-- Posted Thursday, 20 September 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1768.40 | -$2.10 |
Silver | $34.62 | +$0.01 |
XAU | 193.50 | -0.70% |
HUI | 522.15 | -0.70% |
GDM | 1499.51 | -0.68% |
JSE Gold | 2491.25 | -0.07 |
USD | 79.42 | +0.32 |
Euro | 129.67 | -0.81 |
Yen | 127.79 | +0.18 |
Oil | $91.87 | -$0.11 |
10-Year | 1.777% | -0.005 |
T-Bond | 145.96875 | +0.34375 |
Dow | 13596.93 | +0.14% |
Nasdaq | 3175.96 | -0.21% |
S&P | 1460.26 | -0.05% |
The Metals:
Gold fell $14.70 to $1755.80 at about 6:20AM EST, but it then rose to as high as $1770.42 in New York and ended with a loss of just 0.12%. Silver slipped to as low as $34.084 in London, but it also rallied back higher in New York and ended near its midday high of $34.692 with a gain of 0.03%.
Euro gold climbed to about €1364, platinum lost $12.25 to $1621.25, and copper fell 5 cents to about $3.77.
Gold and silver equities fell about 2% at the open before they rallied back higher midday, but they still ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 9/15 | 382K | 375K | 385K |
Philadelphia Fed | Sep | -1.9 | -4.0 | -7.1 |
Leading Indicators | Aug | -0.1% | 0.0% | 0.5% |
Mortgage Rates for 30-Year Loans Tumble, Matching Record Bloomberg
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower as the U.S. dollar index and treasuries rose on worries about global economic growth that held the Dow, Nasdaq, and S&P mostly slightly lower.
Among the big names making news in the market today were Jefferies, Samsung, Facebook, and Exxon.
GATA Posts:
Support for GATA in Jay Taylor's Internet radio interview with Peter Grandich
The Statistics:
As of close of business: 9/19/2012
Gold Warehouse Stocks: | 11,107,678.882 | - |
Silver Warehouse Stocks: | 140,873,809.838 | +459,249.09 |
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 | 1305.399 | 41,969,874 | US$74,133m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 134.89 | 4,336,906 | US$7,646m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 151.47 | 4,869,903 | US$7,941m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$632m |
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 2.111 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.80: +1.21 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,883.40: +42.18 change from yesterday’s data.
The Miners:
Great Basin’s (GBG) $35 million working capital loan, Barrick Gold’s (ABX) clash in Peru, Loncor’s (LON) financing, ITH’s (THM) new CEO, Brigus Gold’s (BRD) new mineral resource estimate, Centerra’s (CG.TO) resumption of milling activities, and New Gold’s (NGD) Preliminary Economic Assessment were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Solitario | XPL+12.88% $1.84 |
2. Revett | RVM +4.38% $3.81 |
3. Timmins | TGD+3.51% $2.95 |
LOSERS
1. Loncor | LON-21.13% $1.12 |
2. Jaguar | JAG -7.97% $1.27 |
3. Turquoise Hill | TRQ -5.69% $9.29 |
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 Thursday, 20 September 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed
