Item | ShareThis
Blackstone Closes $715,000 Private Placement - More
- December 20, 2010 | Item | ShareThis
God's Lake Announces Private Placement - More
- December 20, 2010 | Item | ShareThis
AXMIN Announces Corporate Development Advisory Agreement - More
- December 20, 2010 | Item | ShareThis
Supreme Resources to Join OTC Markets 2011 - More
- December 20, 2010 | Item | ShareThis
Shamika2Gold Signs Definitive Agreement to Acquire 23 Gold Exploration Licenses in Quebec - More
- December 20, 2010 | Item | ShareThis
Oteegee Innovations Updates Shareholders on Share Structure - More
- December 20, 2010 | Item | ShareThis
Uragold Completes the Acquisition of the Windsor Gold Anomaly - More
- December 20, 2010 | Item | ShareThis
Northland Signs the First Two Agreements for the Construction of Kaunisvaara - More
- December 20, 2010 | Item | ShareThis
Mega Uranium Ltd. Releases Audited Results for the Year Ended September 30, 2010 - More
- December 20, 2010 | Item | ShareThis
New Guinea Gold Announces Progress on Gold Anomaly's Projects - More
- December 20, 2010 | Item | ShareThis
Rio Alto Provides La Arena Project Update - More
- December 20, 2010 | Item | ShareThis
GoldQuest Mobilizes Drill for Phase II Drilling at La Escandalosa in the Dominican Republic - More
- December 20, 2010 | Item | ShareThis
Eaglecrest Discovers High-Grade Gold on Surface in First-Pass Sampling, Colombia - More
- December 20, 2010 | Item | ShareThis
Golden Star Appoints Chris Thompson as Chairman of the Board of Directors - More
- December 20, 2010 | Item | ShareThis
Metanor Resources Inc. Announces the Closing of a Non-Brokered Private Placement - More
- December 20, 2010 | Item | ShareThis
Wildcat Appoints Gil Clausen as Vice Chairman and Charles Magolske as Vice President of Corporate Development - More
- December 20, 2010 | Item | ShareThis
TVI Pacific Provides Operations and Exploration Update - More
- December 20, 2010 | Item | ShareThis
African Gold Group, Inc. Financing Sets Stage for Aggressive Ghana & Mali Exploration Programs in 2011 - More
- December 20, 2010 | Item | ShareThis
Platinum Group Metals Warrants Exercised - More
- December 20, 2010 | Item | ShareThis
Moly Mines Reports on First Shipment-Spinifex Ridge Iron Ore - More
- December 20, 2010 | Item | ShareThis
Tuffnell Ltd. Announces S & P Listing - More
- December 20, 2010 | Item | ShareThis
Mayen Minerals Announces Termination of Option and Joint Venture Agreement - More
- December 20, 2010 | Item | ShareThis
Baja Closes Copper Hedging For Boleo Project - More
- December 20, 2010 | Item | ShareThis
Avanti Mining Announces Kitsault NPV Increases to US$798 Million (After Tax) in Final Feasibility Study - More
- December 20, 2010 | Item | ShareThis
Aura Silver to Commence Drilling at the Higo Blanco Prospect and Expands Program to Include Drill Targets Adjacent to San Jose Mine - More
- December 20, 2010 | Item | ShareThis
Superior Mining Acquires New Collingwood Property With Historical Hardrock and Alluvial Gold Production - More
- December 20, 2010 | Item | ShareThis
Everton and Brigus Gold Extend VMS Mineralized Zone at La Lechoza and Prepare Phase 2 Drilling at Pueblo Viejo West - More
- December 20, 2010 | Item | ShareThis
Condor Resources Inc.: Drilling Commences at La Libertad Porphyry Cu-Mo Target, Peru - More
- December 20, 2010 | Item | ShareThis
Uranium Energy Corp Reports Excellent Phase-One Drill Results at Salvo Project in South Texas - More
- December 20, 2010 | Item | ShareThis
Continental and Jinchuan Group Sign Formal Arrangement Agreement - More
- December 20, 2010 | Item | ShareThis
Duluth Metals and Franconia Minerals Enter into Arrangement Agreement; Consolidates Position in the Duluth Complex, Minnesota - More
- December 20, 2010 | Item | ShareThis
Bridgeport Ventures Inc. Announces Closing of Public Equity Offering - More
- December 20, 2010 | Item | ShareThis
Mercer Gold Announces Conference Call to Discuss Highlights of Its 2010 Exploration Program - More
- December 20, 2010 | Item | ShareThis
Renaissance Gold Inc. Announces Drill Results From the Meridiano Gold Project Santa Cruz Province Argentina - More
- December 20, 2010 | Item | ShareThis
Hana Reports Indicated Resources of 762 Million lb of Cu & 16.1 Million oz of Ag at a Grade of 0.93% Cu & Inferred Resources of 5.6 Billion lb of Cu - More
- December 20, 2010 | Item | ShareThis
Avion Conditionally Approved to Graduate to the TSX - More
- December 20, 2010 | Item | ShareThis
Consolidated Thompson Continues to Produce Despite the Heavy Rain Affecting its Railway Supplier - More
- December 20, 2010 | Item | ShareThis
Luiri Gold-Implementation of Shareholders Rights Plan - More
- December 20, 2010 | Item | ShareThis
Standard Gold Announces Directors - More
- December 20, 2010 | Item | ShareThis
Chalice Gold: Regional Exploration Program Ramps Up at Zara - More
- December 20, 2010 | Item | ShareThis
LIM Signs Agreement With Uashaunnuat Innu - More
- December 20, 2010 | Item | ShareThis
Lara Exploration: Corporate Update - More
- December 20, 2010 | Item | ShareThis
Cree East Uranium Joint Venture Receives $4.68 million Funding from Korean Consortium - More
- December 20, 2010 | Item | ShareThis
ECU Silver Discovers Another New Vein on Velardena Property - "ECU Silver Mining Inc. (TSX:ECU - News) is pleased to announce that it has discovered another new vein, the G1-lower vein, in the upper levels of the Santa Juana mine located in the main Velardena Property. Assays included a section that graded 11.39 grams per tonne (g/t) gold (Au), 861 g/t silver (Ag), 3.64% lead (Pb) and 3.50% zinc (Zn) over 0.80 meters (2.6 feet)." More
- December 20, 2010 | Item | ShareThis
Silvermex Resources Inc. Closes Brokered Private Placement for $15,000,000 - "Silvermex Resources Inc. (TSX:SLX - News) ("Silvermex" or the "Company") is pleased to announce that it has closed its brokered private placement offering (the "Offering") previously announced on November 26, 2010 and December 1, 2010. The Company has issued 24,193,548 units (the "Units") at $0.62 per Unit for gross proceeds of $15,000,000. A portion of the Offering, being 1,027,049 Units with gross proceeds of $636,770, was offered on a non-brokered basis." More
- December 20, 2010 | Item | ShareThis
NovaGold Announces Intention to Make Takeover Offer for Copper Canyon Resources - "NovaGold Resources Inc. ("NovaGold") (TSX:NG - News)(AMEX:NG - News) today announced that it intends to make an offer to acquire all of the outstanding shares of Copper Canyon Resources Ltd. ("Copper Canyon") (TSX-V:CPY - News), a junior exploration company, on the basis of 0.0425 of a NovaGold common share for each one Copper Canyon common share. The offer represents a 41.8% premium based on the closing price of Copper Canyon common shares and NovaGold common shares on the TSX-V and TSX, respectively, on December 17, 2010. Based on public disclosure, there are approximately 57.4 million Copper Canyon common shares outstanding on a fully diluted basis, valuing the acquisition at approximately C$34.1 million." More
- December 20, 2010 | Item | ShareThis
Minefinders Closes C$151.5 Million Bought Deal - "Minefinders Corporation Ltd. (TSX:MFL - News)(AMEX:MFN - News) ("Minefinders" or the "Company") today reported that the Company has closed its previously announced C$151,515,000 bought deal offering (the "Offering") in which a syndicate of underwriters purchased 13,650,000 common shares (the "Common Shares") from Minefinders for sale to the public at a price of C$11.10 per Common Share. The Company has granted the underwriters an option, for a period of 30 days following the closing of the Offering, to purchase up to an additional 2,047,500 Common Shares to cover over-allotments, if any. The lead underwriters for the Offering were Scotia Capital Inc. and BMO Capital Markets." More
- December 20, 2010 | Item | ShareThis
U.S. Silver Responds to MSHA Accident Report - "U.S. Silver Corporation (TSX-V: USA, US OTCQX: USSIF, Frankfurt: QE2) (“US Silver” or “the Company”) notes that the United States Department of Labor Mine Safety and Health Administration (“MSHA”) has issued its final Report of Investigation (“Report”) relating to the June 18, 2010 fatal accident involving a United Mine Service employee at the Galena mine." More
- December 20, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Monday, 20 December 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 0.5%
