August 7: Gold and Silver Gain With Stocks Again
Gold waffled near unchanged in Asia before it rallied to as high as $1618.00 in London, but it then fell back to as low as $1609.18 in afternoon New York trade and ended with a gain of just 0.02%. Silver slipped to $27.75 in Asia before it rallied up to $28.21 in London and then also fell back off a bit in New York, but it still ended with a gain of 0.68%.
Euro gold remained at about €1300, platinum gained $7 to $1406.50, and copper gained 5 cents to about $3.44.
Gold and silver equities rose over 1% by early afternoon and remained near that level for the rest of the day.
Tomorrow at 8:30AM EST brings second quarter Productivity expected at 1.5% and Unit Labor Costs expected at 0.4%.
Charts Courtesy of http://finance.yahoo.com/
Treasuries fell as the Dow, Nasdaq, and S&P rose on optimism about Europe. Today’s $32 billion three-year note auction sold at a high yield of 0.37% with a bid to cover of 3.51.
Among the big names making news in the market today were Chesapeake, MetLife, MGM, CVS, Knight Capital, and Standard Chartered.
As of close of business: 8/06/2012
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: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,742.43: -16.58 change from yesterday’s data.
Goldcorp’s (GG) dividend, Barrick’s (ABX) possible acquisitions, NovaGold’s (NG) permitting, Northern Dynasty’s (NAK) testimony, Timberline’s (TLR) third quarter results, Midway’s (MDW) second quarter results, Hecla’s (HL) terminated offer for U.S. Silver (USA.TO), U.S. Silver’s shareholder approval for the proposed combination transaction with RX Gold & Silver Inc., Coeur’s (CDE) second quarter results, updated guidance, and acquired shares of Huldra Silver (HDA.V), Hecla’s (HL) second quarter results, and Endeavour Silver’s (EXK) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
JAG +17.61% $1.16
ASM +8.33% $1.17
1. Gold Reserve
GRZ -2.51% $3.49
AZK -2.40% $4.48
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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