-- Posted Thursday, 6 January 2011 | Digg This Article | | Source: GoldSeek.com
Please Note: There will not be a Gold Seeker Closing Report tomorrow. | Close | Gain/Loss | Gold | $1371.50 | -$2.60 | Silver | $29.14 | -$0.04 | XAU | 210.99 | -2.25% | HUI | 531.63 | -2.39% | GDM | 1575.40 | -2.51% | JSE Gold | 2579.25 | -7.71 | USD | 80.80 | +0.58 | Euro | 130.14 | -1.41 | Yen | 120.00 | -0.11 | Oil | $88.38 | -$1.92 | 10-Year | 3.419% | -0.064 | T-Bond | 120.09375 | +0.625 | Dow | 11697.31 | -0.22% | Nasdaq | 2709.89 | +0.28% | S&P | 1273.85 | -0.21% |
The Metals: Gold saw a $5.65 gain at $1379.75 in Asia before it fell to see a $9.55 loss at $1364.55 by late morning in New York, but it then bounced back higher in the last couple of hours of trade and ended with a loss of just 0.19%. Silver rose to $29.42 and fell to $28.78 before it also rallied back higher in late trade, but it still with a loss of 0.14%. Euro gold climbed to over €1054, platinum gained $4 to $1726.50, and copper fell 8 cents to about $4.32. Gold and silver equities fell over 2% by late morning and remained near that level for the rest of the day. The Economy: Report | For | Reading | Expected | Previous | Initial Claims | 1/01 | 409K | 405K | 391K |
Tomorrow at 8:30AM EST brings December’s jobs data. Nonfarm Payrolls are expected at 150,000, the Unemployment Rate is expected at 9.7%, Hourly Earnings are expected at 0.1%, and the Average Workweek is expected at 34.3. At 3PM is Consumer Credit for November expected at -$2.5 billion. The Markets:
Charts Courtesy of http://finance.yahoo.com/ Oil fell as the U.S. dollar index rose on caution ahead of tomorrow’s jobs data that sent treasuries higher. The Dow, Nasdaq, and S&P waffled near unchanged on apprehension ahead of tomorrow’s jobs report. Among the big names making news in the market today were Verizon, AT&T, and Microsoft. GATA Posts:
Peter Brimelow: Gold is pole-axed but bugs (and others) are calm Kansas City Fed president calls gold standard 'very legitimate' Brazil says it won't let U.S. 'melt the dollar' World food price index hits record high The Statistics: Activity from: 1/05/2011 Gold Warehouse Stocks: | 11,639,159 | -1,984 | Silver Warehouse Stocks: | 106,320,245 | +552,841 |
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 | 1272.682 | 40,917,985 | US$55,992m | London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 123.24 | 3,962,401 | US$5,447m | London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 132.42 | 4,257,356 | US$5,853m | Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,953 | US$627m | Johannesburg Securities Exchange (JSE) | New Gold Debentures | 50.99 | 1,639,283 | US$2,304m | NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,963 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.79 tonnes. COMEX Gold Trust (IAU) Total Tonnes in Trust: 117.94: -0.03 change from yesterday’s data. Silver Trust (SLV) Total Tonnes in Trust: 10,917.19: -0.38 change from yesterday’s data. The Miners: Orezone’s (OZN) drill results, Vista Gold’s (VGZ) unusual market activity, Brigus Gold’s (BRD) Technical Report, Silver Standard’s (SSRI) exercised over-allotment option, Metalline’s (MMG) drill results, Endeavour’s (EXK) new production records, Alexco’s (AXU) commercial production, and SilverCrest’s (SVL.V) start-up production and commissioning phase activities were among the big stories in the gold and silver mining industry making headlines today. WINNERS 1. Kimber | KBX +3.88% $1.34 | 2. Randgold | GOLD+1.24% $79.14 | 3. Ivanhoe | IVN +0.50% $24.11 |
LOSERS 1. Silver Wheaton | SLW -6.71% $34.19 | 2. Almaden | AAU -6.49% $4.47 | 3. Nevsun | NSU -5.69% $6.96 |
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: Strategic Metals Announces Acquisition of Vanadium Project - More - January 06, 2011 | Item | ShareThis
Crazy Horse Intersects 216m 0.5% Cu, 0.32g/T Au and 2.12 g/T Ag in Drill Holes CZT003-CZT005 - More - January 06, 2011 | Item | ShareThis
PBX Completes Airborne ZTEM Survey Over its Copaquire & Huatacondo Properties in Chile - More - January 06, 2011 | Item | ShareThis
Terreno Resources Corp. Announces Appointment of New Chief Financial Officer - More - January 06, 2011 | Item | ShareThis
Tirex Resources Appoints European Bank for Reconstruction and Development ("EBRD") Nominee to Board of Directors-Mr. John G. Booth, BSc, LLB, JD, LLM - More - January 06, 2011 | Item | ShareThis
Ateba Raises $1.8 Million Through Private Placement - More - January 06, 2011 | Item | ShareThis
Amseco Announces the Granting of a Drilling Contract for its Malartic Property, Quebec - More - January 06, 2011 | Item | ShareThis
Otterburn Resources Closes IPO - More - January 06, 2011 | Item | ShareThis
Stina Announces Expanded 2011 Exploration Programs on Dime and Kodiak Properties in White Gold District, Yukon - More - January 06, 2011 | Item | ShareThis
Ur-Energy Delineates Deeper Resources at Lost Creek - More - January 06, 2011 | Item | ShareThis
Laramide Files for Operating Permits at its La Sal Uranium Project in Utah - More - January 06, 2011 | Item | ShareThis
ICN Reports Initial Sample Results From Rockland-Pine Grove - More - January 06, 2011 | Item | ShareThis
UC Resources Extends Warrants - More - January 06, 2011 | Item | ShareThis
Sphere Resources Completes Sale of Its Interest in Two Salars in Argentina for Close to US $1,000,000 - More - January 06, 2011 | Item | ShareThis
Afri-Can Receives Conditional Approval for Acquisition of EPL 3403 Marine Diamond Concession in Namibia and Amends Acquisition Agreement - More - January 06, 2011 | Item | ShareThis
Globex Expands its Strategic Chibougamau Copper-Gold-Zinc Land Position - More - January 06, 2011 | Item | ShareThis
Mountain Boy Minerals Ltd.: All Zones Expanded and High Grade Gold-Copper Zone Prospected at BA - More - January 06, 2011 | Item | ShareThis
Woulfe Mining Completes $10 Million Equity Financing with Korea Zinc - More - January 06, 2011 | Item | ShareThis
Lake Shore Gold Declares Commercial Production at Timmins Mine, 12,300 Ounces of Gold Produced in December 2010 - More - January 06, 2011 | Item | ShareThis
Sandstorm Resources Releases US$7 Million to Rambler Metals & Mining and Provides Update on Ming Mine - More - January 06, 2011 | Item | ShareThis
Amex Starts Drilling on New Gold Bearing Structure at Cameron Property - More - January 06, 2011 | Item | ShareThis
Orvana Minerals Corp.: Copperwood Drill Results Show Continuous Mineralization Into Copperwood S6, Michigan, USA - More - January 06, 2011 | Item | ShareThis
Lithium Americas Completes Significant Operational Milestones at Cauchari-Olaroz - More - January 06, 2011 | Item | ShareThis
Eagle Plains Provides Analytical Results from Reverse Circulation Drill Program at Yellowjacket Project, Northwestern BC - More - January 06, 2011 | Item | ShareThis
Lithium One Reports Best Drill Results to Date From Sal de Vida Brine Project - More - January 06, 2011 | Item | ShareThis
TintinaGold Reports Initial Inferred Copper-Cobalt-Silver Resource on Its Sheep Creek Property, Montana, USA - More - January 06, 2011 | Item | ShareThis
Discovery Hole at Canaco's Harvest Project in Ethiopia Intersects 52.1 Metres at 1.55 Grams Gold Per Tonne and 4.10% Copper - More - January 06, 2011 | Item | ShareThis
Alderon Selects BBA & Stantec as Scoping Study Consultants - More - January 06, 2011 | Item | ShareThis
Revolution Intersects 30.0 Meters Averaging 2.59 g/t Au and 70.0 Meters Averaging 1.10 g/t Au in Initial Holes at Champion Hills Project, Carolina Slate Belt - More - January 06, 2011 | Item | ShareThis
Nevado Resources Corporation: Change in the Board of Directors and Senior Management - More - January 06, 2011 | Item | ShareThis
Sandspring Appoints David Constable to Board and Greg Barnes as Executive Vice President - More - January 06, 2011 | Item | ShareThis
Assay Values Up to 21.50 g/t Gold Confirmed from Surveying/Sampling of the Sturgeon River Mine Tailings - More - January 06, 2011 | Item | ShareThis
Sandstorm Resources Announces an Updated Technical Report and Provides an Update on Mine Operations at Brigus Gold's Black Fox Mine - More - January 06, 2011 | Item | ShareThis
Dios Exploration/Completion of the Shipshaw Area Mineral Claim Agreement: Issuance of the Last 250,000 Common Shares - More - January 06, 2011 | Item | ShareThis
Manicouagan Minerals Initiates Airborne Geophysical Survey at the Expanded Brabant Lake Zinc Project, Saskatchewan - More - January 06, 2011 | Item | ShareThis
Quia Announces First Results of Surface Sampling and Mapping Programs - More - January 06, 2011 | Item | ShareThis
Yorbeau Resources Inc.: Agnico-Eagle to Commence $4.8 MM Drilling Program on Ellison Property - More - January 06, 2011 | Item | ShareThis
Lumina Intersects 244 Meters Grading 1.36% Copper Equivalent, Including 102 Meters Grading 1.99% Copper Equivalent at Taca Taca-Announces Significant Expansion - More - January 06, 2011 | Item | ShareThis
Otis Receives Preliminary Environmental Scoping Study on Kilgore Gold Project - More - January 06, 2011 | Item | ShareThis
Tournigan Reports 94% Uranium Recovery from Kuriskova Test Work - More - January 06, 2011 | Item | ShareThis
Treasury Metals Appoints Vice President Exploration and Continues to Advance Goliath Gold Project - More - January 06, 2011 | Item | ShareThis
Probe Mines Acquires Additional Property on Its Borden Lake Project Near Chapleau, Ontario - More - January 06, 2011 | Item | ShareThis
Adex Mining to Commence Tin Metal Test Work - More - January 06, 2011 | Item | ShareThis
Sunridge Gold Intercepts Strong VMS Mineralization at the Asmara Project, Eritrea - More - January 06, 2011 | Item | ShareThis
Formation Signs EPCM Letter of Intent with JDS for Idaho Cobalt Project - More - January 06, 2011 | Item | ShareThis
Evolving Gold Drilling Expands the Antelope Basin Gold Zone - More - January 06, 2011 | Item | ShareThis
Energy Fuels Granted Approval for License for Pinon Ridge Uranium/Vanadium Mill by Colorado Department of Public Health and Environment - More - January 06, 2011 | Item | ShareThis
General Metals Announces the Addition of Two Members to Its Gold Production Team - More - January 06, 2011 | Item | ShareThis
Gold Wheaton and Franco-Nevada Amend Terms of the Consideration and Sign Definitive Agreement for Friendly Business Combination - More - January 06, 2011 | Item | ShareThis
Tres-Or Begins Drilling at Its Advanced Duvay Gold Project, Quebec - More - January 06, 2011 | Item | ShareThis
Willow Creek Completes Filing for Forward Split - More - January 06, 2011 | Item | ShareThis
BonTerra Resources Inc.: First 2 Holes of Phase 2 Complete, Eastern Extension Property - More - January 06, 2011 | Item | ShareThis
Silver Standard Announces Exercise of Over-Allotment Option in Connection With the IPO of Pretium Resources Inc. - "Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) ("Silver Standard" or the "Company") announces that Pretium Resources Inc. ("Pretium") issued today an additional 3,000,000 common shares at a price of $6.00 per share upon the exercise, in part, of an over-allotment option by the syndicate of underwriters granted in connection with Pretium's initial public offering (the "Option Exercise").More - January 06, 2011 | Item | ShareThis
Orezone Gold Corporation: Positive Deeper Drilling Results at Bombore Indicate Upside at Depth - "Orezone Gold Corporation (TSX:ORE - News) is pleased to announce positive results from the start of an extensive 120,000m drill program to further infill and expand gold resources at its 100% owned Bombore Project in Burkina Faso, West Africa. Of the first 18 holes, 14 targeted and intersected the Maga Main Zone covering a 650m strike length at depths between 50 to 122 m (average depth of 89m) in the fresh-rock (sulphide) mineralization. These intersections average 1.18g/t which are in line with projections from the current model down to this depth. Ten holes, including seven that were collared to intersect the Maga Main Zone, also intersected mineralization on the eastern flank (hanging wall) of the main zone (Maga HW) over a strike length of 300m at depths between 10 to 116m and with an average grade of 0.95 g/t. These results are also in line with the current resource model. The results validate the current resource model and more importantly, confirm the extension and grade of the sulphide mineralization below the model and thereby the immediate potential to further expand resources at depth with further drilling." More - January 06, 2011 | Item | ShareThis
Vista Gold Corp. States That Its Policy Is Not to Comment on Unusual Market Activity - "Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex Equities: VGZ) announced today that as a result of unusual market activity in the Company's common shares on January 5, 2011, the NYSE Amex contacted the Company in accordance with the NYSE Amex's usual practice and requested that the Company issue a public statement regarding the unusual market activity. The Company states that its policy is not to comment on unusual market activity." More - January 06, 2011 | Item | ShareThis
Metalline Reports on Final Drill Results From 2010 at the Sierra Mojada Project - "Metalline Mining Company (AMEX:MMG - News) announces the final drill results from the drilling of the shallow silver-zinc resource area ("Area A") at the Sierra Mojada Project located in Coahuila, Mexico. Results reported below are at a 30 gpt Ag or 1% Zn external cut-off." More - January 06, 2011 | Item | ShareThis
Endeavour Silver Sets New Production Records in 4th Quarter, 2010, Silver Production Up 15% to 895,931 oz, Gold Output Up 6% to 4,871 oz - "Endeavour Silver Corp. (TSX:EDR - News)(AMEX:EXK - News)(DBFrankfurt: EJD) announces that the Company set a new record for quarterly silver production in Q4, 2010, up 15% to 895,931 oz silver compared to Q4, 2009. Gold output also jumped to a new high in Q4, 2010, up 6% to 4,871 oz gold compared to Q4, 2009." More - January 06, 2011 | Item | ShareThis
Brigus Gold Completes an Updated Black Fox Mine Technical Report and Provides an Update on Black Fox Mine Operations - "Brigus Gold Corp. (“Brigus” or the “Company”) (TSX:BRD.to - News) (NYSE Amex: BRD) announces the results from a recently completed independent Technical Report (the “Report”) on its Black Fox Mine in the Timmins Gold District, Ontario, Canada. The Report was based on the mine operations and reserves as of October 31, 2010 and included a Net Present Value of $359.4 million for the Black Fox Mine using a 5% discount rate. The Company also provides an update on underground development at the Black Fox Mine including production results from the fourth quarter (“Q4”) of 2010, which have been impacted by development progress. All currency is reported in U.S. dollars." More - January 06, 2011 | Item | ShareThis
Alexco Achieves Commercial Production at Bellekeno - "Alexco Resource Corp. (TSX:AXR - News)(AMEX:AXU - News) ("Alexco" or the "Company") is pleased to announce that it has declared commercial production to have been achieved as of January 1, 2011 at its 100% owned Bellekeno silver-lead-zinc mine and mill complex in the Keno Hill Silver District, Yukon Territory. Commissioning of the Bellekeno conventional flotation plant and underground mine, initiated in late September 2010, was completed at the end of December with both the mine and mill operating at initial design throughput of 250 tonnes per day of ore for 30 days. This activity has also satisfied the Initial Completion test under the Company's silver purchase agreement with Silver Wheaton Corp. (NYSE:SLW - News)(TSX:SLW - News). For financial reporting purposes, this declaration of commercial production establishes January 2011 as the first full month of commercial production." More - January 06, 2011 | Item | ShareThis
SilverCrest Santa Elena Mine Start-Up Phase Update - "SilverCrest Mines Inc. (the "Company")(TSX-V:SVL - News) is pleased to report on start-up production and commissioning phase activities at its 100% owned Santa Elena mine located in Sonora, Mexico. The mine is expected to produce approximately 35,000 ounces of gold and 600,000 ounces of silver per full year of production at an estimated life of mine cash cost of less than US$375 per ounce of gold equivalent. The most significant production activities completed since the first metal pour on September 9, 2010 are outlined below." More - January 06, 2011 | 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, 6 January 2011 | Digg This Article | Source: GoldSeek.com
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