-- Posted Thursday, 11 October 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1767.50 | +$4.60 |
Silver | $33.98 | -$0.04 |
XAU | 188.30 | +0.46% |
HUI | 503.95 | +0.43% |
GDM | 1448.03 | +0.26% |
JSE Gold | 2445.24 | +28.95 |
USD | 79.79 | -0.10 |
Euro | 129.29 | +0.63 |
Yen | 127.64 | -0.26 |
Oil | $92.07 | +$0.82 |
10-Year | 1.675% | -0.016 |
T-Bond | 149.25 | +0.53125 |
Dow | 13326.39 | -0.14% |
Nasdaq | 3049.41 | -0.08% |
S&P | 1432.84 | +0.02% |
The Metals:
Gold climbed up to $1774.75 by a little after 8AM EST before it fell back to almost unchanged by midmorning in New York, but it then bounced back higher midday and ended with a gain of 0.26%. Silver rose to as high as $34.33 before it also fell back off and ended with a loss of 0.12%.
Euro gold remained at about €1367, platinum gained $10.50 to $1678.50, and copper climbed 4 cents to about $3.76.
Gold and silver equities rose a little over 1% about an hour into trade before they fell back off in afternoon trade, but they still ended with slight gains on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Export Prices | Sep | 0.8% | - | 1.0% |
Export Prices ex-ag. | Sep | 0.7% | - | 0.4% |
Import Prices | Sep | 1.1% | - | 1.1% |
Import Prices ex-oil | Sep | 0.2% | - | -0.2% |
Initial Claims | 10/06 | 339K | 370K | 369K |
Trade Balance | Aug | -$44.2B | -$43.8B | -$42.5B |
US foreclosure filings hit 5-year low in September Yahoo
Tomorrow brings PPI, Michigan Sentiment, and the Treasury Budget.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained higher after the Energy Information Administration reported that crude inventories rose 1.7 million barrels, gasoline inventories fell 500,000 barrels, and distillates fell 3.2 million barrels.
The U.S. dollar index fell on decent economic data that sent the Dow, Nasdaq, and S&P higher in early trade, but the major indices then fell back off in early afternoon trade and ended near unchanged on an unfavorable court ruling for Apple.
Treasuries reversed higher after today’s $13 billion 30-year note auction sold at a high yield of 2.904% with a bid to cover of 2.49.
Among the big names making news in the market today were Apple, Softbank, JPMorgan, and Realogy.
GATA Posts:
The wonder is that he's not already president of the New York Fed
Another thoughtful speculation on a huge upward official revaluation of gold
Gold suppression researcher Dimitri Speck interviewed by Lars Schall
The Statistics:
As of close of business: 10/10/2012
Gold Warehouse Stocks: | 11,205,452.113 | +4,866.11 |
Silver Warehouse Stocks: | 144,466,542.798 | +47,149.52 |
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 | 1340.521 | 43,099,107 | US$75,899m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 142.47 | 4,580,478 | US$8,105m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 154.68 | 4,973,226 | US$8,110m |
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 205.45: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,920.18: No change from yesterday’s data.
The Miners:
Royal Gold’s (RGLD) priced offering, Goldcorp’s (GG) completed share sale, Northern Dynasty’s (NAK) drilling, McEwen’s (MUX) drill results, NovaGold’s (NG) third quarter results, South Africa’s miner rejection of a pay proposal, Aurcana’s (AUN.V) filed technical report, Golden Minerals’ (AUMN) production increases, and Fortuna’s (FSM) record production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Fortuna | FSM +6.02% $5.11 |
2. Nevsun | NSU +4.64% $4.74 |
3. Golden Star | GSS+4.57% $2.06 |
LOSERS
1. Exeter | XRA -5.30% $1.43 |
2. Royal Gold | RGLD-4.05% $91.40 |
3. Midway | MDW -3.03% $1.60 |
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 Thursday, 11 October 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged Again
