September 20: Gold and Silver End Mixed

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:

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

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

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

LOSERS

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.silverseek.com
• http://www.goldreview.com

© Gold Seeker 2012

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