Septemer 12: Gold and Silver End Slightly Lower
Gold climbed $14.87 to $1746.97 in Asia before it fell back to $1725.19 in late morning New York trade and then bounced back higher midday, but it still ended with a loss of 0.01%. Silver rose to $34.065 in Asia before it slipped back to as low as $32.482 and then also rebounded, but it still ended with a loss of 0.6%.
Euro gold fell to about €1344, platinum jumped $47 to $1647.00, and copper remained at about $3.70.
Gold and silver equities fell about 2% by midmorning, but they then rallied back higher for most of the rest of trade and ended with slight gains.
Import Prices ex-oil
Export Prices ex-ag.
Tomorrow at 8:30AM EST brings Initial Jobless Claims for 9/08 expected at 369,000 and PPI for August expected at 1.2%. Core PPI is expected at 0.2%. At 12:30 is a FOMC Rate decision, and at 2PM is the Treasury Budget for August expected at -$192.0 billion.
Charts Courtesy of http://finance.yahoo.com/
Oil fell after the Energy Information Administration reported that crude inventories rose 2.0 million barrels, gasoline inventories fell 1.2 million barrels, and distillates rose 1.5 million barrels.
The U.S. dollar index fell as the euro rose after Germany’s Federal Constitutional Court cleared the way for Berlin to ratify the euro zone’s permanent rescue fund, the European Stability Mechanism.
Treasuries fell as the Dow, Nasdaq, and S&P traded mostly higher on relief over Europe.
Among the big names making news in the market today were Chesapeake and Facebook.
As of close of business: 9/10/2012
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: 191.83: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,803.55: No change from yesterday’s data.
XPL +5.00% $1.45
MDW +3.79% $1.37
3. Golden Minerals
XRA -5.98% $1.73
BAA -4.46% $4.50
3. Northern Dynasty
NAK -3.79% $3.55
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2012
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.