-- Posted Monday, 8 October 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1174.70 | -$6.20 |
Silver | $34.01 | -$0.50 |
XAU | 190.08 | -0.76% |
HUI | 510.77 | -0.61% |
GDM | 1468.20 | -0.77% |
JSE Gold | 2445.31 | +47.30 |
USD | 79.59 | +0.23 |
Euro | 129.72 | -0.61 |
Yen | 127.69 | +0.55 |
Oil | $89.33 | -$0.55 |
10-Year | 1.746% | +0.014 |
T-Bond | 148.25 | +0.75 |
Dow | 13583.65 | -0.19% |
Nasdaq | 3112.35 | -0.76% |
S&P | 1455.88 | -0.35% |
The Metals:
Gold fell $14.30 to $1766.60 in Asia, but it then climbed back higher throughout most of trade in New York and ended with a loss of just 0.35%. Silver slipped to as low as $33.776 before it also rebounded, but it still ended with a loss of 1.45%.
Euro gold rose to about €1368, platinum lost $12 to $1689.50, and copper fell a couple of cents to about $3.74.
Gold and silver equities fell over 1% at the open before they rebounded in afternoon trade, but they still ended with modest losses on the day.
The Economy:
There were no major economic reports today and there are none due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell and the U.S. dollar index rose as the euro fell on apprehension about a meeting between Eurozone finance ministers.
The bond market was closed in observance of Columbus Day.
The Dow, Nasdaq, and S&P fell on worries about Europe.
Among the big names making news in the market today were UBS, Staples, Allscripts, Apple, Yahoo, and UnitedHealth.
GATA Posts:
India joins the modern world: 'Erroneous trades' cause flash crash
James Turk: Determining the value of gold
The Statistics:
As of close of business: 10/05/2012
Gold Warehouse Stocks: | 11,017,782.149 | +5,035.72 |
Silver Warehouse Stocks: | 143,957,622.546 | +843,291.206 |
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 | 1333.440 | 42,871,438 | US$76,452m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 141.10 | 4,536,405 | US$8,057m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 154.45 | 4,965,564 | US$8,097m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$637m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.45 | 1,364,715 | US$2,214m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 204.60: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,920.18: No change from yesterday’s data.
The Miners:
WINNERS
1. ITH | THM +2.67% $2.69 |
2. Avino | ASM +1.93% $1.70 |
3. Midway | MDW+1.83% $1.67 |
LOSERS
1. Golden Star | GSS -5.03% $1.89 |
2. Gold Standard | GSV -3.68% $1.83 |
3. Comstock | LODE -3.00% $2.91 |
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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© Gold Seeker 2012
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-- Posted Monday, 8 October 2012 | Digg This Article | Source: GoldSeek.com