-- Posted Friday, 27 September 2013 | | Disqus
| Close | Gain/Loss | On Week |
Gold | $1336.00 | $12.30 | +0.81% |
Silver | $21.72 | $0.02 | -0.09% |
XAU | 93.74 | -0.02% | -2.09% |
HUI | 230.31 | -0.18% | -1.23% |
GDM | 690.85 | -0.15% | -2.44% |
JSE Gold | 1238.23 | +2.64 | +0.69% |
USD | 80.25 | -0.30 | -0.25% |
Euro | 135.23 | +0.35 | +0.03% |
Yen | 101.83 | +0.78 | +1.17% |
Oil | $102.87 | -$0.16 | -1.72% |
10-Year | 2.619% | -0.024 | -4.14% |
Bond | 133.375 | +0.25 | +0.33% |
Dow | 15258.24 | -0.46% | -1.82% |
Nasdaq | 3781.59 | -0.15% | +0.18% |
S&P | 1691.75 | -0.41% | -1.06% |
The Metals:
Gold dipped down to $1321.25 at about 5:30AM EST before it jumped up to $1343.75 in the next 3 hours of trade and then pared back to $1333.38 in the following hour, but it then chopped back higher into the close and ended with a gain of 0.93%. Silver slipped to as low as $21.46 in late Asian trade before it shot up to $22.10 and then fell back to $21.70, but it still ended with a gain of 0.05%.
Euro gold climbed to about €988, platinum gained $8 to $1414.00, and copper climbed a couple of cents to about $3.32.
Gold and silver equities saw almost 2% gains at the open before they fell to see slight losses by early afternoon, but they then edged back higher in the last few hours of trade and ended near unchanged.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | Aug | 0.4% | 0.3% | 0.2% |
Personal Spending | Aug | 0.3% | 0.2% | 0.2% |
PCE Prices - Core | Aug | 0.2% | 0.1% | 0.1% |
Michigan Sentiment | Sep | 77.5 | 77.3 | 76.8 |
"Decent chance" Fed can start tapering this year: Evans Reuters
Preparing for shutdown, government plans furloughs Yahoo
All of this week’s other economic reports:
Next week’s economic highlights include Chicago PMI on Monday, the ISM Index and Construction Spending on Tuesday, ADP Employment on Wednesday, Initial Jobless Claims, Factory Orders, and ISM Services on Thursday, and September’s jobs data on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower in mixed trade on worries about the possibility of a U.S. government shutdown.
The U.S. dollar index fell after Chicago Federal Reserve Bank president Charles Evans said the fed may not begin to scale back its monthly bond-buying program until 2014.
Treasuries rose as the Dow, Nasdaq, and S&P fell on worries about the federal budget and the economy.
Among the big names making news in the market Friday were J.C Penney, Nike, Pimco, and Blackberry.
GATA Posts:
Embry notes Bank of England's refusal to explain gold vault discrepancy
MineWeb cites GATA in report on CFTC's decision not to act in silver
The Statistics:
Activity from: 9/26/2013
Gold Warehouse Stocks: | 6,863,297.933 | - |
Silver Warehouse Stocks: | 165,417,151.959 | +768,232.98 |
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$39,203m |
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$5,948m |
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$481m |
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: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,629.65: No change from yesterday’s data.
The Miners:
WINNERS
1. NovaGold | NG +4.93% $2.34 |
2. Rubicon | RBY +3.85% $1.35 |
3. Timmins | TGD +2.98% $1.73 |
LOSERS
1. Revett | RVM-2.98% $1.174 |
2. Turquoise | TRQ -2.38% $4.52 |
3. Almaden | AAU -1.41% $1.40 |
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, 27 September 2013 | Digg This Article | Source: GoldSeek.com