Close | Gain/Loss | |
Gold | $1659.00 | +$17.70 |
Silver | $31.71 | +$0.23 |
XAU | 167.07 | +0.66% |
HUI | 449.25 | +1.20% |
GDM | 1301.71 | +1.21% |
JSE Gold | 2262.88 | -49.26 |
USD | 79.86 | +0.10 |
Euro | 130.84 | -0.22 |
Yen | 123.95 | +1.26 |
Oil | $101.02 | -$1.44 |
10-Year | 1.988% | -0.049 |
T-Bond | 141.40625 | +0.8125 |
Dow | 12715.93 | -1.65% |
Nasdaq | 2991.22 | -1.83% |
S&P | 1358.59 | -1.71% |
The Metals:
Gold rose to as high as $1653.82 in Asia before it fall all the way back to $1631.92 by about 11AM EST, but it then shot back higher midday and ended near its early afternoon high of $1662.90 with a gain of 1.08%.Silver climbed to $31.83 before it dropped back to $31.161, but it also rallied back higher in late trade and ended with a gain of 0.73%.
Euro gold rose to about €1268, platinum lost $16.50 to $1594, and copper dropped 7 cents to about $3.65.
Gold and silver equities traded lower for most of the morning, but they then climbed back higher in afternoon trade and ended with about 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Feb | 0.9% | 0.5% | 0.6% |
Job Openings in U.S. Rose in February, Hiring Accelerated Bloomberg
Bernanke Calls on Regulators to Curb Shadow Banking Risks Bloomberg
Tomorrow at 8:30AM EST brings Import and Export Prices for March and at 2PM is the fed’s Beige Book for April and the Treasury Budget for March expected at -$193.0 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
The U.S. dollar index and treasuries rose while oil fell along with the Dow, Nasdaq, and S&P as a surge in Spanish and Italian bond yields fueled concern Europe’s debt crisis is worsening.
Among the big names making news in the market today were Facebook, Best Buy, Yahoo, DirecTV, Goldman Sachs, and GM.
GATA Posts:
Ted Butler: JPM's TV appearance hints of major change in silver market
Financial Survival Network interviews GATA Chairman Murphy
Allan Flynn: Two simple questions would explode the BIS' gold rigging
The Statistics:
As of close of business: 4/09/2012
Gold Warehouse Stocks: | 11,154,726.921 | +7,220.586 |
Silver Warehouse Stocks: | 139,610,888.100 | -448,503.01 |
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 | 1286.621 | 41,366,147 | US$67,970m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 115.09 | 3,700,319 | US$6,064m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 126.23 | 4,058,350 | US$6,985m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 472,500 | US$757m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.87 | 1,281,721 | US$2,124m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 180.77: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,665.38: No change from yesterday’s data.
Tanzanian Royalty’s (TRX) assay results, SEMAFO’s (SMF.TO) first quarter gold production, Allied Nevada’s (ANV) updated mine plan, Seabridge’s (SA) trading on the NYSE, Brigus Gold’s (BRD) drill results, Randgold’s (GOLD) settlement in Mali, SilverCrest’s (SVL.V) 2011 financial results, and Golden Minerals’ (AUMN) NI 43-101 report and increased production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Jaguar | JAG +14.11% $4.61 |
2.Nevsun | NSU +5.37% $3.53 |
3.Buenaventura | BVN+4.85% $41.93 |
LOSERS
1.Entree | EGI -5.22% $1.09 |
2.Revett | RVM-4.10% $3.74 |
3.Loncor | LON-3.28% $1.18 |
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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- http://www.goldseek.com
- http://www.silverseek.com
- http://www.goldreview.com
©Gold Seeker 2012
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