October 2: Gold and Silver Fall Slightly
Gold climbed up to $1784.19 by a little after 8AM EST before it fell back to $1771.22 by a little after 10AM EST and then bounced back higher midday, but it then fell back off again in early afternoon trade and ended with a loss of 0.1%. Silver rose to $35.04 before it fell back to $34.385 and then also bounced back higher, but it still ended with a loss of 0.37%.
Euro gold fell to about €1374, platinum lost $1 to $1675.50, and copper rose slightly to about $3.80.
Gold and silver equities fell a little over 1% by early afternoon before they bounced back higher in the last hour of trade, but they still ended with modest losses on the day.
There were no major economic reports today. Tomorrow brings ADP Employment, ISM Services, and FOMC Minutes.
Charts Courtesy of http://finance.yahoo.com/
Oil fell on worries about world economic growth.
The U.S. dollar index fell in morning trade as the euro rose on progressing talks about a bailout for Spain, but those moves then pared a bit in afternoon trade after Spanish Prime Minister Mariano Rajoy said a request for rescue funds is not imminent.
Treasuries found slight gains as the Dow, Nasdaq, and S&P erased early gains and ended mixed on frustration over slower than hoped for progress in Europe.
Among the big names making news in the market today were JPMorgan, Samsung, GM, and Chrysler.
As of close of business: 10/01/2012
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: Change in Total Tonnes from yesterday’s data: SPDR added 1.809 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 201.07: +1.25 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,939.16: +13.56 change from yesterday’s data.
Kimber’s (KBX) year end results, Gold Fields’ (GFI) formal agreement with the National Union of Mineworkers, Eurasian’s (EMXX) drill results, Claude’s (CGR) preliminary production results, and Vista Gold’s (VGZ) warrant advisement were among the big stories in the gold and silver mining industry making headlines today.
RIC -7.38% $4.27
2. Tanzanian Royalty
TRX -4.05% $4.98
AAU -3.73% $2.58
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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