-- Posted Tuesday, 7 August 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1611.60 | +$0.40 |
Silver | $28.10 | +$0.19 |
XAU | 156.15 | +1.33% |
HUI | 423.39 | +1.38% |
GDM | 1221.35 | +1.22% |
JSE Gold | 2392.81 | -35.20 |
USD | 82.29 | +0.03 |
Euro | 124.01 | +0.04 |
Yen | 127.23 | -0.62 |
Oil | $93.67 | +$1.47 |
10-Year | 1.628% | +0.070 |
T-Bond | 148.62625 | -1.25 |
Dow | 13168.60 | +0.39% |
Nasdaq | 3015.86 | +0.87% |
S&P | 1401.35 | +0.51% |
The Metals:
Gold waffled near unchanged in Asia before it rallied to as high as $1618.00 in London, but it then fell back to as low as $1609.18 in afternoon New York trade and ended with a gain of just 0.02%. Silver slipped to $27.75 in Asia before it rallied up to $28.21 in London and then also fell back off a bit in New York, but it still ended with a gain of 0.68%.
Euro gold remained at about €1300, platinum gained $7 to $1406.50, and copper gained 5 cents to about $3.44.
Gold and silver equities rose over 1% by early afternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Consumer Credit | June | $6.5B | $10.0B | $16.7B |
Fiscal Cliff: “Major Market Meltdown” Expected If Congress Does Nothing, Says Steven Rattner Yahoo
Job Openings in U.S. Rose in June to Four-Year High: Economy Bloomberg
Fed’s Rosengren Urges ‘Open-Ended’ Easing Program Bloomberg
Tomorrow at 8:30AM EST brings second quarter Productivity expected at 1.5% and Unit Labor Costs expected at 0.4%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose and the U.S. dollar index traded mostly slightly lower as talk of more action from the ECB sent the euro higher.
Treasuries fell as the Dow, Nasdaq, and S&P rose on optimism about Europe. Today’s $32 billion three-year note auction sold at a high yield of 0.37% with a bid to cover of 3.51.
Among the big names making news in the market today were Chesapeake, MetLife, MGM, CVS, Knight Capital, and Standard Chartered.
GATA Posts:
Hinde Capital expects gold breakout -- just as Calandra Report returns
Reuters quotes CFTC's Chilton repeating gold and silver market-rigging concerns
More support for CFTC Commissioner Chilton's work against market manipulation
The Statistics:
As of close of business: 8/06/2012
Gold Warehouse Stocks: | 10,944,843.783 | +150,310.80 |
Silver Warehouse Stocks: | 137,862,821.179 | -2,298,651.267 |
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$64,931m |
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$6,684m |
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$578m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.91 | 1,315,135 | US$2,098m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 182.86: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,742.43: -16.58 change from yesterday’s data.
The Miners:
Goldcorp’s (GG) dividend, Barrick’s (ABX) possible acquisitions, NovaGold’s (NG) permitting, Northern Dynasty’s (NAK) testimony, Timberline’s (TLR) third quarter results, Midway’s (MDW) second quarter results, Hecla’s (HL) terminated offer for U.S. Silver (USA.TO), U.S. Silver’s shareholder approval for the proposed combination transaction with RX Gold & Silver Inc., Coeur’s (CDE) second quarter results, updated guidance, and acquired shares of Huldra Silver (HDA.V), Hecla’s (HL) second quarter results, and Endeavour Silver’s (EXK) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Jaguar | JAG +17.61% $1.16 |
2. Avino | ASM +8.33% $1.17 |
3. Eurasian | EMXX+7.65% $1.83 |
LOSERS
1. Gold Reserve | GRZ -2.51% $3.49 |
2. Midway | MDW-2.48% $1.18 |
3. Aurizon | AZK -2.40% $4.48 |
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 Tuesday, 7 August 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks Again
