July 16: Gold and Silver End With Slight Gains
Gold dropped down to as low as $1578.51 by a little after 8AM EST, but it then rose to as high as $1594.61 in late morning New York trade and ended with a gain of 0.09%. Silver surged to as high as $27.42 and ended with a gain of 0.22%.
Euro gold fell to about €1295, platinum lost $12.10 to $1412.80, and copper remained at about $3.50.
Gold and silver equities saw slight gains at the open before they fell to see about 1% losses in the next 45 minutes of trade, but they then bounced back higher at times and ended with only minor losses.
Retail Sales ex-auto
Govt to supervise credit reporting for first time Associated Press
Tomorrow at 8:30AM EST brings CPI for June expected at 0.2%. Core CPI is expected at 0.1%. At 9AM is the Net Long-Term TIC Flows report for May, at 9:15 is Industrial Production for June expected at 0.3% and Capacity Utilization expected at 79.2%, and at 10AM is the NAHB Housing Market Index for July expected at 30. Bernanke also testifies before the Senate Committee on Banking, Housing, and Urban Affairs starting at 10AM.
Charts Courtesy of http://finance.yahoo.com/
Treasuries rose as the Dow, Nasdaq, and S&P fell on worries about the economy.
Among the big names making news in the market today were GSK and Human Genome, Citigroup, and JPMorgan.
As of close of business: 7/13/2012
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: 183.78: +1.88 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,696.71: -33.18 change from yesterday’s data.
Rubicon’s (RBY) drilling update, Ivanhoe’s (IVN) rights offering, Endeavour Silver’s (EXK) updated NI 43-101 reserve and resource estimates, Excellon’s (EXN.TO) update on illegal mine action, and Alexco’s (AXU) second quarter silver production were among the big stories in the gold and silver mining industry making headlines today.
THM +9.40% $2.91
2. Golden Minerals
AUMN +5.04% $4.38
3. MAG Silver
MVG +3.88% $9.37
1. Gold Reserve
IVN -3.21% $8.15
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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