-- Posted Monday, 6 August 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1611.20 | +$8.40 |
Silver | $27.91 | +$0.14 |
XAU | 154.10 | +2.51% |
HUI | 417.62 | +2.48% |
GDM | 1206.68 | +2.31% |
JSE Gold | 2428.01 | +31.79 |
USD | 82.26 | -0.10 |
Euro | 124.02 | +0.14 |
Yen | 127.89 | +0.43 |
Oil | $92.20 | +$0.80 |
10-Year | 1.558% | -0.019 |
T-Bond | 149.90625 | +0.375 |
Dow | 13117.51 | +0.23% |
Nasdaq | 2989.91 | +0.74% |
S&P | 1394.23 | +0.23% |
The Metals:
Gold climbed to as high as $1615.00 by late morning in New York before it fell back off a bit in afternoon trade, but it still ended with a gain of 0.52%. Silver surged to as high as $27.985 and ended with a gain of 0.5%.
Euro gold rose to about €1300, platinum lost $1 to $1399.50, and copper gained a couple of cents to about $3.39.
Gold and silver equities rose over 3% by midmorning before they fell back off a bit in late trade, but they still ended with about 2.5% gains.
The Economy:
There were no major economic reports today. Tomorrow at 3PM EST brings Consumer Credit for June expected at $10.0 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose as the U.S. dollar index fell after “German Chancellor Angela Merkel’s government backed the European Central Bank’s bond-buying plan, adding to optimism that the region’s debt crisis will ease.”
Treasuries rebounded from last Friday’s steep losses.
The Dow, Nasdaq, and S&P rose on relief over Europe.
Among the big names making news in the market today were Berkshire Hathaway, Best Buy, and Knight Capital.
GATA Posts:
Peter Brimelow: Gold fizzles -- or gold fixed?
Jay Taylor: Canada's BNN doesn't want GATA mentioned on the air
What a surprise: FT says CFTC to drop silver investigation
GATA secretary appears Tuesday on Russia Today's 'Capital Account' program
Bullion banks shedding shorts ahead of price explosion, Turd Ferguson says
The Statistics:
As of close of business: 8/03/2012
Gold Warehouse Stocks: | 10,794,532.983 | -14,021.803 |
Silver Warehouse Stocks: | 140,161,472.446 | + 1,306,257.930 |
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 | 1254.942 | 40,347,630 | US$64,610m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 129.12 | 4,151,273 | US$6,702m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 149.67 | 4,812,118 | US$7,847m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$579m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.91 | 1,315,135 | US$2,098m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.017 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 182.86: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,759.01: No change from yesterday’s data.
The Miners:
Tanzanian Royalty’s (TRX) assay results, Randgold’s (GOLD) gold mine in Mali, and AngloGold’s (AU) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Exeter | XRA +10.63% $1.77 |
2. Golden Star | GSS+10.17% $1.30 |
3. Vista Gold | VGZ +9.31% $3.17 |
LOSERS
1. Avino | ASM-8.47% $1.08 |
2. Eurasian | EMXX-5.03% $1.70 |
3. Solitario | XPL -4.72% $1.21 |
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 Monday, 6 August 2012 | Digg This Article | Source: GoldSeek.com