August 30: Gold and Silver Fall With Stocks
Gold climbed up to $1663.83 at about 9AM EST before it fell back to $1651.91 by late morning in New York, but it then bounced back higher into the close and ended with a loss of just 0.05%. Silver climbed to as high as $30.90 before it fell back to $30.215 and then also bounced back higher, but it still ended with a loss of 1.04%.
Euro gold climbed to over €1323, platinum lost $7.75 to $1503.75, and copper remained at about $3.44.
Gold and silver equities traded mostly slightly lower and ended with almost 1% losses.
PCE Prices - Core
Tomorrow brings Chicago PMI, Michigan Sentiment, Factory Orders, and Bernanke’s speech at Jackson Hole.
Charts Courtesy of http://finance.yahoo.com/
“German unemployment increased for a fifth month, retail sales in Japan fell more than estimated and South Korean manufacturers’ confidence stayed near the lowest level since 2009. U.S. reports showed consumer spending rose less than forecast and inflation slowed as investors awaited Fed Chairman Ben S. Bernanke’s speech tomorrow in Wyoming.”
Among the big names making news in the market today were Amazon, Barclays, Gap, Macy’s, Carlyle, Validus and Flagstone, Hewlett-Packard, and Samsung.
As of close of business: 8/29/2012
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: 188.87: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,763.53: No change from yesterday’s data.
Almaden’s (AAU) drill results and Excellon’s (EXN.TO) regained access to its La Platosa Mine were among the big stories in the gold and silver mining industry making headlines today.
NSU +0.52% $3.83
3. Franco Nevada
FNV +0.26% $49.43
1. Golden Minerals
AUMN -7.34% $4.80
BAA -7.05% $4.09
3. Great Panther
GPL -6.35% $1.77
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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