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Gold Seeker Closing Report: Gold and Silver Gain With Stocks
By: Chris Mullen,

-- Posted Tuesday, 11 September 2012 | | Disqus



















JSE Gold
































The Metals:


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.


The Economy:







Trade Balance






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%.


The Markets:


Charts Courtesy of


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.


GATA Posts:



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


The Statistics:

As of close of business: 9/10/2012

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




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


The Miners:


1.  Timmins

TGD+5.26% $2.80

2.  Almaden

AAU+5.10% $2.85

3.  Revett




1.  Eurasian

EMXX -3.33% $2.32

2.  Paramount

PZG -2.99% $2.60

3.  Gold Resource

GORO-2.74% $19.91

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2012

Note: This article may be reproduced provided the article, in full, is used and mention to is given.



Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

-- Posted Tuesday, 11 September 2012 | Digg This Article | Source:

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