-- Posted Friday, 15 April 2011 | | Source: GoldSeek.com
| Close | Gain/Loss | On Week |
Gold | $1485.20 | +$13.80 | +0.85% |
Silver | $42.52 | +$0.86 | +4.75% |
XAU | 218.71 | -0.21% | -4.47% |
HUI | 584.21 | -0.27% | -3.63% |
GDM | 1704.22 | -0.33% | -3.83% |
JSE Gold | 2811.09 | -17.80 | -0.96% |
USD | 74.86 | +0.17 | -0.16% |
Euro | 144.26 | -0.61 | -0.20% |
Yen | 120.42 | +0.65 | +2.17% |
Oil | $109.66 | +$1.55 | -2.78% |
10-Year | 3.410% | -0.075 | -4.48% |
Bond | 120.8125 | +1.125 | +1.92% |
Dow | 12341.76 | +0.46% | -0.31% |
Nasdaq | 2764.65 | +0.13% | -0.57% |
S&P | 1319.68 | +0.39% | -0.64% |
The Metals:
Gold traded mostly modestly higher in Asia and London before it accelerated up in late morning New York trade and ended near its new all-time high of $1487.30 with a gain of 0.94%. Silver soared to a new 31-year high of $42.85 and ended with a gain of 2.06%.
Euro gold rose to about €1029, platinum gained $0.80 to $1788, and copper fell a few cents to about $4.25.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | Mar | 0.5% | 0.5% | 0.5% |
Core CPI | Mar | 0.1% | 0.2% | 0.2% |
Empire Manufacturing | Apr | 21.7 | 15.0 | 17.5 |
Net Long-Term TIC Flows | Feb | $26.9B | - | $51.1B |
Industrial Production | Mar | 0.8% | 0.6% | 0.1% |
Capacity Utilization | Mar | 77.4% | 77.4% | 76.9 |
Michigan Sentiment | Apr | 69.6 | 66.5 | 67.5 |
All of this week’s other economic reports:
Next week’s economic highlights include the NAHB Housing Market Index on Monday, Housing Starts and Building Permits on Tuesday, Existing Home Sales on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, Leading Indicators, and the FHFA Housing Price Index on Thursday. Markets will be closed on Friday in observance of Good Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on better than expected economic data.
The U.S. dollar index rose as the euro fell “after comments by a German official saying Germany would back a voluntary restructuring by Greece of its debt.”
Treasuries rose on worries over debt problems in Europe.
The Dow, Nasdaq, and S&P rose on better than expected economic data.
Among the big names making news in the market Friday were Google, Mattel, Nestle, BofA, and RIM.
GATA Posts:
GoldSeek Radio interviews GATA Chairman Bill Murphy
Gold Standard Institute's letter focuses on infinite debt
J.S. Kim: GATA proved gold market manipulation long ago
The Statistics:
Activity from: 4/14/2011
Gold Warehouse Stocks: | 11,083,607 | -582 |
Silver Warehouse Stocks: | 102,651,019 | -488,569 |
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 | 1212.964 | 38,997,991 | US$57,579m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 115.22 | 3,704,313 | US$5,508m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 115.36 | 3,708,882 | US$5,510m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,430 | US$679m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.87 | 1,571,254 | US$2,307m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,958 | US$7m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 133.35 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,974.26: +4.55 change from yesterday’s data.
The Miners:
Tanzanian Royalty’s (TRE) resource base, Randgold’s (GOLD) Annual Information Update, Gold Fields’ (GFI) acquisition of IAMGOLD’s (IAG) interest in the Tarkwa and Damang gold mines in Ghana, South American Silver’s (SAC.TO) project clarification, and Coeur’s (CDE) assurances from the Morales Administration were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Solitario | XPL +10.18% $3.03 |
2. Richmont | RIC +6.53% $8.32 |
3. Gold Resource | GORO+4.72% $28.85 |
LOSERS
1. IAMGOLD | IAG-8.44% $20.07 |
2. Mines MGMT | MGN -5.90% $2.71 |
3. Minco Gold | MGH -4.81% $2.57 |
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:
Teck Inaugurates New Concentrator at Carmen de Andacollo - More
- April 15, 2011 | Item | ShareThis
First Point Grants Stock Options - More
- April 15, 2011 | Item | ShareThis
Calibre Intersects 10.25 g/t Gold and 288.25 g/t Silver Over 5.4 Metres at the Riscos De Oro Gold-Silver Property, Nicaragua - More
- April 15, 2011 | Item | ShareThis
Quaterra Provides Status Report at SW Tintic, Utah and Peg Leg, Arizona - More
- April 15, 2011 | Item | ShareThis
Gossan Hill Results Show Greater Widths, Drilling to Commence at Pine Bay - More
- April 15, 2011 | Item | ShareThis
Arco Announces Financing - More
- April 15, 2011 | Item | ShareThis
Continental Nickel Files the NI 43 101 Technical Report Which Supports the Recently Released Major Increase in Mineral Resources at its 75% Owned Nachingwea - More
- April 15, 2011 | Item | ShareThis
Empire Appoints Chief Operating Officer in Preparation for Mining at Bulqiza Chromite Project - More
- April 15, 2011 | Item | ShareThis
Gold-Ore Announces Earnings of C$1.0 million in First Quarter, 2011 - More
- April 15, 2011 | Item | ShareThis
Western Troy Grants Options - More
- April 15, 2011 | Item | ShareThis
PolyMet Updates Status of Environmental Review - More
- April 15, 2011 | Item | ShareThis
Southern Hemisphere Mining Limited: Exploration Update-Chilean Copper-Gold Projects - More
- April 15, 2011 | Item | ShareThis
Cayden Graduates to Tier 1 on the TSX Venture Exchange - More
- April 15, 2011 | Item | ShareThis
Hathor Provides Update on Russell Lake Project - More
- April 15, 2011 | Item | ShareThis
Mawson West Announces Stock Symbol Change - More
- April 15, 2011 | Item | ShareThis
Balmoral Intersects 10.51 g/t Gold Over 9.72 Metres and 10.58 g/t Gold Over 6.93 Metres in Follow-Up Drilling at Martiniere West, Quebec - More
- April 15, 2011 | Item | ShareThis
Stillwater Canada, Inc. Announces Voluntary Agreement to Harmonize Environmental Assessment Process - More
- April 15, 2011 | Item | ShareThis
ECPN Announces Arrakis Report Indicating Potential Economic Values of Gold as Well as Platinum Group Metals - More
- April 15, 2011 | Item | ShareThis
Nuinsco Reports Drill Results from Prairie Lake Rare Metals Project - More
- April 15, 2011 | Item | ShareThis
Paladin Energy Ltd: Quarterly Activities Report for Period Ending-31 March 2011 - More
- April 15, 2011 | Item | ShareThis
BonTerra Corporate Update & Samples Sent for Rush Assay - More
- April 15, 2011 | Item | ShareThis
Greystar Resources Announces the Retirement of Frederick Felder, Executive Vice President - More
- April 15, 2011 | Item | ShareThis
Tanzanian Royalty's Buckreef Gold Project Resource Base Climbs to Approximately Two Million Ounces Utilizing Lower Cutoff Grade - "The Company is pleased to provide an update on its recently acquired Buckreef Gold Mine Re-development Project in Tanzania’s Lake Victoria Greenstone Belt. The Buckreef Project is a 55/45 joint venture between Tanzanian Royalty Exploration and the State Mining Corporation of Tanzania (Stamico). This update is based on a comprehensive review conducted by the Company of previous work completed on the Buckreef Project prior to our acquisition." More
- April 15, 2011 | Item | ShareThis
Randgold Resources Ld - Annual Information Update - "In accordance with ProspectusRule 5.2, Randgold Resources Limited submits its Annual InformationUpdate, following the publication of our Annual Report in March 2011.This Annual Information Update refers to information that has beenpublished or made available to the public in Jersey, the UK, the USAand Canada." More
- April 15, 2011 | Item | ShareThis
South American Silver Clarifies Private Ownership and Status of the Malku Khota Project - "South American Silver Corp. (TSX:SAC - News)(PINK SHEETS:SOHAF - News) clarifies recent media coverage regarding the potential for the Government of Bolivia to "recover" operatorship control of certain State owned mines. On Thursday April 14th, the Minister of Mining and Metallurgy, through the Government's official Information Agency (ABI #238272) stated that Bolivia is evaluating greater operatorship in four specific mines, which are all 100% owned by COMIBOL (the Bolivian State Mining Corporation) and that are currently under lease agreements from COMIBOL as part of a privatization process in the mid-1990's." More
- April 15, 2011 | Item | ShareThis
Gold Fields Acquires IAMGOLD's 18.9% Minority Stake in the Tarkwa and Damang Gold Mines in Ghana for Us$667 Million - "Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that it has entered into a binding agreement with IAMGOLD Corporation to acquire its 18.9% minority stake in the Tarkwa and Damang gold mines in Ghana, for a cash consideration of US$667 million." More
- April 15, 2011 | Item | ShareThis
IAMGOLD To Sell Its Interest in Tarkwa and Damang Mines in Ghana for $667 Million in Cash - "IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG - News)(NYSE:IAG - News)(BOTSWANA: IAMGOLD) announced today that it has reached an agreement to sell its 18.9% interest in the Tarkwa and Damang gold mines in Ghana, West Africa to Gold Fields Limited ("Gold Fields") for $667 million ("the Transaction"). The Transaction is subject to the approval of Gold Fields' shareholders and is expected to close no later than July 31, 2011." More
- April 15, 2011 | Item | ShareThis
Coeur Manquiri Receives Assurance from Morales Administration That San Bartolomé Not Subject to Nationalization - "Coeur d’Alene Mines Corporation (NYSE:CDE - News)(TSX:CDM.to - News) today announced that it has received assurances from the Morales Administration in Bolivia that its San Bartolomé mine is not subject to any proposed nationalization in Bolivia." More
- April 15, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Friday, 15 April 2011 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Rise Almost 1% and 5% on the Week to New Highs
