-- Posted Wednesday, 22 December 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1386.50 | -$1.20 |
Silver | $29.32 | UNCH |
XAU | 219.15 | -0.75% |
HUI | 555.25 | -1.08% |
GDM | 1648.89 | -1.17% |
JSE Gold | 2672.68 | -19.30 |
USD | 80.67 | -0.02 |
Euro | 130.98 | +0.07 |
Yen | 119.70 | +0.31 |
Oil | $90.48 | +$0.66 |
10-Year | 3.346% | +0.020 |
T-Bond | 120.78125 | -0.40625 |
Dow | 11559.49 | +0.23% |
Nasdaq | 2671.48 | +0.15% |
S&P | 1258.84 | +0.34% |
The Metals:
Gold rose $3.13 to $1390.83 in early London trade before it fell to see a $2.42 loss at $1385.28 in midmorning New York trade, but it then bounced back higher in the last few hours of trade and ended with a loss of just 0.09%. Silver climbed to $29.475 and fell to $29.183 before it also rallied back higher and ended unchanged on the day.
Euro gold fell to under €1060, platinum gained $11.25 to $1725, and copper remained near yesterday’s new all-time high of $4.27.
Gold and silver equities traded mostly slightly lower and ended with about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q3 | 2.6% | 2.7% | 2.5% |
GDP Deflator | Q3 | 2.1% | 2.3% | 2.3% |
Existing Home Sales | Nov | 4.68M | 4.65M | 4.43M |
Tomorrow brings Personal Income and Spending, Core PCE Prices, Durable Goods Orders, Initial Jobless Claims, Michigan Sentiment, and New Home Sales. Markets will be closed on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil held most of its early gains at above $90 after the Energy Information Administration announced that crude inventories fell 5.3 million barrels, gasoline inventories rose 2.4 million barrels, and distillates fell 600,000 barrels.
The U.S. dollar index waffled near unchanged while the euro traded mixed on European debt worries.
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 Walgreen, Airgas, GM, and Ambac.
GATA Posts:
If only Bloomberg believed in a transparent gold market too
Ted Butler: A show stopper at the CFTC
James Turk: Pound may beat dollar to hyperinflation
Stewart Thompson: Central banks use gold to control markets
Lefty Rep. Dennis Kucinich starts his own campaign to end the Fed
Commodity market concentration starts to worry even Wall Street Journal
IMF completes gold sales program
The Statistics:
Activity from: 12/21/2010
Gold Warehouse Stocks: | 11,653,722 | +17,556 |
Silver Warehouse Stocks: | 105,108,972 | -64,644 |
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 | 1298.029 | 41,732,922 | US$57,869m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 123.23 | 3,962,096 | US$5,495m |
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 | 4,256,827 | US$5,905m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,029 | US$633m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 50.99 | 1,639,517 | US$2,267m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,964 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.911 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 - No change from yesterday’s data.
The Miners:
A free, new stock report on Soho Resources by Peter Zihlmann, Eldorado’s (EGO) recommended rejection of a "mini-tender" offer by TRC Capital Corporation, Claude’s (CGR) director retirement, Timberline’s (TLR) drill results, Richmont’s (RIC) option agreement, Ivanhoe’s (IVN) rights offering, Mines Management’s (MGN) Preliminary Economic Assessment, Revett’s (RVM.TO) operational guidance, and Silver Quest’s (SQI.V) assay results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Mines MGMT | MGN +3.13% $3.29 |
2. Minco | MGH +3.12% $2.31 |
3. Jaguar | JAG +1.79% $6.81 |
LOSERS
1. Golden Star | GSS -6.02% $4.53 |
2. Claude | CGR -5.61% $2.02 |
3. ITH | THM -5.48% $9.66 |
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:
Gunpoint Exploration Ltd. Announces Stock Option Grant - More
- December 22, 2010 | Item | ShareThis
Avino Closes $5.1 Million Financing - More
- December 22, 2010 | Item | ShareThis
RockBridge Resources Announces 2nd Tranche of Its $1.2 Million Non-Brokered Common & Flow Through Share Financing and Mineral Results - More
- December 22, 2010 | Item | ShareThis
Gentor Resources, Inc. Closes Us $2,747,000 Private Placement Financing - More
- December 22, 2010 | Item | ShareThis
Globex Closes $1 Million Private Placement - More
- December 22, 2010 | Item | ShareThis
Eldorado Gold Recommends Rejection of "Mini-Tender" Offer from TRC Capital Corporation - "Eldorado Gold Corporation ("Eldorado" or the "Company") (TSX:ELD - News)(NYSE:EGO - News)(ASX:EAU - News) has been notified of a so-called "mini-tender" offer by TRC Capital Corporation ("TRC Capital") to purchase up to 5 million common shares of Eldorado, which represents approximately 0.91 percent of Eldorado's outstanding common shares. Eldorado notes that TRC's unsolicited offer of $17.50 per share was more than 4.21 percent below the closing price of Eldorado's shares on the TSX on December 13, 2010, the day before the offer was commenced. The closing price of Eldorado's shares on December 13, 2010, was $18.27 on the TSX and US$18.16 on NYSE. Eldorado also notes that the offer is subject to numerous conditions, including receipt of financing by TRC Capital and there being no decrease in the trading price of Eldorado's shares." More
- December 22, 2010 | Item | ShareThis
Crosshair Unaware of Any Material Change - More
- December 22, 2010 | Item | ShareThis
Metanor Resources Inc. Announces the Closing of a Non-Brokered Private Placement - More
- December 22, 2010 | Item | ShareThis
Taku Identifies Prospective Gold-In-Soil Geochemical Anomaly on Rosebute Property in Yukon - More
- December 22, 2010 | Item | ShareThis
Yukon Gold Corporation, Inc. to Acquire a Former Producing Gold Mine - More
- December 22, 2010 | Item | ShareThis
Soho Resources Corp. Non-Brokered Private Placement - More
- December 22, 2010 | Item | ShareThis
ValGold Closes Oversubscribed Non-Brokered Flow-Through Private Placement Financing - More
- December 22, 2010 | Item | ShareThis
Goldrush Issues Shares to Repay Convertible Debenture - More
- December 22, 2010 | Item | ShareThis
Nuinsco Provides Update on Exploration at Prairie Lake Rare Metals Project - More
- December 22, 2010 | Item | ShareThis
Cascadero Copper Corporation Announces Second Phase of Ontario Gold Property Acquisitions - More
- December 22, 2010 | Item | ShareThis
Wealth Closes Non-Brokered Private Placement - More
- December 22, 2010 | Item | ShareThis
Claude Resources Inc. Director Robert Buchan Announces Retirement - "Although with the Company for only a short period, Mr. Buchan had a significant impact on Claude, particularly on its strategic direction," commented Josef Spross, Chairman of the Board. "The Board would like to express their gratitude to Mr. Buchan for his contribution and wish him well in his future endeavours." More
- December 22, 2010 | Item | ShareThis
South American Gold Signs LOI to Acquire Colombian Gold Project - More
- December 22, 2010 | Item | ShareThis
Golden Reign Resources Ltd.: Additional High Grade Results at Mina Estrella - More
- December 22, 2010 | Item | ShareThis
Skyline Gold Reports Assays Including 1.0 Meter Grading 27.4 Grams Per Tonne Gold From Snip-1 Definition Drilling Program - More
- December 22, 2010 | Item | ShareThis
Desert Gold Signs Guinean Option Agreement - More
- December 22, 2010 | Item | ShareThis
Ur-Energy Inc.: LC South Drilling Program Defines Additional Uranium Roll Front Systems - More
- December 22, 2010 | Item | ShareThis
Gowest Gold Completes Brokered Private Placement Financing Through Salman Partners - More
- December 22, 2010 | Item | ShareThis
Ucore Releases Additional 2010 Field Program Results from Bokan with Enriched Heavy Rare Earth Content - More
- December 22, 2010 | Item | ShareThis
Rare Element Closes Financing - More
- December 22, 2010 | Item | ShareThis
Sphere Resources Inc. Enters Option Agreement on Poker Flats Property Carlin Trend, Nevada - More
- December 22, 2010 | Item | ShareThis
Amador Gold Amends Private Placement - More
- December 22, 2010 | Item | ShareThis
Klondike Gold Corp. Amends Private Placement - More
- December 22, 2010 | Item | ShareThis
Galantas Gold Corporation Equipment Purchase - More
- December 22, 2010 | Item | ShareThis
Shamika2Gold Executes Definitive Agreement to Acquire Gold and Ruby Licenses in Cambodia - More
- December 22, 2010 | Item | ShareThis
Maya Gold & Silver Confirms its Resource Estimate on its Amizmiz Property, in Morocco - More
- December 22, 2010 | Item | ShareThis
Mexivada Executes Option Of Poker Flats Property, Carlin-Rain Gold Mining District, Nevada - More
- December 22, 2010 | Item | ShareThis
Avanti Mining Announces Strategic Alliance With SeAH Holdings Corp. and Private Placements for $15 Million - More
- December 22, 2010 | Item | ShareThis
Positive Preliminary Economic Assessment Completed for the Montanore Silver-Copper Project - "Mines Management, Inc. (NYSE-Amex:MGN) (TSX:MGT.to - News) is pleased to announce the completion of a Preliminary Economic Assessment (“PEA”) for the Company’s wholly owned Montanore Silver-Copper Project located in the United States. Results of the PEA illustrate that the economics of the project would be robust in today's cost and metals price environment and represents a solid economic foundation upon which to build. An NI 43-101-compliant technical report will be filed on SEDAR within 45 days." More
- December 22, 2010 | Item | ShareThis
Columbus Gold Achieves Important Milestone in Acquisition of 2 Million Oz. Paul Isnard Gold Project - More
- December 22, 2010 | Item | ShareThis
Empire Closes Royalty Sale, Raises $4.1 Million - More
- December 22, 2010 | Item | ShareThis
Positive Results of 0.91% Cu, 7.44% Zn, 30.80 g/t Ag Over 1.50 Meters and 29.50 g/t Au Over 0.50 Meter in Gold Bearing Quartz Vein on Tehya Zone - More
- December 22, 2010 | Item | ShareThis
Pan American Goldfields Ltd Announces JV Gold Sales And Revenue - More
- December 22, 2010 | Item | ShareThis
Guinness Reports Trench Results From Newly Discovered Mineralized Zones at Its Charlotte Project, Yukon - More
- December 22, 2010 | Item | ShareThis
Selwyn Resources Ltd.: Drilling Continues to Confirm High-Grade Mineralization at XY Central Deposit - More
- December 22, 2010 | Item | ShareThis
Timberline Drills 12.1 g/t Gold Over 17.7 Metres at Lookout Mountain - "Timberline Resources Corporation (TSX-V:TBR - News)(AMEX:TLR - News) ("Timberline" or the "Company") today reported assay results for a series of drill holes, including hole number BHSE-029C, which returned 0.35 opt (12.1 g/t) of gold over 58.0 feet (17.7 metres)." More
- December 22, 2010 | Item | ShareThis
Richmont Signs Option Agreement With SOQUEM to Consolidate Ownership of Monique Property; Provides Project Update - "Richmont Mines Inc. (TSX:RIC - News)(AMEX:RIC - News), ("Richmont" or the "Company") is pleased to announce that it has entered into an option agreement (the "Agreement") with SOQUEM Inc. ("SOQUEM") to acquire the remaining 19% interest of the Monique property (the "Property")." More
- December 22, 2010 | Item | ShareThis
Galore Reports 28 Metres Averaging 1.9 Grams/Tonne Gold From El Alamo Channel Samples - More
- December 22, 2010 | Item | ShareThis
"When issued" Trading in Ivanhoe Mines rights Begins December 23, 2010, in Advance of Planned Start of Regular Rights Trading in Early January 2011 - "Details of the rights offering - which is expected to raise up to US$1.2 billion to help finance construction of the Oyu Tolgoi copper-gold mine development in Mongolia - are contained in the final prospectus dated December 16, 2010, that is available on Sedar and EDGAR and were summarized in the news release issued by Ivanhoe Mines on December 18, 2010." More
- December 22, 2010 | Item | ShareThis
Clifton Star Engages Metallurgy Consultant - More
- December 22, 2010 | Item | ShareThis
Kirrin Resources Closes First Tranche of Flow-Through Private Placement - More
- December 22, 2010 | Item | ShareThis
Fjordland Acquires Interests in 15 Properties Surrounding Iron Range Project, Southeastern BC - More
- December 22, 2010 | Item | ShareThis
Cerro Resources Announces Excellent Initial Beneficiation Results From Its Mt Philp Haematite Iron Prospect-68% Fe - More
- December 22, 2010 | Item | ShareThis
Canadian Orebodies Assays High Grade Tantalum on Zigzag Property and Commences Drilling on Falcon Property - More
- December 22, 2010 | Item | ShareThis
Canaco Drills Further Spectacular Intercepts With 53.2 Metres at 9.51 Grams Gold Per Tonne at Magambazi - More
- December 22, 2010 | Item | ShareThis
Spartan Gold Acquires a World Class Gold Exploration Opportunity - More
- December 22, 2010 | Item | ShareThis
Revett Provides Operational Guidance for 2011 - "Production at the Troy Mine is expected to be approximately 1.3 million ounces of silver and 11.0 million pounds of copper for 2011. Based on the current mine plan, mill throughput is anticipated to average 4,000 tons per day and grades are expected to improve averaging 1.20 ounces per ton silver and 0.46% copper as more production is gained from the recently developed C Bed area. Production costs on a net of byproduct basis are expected to be $3.32 per ounce of silver and $1.48 per pound of copper and on a co-product basis costs are estimated to be $10.39 per ounce of silver and $2.08 per pound of copper." More
- December 22, 2010 | Item | ShareThis
Silver Quest Intersects Gold and Silver at Capoose, BC - "Silver Quest Resources Ltd. (TSX-V:SQI - News) (the "Company") is pleased to report assay results for diamond drill holes D-10-143, D-10-144, D-10-145 and D-10-146 recently completed on the Capoose Project ("Capoose") located in north central British Columbia, 185 km southwest of Prince George. The assay results confirm that gold and silver mineralization extends to the east of the west arm of the deposit and further confirms that mineralization is open at depth on the east arm of the deposit. Mineralization remains open at depth and in all directions." More
- December 22, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Wednesday, 22 December 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Close Near Unchanged
