Close | Gain/Loss | |
Gold | $1776.90 | +$3.60 |
Silver | $34.72 | +$0.20 |
XAU | 192.10 | +0.58% |
HUI | 517.56 | +0.73% |
GDM | 1487.00 | +0.50% |
JSE Gold | 2416.03 | +21.73 |
USD | 79.81 | -0.13 |
Euro | 128.92 | +0.33 |
Yen | 128.23 | -0.12 |
Oil | $92.48 | +$0.29 |
10-Year | 1.625% | -0.012 |
T-Bond | 149.65625 | +0.28125 |
Dow | 13515.11 | +0.58% |
Nasdaq | 3113.53 | -0.09% |
S&P | 1444.49 | +0.27% |
The Metals:
Gold saw notable losses in Asia before it rose to see an over 1% gain at $1791.20 by about 9AM EST, but it then fell back off midday and ended with a gain of just 0.2%. Silver surged to as high as $35.367 before it also fell back off at times, but it still ended with a gain of 0.58%.
Euro gold fell to about €1379, platinum gained $20 to $1676.50, and copper rose a few cents to about $3.79.
Gold and silver equities rose over 1.5% at the open before they fell back off a bit in midmorning trade, but they still ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Index | Sep | 51.5 | 49.7 | 49.6 |
Construction Spending | Aug | -0.6% | 0.4% | -0.4% |
Fed to Ease Until Jobless Rate Falls Below 7%: Evans CNBC
Bernanke Says Fed to Keep Rates Low Even as Growth Rises Bloomberg
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on better than expected manufacturing data in the US and Europe.
The U.S. dollar index ended slightly lower as the euro rose on decent manufacturing numbers from debt-plagued Spain and Italy.
“Treasury prices wavered between positive and negative territory on Monday, keeping yields near their lowest in four weeks, as investors pondered the potential of all the central-bank stimulus to overcome the weakening global economic forecast.”
The Dow, Nasdaq, and S&P traded mostly higher on mildly encouraging economic data.
Among the big names making news in the market today were GM, Macy’s, Honda, 3M, Honeywell, Xstrata, Workday, and Intel.
GATA Posts:
Andrew Maguire: Investment banks don't have all that metal
Rush to turn European gold paper into real metal vaulted in Singapore
Alasdair Macleod: Helicopter Ben flies again
Qatar worried about value of dollar and euro
IMF keeps pretending it had to sell gold to help poor countries. ...
Judge throws out CFTC's position limits rule
The Statistics:
As of close of business: 9/28/2012
Gold Warehouse Stocks: | 11,013,239.534 | +3,967.79 |
Silver Warehouse Stocks: | 142,548,864.140 | +502,135.686 |
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 | 1320.777 | 42,464,312 | US$75,391m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 135.60 | 4,359,814 | US$7,796m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 154.96 | 4,981,996 | US$8,124m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$642m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.45 | 1,364,715 | US$2,214m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.82: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,925.60: -120.52 change from yesterday’s data.
Goldcorp’s (GG) dividend, AngloGold’s (AU) unprotected strike update, Comstock’s (LODE) commenced smelting, and Solitario’s (XPL) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sandstorm | SAND+4.20% $13.40 |
2. DRDGOLD | DRD +3.62% $6.58 |
3. McEwen | MUX +3.49% $4.75 |
LOSERS
1. Midway | MDW-3.66%$1.58 |
2. ITH | THM -3.51% $2.75 |
3. Aurizon | AZK -3.42% $5.08 |
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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