-- Posted Monday, 17 September 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1757.60 | -$14.00 |
Silver | $34.02 | -$0.61 |
XAU | 191.64 | -0.17% |
HUI | 518.16 | +0.13% |
GDM | 1485.19 | +0.08% |
JSE Gold | 2398.43 | -10.24 |
USD | 78.97 | +0.13 |
Euro | 131.13 | -0.17 |
Yen | 127.06 | -0.53 |
Oil | $96.62 | -$2.38 |
10-Year | 1.838% | -0.032 |
T-Bond | 145.15625 | +0.59375 |
Dow | 13553.10 | -0.30% |
Nasdaq | 3178.67 | -0.27% |
S&P | 1461.19 | -0.31% |
The Metals:
Gold saw modest gains in Asia, but it then fell back off in afternoon New York trade and ended near its late session low of $1754.25 with a loss of 0.79%. Silver slipped to as low as $33.806 before it bounced back higher, but it still ended with a loss of 1.76%.
Euro gold fell to about €1341, platinum lost $46.20 to $1658.80, and copper dropped 5 cents to about $3.78.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
Empire Manufacturing | Sep | -10.4 | -3.0 | -5.9 |
Tomorrow brings the Current Account Balance, Net Long-Term TIC Flows, and the NAHB Housing Market Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil found slight gains for most of the morning on geopolitical concerns, but it then fell back off in afternoon trade and ended notably lower on rumors of a possible release from the Strategic Petroleum Reserve.
The U.S. dollar index edged higher in mixed trade.
Treasuries rose as the Dow, Nasdaq, and S&P fell on worries about Europe and worse than expected economic data.
Among the big names making news in the market today were Shell, Apple, and Lowe’s.
The Commentary:
“Here is the latest breakdown of the hedge fund positions in the Silver market at the Comex based on Friday's COT data.
Speculative money flows continue into Silver as hedge fund managers position themselves further on the long side of the market and continue reducing their short side exposure.”- Dan Norcini, More at http://www.traderdannorcini.blogspot.com/
GATA Posts:
Jeff Nielson: The fraud of negative gold and silver lease rates
James Turk: Cyclical or structural deficits?
Gold demand in India jumps as jewellers buy at record price
The Statistics:
As of close of business: 9/14/2012
Gold Warehouse Stocks: | 10,938,897.462 | +56,069.90 |
Silver Warehouse Stocks: | 140,810,107.358 | -856,067.64 |
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 | 1301.479 | 41,843,838 | US$74,280m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 134.31 | 4,318,128 | US$7,644m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 150.97 | 4,853,980 | US$7,915m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$635m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.45 | 1,364,715 | US$2,214m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 9.047 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 194.68: +.0.46 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,768.89: No change from yesterday’s data.
The Miners:
Timberline’s (TLR) new joint venture partner, Pretivm’s (PVG) Technical Session, Excellon’s (EXN.TO) drilling, Huldra Silver’s (HDA.V) commissioning update, and Hecla’s (HL) presentation were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. New Gold | NGD +4.14% $12.34 |
2. Tanzanian Royalty | TRX +3.30% $5.01 |
3. Pan American | PAAS +2.24% $21.02 |
LOSERS
1. Gold Reserve | GRZ -7.03% $3.44 |
2. Exeter | XRA -4.71% $1.82 |
3. Revett | RVM -4.34% $3.53 |
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, 17 September 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Almost 1% and 2%
