-- Posted Monday, 31 January 2011 | | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1333.80 | -$7.00 |
Silver | $28.16 | +$0.26 |
XAU | 199.92 | +0.11% |
HUI | 506.20 | -0.69% |
GDM | 1497.32 | -0.68% |
JSE Gold | 2522.15 | +0.68 |
USD | 77.78 | -0.36 |
Euro | 136.87 | +0.79 |
Yen | 121.83 | +0.07 |
Oil | $92.19 | +$2.85 |
10-Year | 3.378% | +0.049 |
T-Bond | 120.625 | -0.8125 |
Dow | 11891.93 | +0.58% |
Nasdaq | 2700.08 | +0.49% |
S&P | 1286.12 | +0.77% |
The Metals:
Gold traded only slightly lower in Asia before it fell back off in London and saw a $17.80 loss at as low as $1323.00 by about 9:30AM EST, but it then rallied back higher for most of the rest of trade in New York and ended with a loss of just 0.52%. Silver fell $0.383 to as low as $27.517 at around 7AM EST before it also rallied back higher in New York and ended near its late session high of $28.425 with a gain of 0.93%.
Euro gold fell to about €974, platinum lost $1 to $1788.50, and copper gained almost 9 cents to about $4.45.
Gold and silver equities waffled near unchanged and ended mixed.
China Should Buy More Gold, Silver for Reserves, Daily Reports Bloomberg
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | Dec | 0.4% | 0.5% | 0.4% |
Personal Spending | Dec | 0.7% | 0.6% | 0.3% |
PCE Prices - Core | Dec | 0.0% | 0.1% | 0.1% |
Chicago PMI | Jan | 68.8 | 65.0 | 66.8 |
Tomorrow at 10AM EST brings Construction Spending for December expected at -0.5% and the ISM Index for January expected at 58.2.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose above $92 on continued uncertainty over Egypt and the potential for spreading disruptions. Brent crude topped $100 a barrel.
The U.S. dollar index fell as the euro rose “after the European Union statistics agency said consumer price inflation in the euro zone advanced at a 2.4% annual rate in January, up from 2.2% in December.”
Treasuries fell as the Dow, Nasdaq, and S&P followed energy stocks higher.
Among the big names making news in the market today were Intel, Chrysler, NeoPhotonics, Epocrates, Alpha Natural Resources and Massey Energy, and Exxon Mobil.
GATA Posts:
Chris Powell: And was Jerusalem builded here?
FOFOA: Who is draining GLD? Probably giants who want metal
Germany promised U.S. in 1967 not to convert dollars to gold
The Statistics:
Activity from: 1/28/2011
Gold Warehouse Stocks: | 11,496,277 | -94,423 |
Silver Warehouse Stocks: | 104,580,473 | -104,706 |
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 | 1224.118 | 39,356,623 | US$52,208m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 121.34 | 3,901,253 | US$5,194m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 134.41 | 4,321,452 | US$5,753m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,826 | US$610m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 51.10 | 1,642,770 | US$2,182m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,962 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.428 tonnes
COMEX Gold Trust (IAU) Total Tonnes in Trust: 115.82 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,426.43 - No change from yesterday’s data.
The Miners:
Solitario’s (XPL) drill results, Anatolia’s (ANO.TO) drilling program and merger with Avoca, Eldorado’s (EGO) dividend, Gold Resource’s (GORO) dividend, Ivanhoe’s (IVN) development budget, ECU Silver’s (ECU.TO) amended debt facility, and Silvercorp’s (SVM) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Metalline | MMG+7.48% $1.15 |
2. Minco Gold | MGH +4.91% $2.35 |
3. Entree | EGI +4.63% $2.94 |
LOSERS
1. Banro | BAA-4.31% $3.11 |
2. Claude | CGR-3.57% $1.89 |
3. Rubicon | RBY -3.43% $4.79 |
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:
Canarc Not Proceeding With Acquisition of Relief Canyon Gold Mine but Will Proceed With $300,000 Convertible Debenture and Purchase of Relief Canyon Assay Lab - More
- January 31, 2011 | Item | ShareThis
Guyana Precious Metals announces the grant of stock options - More
- January 31, 2011 | Item | ShareThis
Goldbank Mining Corporation: Technical Report on Yukon Leota Gold Property Released - More
- January 31, 2011 | Item | ShareThis
ECU Silver to Amend Terms of its Debt Facility - "The recent results from our underground development work has been very encouraging and so we are currently evaluating a new exploration program to further delineate these recent findings. Consequently, the amendment to the debt facility will provide us with more flexibility in the use of our operating cash flows and help us focus on funding a more aggressive exploration plan". More
- January 31, 2011 | Item | ShareThis
Drilling Progress, Second Drill on Site, on Adroit Resources Inc.'s Red Vein Volcanogenic Massive Sulphide (VMS) Property - More
- January 31, 2011 | Item | ShareThis
Treasury Metals Adds a Second Drill Rig to Its Goliath Gold Project - More
- January 31, 2011 | Item | ShareThis
Gold Bag Proposes Name Change to Focus Gold Corporation - More
- January 31, 2011 | Item | ShareThis
ANATOLIA SHAREHOLDERS APPROVE MERGER WITH AVOCA - "Anatolia Minerals Development Limited ("Anatolia" or the "Corporation") [TSX: ANO] announced that at a special meeting (the "Meeting") of the Company's shareholders (the "Shareholders") held earlier today, all four resolutions that Shareholders were asked to consider in connection with the proposed merger (the "Merger") between the Corporation and Avoca Resources Limited ("Avoca") were overwhelmingly approved. Of the Corporation's issued and outstanding shares, 116,223,595, or 83.57% were represented at the Meeting." More
- January 31, 2011 | Item | ShareThis
Alix Acquires Yukon Gold, Silver and Base Metal Properties From Strategic Metals Ltd. - More
- January 31, 2011 | Item | ShareThis
Selwyn Resources Ltd.: High-Grade Drill Results Continue from XY Central Deposit - More
- January 31, 2011 | Item | ShareThis
Verbina Resources Inc.: Corporate Update - More
- January 31, 2011 | Item | ShareThis
Pacific North West Capital Acquires 100% Interest in the River Valley Platinum Group Metals (PGM) Project, ON - More
- January 31, 2011 | Item | ShareThis
Edgewater Drills 10.72 g/t Gold Over 17.0 m at Corcoesto Gold Project-Expands Mineralized Gold Zone - More
- January 31, 2011 | Item | ShareThis
Great Western Minerals Group Signs Letter of Intent to Supply Rare Earth Alloys to U.S. Based Electron Energy Corporation - More
- January 31, 2011 | Item | ShareThis
Astur Gold Announces Strong Local Support for Salave Development - More
- January 31, 2011 | Item | ShareThis
Calibre Officers and Directors Exercise Warrants - More
- January 31, 2011 | Item | ShareThis
Bolero Assays Over 27,000 PPM "Tree" From Northern BC Rare Earth Element Prospect - More
- January 31, 2011 | Item | ShareThis
International Enexco Ltd. Appoints Bill Willoughby to COO and Prepares for Feasibility Study and Permitting at Contact, Nevada - More
- January 31, 2011 | Item | ShareThis
Hana Announces Recoveries of 79.9% Copper from Metallurgical Conventional Flotation Recovery Testing on Sulphides from the Chalcocite Zone - More
- January 31, 2011 | Item | ShareThis
Cortez Intersects 26m of 1.2 g/t Gold at the Petlacala Gold-Silver Project, Mexico - More
- January 31, 2011 | Item | ShareThis
Columbus Gold Encounters Gold in 4 of 5 Initial Drill Holes at Weepah Gold Project, Nevada - More
- January 31, 2011 | Item | ShareThis
Empire Mining Corporation: Bulqiza Chromite Project-Exploration Progress Report - More
- January 31, 2011 | Item | ShareThis
BCGold Corp. Provides Exploration Update - More
- January 31, 2011 | Item | ShareThis
Bob Gallagher Appointed to Southern Arc Board of Directors - More
- January 31, 2011 | Item | ShareThis
Change of Name to Curis Resources Ltd & New Trading Symbol "CUV" - More
- January 31, 2011 | Item | ShareThis
Chieftain Metals Inc. Receives Mines Act and MX Permits for Tulsequah Project and Contracts 30,000 Metre Drilling Program to start March, 2011 - More
- January 31, 2011 | Item | ShareThis
Denison Outlines 2011 Operating Plans and Releases Final 2010 Production and Sales Volumes - More
- January 31, 2011 | Item | ShareThis
Corex Commences 20,000 m Drill Program on Santana Property - More
- January 31, 2011 | Item | ShareThis
San Gold appoints George Pirie director - More
- January 31, 2011 | Item | ShareThis
Golden Anvil Concentrates Received and New Process Tested - More
- January 31, 2011 | Item | ShareThis
VMS Reports 28.05 Metres of 4.85% Copper from In-Fill Hole RLD021 at Reed Lake Joint Venture - More
- January 31, 2011 | Item | ShareThis
Canadian Zinc Corporation: Land Use Permit Extension Approved - More
- January 31, 2011 | Item | ShareThis
AXMIN: Revalidated Feasibility Study Details a Significantly Improved Passendro Project Both Technically and Economically - More
- January 31, 2011 | Item | ShareThis
Solitario Reports Outstanding Drilling Results on Its Bongará High-Grade Zinc Project, Peru - "Solitario Exploration & Royalty Corp. (NYSE Amex:XPL) (TSX:SLR.to - News) announced outstanding drilling results on its high-grade Bongará zinc project in Peru. Included in these results is drill hole V-220 that intersected 17.4 meters grading 23.9% zinc + lead (“Zn+Pb”) and a second zone grading 28.3 meters at 5.5% Zn+Pb, making this hole the second best hole ever drilled on the project. Even more remarkable, is the fact that drill hole V-220 is a step-out hole situated on the southernmost boundary of the current drill pattern. Also of significance, are drill holes V-213 and V-218 that intersected strong mineralization in the northeasternmost sector, over two kilometers from V-220." More
- January 31, 2011 | Item | ShareThis
ANATOLIA ANNOUNCES DRILLING PROGRAM AT ÇÖPLER GOLD MINE - "Anatolia Minerals Development Limited ("Anatolia" or the "Company") [TSX: ANO] announces the commencement of a new drilling program at its Çöpler Gold Mine in Turkey. The objective of the program is to drill for the extensions of previously intersected high grade gold mineralization and additional sulphide and oxide targets, mainly outside the pit boundaries and at depth. The initial drill plan includes approximately 15,000 total meters of diamond core and reverse-circulation drilling." More
- January 31, 2011 | Item | ShareThis
Eldorado Gold-Dividend Payment of CDN $0.05 Per Share - "On January 10, 2011 Eldorado Gold Corporation (TSX:ELD - News)(NYSE:EGO - News)(ASX:EAU - News) ("Eldorado" "the Company" or "We") announced that the Board of Directors had declared that the Company will pay an eligible dividend of CDN$0.05 per Common Share on February 25, 2011 (Vancouver time). The dividend is payable to the holders of the Company's outstanding Common Shares as of the close of business on the record date of February 11, 2011 (Vancouver time). The total amount of this dividend represents approximately $100 per ounce of gold sold by Eldorado in the second half of 2010." More
- January 31, 2011 | Item | ShareThis
Underground Drilling Intercepts 2.0 Metres Grading 1,593 Grams per Tonne Silver, 28.78 Percent Lead and 3.48 Percent Zinc on the S2 Vein at Depth - "Silvercorp Metals Inc. ("Silvercorp") (TSX:SVM - News)(NYSE:SVM - News) is pleased to report drill results on the S2 Vein, part of its 2010 underground diamond drilling program at the Ying Mine, Ying Mining District, Henan Province, China. The 2010 underground drill program at the Ying Mine intended to investigate down dip extensions of several major production veins (e.g. S16W, S14, S7, S21, and S8) and to drill laterally to define new veins or under-explored veins near these major production veins." More
- January 31, 2011 | Item | ShareThis
Quantum Announces Closing of a Merger With Silver Mountain Mines - More
- January 31, 2011 | Item | ShareThis
Further Drilling at African Queen's King Solomon Project Confirms Significant Copper, Gold and Silver Mineralization at Mankombiti Target - More
- January 31, 2011 | Item | ShareThis
Gold Resource Corporation Declares Seventh Special Cash Dividend - "Gold Resource Corporation (GORO) (AMEX:GORO - News) is pleased to announce it has declared its seventh Special Cash Dividend of $0.03 per common share to its shareholders of record February 14, payable February 25, 2011. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico." More
- January 31, 2011 | Item | ShareThis
Ivanhoe Australia Approves $30 Million Budget for Kulthor/Osborne Development - "Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (TSX:IVA - News)(ASX:IVA - News), announced today that $30 million of development capital has been approved for the Kulthor/Osborne development on the company's Cloncurry district tenements in Queensland (see Figure 1)." More
- January 31, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Monday, 31 January 2011 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
