-- Posted Tuesday, 11 September 2012 | | Disqus
Gold climbed $12.23 to $1737.83 by a little after 10AM EST before it drifted back lower into the close, but it still ended with a gain of 0.38%. Silver rose to as high as $33.819 before it also fell back off, but it still ended with a gain of 0.33%.
Euro gold closed at about €1347, platinum gained $9.50 to $1600, and copper rose slightly to about $3.70.
Gold and silver equities saw over 1% gains by midmorning before they fell back off for most of the rest of trade, but they still ended with modest gains.
U.S. Aaa rating depends on fall in debt ratio: Moody's Reuters
U.S. Rating May Be Cut by Moody’s If Debt-to-GDP Not Reduced Bloomberg
Tomorrow at 8:30AM EST brings Export and Import Prices for August and at 10AM is the Wholesale Inventories report for July expected at 0.3%.
Charts Courtesy of http://finance.yahoo.com/
Oil rose as the U.S. dollar index fell after Moody’s warned the US could lose its AAA debt rating if next year's budget talks do not produce policies that gradually decrease the country's debt. The euro climbed higher ahead of tomorrow’s ruling in Germany that could determine the fate of the euro zone’s permanent rescue fund.
Treasuries pared early losses after today’s $32 billion 3-year note auction sold at a high yield of 0.337% with a bid to cover of 3.94.
The Dow, Nasdaq, and S&P rose on expectations that this week’s fed meeting may result in a third round of asset purchases.
Among the big names making news in the market today were Intel, McDonald’s, Morgan Stanley, Pfizer and J&J, and Apple.
Thom Calandra: Why I love the Toronto and New Orleans conferences (and a few mining companies)
Peter Brimelow: Gold gets some powerful friends
Got Gold Report's charts show gold winning the 'race to debase'
Pepper investors, financial media with GATA's YouTube links
As of close of business: 9/10/2012
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.83
Silver Trust (SLV) Total Tonnes in Trust: 9,803.55
EMXX -3.33% $2.32
PZG -2.99% $2.60
3. Gold Resource
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, 11 September 2012 | Digg This Article | Source: GoldSeek.com