-- Posted Monday, 27 August 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1663.90 | -$5.90 |
Silver | $30.68 | +$0.01 |
XAU | 166.37 | -1.26% |
HUI | 449.85 | -1.33% |
GDM | 1297.53 | -1.29% |
JSE Gold | 2402.94 | -27.34 |
USD | 81.69 | +0.06 |
Euro | 124.98 | -0.14 |
Yen | 126.99 | -0.13 |
Oil | $95.47 | -$0.68 |
10-Year | 1.649% | -0.029 |
T-Bond | 148.875 | +0.50 |
Dow | 13124.67 | -0.25% |
Nasdaq | 3073.19 | +0.11% |
S&P | 1410.44 | -0.05% |
The Metals:
Gold climbed up to $1676.74 in Asia, but it then fell back off in London and New York and ended with a loss of 0.35%. Silver surged to as high as $31.241 in Asia before it also fell back off, but it still ended with a gain of 0.03%.
Euro gold fell to about €1331, platinum lost $7 to $1537.00, and copper fell slightly to about $3.48.
Gold and silver equities waffled near unchanged for most of the morning, but they then fell back off in afternoon trade and ended with over 1% losses.
The Economy:
There were no major economic reports today. Tomorrow at 9AM EST brings the Case-Shiller 20-city Index for June expected at -0.3% and at 10AM is Consumer Confidence for August expected at 65.7.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index ended with a slight gain ahead of Bernanke’s Jackson Hole speech later this week.
Treasuries rose as the Dow, Nasdaq, and S&P fell in late trade and ended mixed on apprehension about what Bernanke may say.
Among the big names making news in the market today were Ask.com and About.com, IBM and Kenexa, AOL, Hertz and Dollar Thrifty, Tiffany, Best Buy, Samsung, M&T and Hudson City, and Nokia, Microsoft, and Samsung.
GATA Posts:
Eric Fry: Fed officials are 'champions of dishonesty' for rigging markets
Ron Paul feted in raucous six-hour farewell rally in Tampa
The Statistics:
As of close of business: 8/24/2012
Gold Warehouse Stocks: | 11,045,596.956 | +196,989.381 |
Silver Warehouse Stocks: | 138,971,215.648 | -948,613.09 |
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 | 1286.502 | 41,362,339 | US$68,929m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 127.75 | 4,107,325 | US$6,860m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 148.71 | 4,781,044 | US$7,796m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$599m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.26 | 1,326,494 | US$2,121m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 188.27: +2.94 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,775.59: -45.22 change from yesterday’s data.
The Miners:
Claude’s (CGR) drill results, Silvercorp’s (SVM) drill results, First Majestic’s (AG) new Vice President of Exploration, and Coeur’s (CDE) fatal accident were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +11.76% $2.66 |
2. Northern Dynasty | NAK +7.53% $2.57 |
3. Loncor | LON +3.63% $1.14 |
LOSERS
1. Richmont | RIC -5.87% $4.01 |
2. Vista Gold | VGZ-4.38% $3.06 |
3. AngloGold | AU-3.87% $32.38 |
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, 27 August 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged
