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Gold Seeker Closing Report: Gold Gains and Silver Slips
By: Chris Mullen, Gold-Seeker.com


-- Posted Monday, 1 July 2013 | | Disqus

 

Close

Gain/Loss

Gold

$1252.70

+$20.50

Silver

$19.60

-$0.02

XAU

91.47

+1.46%

HUI

231.00

+1.28%

GDM

686.80

+1.55%

JSE Gold

1265.97

+32.81

USD

82.99

-0.17

Euro

130.64

+0.49

Yen

100.39

-0.30

Oil

$97.99

+$1.43

10-Year

2.490%

+0.012

T-Bond

135.875

+0.03125

Dow

14974.96

+0.44%

Nasdaq

3434.49

+0.92%

S&P

1614.96

+0.54%

 
 

 

The Metals:

 

Gold rose about 1% in Asia before it fell back to $1233.80 in London, but it then climbed to as high as $1261.20 in New York and ended with a gain of 1.66%.  Silver jumped to $20.09 in Asia before it dropped back to $19.408 in London and then bounced back higher in New York, but it still ended with a loss of 0.1%.

 

Euro gold rose to almost €959, platinum gained $36 to $1373, and copper climbed 11 cents to about $3.16.

 

Gold and silver equities opened up about 2% higher before they fell to see modest losses by midmorning, but they then rallied back higher midday and ended with about 1.5% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Construction Spending

May

0.5%

0.5%

0.1%

ISM Index

June

50.9

50.5

49.0

 

Tomorrow at 10AM EST brings Factory Orders for May expected at 2.0%.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose on decent economic data and worries about the Middle East.

 

The U.S. dollar index fell as the euro rose on better than expected manufacturing data in Europe.

 

Treasuries traded near unchanged as the Dow, Nasdaq, and S&P climbed higher on optimism about the global economy.

 

Among the big names making news in the market today were Dell, Citigroup, Onyx, and Apple.

 

GATA Posts:

 

 

Alasdair Macleod: Gold's undervaluation is extreme

Banks charged with blocking credit default swaps market

France's triumphant 'Joan of Arc' vows to bring back franc and destroy euro

Shanghai starts night trading for gold and silver futures July 5

Gold price falls fuel 'record' bullion sales

Central banks sell record sums of US debt

 

The Statistics:

As of close of business: 6/28/2013

Gold Warehouse Stocks:

7,502,336.105

+4,114.662

Silver Warehouse Stocks:

166,117,279.044

+1,622,167.587

 

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$38,718m

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$5,576m

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$449m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

42.43

1,364,180

US$1,626m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 179.04: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,905.88: No change from yesterday’s data.

 

The Miners:

 

Royal Gold’s (RGLD) update on Pascua-Lama and Vista Gold’s (VGZ) Environmental Impact Statement were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  B2Gold

BTG +20.66% $2.57

2.  Alexco

AXU +15.18% $1.29

3.  Midway

MDW +8.17% $1.02

 

LOSERS

1.  Coeur

CDE-4.36% $12.72

2.  Endeavour Silver

EXK -3.79% $3.30

3.  Allied Nevada

ANV -3.24% $6.27

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2013

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


-- Posted Monday, 1 July 2013 | Digg This Article | Source: GoldSeek.com

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