Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Stock Review : Markets : News Wire : Quotes : Radio : Silver : Stocks - Main 
  
 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com Radio: Louis Navellier & Bob Hoye, and your host Chris Waltzek
By: radio.GoldSeek.com

When Complexity Becomes Chaos
By: Dr. Jeffrey Lewis

Inflation - Crash Course Chapter 11
By: Adam Taggart

Central banks get discounts for trading EVERYTHING through CME Group and Comex
By: Chris Powell, Secretary/Treasurer, GATA

Gold and Silver – Elite’s NOW Losing Traction. Expect [More] War.
By: Michael Noonan

When will the war in Ukraine hit global financial markets?
By: Peter Cooper

Gold & Silver Market Morning
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch

Palladium Breaks Multi-Year High Over $900; Russian SWIFT Payment Ban Proposed By UK
By: GoldCore

Precious Metals Continue To Show Weakness With One Exception
By: Warren Bevan

Asian Metals Market Update
By: Chintan Karnani, Insignia Consultants

 
Search

GoldSeek Web

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


-- Posted Tuesday, 11 September 2012 | | Disqus

 

Close

Gain/Loss

Gold

$1732.10

+$6.50

Silver

$33.41

+$0.11

XAU

177.14

+0.38%

HUI

477.67

+0.55%

GDM

1374.05

+0.52%

JSE Gold

2337.10

-1.30

USD

78.86

-0.55

Euro

128.56

+1.00

Yen

128.66

+0.89

Oil

$97.17

$0.63

10-Year

1.695%

+0.012

T-Bond

148.09375

-0.09375

Dow

13323.36

+0.52%

Nasdaq

3104.53

+0.02%

S&P

1433.56

+0.31%

 
 

 

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:

 

Report

For

Reading

Expected

Previous

Trade Balance

July

-$42.0B

-$44.0B

-$41.9B

 

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 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.

 

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:

10,844,472.861

+53,535.65

Silver Warehouse Stocks:

140,678,418.218

-898.00

 

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$72,173m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

133.48

4,291,415

US$7,440m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

150.20

4,829,141

US$7,875m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$622m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

42.45

1,364,715

US$2,214m

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 191.83

 

Silver Trust (SLV) Total Tonnes in Trust: 9,803.55

 

The Miners:

WINNERS

1.  Timmins

TGD+5.26% $2.80

2.  Almaden

AAU+5.10% $2.85

3.  Revett

RVM+5.10%$3.30

 

LOSERS

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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 Gold-Seeker.com 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. Gold-Seeker.com 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 Gold-Seeker.com’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: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2014


© GoldSeek.com, Gold Seek LLC


GoldSeek.com Supports Kiva.org

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.
OilSeek.com