-- Posted Monday, 24 September 2012 | | Disqus
Gold fell $17.56 to $1755.54 in London before it rallied back higher in New York, but it still ended with a loss of 0.49%. Silver slipped to a low as $33.594 before it also rebounded in New York, but it still ended with a loss of 1.62%.
Euro gold remained at about €1365, platinum lost $18.70 to $1616.80, and copper fell 6 cents to about $3.74.
Gold and silver equities fell about 3% by early afternoon and remained near that level for the rest of the day.
There were no major economic reports today. Tomorrow brings the Case-Shiller 20-city Index, Consumer Confidence, and the FHFA Housing Price Index.
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index and treasuries rose on renewed worries about Europe that sent the Dow, Nasdaq, and S&P lower.
“Chancellor Angela Merkel and President Francois Hollande disagreed on a timetable for starting joint oversight of Europe’s banking sector. German business confidence unexpectedly fell in September, the Ifo institute in Munich said. China’s manufacturers and retailers are less optimistic about sales than they were three months ago and are cutting jobs, according to the findings of a survey by New York-based researcher CBB International LLC.”
Among the big names making news in the market today were Facebook, GM, Apple, Lennar, Peregrine, and Sprint.
Safeguards can spot fake gold bars
More fake gold scandalizes New York dealers
Yikes! Deutsche Bank recommends gold -- even a gold standard
Big changes in trader positions in gold and silver: Got Gold Report
Now China has the claim on Venezuela's Las Cristinas gold mine
As of close of business: 9/21/2012
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
Note: Change in Total Tonnes from yesterday’s data: SPDR added 9.348 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.51: +0.90 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,940.66: No change from yesterday’s data.
Richmont’s (RIC) early retirement of its CAN$10 million debenture, McEwen’s (MUX) first gold pour at El Gallo, IAMGOLD’s (IAG) completed notes offering, and Endeavour Silver’s (EXK) drill results were among the big stories in the gold and silver mining industry making headlines today.
1. Vista Gold
VGZ +5.40% $3.71
ASM +4.43% $1.65
FSM -9.04% $5.33
NSU -7.66% $4.58
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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-- Posted Monday, 24 September 2012 | Digg This Article | Source: GoldSeek.com