-- Posted Wednesday, 17 August 2011 | | Disqus
| Close | Gain/Loss |
Gold | $1789.50 | +$7.80 |
Silver | $40.30 | +$0.48 |
XAU | 212.52 | +1.07% |
HUI | 578.13 | +0.89% |
GDM | 1686.35 | +0.88% |
JSE Gold | 2711.34 | -34.85 |
USD | 73.73 | -0.23 |
Euro | 144.36 | +0.26 |
Yen | 130.73 | +0.50 |
Oil | $87.58 | +$0.93 |
10-Year | 2.165% | -0.049 |
T-Bond | 137.9375 | +0.875 |
Dow | 11410.21 | +0.04% |
Nasdaq | 2511.48 | -0.47% |
S&P | 1193.88 | +0.09% |
The Metals:
Gold rose to as high as $1794.60 by about 5:30AM EST before it fell back to $1777.50 by late morning in New York, but it then rallied back higher in the last couple of hours of trade and ended with a gain of 0.44% at a new record closing high. Silver climbed to as high as $40.558 by about 10:30AM before it fell back to $39.72 in the next hour or so of trade, but it also rallied back higher into the close and ended with a gain of 1.21%.
Euro gold climbed to over €1239, platinum gained $22.25 to $1834.75, and copper gained a few cents to about $4.03.
Gold and silver equities rose over 2% in the first half hour of trade before they fell back to almost unchanged by midday, but they then rallied back higher in afternoon trade and ended with about 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | July | 0.2% | 0.0% | -0.4% |
Core PPI | July | 0.4% | 0.2% | 0.3% |
Congress, not Fed, must do more for economy: Fisher Reuters
Obama: Another year or more for housing turnaround Yahoo
Fed’s Plosser Says He Hasn’t Cut His 2012 Economic Forecast ‘Very Much’ Bloomberg
Tomorrow at 8:30 brings Initial Jobless Claims for 8/13 expected at 400,000, CPI for July expected at 0.2%, and Core PPI expected at 0.2%. At 10AM brings Existing Home Sales for July expected at 4,870,000, the Philadelphia Fed for August expected at 1.0, and Leading Economic Indicators for July expected at 0.2%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared early gains after the Energy Information Administration reported that crude inventories rose 4.23 million barrels, gasoline inventories fell 3.51 million barrels, and distillates rose 2.4 million barrels, but it still ended over 1% higher on the day.
The U.S. dollar index fell as the Swiss franc shot higher “after the Swiss National Bank failed to peg the currency with the euro.”
Treasuries rose on worries about the economy that kept the Dow, Nasdaq, and S&P near unchanged despite some strong earnings reports.
Among the big names making news in the market today were BofA, Staples, SABMiller, and Target.
GATA Posts:
Alasdair Macleod: The upcoming expansion of U.S. bank credit
Chavez says Venezuela will nationalize gold mining, processing
Venezuela tells Bank of England to ship the gold back
Venezuela may try to get its gold back
Gene Arensberg: Comex commercials, swap dealers put floor under silver
Gold Standard Institute's letter covers GATA's London conference
Switzerland mobilizes for race to the bottom of the currency heap
The media blackout of Ron Paul's success in Iowa
The Statistics:
Activity from: 8/15/2011
Gold Warehouse Stocks: | 11,532,712 | -37,363 |
Silver Warehouse Stocks: | 105,267,778 | -1,025,431 |
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 | 1262.899 | 40,603,467 | US$72,665m |
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$6,619m |
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$7,243m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,767 | US$816m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 46.75 | 1,502,890 | US$2,679m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,951 | US$9m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.726 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 166.23: -0.24 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,705.89: No change from yesterday’s data.
The Miners:
Almaden’s (AAU) drill results, Claude’s (CGR) drill results, Gold Resource’s (GORO) treasury, ECU Silver’s (ECU.TO) merger with Golden Minerals (AUMN), Impact Silver’s (IPT.V) drill results, and Excellon’s (EXN.TO) illegal demonstration were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Claude | CGR+15.88% $1.97 |
2. Lake Shore | LSG +6.36% $2.34 |
3. Kimber | KBX +6.06% $1.75 |
LOSERS
1. Gold Reserve | GRZ-5.69% $2.32 |
2. Avino | ASM-4.28% $2.44 |
3. Richmont | RIC -4.19% $9.38 |
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:
Compass Gold to Acquire Remaining 49% of Africa Mining - More
- August 17, 2011 | Item | ShareThis
Creso Announces Drill Results From the Tyrrell, Porphyry Lake, Hare Lake, and Matona Zones at Shining Tree - More
- August 17, 2011 | Item | ShareThis
Oromin Explorations Ltd.: Successful Initial Drilling Results at OJVG's Newest Discovery-Mamasato and Best Drilling Result to Date at Sekoto - More
- August 17, 2011 | Item | ShareThis
St. Elias Mines Ltd. - Diamond Drilling Commences - Tesoro Gold Project in Peru - More
- August 17, 2011 | Item | ShareThis
IMPACT Silver Expands Capire Deposit, Mexico - "IMPACT Silver Corp. (TSX-V: IPT.V - News) ("IMPACT" or "the Company") is pleased to announce additional drill results for the planned open pit Capire mine in the 200-square-kilometer Mamatla Mineral District, in central Mexico. Results from this expansion drilling have begun to outline additional mineralization to the north and southeast beyond the limits of the previously defined Measured and Indicated Mineral Resources totaling 7.2 million ounces silver, 30,446 ounces gold, 95.6 million lbs zinc and 37.2 million lbs lead." More
- August 17, 2011 | Item | ShareThis
Golden Touch Is About to Conclude a Successful First Phase of Drilling on Its Gold Project in Albania - More
- August 17, 2011 | Item | ShareThis
Avion Files NI 43-101 Technical Report of Mineral Reserve Estimate for Tabakoto Project in Mali - More
- August 17, 2011 | Item | ShareThis
Cancor Mines Inc.: Analysis of Satellite Data Confirms Major Deformation Zone on North Tirek in Hoggar, Algeria - More
- August 17, 2011 | Item | ShareThis
ECU Silver Announces That Leading Corporate Governance Analysis and Proxy Voting Firms Recommend That Securityholders Vote FOR the Merger With Golden Minerals - "ECU Silver Mining Inc. ("ECU") (TSX: ECU.TO - News) is pleased to announce that Institutional Shareholder Services ("ISS") and Glass Lewis & Co., LLC ("GL") have recommended that Securityholders of ECU vote FOR the plan of arrangement (the "Arrangement"), which would result in the business combination of ECU and Golden Minerals Company ("Golden"), at the upcoming Special Meeting of Securityholders to be held on August 30, 2011." More
- August 17, 2011 | Item | ShareThis
Diamonds North Starts Copper-Silver-Bismuth Exploration Project at Hepburn - More
- August 17, 2011 | Item | ShareThis
Advanced Explorations Inc. Intersects 237 Metres of 33% Iron at Tuktu Project-Includes 6 Metres of 50% Iron - More
- August 17, 2011 | Item | ShareThis
Aura Silver Focuses Current Drill Program on Gold-Bearing Surface Outcrops and Soils at Northeast Greyhound - More
- August 17, 2011 | Item | ShareThis
Aura Silver Stakes 20,848 Hectares on Jackpot Prospect South of Greyhound, Nu - More
- August 17, 2011 | Item | ShareThis
Early Exercise of Option on Haib Copper Project, Namibia. Deep-South and Afri-Can to List the Remaining 30% Through a New Entity - More
- August 17, 2011 | Item | ShareThis
Explor Intersects 3.08 g/tonne Au Over 7.5 Meters on Timmins Porcupine West - More
- August 17, 2011 | Item | ShareThis
Eastmain Options Radisson Project to Honey Badger Exploration Inc. - More
- August 17, 2011 | Item | ShareThis
Corvus Gold Continues to Expand the North Bullfrog Project in Nevada Ahead of New Resource Estimate - More
- August 17, 2011 | Item | ShareThis
Entourage Metals Samples 734 g/t and 150 g/t Au at Black Raven Property, Hemlo Region, Ontario - More
- August 17, 2011 | Item | ShareThis
Silver Predator Cuts 42.67 m of 100.25 g/t Silver at Taylor Silver Deposit, Ely, Nevada - More
- August 17, 2011 | Item | ShareThis
IBC Advanced Alloys Information Available Through Standard & Poor's Market Access Program - More
- August 17, 2011 | Item | ShareThis
First Mexican Starts 2nd Drill Rig and Provides Update at Guadalupe - More
- August 17, 2011 | Item | ShareThis
Aben Announces Commencement of Yukon Drill Program at Justin Gold Project - More
- August 17, 2011 | Item | ShareThis
Almaden Steps Out 115 m to NW on Ixtaca Zone, Cuts 6.6 m of 1.12 g/t Au and 435.9 g/t Ag - "Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX: AMM.TO - News)(AMEX: AAU - News) is pleased to announce results from further drilling at the Ixtaca Zone with holes TU-11-41, TU-11-42 and CA-11-03 from the Caleva Zone to the north. Hole TU-11-41 represents a stepout of 115 meters to the northwest from the last hole drilled in this direction (previously announced TU-11-32; see Almaden news release of July 7th, 2011). In the the Caleva zone, hole CA-11-03 intersected mineralisation at the top of the hole and further drilling is planned to follow this up." More
- August 17, 2011 | Item | ShareThis
Tintina Reports an Inferred Copper-Cobalt-Silver-Gold Resource for the Lower Copper Zone on its Sheep Creek Property, Montana, USA - More
- August 17, 2011 | Item | ShareThis
Colorado Resources Ltd. and Ross River Dena Council Sign Traditional Knowledge Protocol - More
- August 17, 2011 | Item | ShareThis
Andover Ventures Inc.: Kennecott has Commenced Drilling on Big Hill Prospect, Utah, USA - More
- August 17, 2011 | Item | ShareThis
Teslin River Completes First Drill Program in Nevada - More
- August 17, 2011 | Item | ShareThis
Honey Badger Exploration Joint Ventures With Eastmain Resources on Highly Prospective Quebec Gold Property - More
- August 17, 2011 | Item | ShareThis
Metals Creek Resources Corp. Commences Drilling on the Tillex Copper Deposit, Followed by the Ogden Gold Project-Timmins Ontario - More
- August 17, 2011 | Item | ShareThis
Netco Silver: Letter from the Board - More
- August 17, 2011 | Item | ShareThis
Wolverine Updates Exploration Activities on Finlayson District Projects in the Yukon - More
- August 17, 2011 | Item | ShareThis
Claude Resources Inc. Intercepts 39.8 Grams of Gold per Tonne Over 10.0 Metres True Width in newly Discovered L62 Zone at Seabee Gold Operation - "Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR) ("Claude" or the "Company") today reported new exploration results from its new hanging wall discovery at its 100 percent owned and operated Seabee Gold Mine." More
- August 17, 2011 | Item | ShareThis
Barisan Gold Announces Listing on TSX Venture Exchange - More
- August 17, 2011 | Item | ShareThis
Papuan Precious Metals: 100 Meter Stepout at Kuliuta Intersects 256m of Visible Copper Mineralization - More
- August 17, 2011 | Item | ShareThis
Cadillac Commissions Dewatering Implementation Plan - More
- August 17, 2011 | Item | ShareThis
Teuton Resources Corp.: Exploration Update/Private Placement Completed - More
- August 17, 2011 | Item | ShareThis
VHGI Gold LLC Enters LOI to Purchase Burro Creek Gold Leases Near Mayer, AZ with NI 43-101 Indicated and Inferred Resource Estimated at 100,000 oz. Gold - More
- August 17, 2011 | Item | ShareThis
Kivalliq Energy Corporation: Discoveries Continue Along Lac Cinquante Trend; Mineralization Confirmed Over 2.3 km - More
- August 17, 2011 | Item | ShareThis
Stakeholder Yukon Exploration Update - More
- August 17, 2011 | Item | ShareThis
Lone Star Gold Inc. Provides Mexico-Based La Candelaria Gold-Silver Project Regional Overview - More
- August 17, 2011 | Item | ShareThis
Goldex Drill an Average Grade of 5 g/t Au Over 30M in GDXP Hole-10 at El Pato - More
- August 17, 2011 | Item | ShareThis
Highbank Resources Ltd.: Highland Valley Property Drilling Permits Received - More
- August 17, 2011 | Item | ShareThis
Excellon Reports Illegal Demonstration at La Platosa - "Excellon Resources Inc. (TSX: EXN.TO - News) (the "Company" or "Excellon") reports an illegal demonstration at the Company's La Platosa property that has limited access to the property to only essential service workers and security personnel. Production has been temporarily halted since August 15, 2011. Excellon and its legal team are working with Durango State Government authorities to resolve this issue." More
- August 17, 2011 | Item | ShareThis
Legend Gold Extends Zones 1 & 2 at Lakanfla-Encouraging Results Prompt New Drill Program Legend - More
- August 17, 2011 | Item | ShareThis
Cardero Commences Extensive Program of Geological, Engineering and Environmental Work at Carbon Creek Deposit, Northeast BC - More
- August 17, 2011 | Item | ShareThis
Castle Resources Begins North Zone Drill Program at the Granduc Copper Project, B.C. - More
- August 17, 2011 | Item | ShareThis
Gold Resource Corporation Diversifies Treasury Minting Company's Gold and Silver Coins; Targets Future In-Kind Dividend - "Gold Resource Corporation (AMEX: GORO - News) reports holding a portion of the Company's treasury in physical gold and silver. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $22 million to shareholders in special monthly dividends since declaring commercial production July 1, 2010." More
- August 17, 2011 | Item | ShareThis
Minera IRL Announces Significant Resource Upgrade, Don Nicolas Project, Patagonia, Argentina - More
- August 17, 2011 | Item | ShareThis
Kalimantan Gold-Jelai Update - More
- August 17, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Wednesday, 17 August 2011 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold Sets a New Record Closing High
