-- Posted Wednesday, 25 September 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1333.10 | +$10.60 |
Silver | $21.76 | +$0.11 |
XAU | 95.28 | +1.66% |
HUI | 234.06 | +1.98% |
GDM | 703.62 | +2.00% |
JSE Gold | 1224.59 | -0.17 |
USD | 80.31 | -0.27 |
Euro | 135.28 | +0.56 |
Yen | 101.57 | +0.29 |
Oil | $102.66 | -$0.47 |
10-Year | 2.614% | -0.039 |
T-Bond | 133.5625 | +0.59375 |
Dow | 15273.26 | -0.40% |
Nasdaq | 3761.09 | -0.19% |
S&P | 1692.77 | -0.27% |
The Metals:
Gold climbed $7.20 to $1329.70 in Asia before it fell to see a $5.66 loss at $1316.84 in London, but it then shot to as high as $1337.90 in New York and ended with a gain of 0.8%. Silver slipped to as low as $21.469 at about 8:45AM EST, but it then climbed to as high as $21.929 in the next four hours of trade and ended with a gain of 0.51%.
Euro gold climbed over €985, platinum rose $0.30 to $1421.50, and copper remained at about $3.27.
Gold and silver equities rose over 3% by late morning before they fell back off a bit in the last couple of hours of trade, but they still ended with about 2% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Goods | Aug | 0.1% | 0.5% | -8.1% |
Durable Goods -ex trans. | Aug | -0.1% | 0.9% | -0.5% |
New Home Sales | Aug | 421K | 415K | 390K |
Debt ceiling to be hit Oct. 17 barring action: Lew MarketWatch
U.S. mortgage applications gain as rates slip: MBA Reuters
Tomorrow brings Initial Jobless Claims, GDP, and Pending Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil erased early gains after the Energy Information Administration reported that crude inventories rose 2.6 million barrels, gasoline inventories rose 200,000 barrels, and distillates fell 200,000 barrels.
The U.S. dollar index fell along with the Dow, Nasdaq, and S&P on worries about the U.S. Budget battle.
Treasuries remained higher after today’s $35 billion 5-year note auction sold at a yield of 1.436% with a bid to cover of 2.67.
Among the big names making news in the market today were Oracle, JPMorgan, AutoZone, Bank of America, Wal-Mart, ICAP, Stryker, and New York Life.
GATA Posts:
CFTC drops investigation of silver market rigging
Thailand considers establishing spot gold exchange
Fed suspects reporters in premature gold surge
Alasdair Macleod: The 80 / 20 rule
Maguire tells 'Keiser Report' of the market-rigging evidence given to the CFTC
Central banks have already lost their battle against gold, Sprott says
World Gold Council elects Randall Oliphant as new chairman
Bundesbank doesn't really want its gold back from NY Fed, Rickards says
The Statistics:
As of close of business: 9/24/2013
Gold Warehouse Stocks: | 6,863,169.333 | +3,009.26 |
Silver Warehouse Stocks: | 163,912,330.441 | +996.65 |
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 | 909.594 | 29,244,351 | US$38,670m |
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$5,930m |
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$480m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.92 | 1,347,690 | US$1,869m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 178.08: +0.52 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,629.65: +26.98 change from yesterday’s data.
The Miners:
Freeport’s (FCX) dividend, Newmont’s (NEM) eye for acquisitions, and Bear Creek’s (BCM.V) Environmental and Social Impact Assessment approval were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Revett | RVM +13.46% $1.18 |
2. Rubicon | RBY +7.14% $1.35 |
3. Endeavour Silver | EXK +6.81% $4.55 |
LOSERS
1. Seabridge | SA -2.87% $11.17 |
2. Tanzanian Royalty | TRX -2.73% $2.85 |
3. Avino | ASM -2.38% $1.23 |
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, 25 September 2013 | Digg This Article | Source: GoldSeek.com