-- Posted Thursday, 27 June 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1199.10 | -$25.00 |
Silver | $18.50 | -$0.02 |
XAU | 84.35 | +2.43% |
HUI | 211.52 | +2.25% |
GDM | 629.25 | +2.41% |
JSE Gold | 1171.85 | -3.89 |
USD | 82.92 | -0.03 |
Euro | 130.42 | +0.30 |
Yen | 101.73 | -0.54 |
Oil | $97.05 | +$1.55 |
10-Year | 2.483% | -0.056 |
T-Bond | 135.8125 | +0.84375 |
Dow | 15024.49 | +0.77% |
Nasdaq | 3401.86 | +0.76% |
S&P | 1613.20 | +0.62% |
The Metals:
Gold climbed $20.80 to $1244.90 in Asia before it fell back to $1224.00 in London and then bounced back higher in morning New York trade, but it then plunged to a new 34 month low of $1196.80 at about 2PM EST and ended with a loss of 2.04%. Silver climbed to $18.971 in Asia and fell to $18.526 in London before it climbed back to $18.901 by noon in New York and then dropped to a new session low of $18.371 in the next two hours of trade, but it then climbed back higher in the final two hours of the day and ended with a loss of just 0.11%.
Euro gold fell to under €920, platinum rose $15 to $1314, and copper fell slightly to about $3.04.
Gold and silver equities curiously bucked the trend in gold. While gold was plunging below $1200, the miners were climbing over 3% higher at times and the XAU, HUI, and GDM ended with over 2% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 6/22 | 346K | 345K | 355K |
Personal Income | May | 0.5% | 0.2% | 0.1% |
Personal Spending | May | 0.3% | 0.4% | -0.3% |
PCE Prices - Core | May | 0.1% | 0.1% | 0.0% |
Pending Home Sales | May | 6.7% | 1.5% | -0.5% |
30-year-mortgage rate soars to almost 2-year high MarketWatch
Tomorrow at 9:45 brings Chicago PMI for June expected at 55.5 and at 9:55 is Michigan Sentiment for June expected at 82.7.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on better than expected economic data that sent the U.S. dollar index higher in early trade, but the dollar then fell back off in afternoon trade and ended slightly lower on some new fed comments.
Fed's Powell: Market rate moves not justifiable MarketWatch
Dudley Says QE May Be Prolonged If Economy Misses Fed Forecasts Bloomberg
Treasuries remained higher after today’s $29 billion 7-year note auction sold at a yield of 1.932% with a bid to cover of 2.61.
The Dow, Nasdaq, and S&P “rose amid better-than-estimated economic data and assurances from Federal Reserve officials that the central bank will continue to spur growth if needed.”
Among the big names making news in the market today were Ford and Blackberry.
GATA Posts:
Gold rush as prices drop in Laos
Stoferle sees negative interest rates supporting gold
India's central bank moves to deter rural gold buying
Somebody is terrified of gold's likely message, Grandich tells Bull Market Thinking
Fund manager Vogelzang on CNBC: Gold market rigging 'wouldn't surprise me a bit'
Gold premiums double in India amid surging demand
The Statistics:
As of close of business: 6/26/2013
Gold Warehouse Stocks: | 7,556,019.424 | -34,146.295 |
Silver Warehouse Stocks: | 164,445,903.004 | -401,855.17 |
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 | 969.501 | 31,170,424 | US$38,408m |
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$5,470m |
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$431m |
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: 179.04: -1.51 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,890.87: +9.00 change from yesterday’s data.
The Miners:
Seabridge’s (SA) AGM results, Eurasian’s (EMXX) drill results, AuRico’s (AUQ) non-executive Chairman appointment, and Gold Resource’s (GORO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm | PVG +7.17% $6.13 |
2. IAMGOLD | IAG +7.07% $4.09 |
3. First Majestic | AG +7.01% $9.47 |
LOSERS
1. Comstock | LODE -5.71% $1.65 |
2. Sandstorm | SAND-5.42% $4.89 |
3. B2Gold | BTG -3.09% $1.88 |
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 Thursday, 27 June 2013 | Digg This Article | Source: GoldSeek.com