• Gold: 1,464.42 5.91
  • Silver: 16.93 0.12
  • Euro: 1.101 0.000
  • USDX: 98.316 -0.011
  • Oil: 56.31 -0.49

September 20: Gold and Silver End Mixed

Chris Mullen
|
Thursday, September 20th
 

Close

Gain/Loss

Gold

$1768.40

-$2.10

Silver

$34.62

+$0.01

XAU

193.50

-0.70%

HUI

522.15

-0.70%

GDM

1499.51

-0.68%

JSE Gold

2491.25

-0.07

USD

79.42

+0.32

Euro

129.67

-0.81

Yen

127.79

+0.18

Oil

$91.87

-$0.11

10-Year

1.777%

-0.005

T-Bond

145.96875

+0.34375

Dow

13596.93

+0.14%

Nasdaq

3175.96

-0.21%

S&P

1460.26

-0.05%

 
 

The Metals:

 

Gold fell $14.70 to $1755.80 at about 6:20AM EST, but it then rose to as high as $1770.42 in New York and ended with a loss of just 0.12%. Silver slipped to as low as $34.084 in London, but it also rallied back higher in New York and ended near its midday high of $34.692 with a gain of 0.03%.

 

Euro gold climbed to about €1364, platinum lost $12.25 to $1621.25, and copper fell 5 cents to about $3.77.

 

Gold and silver equities fell about 2% at the open before they rallied back higher midday, but they still ended with modest losses.

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

9/15

382K

375K

385K

Philadelphia Fed

Sep

-1.9

-4.0

-7.1

Leading Indicators

Aug

-0.1%

0.0%

0.5%

 

Mortgage Rates for 30-Year Loans Tumble, Matching Record Bloomberg

There are no major economic reports due out tomorrow.

 

The Markets:

 

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

 

Oil ended slightly lower as the U.S. dollar index and treasuries rose on worries about global economic growth that held the Dow, Nasdaq, and S&P mostly slightly lower.

 

Among the big names making news in the market today were Jefferies, Samsung, Facebook, and Exxon.

 

GATA Posts:

 

 

Support for GATA in Jay Taylor's Internet radio interview with Peter Grandich

 

The Statistics:

As of close of business: 9/19/2012

Gold Warehouse Stocks:

11,107,678.882

-

Silver Warehouse Stocks:

140,873,809.838

+459,249.09

 

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

1305.399

41,969,874

US$74,133m

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

Gold Bullion Securities

134.89

4,336,906

US$7,646m

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

ETFS Physical Gold

151.47

4,869,903

US$7,941m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$632m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

42.45

1,364,715

US$2,214m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.111 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.80: +1.21 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,883.40: +42.18 change from yesterday’s data.

 

The Miners:

 

Great Basin’s (GBG) $35 million working capital loan, Barrick Gold’s (ABX) clash in Peru, Loncor’s (LON) financing, ITH’s (THM) new CEO, Brigus Gold’s (BRD) new mineral resource estimate, Centerra’s (CG.TO) resumption of milling activities, and New Gold’s (NGD) Preliminary Economic Assessment were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Solitario

XPL+12.88% $1.84

2. Revett

RVM+4.38% $3.81

3. Timmins

TGD+3.51% $2.95

LOSERS

1. Loncor

LON-21.13% $1.12

2. Jaguar

JAG -7.97% $1.27

3. Turquoise Hill

TRQ -5.69% $9.29

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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