-- Posted Friday, 6 September 2013 | | Disqus
| Close | Gain/Loss | On Week |
Gold | $1388.50 | +$19.80 | -0.42% |
Silver | $23.81 | +$0.60 | +1.62% |
XAU | 103.00 | +1.74% | -0.42% |
HUI | 253.81 | +1.89% | +0.00% |
GDM | 770.94 | +1.64% | -0.56% |
JSE Gold | 1288.02 | -7.67 | -1.23% |
USD | 82.16 | -0.47 | +0.12% |
Euro | 131.77 | +0.59 | -0.31% |
Yen | 100.95 | +1.06 | -0.89% |
Oil | $110.53 | +$2.16 | +2.68% |
10-Year | 2.938% | -0.041 | +6.88% |
Bond | 130.6875 | +0.56625 | -1.65% |
Dow | 14922.50 | -0.10% | +0.76% |
Nasdaq | 3660.01 | +0.03% | +1.95% |
S&P | 1655.17 | +0.01% | +1.36% |
The Metals:
Gold fell $5.81 to $1362.89 in London before it jumped up to $1392.80 just after 8:30AM EST and then fell back to $1380.60 in the next hour of trade, but it then chopped back higher into the close and ended with a gain of 1.45%. Silver slipped to $23.03 at about 7AM EST, but it then surged to as high as $23.92 in New York and ended with a gain of 2.59%.
Euro gold climbed back to about €1054, platinum gained $9.50 to $1487.50, and copper climbed a couple of cents to about $3.26.
Gold and silver equities rose over 2% in the first 10 minutes of trade before they pared their gains a bit by midday, but they then rallied back higher in the last couple of hours of trade and ended back near their early highs.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Aug | 169K | 177K | 104K |
Unemployment Rate | Aug | 7.3% | 7.4% | 7.4% |
Hourly Earnings | Aug | 0.2% | 0.2% | 0.0% |
Average Workweek | Aug | 34.5 | 34.5 | 34.4 |
The BLS net birth/death adjustment added 90,000 payrolls to August’s data. Private Payrolls rose 152,000. July’s payrolls were revised down to 104,000 from a previously stated 162,000.
Summers Faces Key 'No' Votes if Picked for Fed Yahoo
G20 says economy recovering but no end to crisis yet Reuters
All of this week’s other economic reports:
Next week’s economic highlights include Consumer Credit on Monday, JOLTS Job Openings data on Tuesday, Wholesale Inventories on Wednesday, Export and Import Prices, Initial Jobless Claims, and the Treasury Budget on Thursday, and Retail Sales, PPI, Michigan Sentiment, and Business Inventories on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil closed at its highest in over 2 years as the U.S. dollar index fell and treasuries jumped higher on worse than expected jobs data that sent the Dow, Nasdaq, and S&P higher on expectations that the fed will be less likely to taper its bond buying, but worries about Syria dragged the Dow back lower by the close.
Among the big names making news in the market Friday were Verizon, American Tower, Home Depot, and Disney.
The Statistics:
Activity from: 9/05/2013
Gold Warehouse Stocks: | 7,008,558.234 | -17,040.599 |
Silver Warehouse Stocks: | 163,185,760.934 | -832,870.82 |
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 | 919.228 | 29,554,098 | US$40,972m |
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$6,162m |
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$498m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.92 | 1,347,704 | US$1,867m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 178.17: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,533.72: No change from yesterday’s data.
The Miners:
AngloGold’s (AU) two-year wage settlement was the only big story in the gold and silver mining industry making headlines Friday.
WINNERS
1. Tanzanian Royalty | TRX +7.83% $3.58 |
2. Timmins Gold | TGD +6.99% $1.99 |
3. NovaGold | NG +6.92% $2.78 |
LOSERS
1. DRDGOLD | DRD -5.72% $6.10 |
2. Alexco | AXU -3.57% $1.89 |
3. Golden Minerals | AUMN-0.91% $1.09 |
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 Friday, 6 September 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Mixed on the Week
