-- Posted Monday, 2 August 2010 | Digg This Article
| | Source: GoldSeek.com
| Close | Gain/Loss |
Gold | $1182.00 | +$0.50 |
Silver | $18.35 | +$0.41 |
XAU | 170.19 | +0.28% |
HUI | 440.11 | -0.57% |
GDM | 1324.57 | -0.63% |
JSE Gold | 2329.69 | -8.24 |
USD | 80.91 | -0.70 |
Euro | 131.75 | +1.24 |
Yen | 115.73 | +0.08 |
Oil | $81.34 | +$2.39 |
10-Year | 2.963% | +0.056 |
T-Bond | 127.625 | -1.09375 |
Dow | 10674.38 | +1.99% |
Nasdaq | 2295.36 | +1.80% |
S&P | 1125.86 | +2.20% |
The Metals:
Gold fell as much as $7.30 to $1174.20 in London before it jumped up to $1190.35 in early New York trade and then fell back to see a slight loss at $1179.13 by around noon EST, but it ultimately bounced back higher in the last hour of trade and ended with a gain of 0.04%. Silver fell to $18.055 and rose to $18.54 before it fell back off in the last few hours of trade, but it still ended with a gain of 2.29%.
Euro gold fell to about €897, platinum gained $29 to $1595, and copper rose almost 8 cents to about $3.39.
Gold and silver equities saw about 1% gains at the open, but they then fell back to about unchanged by midday and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
Construction Spending | June | 0.1% | -0.8% | -1.0% |
ISM Index | July | 55.5 | 54.2 | 56.2 |
Tomorrow at 8:30AM EST bring Personal Income for June expected at 0.1%, Personal Spending expected at 0.0%, and Core PCE Prices expected at 0.1%. At 10AM are Factory Orders for June expected at -0.5% and Pending Home Sales for June expected at -5.0%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil climbed over $81 a barrel on strong economic data out of China, Europe, and the US that increased demand expectations while a tropical depression in the Gulf of Mexico kept supply concerns elevated.
The U.S. dollar index and treasuries fell as the Dow, Nasdaq, and S&P rose as much as 2% on strong earnings reports and economic optimism.
Among the big names making news in the market today were Allergan, BP, Ford, HSBC, BNP, and MetLife.
GATA Posts:
Gene Arensberg: Gold a buy, silver not quite yet
Morgan 'covering like crazy' in silver, Ted Butler tells King World News
Adrian Douglas: What's unraveling is gold price suppression
Gold in BIS swaps said to have come from looted bank customers' deposits
The Statistics:
Activity from: 7/30/2010
Gold Warehouse Stocks: | 11,176,119 | +120,342 |
Silver Warehouse Stocks: | 110,361,264 | +265,384 |
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 | 1282.279 | 41,226,552 | US$48,977m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 121.63 | 3,910,522 | US$4,612m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,752 | US$540m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 49.13 | 1,579,568 | US$1,847m |
NASDAQ Dubai | Dubai Gold Securities | 0.155 | 4,972 | US$6m |
Note: Change in Total Tonnes from yesterday’s data: The LSE subtracted 0.97 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 90.88 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9185.29 - No change from yesterday’s data
The Miners:
Newmont’s (NEM) striking workers in Indonesia and Randgold’s (GOLD) revised production guidance were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX+4.56% $74.80 |
2. Mines MGMT | MGN +4.52% $1.62 |
3. Mag Silver | MVG +4.33% $6.27 |
LOSERS
1. Buenaventura | BVN-4.43% $36.90 |
2. Seabridge | SA -3.79% $24.65 |
3. Entree | EGI -2.78% $2.10 |
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:
Denarii Announces Resignation of Executive Officers and Directors - More
- August 02, 2010 | Item | ShareThis
Ditem Explorations Inc.: Results of the 2010 Annual General Shareholders Meeting - More
- August 02, 2010 | Item | ShareThis
Uranium Resources, Inc. Presents Plans for NRC License Renewal at Public Meeting - More
- August 02, 2010 | Item | ShareThis
Comstock Mining Acquires Key Comstock Property Licenses - More
- August 02, 2010 | Item | ShareThis
VHGI Holdings, Inc. Closes Sale of Medical Office Software Assets in Cash and Warrants - More
- August 02, 2010 | Item | ShareThis
AmeriLithium Receives Deed For Nevada-Based Clayton Deep Lithium Properties - More
- August 02, 2010 | Item | ShareThis
U.S. Precious Metals, Inc. Announces Changes in Its Board of Directors and Management Structure - More
- August 02, 2010 | Item | ShareThis
Vantex Restart Its Work on Galloway - More
- August 02, 2010 | Item | ShareThis
Certej EIS submitted - More
- August 02, 2010 | Item | ShareThis
El Capitan Raises $1.5 Million in Operating Capital - More
- August 02, 2010 | Item | ShareThis
Luiri Gold Zambian Tenure Update - More
- August 02, 2010 | Item | ShareThis
Newmont Indonesia workers to strike until Aug 10 - "Workers at PT Newmont Nusa Tenggara, an Indonesian unit of Newmont Mining Corp (NEM.N), will strike until Aug. 10 after failing to reach agreement in talks about overtime pay, a union spokesman said on Monday." More
- August 02, 2010 | Item | ShareThis
Del Toro Silver Signs Letter of Intent with Mayo Gold - More
- August 02, 2010 | Item | ShareThis
European Goldfields Ltd - Certej EIS Submitted - More
- August 02, 2010 | Item | ShareThis
Vena Intersects 54 Metres of 1.438 lb/mt U3O8 Including a High Grade Interval of 9.7 Metres Grading 5.913 lb/mt U3O8 at Macusani, Peru - More
- August 02, 2010 | Item | ShareThis
Goldcorp - Upgrades & Downgrades - More
- August 02, 2010 | Item | ShareThis
Newmont says in talks with Indonesia strikers - "Newmont Mining (NEM.N) is in talks with striking workers operating the Batu Hijau copper and gold mine at its Indonesian unit, Newmont's Asia Pacific regional chief Philip Stephenson said on Monday." More
- August 02, 2010 | Item | ShareThis
Randgold - Loulo production guidance revised - "Randgold Resources today revised theproduction guidance for its Loulo gold mine in Mali downwards followinga difficult quarter in which processing throughput was affected by aseries of power outages that exacerbated the impact of downtimeresulting from the bedding down of the Loulo plant expansion project." More
- August 02, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted Monday, 2 August 2010 | Digg This Article | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Oil
