• Gold: 1,460.43 -15.32
  • Silver: 16.58 -0.39
  • Euro: 1.105 -0.005
  • USDX: 97.751 0.362
  • Oil: 59.16 0.82

June 14: Gold and Silver End Mixed Again

Chris Mullen
|
Thursday, June 14th
 

Close

Gain/Loss

Gold

$1624.30

+$5.50

Silver

$28.66

-$0.18

XAU

163.69

+0.69%

HUI

449.49

+032%

GDM

1296.94

+0.37%

JSE Gold

2551.62

-40.14

USD

81.90

-0.24

Euro

126.26

+0.69

Yen

126.00

+0.08

Oil

$83.91

+$1.29

10-Year

1.611%

+0.012

T-Bond

149.75

-0.09375

Dow

12651.91

+1.24%

Nasdaq

2836.33

+0.63%

S&P

1329.10

+1.08%

 
 

 

The Metals:

 

Gold jumped up to $1627.84 by a little before 8:30AM EST before it dropped back to $1610.33 in the next hour of trade, but it then rallied back higher into the close and ended with a gain of 0.34%. Silver slumped to as low as $28.21 before it also rebounded, but it still ended with a loss of 0.62%.

 

Euro gold remained at about €1288, platinum gained $30 to $1490.50, and copper gained 4 cents to about $3.36.

 

Gold and silver equities waffled near unchanged and ended with slight gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

6/09

386K

375K

380K

Current Account Balance

Q1

-$137.3B

-$130.9B

-$124.1B

CPI

May

-0.3%

-0.2%

0.0%

Core CPI

May

0.2%

0.1%

0.2%

 

Pimco’s Kashkari Says Fed Likely to Ease Further With QE3 Bloomberg

U.S. Mortgage Rates Rise for First Time in Eight Weeks Bloomberg

Consumer Confidence in U.S. Rises for Fourth Consecutive Week Bloomberg

Foreclosures up for first time in 27 months Reuters

Foreclosures spike 9% in May Yahoo

 

Tomorrow brings Empire Manufacturing, Net Long Term TIC Flows, Industrial Production, Capacity Utilization, and Michigan Sentiment.

 

The Markets:

 

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

 

Oil jumped higher after OPEC agreed to keep its oil production ceiling unchanged.

 

The U.S. dollar index fell as euro rose along with the Dow, Nasdaq, and S&P on “rising hopes that the Greek elections this weekend will not put Greece on a path to exit the euro.”

 

Treasuries remained lower after today’s $13 billion 30-year note auction sold at a high yield of 2.72% with a bid to cover of 2.4.

 

Among the big names making news in the market today were MF Global, Honda, Nokia, Manchester United, Facebook, and Microsoft.

 

The Statistics:

As of close of business: 6/13/2012

Gold Warehouse Stocks:

11,076,336.234

-32.15

Silver Warehouse Stocks:

144,859,650.936

+1,218,701.736

 

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

1274.375

40,972,422

US$66,343m

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

Gold Bullion Securities

119.42

3,839,422

US$6,210m

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

ETFS Physical Gold

142.61

4,584,908

US$7,476m

Australian Stock Exchange (ASX)

Gold Bullion Securities

14.21

472,152

US$739m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

39.23

1,261,267

US$2,022m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 179.91: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,696.23: No change from yesterday’s data.

 

The Miners:

 

Lake Shore’s (LSG) completed credit facility, MAG Silver’s (MVG) updated PEA, and South American Silver’s (SAC.TO) update on Bolivia were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Gold Reserve

GRZ+17.45% $4.24

2. Midway

MDW +7.50% $1.29

3. Avino

ASM +7.13% $1.37

 

LOSERS

1. Lake Shore

LSG-10.48% $0.94

2. ITH

THM -4.39% $3.05

3. Richmont

RIC -3.27% $5.91

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2012

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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