-- Posted Tuesday, 3 September 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1411.80 | +$17.50 |
Silver | $24.26 | $+0.83 |
XAU | 104.68 | +1.21% |
HUI | 255.76 | +0.78% |
GDM | 782.82 | +0.97% |
JSE Gold | 1297.65 | +12.55 |
USD | 82.33 | +0.27 |
Euro | 131.76 | -0.47 |
Yen | 100.45 | -1.41 |
Oil | $108.54 | +$0.89 |
10-Year | 2.848% | +0.099 |
T-Bond | 131.62625 | -0.625 |
Dow | 14833.96 | +0.16% |
Nasdaq | 3612.61 | +0.63% |
S&P | 1639.77 | +0.42% |
The Metals:
Gold fell $21 to $1373.90 at the open of trade on Sunday night before it rebounded to $1397.99 on Monday and then fell back to $1384.30 by a little after 4AM EST today, but it then climbed steadily higher throughout most of the rest of trade and ended near its late session high of $1416.16 with a gain of 1.26%. Silver slipped to as low as $23.074 on Monday, but it then surged to as high as $24.479 today and ended with a gain of 3.54%.
Euro gold rose to over €1071, platinum gained $34.80 to $1553.00, and copper climbed 7 cents to about $3.30.
Gold and silver equities rose over 2% in the first half hour of trade before they fell back near unchanged by midday, but they still ended with about 1% gains on the day.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Index | Aug | 55.7 | 53.6 | 55.4 |
Construction Spending | July | 0.6% | 0.5% | 0.0% |
Tomorrow at 8:30AM EST brings the Trade Balance for July expected at -$38.2 billion and at 2PM is the fed’s Beige Book from September.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil climbed higher on decent economic data and worries about Syria.
The U.S. dollar index saw slight gains and treasuries fell on better than expected economic data that sent the Dow, Nasdaq, and S&P higher in early trade, but worries about Syria dragged stocks back near unchanged by midday and the major indices ended with only modest gains on the day.
House Speaker Backs Obama’s Call for Strike Against Syria NYTimes
Among the big names making news in the market today were Jarden, Verizon, Dell, and Microsoft.
GATA Posts:
Asian bonds tumble below par in capital flight
Doug Pollitt: Of bullion, backwardation, and Buffett
New York Sun: The class-backed dollar
GATA secretary to speak at two Australian conferences in October
Gold market manipulation pleases financial letter writer Faber
The Statistics:
As of close of business: 8/30/2013
Gold Warehouse Stocks: | 7,024,827.233 | +11,602.397 |
Silver Warehouse Stocks: | 164,349,648.018 | +578,274.70 |
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) AND Mexico Stock Exchange (BMV) | SPDR® Gold Shares | 921.030 | 29,612,041 | US$41,424m |
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$6,248m |
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$507m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.52 | 1,367,053 | US$1,903m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 178.20: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,537.71: -62.98 change from yesterday’s data.
The Miners:
Newmont’s new Executive Vice President and Chief Financial Officer, Endeavour Silver’s (EXK) mine fatality, Aurcana’s (AUN.V) video news release, and Silver Bear’s (SBR.TO) mining license were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +8.32% $1.55 |
2. Endeavour Silver | EXK +4.22% $5.19 |
3. Tanzanian Royalty | TRX +4.22% $3.46 |
LOSERS
1. Paramount | PZG -3.95% $1.46 |
2. Great Panther | GPL -2.63% $1.11 |
3. Eurasian | EMXX-2.16% $1.36 |
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 2013
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-- Posted Tuesday, 3 September 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains Over 1% While Silver Surges Almost 4%
