-- Posted Wednesday, 5 September 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1693.60 | -$1.70 |
Silver | $32.24 | -$0.09 |
XAU | 169.60 | -0.14% |
HUI | 458.11 | +0.45% |
GDM | 1322.20 | +0.24% |
JSE Gold | 2266.34 | +0.55 |
USD | 81.26 | -0.09 |
Euro | 125.98 | +0.33 |
Yen | 127.58 | +0.04 |
Oil | $95.36 | +$0.06 |
10-Year | 1.594% | +0.013 |
T-Bond | 149.96875 | -0.25 |
Dow | 13047.48 | +0.09% |
Nasdaq | 3069.27 | -0.19% |
S&P | 1403.44 | -0.11% |
The Metals:
Gold fell to $1687.40 in Asia before it climbed back to almost unchanged at $1694.81 by a little after 9AM EST, but it then chopped back lower into the close and ended with a loss of 0.1%. Silver slumped to $31.93 in Asia before it rallied back to as high as $32.35 in New York, but it then drifted back lower midday and ended with a loss of 0.28%.
Euro gold fell to about €1345, platinum lost $2.50 to $1564.50, and copper climbed 6 cents to about $3.53.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
Productivity | Q2 | 2.2% | 1.8% | 1.6% |
Unit Labor Costs | Q2 | 1.5% | 1.4% | 1.7% |
Mortgage Applications Decrease According to MBA Survey LoanSafe
Tomorrow at 8:15AM EST brings ADP Employment for August expected at 143,000. At 8:30 are Initial Jobless Claims for 9/01 expected at 373,000 and at 10AM is the ISM Services report for August expected at 52.4.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly higher in quiet trade.
The U.S. dollar index fell as the euro rose on renewed confidence about the ECB’s bond buying program.
Treasuries fell as the Dow, Nasdaq, and S&P held near unchanged on decent economic data and optimism about Europe.
Among the big names making news in the market today were Facebook, 3M, and FedEx.
GATA Posts:
'Currency Wars' author Jim Rickards to speak at CMRE meeting in NYC Oct. 18
The Statistics:
As of close of business: 9/04/2012
Gold Warehouse Stocks: | 10,923,615.238 | - |
Silver Warehouse Stocks: | 141,004,418.518 | -955,468.18 |
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 | 1293.138 | 41,575,667 | US$70,234m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 131.69 | 4,234,046 | US$7,173m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 149.83 | 4,817,275 | US$7,855m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$608m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.26 | 1,326,494 | US$2,121m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.619 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 189.33: +0.46 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,642.97: -28.63 change from yesterday’s data.
The Miners:
IAMGOLD’s (IAG) exploration update, Gold Fields’ (GFI) resolved strike, AuRico’s (AUQ) guidance update, Seabridge’s (SA) discovery, Paramount’s (PZG) updated resource estimate, Goldcorp’s (GG) analyst tour, MAG Silver’s (MVG) closed private placement, and Great Panther’s (GPL) purchased project were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Standard | GSV +6.43% $1.82 |
2. Nevsun | NSU +5.73% $4.43 |
3. Eurasian | EMXX +5.33% $2.37 |
LOSERS
1. AuRico | AUQ -20.74% $5.54 |
2. Avino | ASM -3.77% $1.53 |
3. Northern Dynasty | NAK -3.69% $3.39 |
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 Wednesday, 5 September 2012 | Digg This Article | Source: GoldSeek.com