-- Posted Wednesday, 5 June 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1402.10 | +$3.90 |
Silver | $22.52 | -$0.02 |
XAU | 108.49 | +0.24% |
HUI | 277.69 | +0.39% |
GDM | 827.11 | +0.49% |
JSE Gold | 1519.36 | +42.05 |
USD | 82.57 | -0.20 |
Euro | 130.92 | +0.12 |
Yen | 100.79 | +0.80 |
Oil | $93.74 | +$0.43 |
10-Year | 2.100% | -0.037 |
T-Bond | 141.78125 | +0.6875 |
Dow | 14960.59 | -1.43% |
Nasdaq | 3401.47 | -1.27% |
S&P | 1608.90 | -1.38% |
The Metals:
Gold climbed $10.01 to $1408.21 in Asia before it fell back to $1395.20 in London and then climbed to as high as $1410.42 in New York, but it then fell back to $1396.60 at about 1:15PM EST and ended with a gain of just 0.28%. Silver slipped to $22.345 in London before it rose to as high as $22.739 in New York, but it then fell back off in the last five hours of trade and ended with a loss of 0.09%.
Euro gold rose to about €1071, platinum gained $19.95 to $1508.75, and copper remained at about $3.37.
Gold and silver equities waffled near unchanged and ended with slight gains.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | May | 135K | 157K | 113K |
Productivity | Q1 | 0.5% | 0.5% | 0.7% |
Unit Labor Costs | Q1 | -4.3% | 0.6% | 0.5% |
Factory Orders | Apr | 1.0% | 1.6% | -4.7% |
ISM Services | May | 53.7 | 53.5 | 53.1 |
Mortgage applications drop as rates surge: MBA Reuters
The fed’s Beige Book reported that the “economy expanded at a “modest to moderate” pace in 11 of 12 Federal Reserve districts, with broad-based gains ranging from business services to construction and manufacturing.”
Tomorrow at 8:30AM EST brings Initial Jobless Claims for 6/01 expected at 348,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose as the U.S. dollar index fell on worse than expected jobs data that sent treasuries higher and the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market today were Apple, CBS, Fannie Mae, and GM.
GATA Posts:
Paul Craig Roberts on gold suppression, the dollar's decline, and 'gangster capitalism'
Reserve Bank of India nears panic in its war against gold
Addison Wiggin: The 'zero hour' scenario
Gold still gleams for China's acquisitive miners
China becomes lead financier to new Australian mines
The Statistics:
As of close of business: 6/04/2013
Gold Warehouse Stocks: | 7,985,137.637 | -21,066.656 |
Silver Warehouse Stocks: | 164,204,924.147 | -289,038.065 |
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 | 1010.448 | 32,486,917 | US$45,589m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$6,234m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$503m |
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 subtracted 2.706 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 186.88: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,988.42: -4.5 change from yesterday’s data.
The Miners:
Rio Alto’s (RIOM) resumed operations, Centerra Gold’s (CG.TO) new deadline, Seabridge Gold’s (SA) new Senior Vice President of Technical Services, Coeur’s (CDE) safety awards, and Revett’s (RVM) AGM results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Rubicon | RBY +5.56% $1.90 |
2. Northern Dynasty | NAK +3.57% $2.61 |
3. AuRico | AUQ +2.86% $5.39 |
LOSERS
1. Eurasian | EMXX-8.58% $1.49 |
2. Paramount | PZG -7.10% $1.44 |
3. Midway | MDW -4.42% $1.08 |
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 Wednesday, 5 June 2013 | Digg This Article | Source: GoldSeek.com