LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Oil
By: Chris Mullen, Gold-Seeker.com


-- Posted Monday, 2 August 2010 | Digg This ArticleDigg It! | | 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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2010

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


-- Posted Monday, 2 August 2010 | Digg This Article | Source: GoldSeek.com




 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.