-- Posted Tuesday, 8 October 2013 | | Disqus
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.
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.
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.
Comex and LBMA require market's ignorance, Tocqueville's Hathaway writes
As of close of business: 10/07/2013
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
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.
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.
SA +3.92% $10.08
EMXX +1.64% $1.24
1. Allied Nevada
ANV -8.87% $4.42
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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-- Posted Tuesday, 8 October 2013 | Digg This Article | Source: GoldSeek.com