-- Posted Monday, 16 July 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1589.50 | +$1.50 |
Silver | $27.31 | +$0.06 |
XAU | 149.62 | -0.40% |
HUI | 402.95 | -0.37% |
GDM | 1165.91 | -0.39% |
JSE Gold | 2254.88 | -18.49 |
USD | 83.09 | -0.24 |
Euro | 122.75 | +0.26 |
Yen | 126.83 | +0.51 |
Oil | $88.43 | +$1.33 |
10-Year | 1.464% | -0.035 |
T-Bond | 151.78125 | +0.59375 |
Dow | 12727.21 | -0.39% |
Nasdaq | 2896.94 | -0.40% |
S&P | 1353.64 | -0.23% |
The Metals:
Gold dropped down to as low as $1578.51 by a little after 8AM EST, but it then rose to as high as $1594.61 in late morning New York trade and ended with a gain of 0.09%. Silver surged to as high as $27.42 and ended with a gain of 0.22%.
Euro gold fell to about €1295, platinum lost $12.10 to $1412.80, and copper remained at about $3.50.
Gold and silver equities saw slight gains at the open before they fell to see about 1% losses in the next 45 minutes of trade, but they then bounced back higher at times and ended with only minor losses.
The Economy:
Report | For | Reading | Expected | Previous |
Empire Manufacturing | July | 7.4 | 3.8 | 2.3 |
Retail Sales | June | -0.5% | 0.2% | -0.2% |
Retail Sales ex-auto | June | -0.4% | 0.1% | -0.4% |
Business Inventories | May | 0.3% | 0.2% | 0.3% |
IMF cuts global growth forecast; warns on euro zone Reuters
Govt to supervise credit reporting for first time Associated Press
Tomorrow at 8:30AM EST brings CPI for June expected at 0.2%. Core CPI is expected at 0.1%. At 9AM is the Net Long-Term TIC Flows report for May, at 9:15 is Industrial Production for June expected at 0.3% and Capacity Utilization expected at 79.2%, and at 10AM is the NAHB Housing Market Index for July expected at 30. Bernanke also testifies before the Senate Committee on Banking, Housing, and Urban Affairs starting at 10AM.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose as the U.S. dollar index turned lower after this morning’s batch of economic data.
Treasuries rose as the Dow, Nasdaq, and S&P fell on worries about the economy.
Among the big names making news in the market today were GSK and Human Genome, Citigroup, and JPMorgan.
GATA Posts:
Ron Paul: Time to audit the Fed
Was the petrol price rigged too?
Peter Brimelow: Radical gold bugs vindicated? Theory is getting mainstream media attention
Why would governments ever stop trying to rig the gold market?
Paul Craig Roberts and Nomi Prins: The real LIBOR scandal
The Statistics:
As of close of business: 7/13/2012
Gold Warehouse Stocks: | 10,810,337.624 | - |
Silver Warehouse Stocks: | 144,658,968.737 | -43,019.34 |
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 | 1269.727 | 40,823,005 | US$65,121m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 123.72 | 3,977,805 | US$6,321m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 146.34 | 4,704,842 | US$7,672m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.01 | 353,836 | US$562m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.46 | 1,268,817 | US$1,996m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 183.78: +1.88 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,696.71: -33.18 change from yesterday’s data.
The Miners:
Rubicon’s (RBY) drilling update, Ivanhoe’s (IVN) rights offering, Endeavour Silver’s (EXK) updated NI 43-101 reserve and resource estimates, Excellon’s (EXN.TO) update on illegal mine action, and Alexco’s (AXU) second quarter silver production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. ITH | THM +9.40% $2.91 |
2. Golden Minerals | AUMN +5.04% $4.38 |
3. MAG Silver | MVG +3.88% $9.37 |
LOSERS
1. Gold Reserve | GRZ-5.45% $3.64 |
2. Ivanhoe | IVN -3.21% $8.15 |
3. Revett | RVM-2.92% $3.32 |
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 Monday, 16 July 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End With Slight Gains
