-- Posted Tuesday, 8 October 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1319.40 | -$3.00 |
Silver | $22.30 | -$0.03 |
XAU | 88.93 | -3.11% |
HUI | 219.27 | -2.97% |
GDM | 656.55 | -2.98% |
JSE Gold | 1186.05 | -5.28 |
USD | 80.02 | +0.08 |
Euro | 135.72 | -0.07 |
Yen | 103.20 | -0.15 |
Oil | $103.49 | +$0.46 |
10-Year | 2.636% | +0.002 |
T-Bond | 133.375 | UNCH |
Dow | 14776.53 | -1.07% |
Nasdaq | 3694.83 | -2.00% |
S&P | 1655.45 | -1.23% |
The Metals:
Gold saw a slight gain at $1327.06 in Asia before it fell back to $1315.94 in London and then climbed to as high as $1329.80 by midmorning in New York, but it then fell back off in the last 6 hours of trade and ended with a loss of 0.23%. Silver slipped to $22.11 before it rebounded to $22.476 and then also fell back off in late trade, but it ended with a loss of just 0.13%.
Euro gold fell to about €972, platinum rose $1.50 to $1401.00, and copper fell slightly to about $3.29.
Gold and silver equities fell throughout most of trade and ended with about 3% losses.
The Economy:
No global leadership as economy slides toward edge MarketWatch
Spending could drop by $175 billion in a month if debt ceiling not lifted MarketWatch
What default? Republicans downplay impact of U.S. debt limit Reuters
Big creditors China, Japan press U.S. to resolve debt row Reuters
IMF cuts global growth forecast, warns of prolonged stupor Reuters
Small-Business Optimism in U.S. Declines to Three-Month Low Bloomberg
Biggest US Foreign Creditors Show Concern on Default Risk Bloomberg
Shutdown Merges With Debt Debate as Senate Seeks Strategy Bloomberg
There were no major economic reports released today due to the government shutdown. Tomorrow may bring Wholesale Inventories and FOMC Minutes.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher along with the U.S. dollar index and treasuries waffled near unchanged on hopes that Congress will solve its budget and debt problems.
The Dow, Nasdaq, and S&P fell on disappointing company reports.
Among the big names making news in the market today were Facebook, Xerox, Alcatel-Lucent, Morgan Stanley, Yahoo, Tower, J.C. Penney, and Amazon.
GATA Posts:
Comex and LBMA require market's ignorance, Tocqueville's Hathaway writes
The Statistics:
As of close of business: 10/07/2013
Gold Warehouse Stocks: | 6,888,160.019 | +6,637.146 |
Silver Warehouse Stocks: | 166,263,523.005 | -155,480.534 |
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 | 899.985 | 28,935,420 | US$38,451m |
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$5,883m |
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$475m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.55 | 1,335,829 | US$ |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 176.83: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,565.19: -59.95 change from yesterday’s data.
The Miners:
Seabridge Gold-s (SA) drill results, Brigus Gold’s (BRD) third quarter production, and Great Panther’s (GPL) Environmental Impact Permit were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Seabridge | SA +3.92% $10.08 |
2. Eurasian | EMXX +1.64% $1.24 |
LOSERS
1. Allied Nevada | ANV -8.87% $4.42 |
2. Rubicon | RBY -6.25% $1.20 |
3. Endeavour Silver | EXK -5.87% $4.01 |
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, 8 October 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
