• Gold: 1,471.66 4.85
  • Silver: 17.05 0.10
  • Euro: 1.107 0.002
  • USDX: 97.794 -0.206
  • Oil: 56.94 -0.96

July 30: Gold and Silver End Mixed

Chris Mullen
|
Monday, July 30th
 

Close

Gain/Loss

Gold

$1622.10

-$1.30

Silver

$28.20

+$0.43

XAU

153.82

+1.33%

HUI

417.49

+1.35%

GDM

1207.70

+1.33%

JSE Gold

2427.87

-3.83

USD

82.82

+0.10

Euro

122.55

-0.63

Yen

127.92

+0.47

Oil

$89.78

-$0.35

10-Year

1.504%

-0.051

T-Bond

151.00

+0.96875

Dow

13073.01

-0.02%

Nasdaq

2945.84

-0.41%

S&P

1385.30

-0.05%

 
 

The Metals:

 

Gold fell $9.32 to $1614.08 by about 8:30AM EST, but it then climbed to as high as $1624.86 in afternoon New York trade and ended with a loss of 0.08%. Silver slipped to $27.53 in Asia, but it then rose to as high as $28.23 in New York and ended with a gain of 1.55%.

 

Euro gold rose to over €1323, platinum gained $5.50 to $1414.50, and copper fell slightly to about $3.42.

 

Gold and silver equities rose about 1% by midmorning before they tailed back off some midday, but they soon returned to their earlier highs and ended with over 1.3% gains.

The Economy:

 

There were no major economic reports today. Tomorrow brings Personal Income and Spending, Core PCE prices, the Employment Cost Index, the Case-Shiller 20-city Index, Chicago PMI, and Consumer Confidence.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell and the U.S. dollar index found slight gains as the euro dropped on speculation that the ECB’s actions this week may not meet the big expectations set by the European Central Bank’s President last week.

 

Treasuries rose as the Dow, Nasdaq, and S&P traded mostly slightly lower on worries about the impacts of this week’s ECB and fed meetings.

 

Among the big names making news in the market today were HSBC, GM, UBS, and Apple.

 

GATA Posts:

 

 

Ron Paul: 'Audit the Fed' moves forward

At least three banks seen central to LIBOR rigging

 

The Statistics:

As of close of business: 7/27/2012

Gold Warehouse Stocks:

10,806,586.921

-322.43

Silver Warehouse Stocks:

139,089,353.710

-1,989,148.90

 

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)

SPDR® Gold Shares

1248.606

40,143,933

US$64,919m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

123.89

3,983,152

US$6,454m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

147.57

4,744,372

US$7,736m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$582m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

40.91

1,315,135

US$2,098m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 3.922 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 182.90: +0.94 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,639.42: No change from yesterday’s data.

 

The Miners:

 

Rubicon’s (RBY) new director, Northern Dynasty’s (NAK) 635-page critique of the draft Bristol Bay Watershed Assessment, Entree’s (EGI) assay results, Banro’s (BAA) mine update, Aurizon’s (AZK) drill results, Vista Gold’s (VGZ) closed private placement, Jaguar’s (JAG) increased estimated measured and indicated mineral resources at its Gurupi Project, Hecla’s (HL) response to U.S. Silver’s (USA.TO) recommended rejection of Hecla’s offer, and Fortuna’s (FSM) new Vice President of Corporate Development were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Alexco

AXU+3.57% $4.35

2. Seabridge

SA+3.50% $15.08

3. Golden Star

GSS+3.45% $1.20

LOSERS

1. Timmins

TGD -5.29% $1.79

2. Comstock

LODE -3.67% $2.89

3. Golden Minerals

AUMN-2.51% $4.27

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 2012

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