June 14: Gold and Silver End Mixed Again
Gold jumped up to $1627.84 by a little before 8:30AM EST before it dropped back to $1610.33 in the next hour of trade, but it then rallied back higher into the close and ended with a gain of 0.34%. Silver slumped to as low as $28.21 before it also rebounded, but it still ended with a loss of 0.62%.
Euro gold remained at about €1288, platinum gained $30 to $1490.50, and copper gained 4 cents to about $3.36.
Gold and silver equities waffled near unchanged and ended with slight gains.
Current Account Balance
Tomorrow brings Empire Manufacturing, Net Long Term TIC Flows, Industrial Production, Capacity Utilization, and Michigan Sentiment.
Charts Courtesy of http://finance.yahoo.com/
Oil jumped higher after OPEC agreed to keep its oil production ceiling unchanged.
Treasuries remained lower after today’s $13 billion 30-year note auction sold at a high yield of 2.72% with a bid to cover of 2.4.
Among the big names making news in the market today were MF Global, Honda, Nokia, Manchester United, Facebook, and Microsoft.
As of close of business: 6/13/2012
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: 179.91: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,696.23: No change from yesterday’s data.
Lake Shore’s (LSG) completed credit facility, MAG Silver’s (MVG) updated PEA, and South American Silver’s (SAC.TO) update on Bolivia were among the big stories in the gold and silver mining industry making headlines today.
1. Gold Reserve
MDW +7.50% $1.29
ASM +7.13% $1.37
1. Lake Shore
THM -4.39% $3.05
RIC -3.27% $5.91
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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