-- Posted Thursday, 3 October 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1317.40 | +$1.40 |
Silver | $21.70 | UNCH |
XAU | 90.55 | -1.33% |
HUI | 222.67 | -1.16% |
GDM | 668.73 | -0.95% |
JSE Gold | 1189.47 | -15.31 |
USD | 79.77 | -0.11 |
Euro | 136.21 | +0.39 |
Yen | 102.83 | +0.08 |
Oil | $103.31 | -$0.79 |
10-Year | 2.606% | -0.020 |
T-Bond | 133.40625 | +0.125 |
Dow | 14996.48 | -0.90% |
Nasdaq | 3774.34 | -1.07% |
S&P | 1678.66 | -0.90% |
The Metals:
Gold dropped $14 to $1302.00 in early New York trade before it rebounded to as high as $1321.71 by midday, but it then chopped back lower in the last four hours of trade and ended with a gain of just 0.11%. Silver slipped to as low as $21.40 before it climbed back to as high as $21.81, but it then edged back lower and ended unchanged on the day.
Euro gold fell to about €967, platinum lost $17.50 to $1371.50, and copper fell 4 cents to abo $3.27.
Gold and silver equities saw slight gains for most of the morning, but they then fell back off in afternoon trade and ended with about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 9/28 | 308K | 315K | 307K |
ISM Services | Sep | 54.4 | 57.2 | 58.6 |
Today’s Factory Orders report was not released due to the government shutdown. Tomorrow’s jobs data will also be delayed.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell along with the U.S. dollar index on the continued government shutdown.
Treasuries saw decent gains as the Dow, Nasdaq, and S&P dropped rather markedly on worries about when congress can come to a resolution.
Among the big names making news in the market today were Citigroup, Herbalife, United Technologies, and Tesla.
GATA Posts:
No delivery allowed in Malaysia's first gold futures contract
GATA secretary interviewed on CNBC Asia about gold market manipulation
The Statistics:
As of close of business: 10/02/2013
Gold Warehouse Stocks: | 6,891,441.863 | - |
Silver Warehouse Stocks: | 166,739,901.599 | +1,139,754.53 |
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 | 901.787 | 28,993,343 | US$38,139m |
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$5,854m |
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$473m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.92 | 1,347,690 | US$1,869m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.203 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 177.62: -0.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,625.14: -4.41 change from yesterday’s data.
The Miners:
WINNERS
1. Revett | RVM +4.11% $1.26 |
2. Comstock | LODE +1.10% $1.84 |
3. AuRico | AUQ +1.08% $3.76 |
LOSERS
1. Turquoise | TRQ -6.31% $4.16 |
2. Northern Dynasty | NAK -6.21% $1.66 |
3. Silver Standard | SSRI -3.57% $5.68 |
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 Thursday, 3 October 2013 | Digg This Article | Source: GoldSeek.com