-- Posted Thursday, 28 June 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1557.00 | -$17.70 |
Silver | $26.44 | -$0.46 |
XAU | 152.44 | -1.93% |
HUI | 41454 | -2.13% |
GDM | 1199.06 | -2.09% |
JSE Gold | 2356.65 | -28.25 |
USD | 82.70 | +0.33 |
Euro | 124.46 | -0.24 |
Yen | 125.90 | +0.45 |
Oil | $77.69 | -$2.52 |
10-Year | 1.577% | -0.044 |
T-Bond | 149.84375 | +0.78125 |
Dow | 12602.26 | -0.20% |
Nasdaq | 2849.49 | -0.90% |
S&P | 1329.04 | -0.21% |
The Metals:
Gold fell to as low as $1547.86 before it rallied back higher in the last couple of hours of trade, but it still ended with a loss of 1.12%. Silver slumped to as low as $26.128 before it also rebounded, but it still ended with a loss of 1.71%.
Euro gold closed at about €1251, platinum ended at $1388.00, and copper settled at $3.34.
Gold and silver equities fell over 3.5% by midafternoon, but they then rallied back higher in late trade and ended with only about 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 6/23 | 386K | 385K | 392K |
GDP | Q1 | 1.9% | 1.9% | 1.9% |
GDP Deflator | Q1 | 2.0% | 1.7% | 1.7% |
Tomorrow Brings Core PCE Prices, Personal Income and Spending, Chicago PMI, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index and treasuries rose on worries about Europe that sent the Dow, Nasdaq, and S&P lower, but most of those moves moderated from rather severe to relatively minor by the close.
“A clear and unconditional policy roadmap may not come out of the EU summit,” Gregory Peters, Morgan Stanley’s chief cross-asset strategist, wrote in a note to clients. “The German opposition to and the watering down of the plan by top EU officials before it was even made public doesn’t bode well for any major breakthroughs at the summit.”
Among the big names making news in the market today were JPMorgan, Google, Tenet, News Corp., Qualcomm, and Amazon.
GATA Posts:
Gene Arensberg: Bears can't convince gold and silver ETF holders
Paul's full Fed audit bill approved unanimously by House committee
Asian expedition was productive but expensive too, so can you help?
The Statistics:
As of close of business: 6/27/2012
Gold Warehouse Stocks: | 10,993,643.847 | -69,534.507 |
Silver Warehouse Stocks: | 145,796,239.796 | -141,667.265 |
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 | 1281.619 | 41,205,335 | US$64,196m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 121.15 | 3,895,064 | US$6,057m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 145.16 | 4,666,881 | US$7,610m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 10.03 | 322,539 | US$500m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.23 | 1,261,267 | US$2,022m |
COMEX Gold Trust (IAU) Total Tonnes in Trust: 181.67.
Silver Trust (SLV) Total Tonnes in Trust: 9,875.75.
The Miners:
Northern Dynasty’s (NAK) call for independent experts, Kinross Gold’s (KGC) completed mine interest sale, Gold Resource’s (GORO) dividend, McEwen’s (MUX) resource update, Seabridge’s (SA) AGM results, Great Panther’s (GPL) AGM results, and Alexco’s (AXU) initial mineral resource estimates were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Solitario | XPL +4.03% $1.29 |
2. Timmins | TGD +2.86% $1.80 |
3. Mag Silver | MVG+2.00% $8.16 |
LOSERS
1. Loncor | LON -10.81% $0.99 |
2. Mines MGMT | MGN -7.97% $1.27 |
3. Exeter | XRA -7.88% $1.52 |
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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© Gold Seeker 2012
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-- Posted Thursday, 28 June 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Stocks and Oil
