-- Posted Tuesday, 15 May 2012 | | Disqus
Gold fell to $1548.10 in Asia before it rebounded to $1563.92 at about 8:30AM EST, but it then fell back off again in late trade and ended near its new 2012 low of $1542.40 with a loss of 1.05%. Silver climbed back up to $28.457 in early New York trade, but it then fell to as low as $27.58 in the last minutes of trade and ended with a loss of 2.09%.
Euro gold fell to about €1212, platinum lost $4 to $1431, and copper dropped 4 cents to about $3.49.
Gold and silver equities fell a little over 1% by midmorning before they rebounded midday, but they then fell back off again in afternoon trade and ended with almost 4% losses.
Gold miners need $3,000 price in five years - gold council Reuters
Retail Sales ex-auto
Net Long-Term TIC Flows
NAHB Housing Market Index
Tomorrow at 8:30AM EST brings Housing Starts for April expected at 680,000 and Building Permits expected at 730,000. At 9:15 is Industrial Production for April expected at 0.5% and Capacity Utilization expected at 79.0%, and at 2PM are FOMC Minutes from the fed’s April 25th meeting.
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index and treasuries rose on persistent worries about Greece that dragged the Dow, Nasdaq, and S&P lower in late trade.
Among the big names making news in the market today were Avon, Home Depot, JPMorgan, and Facebook.
Proactive Investors interviews GATA Chairman Murphy
Stoferle, Macleod discuss clamor for gold reserve repatriation
Miners will need $3,000 gold price to be profitable, WGC head says
Commodity Online withdraws IMF gold purchase report
As of close of business: 5/14/2012
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 178.31: -0.91 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,516.40: +51.32 change from yesterday’s data.
Nevsun’s (NSU) dividend, SEMAFO’s (SMF.TO) first quarter results, Great Basin’s (GBG) first quarter results, Northern Dynasty’s (NAK) work program, Comstock’s (LODE) first quarter results, Aurizon’s (AZK) drill results, ITH’s (THM) project update and CEO departure, Brigus Gold’s (BRD) first quarter results, Pretivm’s (PVG) drill results, and SilverCrest’s (SVL.V) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
1. Golden Minerals
AUMN -17.39% $4.18
TGD -17.37% $1.76
THM -16.51% $2.73
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.
- Chris Mullen, Gold Seeker Report
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-- Posted Tuesday, 15 May 2012 | Digg This Article | Source: GoldSeek.com