August 16: Gold and Silver Gain About 1%
Gold saw slight losses in Asia and waffled near unchanged in London, but it then climbed to as high as $1617.76 in New York and ended with a gain of 0.62%. Silver surged to as high as $28.275 and ended with a gain of 1.37%.
Euro gold remained at about €1306, platinum jumped $46.70 to $1437.50, and copper rose 3 cents to about $3.38.
Gold and silver equities rose about 3% by late morning and remained near that level for the rest of the day.
Gold’s performance reflects continued challenging economic climate World Gold Council
Tomorrow at 9:55AM EST brings Michigan Sentiment for August expected at 72.2 and at 10AM is the Leading Economic Indicators report for July expected at 0.2%.
Charts Courtesy of http://finance.yahoo.com/
Treasuries fell as the Dow, Nasdaq, and S&P climbed higher on this morning’s unexpected jump in Building Permits.
Among the big names making news in the market today were Ford, Wal-Mart, Facebook, Cisco, Verizon, Comcast, and Applied Materials.
As of close of business: 8/15/2012
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 184.54: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,733.39: +42.21 change from yesterday’s data.
Midway’s (MDW) project progress, ITH’s (THM) management appointments, Barrick’s (ABX) preliminary discussions with China National Gold Group Corporation, Bear Creek’s (BCM.V) update on its development and exploration programs in Peru, Mines Management’s (MGN) second quarter results, and First Majestic’s (AG) awards were among the big stories in the gold and silver mining industry making headlines today.
MDW +10.81% $1.23
2. Great Panther
GPL +8.13% $1.73
3. Pan American
PAAS +6.71% $16.38
JAG -2.75% $1.06
LON -0.95% $1.05
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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