Gold climbed $5.13 to $1619.93 by a little after 8AM EST before it fell back to $1602.55 by late morning in New York, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.12%.Silver fell to as low as $39.342 before it also rallied back higher, but it still ended with a loss of 1.97%.
Euro gold climbed to about €1127, platinum lost $15.60 to $1785.20, and copper gained a couple of cents to about $4.46.
Gold and silver equities fell over 2% by midmorning before they rallied back higher midday, but they still ended with about 1% losses.
Tomorrow at 8:30AM EST brings second quarter GDP expected at 1.7%, the GDP Deflator expected at 2.0%, and the Employment Cost Index expected at 0.5%.At 9:45 is Chicago PMI for July expected at 58.0, and at 9:55 is Michigan Sentiment for July expected at 63.8.
Oil edged higher on worries over a tropical storm headed towards the Texas Coast.
The U.S. dollar index rose along with the Dow, Nasdaq, and S&P on better than expected economic data for most of the day, but debt concerns dragged the Dow and S&P back lower by the close.Treasuries remained higher after today’s $29 billion 7-year note auction sold at a high yield of 2.28% with a bid to cover of 2.63.
Among the big names making news in the market today were Sprint, JetBlue, HSBC, Credit Suisse, Exxon, Time Warner, and Baidu.
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
1244.799
40,021,522
US$64,553m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
115.35
3,708,632
US$5,979m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
126.23
4,058,350
US$6,542m
Australian Stock Exchange (ASX)
Gold Bullion Securities
14.21
473,874
US$737m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
48.09
1,546,048
US$2,512m
NASDAQ Dubai
Dubai Gold Securities
0.154
4,952
US$8m
Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.03 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 155.74: +0.91 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,915.86: No change from yesterday’s data.
Rubicon’s (RBY) closed private placement, Eldorado’s (EGO) dividend, Gold Fields’ (GFI) mine fatalities, NovaGold’s (NG) Prefeasibility Study results, Brigus Gold’s (BRD) drill results, Barrick’s (ABX) second quarter results, and Gold Resource’s (GORO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Rubicon
RBY+29.91% $4.17
2.Vista Gold
VGZ +4.47% $3.27
3.Kimber
KBX +3.65% $1.99
LOSERS
1.Golden Minerals
AUMN-6.58% $14.62
2.Agnico Eagle
AEM -5.69% $56.83
3.Minco Gold
MGH -5.45% $1.56
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:
UC Resources Starts Drilling Program on McFaulds Lake Property - More - July 28, 2011 | Item | ShareThis
Estrella Gold Announces Closing of $250,000 Private Placement Financing - More - July 28, 2011 | Item | ShareThis
The Environmental Assessment Process Moves to Information Request Phase for Tyhee's Wholly-Owned Yellowknife Gold Project, Northwest Territories, Canada - More - July 28, 2011 | Item | ShareThis
Rubicon Minerals Announces Closing of C$70,000,000 Strategic Investment by Agnico-Eagle Mines Limited - "Rubicon Minerals Corporation (RMX:TSX | RBY:NYSE-AMEX) ("Rubicon") is pleased to announce that the strategic investment of C$70,000,000 in Rubicon by Agnico-Eagle Mines Limited ("Agnico-Eagle") by way of a non-brokered private placement of common shares has closed." More - July 28, 2011 | Item | ShareThis
AuRo Resources Closes White Gold Transaction & Commences Exploration on Key Properties - More - July 28, 2011 | Item | ShareThis
High Pure Quartz Product Produced From Basic Flotation of Primary Clay Material - More - July 28, 2011 | Item | ShareThis
Lake Victoria Mining Company Reports Progressive Exploration Plans For Gold Projects In Tanzania, East Africa - More - July 28, 2011 | Item | ShareThis
Romios Gold Closes $3.25 Million Financing and Offers Up to a Further $1.986 Million of WC Units - More - July 28, 2011 | Item | ShareThis
Seafield Mobilizes Additional Diamond Drill Rig at Its Miraflores Property in Quinchia, Colombia - More - July 28, 2011 | Item | ShareThis
THEMAC Resources Group Enters into Amending Loan Agreement with Tulla Resources Group Pty Ltd. - More - July 28, 2011 | Item | ShareThis
Eldorado Gold Announces Dividend Payment of CDN $0.06 per Share - "On July 28, 2011 the Board of Directors of Eldorado Gold Corporation (TSX: ELD - News)(NYSE: EGO - News)(ASX: EAU.AX - News) declared that the Company will pay an eligible dividend of CDN$0.06 per Common Share on August 26, 2011 (Vancouver time) to the holders of the Company's outstanding Common Shares (held directly or indirectly through CHESS Depositary Interests ("CDIs") as of the close of business on the record date of August 12, 2011 (Vancouver time). The total amount of this dividend represents approximately $100 per ounce of gold sold by Eldorado in the first half of 2011." More - July 28, 2011 | Item | ShareThis
Gold Fields Fatalities at KDC Mine - "Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) regrets to announce the death of two employees at the Number 7 Shaft at its KDC East (formerly Kloof) mine after a seismic-related accident. Another five employees were injured, of whom two were hospitalised and are in a stable condition. The other three employees suffered only minor injuries." More - July 28, 2011 | Item | ShareThis
Firestone Ventures Commences Drilling at Black Mountain Zinc-Lead-Silver Project, Nevada - More - July 28, 2011 | Item | ShareThis
Duluth Metals Announces Dividend of Special Warrants of Duluth Exploration Limited to its Shareholders - More - July 28, 2011 | Item | ShareThis
Goldrea's Golden Rose Produces 1,289 Tonne Stockpile Grading 2.203 Grams Per Tonne Au in June and Director Resignation - More - July 28, 2011 | Item | ShareThis
Nevada Copper Obtains 100% of Water Needs for the Pumpkin Hollow Project - More - July 28, 2011 | Item | ShareThis
Duluth Metals Announces Dividend of Special Warrants of Duluth Exploration Limited to its Shareholders - More - July 28, 2011 | Item | ShareThis
Diamonds North Nickel Airborne Survey Completed on Amaruk - More - July 28, 2011 | Item | ShareThis
Premium Exploration Completes 35% of 10,000 Soil Campaign at Unglaciated Idaho Gold Project - More - July 28, 2011 | Item | ShareThis
Robex Resources Inc./Nampala: The Mineralisation Potential Continues to Depths Beyond 300 Meters - More - July 28, 2011 | Item | ShareThis
Matamec Extends its Kipawa Deposit - More - July 28, 2011 | Item | ShareThis
Lexam VG Gold Inc.: Drilling at Buffalo Ankerite Returns More Positive Exploration Results - More - July 28, 2011 | Item | ShareThis
Otish Samples up to 1940.0 Grams Per Tonne at Purini Project, Guyana - More - July 28, 2011 | Item | ShareThis
Dalradian Reports Regional Gold and Base Metal Targets for the Tyrone Project. Drill Rig 6 Arrives to Start Scout Drilling Program - More - July 28, 2011 | Item | ShareThis
Cerro Grande Mining Corporation Announces Information To Be Available Through Standard & Poor's Market Access Program - More - July 28, 2011 | Item | ShareThis
Bravada Options Signal Property to Terra Rossa Gold Ltd. - More - July 28, 2011 | Item | ShareThis
Aldrin to Commence Diamond Core Drilling at IND Project - More - July 28, 2011 | Item | ShareThis
Millrock Announces Drilling Results at Uncle Sam Gold Project, Alaska - More - July 28, 2011 | Item | ShareThis
Pitchstone Closes Financing and Begins Athabasca Drilling - More - July 28, 2011 | Item | ShareThis
Riverside Resources' Partner Mexigold Corp. Commences Exploration Targeting Work Programs at the Catrina and Pedernal Gold Projects in Durango, Mexico - More - July 28, 2011 | Item | ShareThis
Solvista Gold to Commence Drill Program on Guadalupe Project in Fourth Quarter - More - July 28, 2011 | Item | ShareThis
Choice Gold Corp. Expands Drilling at Sugarloaf Peak to 24 Hours per Day - More - July 28, 2011 | Item | ShareThis
Advanced Explorations Inc. Moving Forward at Tuktu and Roche Bay Iron Projects - More - July 28, 2011 | Item | ShareThis
New Public Relations Firm for Pro-Or: Contract Awarded to First Canadian Capital Corporation - More - July 28, 2011 | Item | ShareThis
NMC Reports Increase in Molybdenum Values at NMC Moland Mine - More - July 28, 2011 | Item | ShareThis
Denison Announces Commencement of Phase 2 Drilling Program on Mutanga Project, Zambia - More - July 28, 2011 | Item | ShareThis
Major Molycorp Rare Earth Supply Contract is Modified to Better Reflect Current Pricing - More - July 28, 2011 | Item | ShareThis
B2Gold Corp. Reports Second Quarter 2011 Gold Production and Provides Limon Mine Update - More - July 28, 2011 | Item | ShareThis
East Asia Minerals Provides Corporate Update to Shareholders - More - July 28, 2011 | Item | ShareThis
Drilling Continues to Intersect & Expand Mineralization at Niblack - More - July 28, 2011 | Item | ShareThis
Spanish Mountain Gold Reports Interim Drilling Results - More - July 28, 2011 | Item | ShareThis
Pacific Ridge Drills New Yukon Gold Discovery: First Hole Intersects 2.44 Grams Per Tonne Gold Over 38.9 Metres At Mariposa in White Gold District - More - July 28, 2011 | Item | ShareThis
Portex Minerals Inc. Provides Operational Update - More - July 28, 2011 | Item | ShareThis
Macusani Receives More High-Grade Drill Results From Kihitian Property and Engages The Equicom Group as Investor Relations Consultant - More - July 28, 2011 | Item | ShareThis
Crescent Resources Reports Phase One Drill Results Confirming Near Surface Gold Mineralization, Including 11.40 Meters at 4.86 g/t Gold - More - July 28, 2011 | Item | ShareThis
Sono Resources Begins Exploration Program With High Resolution Magnetic Survey on Its Copper/Silver Concession in Botswana, Africa - More - July 28, 2011 | Item | ShareThis
Crocodile Gold to Bring Rising Tide Deposit Into Near-Term Mine Plan - More - July 28, 2011 | Item | ShareThis
VMS Ventures Intersects Second Copper Occurance at Cowan River Snow Lake, Manitoba - More - July 28, 2011 | Item | ShareThis
American Manganese Joins the Frankfurt Exchange - More - July 28, 2011 | Item | ShareThis
Bannerman Receives Environmental Approval for Linear Infrastructure at Etango - More - July 28, 2011 | Item | ShareThis
NovaGold Highlights the Value and Potential of Its Copper Assets - "Following the completion of the Prefeasibility Study ("PFS") for its 50%-owned Galore Creek copper-gold-silver project in northern British Columbia, and recently completed Preliminary Economic Assessment ("PEA") of its 100%-owned Ambler high-grade copper-zinc-lead-gold-silver project in northwest Alaska, NovaGold Resources Inc. ("NovaGold" or the "Company") (TSX: NG - News)(AMEX: NG - News) today highlighted the value and development potential of its copper assets and announced definitive steps to bring their valuation more in line with current metals prices. All amounts are in Canadian dollars unless otherwise indicated." More - July 28, 2011 | Item | ShareThis
Brigus Continues to Intersect High Grade Gold at the 147 Gold Zone at the Black Fox Complex - "Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD) (TSX:BRD.to - News) is pleased to announce continued excellent results within the 147 Zone including 20.11 grams per tonne (“gpt”) over 16.00 metres (“m”) which includes 34.06 gpt over 5.00 m." More - July 28, 2011 | Item | ShareThis
Barrick Reports Q2 2011 Financial and Operating Results - "Q2 production was 1.98 million ounces of gold at total cash costs of $445 per ounce and net cash costs of $338 per ounce. The Company is on track to achieve its full year operating guidance of 7.6-8.0 million ounces at total cash costs of $450-$480 per ounce and significantly lower expected net cash costs of $290-$320 per ounce compared to previous guidance of $340-$380 per ounce, positioning Barrick as one of the lowest cost senior gold producers." More - July 28, 2011 | Item | ShareThis
Gold Resource Corporation Declares July Special Cash Dividend - "Gold Resource Corporation (NYSE Amex: GORO) is pleased to announce it has declared its July Special Cash Dividend of $0.04 per common share payable on August 23, 2011 to shareholders of record as of August 11, 2011. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico." More - July 28, 2011 | Item | ShareThis
NovaGold Announces Prefeasibility Study Results for Galore Creek Project - "NovaGold Resources Inc. announces the results of the Prefeasibility Study ("PFS") for its Galore Creek copper-gold-silver project ("the Project"). The Galore Creek property is owned by a partnership owned equally by subsidiaries of NovaGold and Teck Resources Limited ("Teck") (NovaGold and Teck together "the Partners") and managed by Galore Creek Mining Corporation ("GCMC"). An independent technical report will be completed by AMEC Americas Limited ("AMEC") and Lemley International ("Lemley") that will be based on the Prefeasibility Study completed by GCMC. NovaGold will host a conference call in relation to this release at 10:30am EDT/7:30am PDT on July 28, 2011. Details are provided later in this release." More - July 28, 2011 | Item | ShareThis
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