August 3: Gold and Silver End Mixed on the Week
Gold climbed $11.03 to $1599.73 by a little after 8AM EST before it dropped back to $1586.90 immediately after the jobs report was released, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.89%. Silver slumped down to $27.066 in early New York trade, but it then surged to as high as $27.883 and ended with a gain of 2.4%.
Euro gold fell to about €1295, platinum gained $16.50 to $1400.50, and copper rose 7 cents to about $3.37.
Gold and silver equities rose about 2% at the open and remained near that level for the rest of the day.
The BLS net birth/death adjustment added 52,000 payrolls to July’s data. Private Payrolls rose 172,000.
All of this week’s other economic reports:
Factory Orders - June
Initial Claims - 7/28
Challenger Job Cuts - July
Construction Spending - June
ISM Index - July
ADP Employment - July
Consumer Confidence - July
Chicago PMI - July
Case-Shiller 20-city Index - May
Personal Income - June
Personal Spending - June
Core PCE Prices - June
Employment Cost Index - Q2
Next week’s economic highlights include Consumer Credit on Tuesday, Productivity and Unit Labor Costs on Wednesday, Initial Jobless Claims, the Trade Balance, and Wholesale Inventories on Thursday, and Import and Export Prices and the Treasury Budget on Friday.
Charts Courtesy of http://finance.yahoo.com/
Among the big names making news in the market Friday were RBS, P&G, Boeing, LinkedIn, Viacom, Knight, and Bristol-Myers.
Activity from: 8/02/2012
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: 182.86: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,759.01: +50.24 change from yesterday’s data.
ITH’s (THM) private placement and Richmont’s (RIC) second quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
XPL +8.47% $1.28
NG -6.36% $3.68
RIC -1.41% $3.50
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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