Gold climbed $7.07 to $1623.37 in Asia, but it then fell to as low as $1606.29 in New York and ended with a loss of 0.45%.Silver surged to as high as $29.21 by a little after 9AM EST before it also fell back off in New York, but it still ended with a gain of 0.77%.
Euro gold fell to about €1260, platinum gained $26.20 to $1423.50, and copper fell a couple of cents to about $3.41.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
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
1254.570
40,335,691
US$65,111m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
115.35
3,708,632
US$5,966m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
126.23
4,058,350
US$6,528m
Australian Stock Exchange (ASX)
Gold Bullion Securities
14.21
472,992
US$734m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
40.99
1,317,882
US$2,107m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.00: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,516.75: No change from yesterday’s data.
Midway’s (MDW) Development Stage qualification, ITH’s (THM) new Alaska General Manager, Goldcorp’s (GG) dividend and production and cash cost guidance, AuRico’s (AUQ) exploration update, Eldorado’s (EG) operating results and guidance, Pretivm’s (PVG.TO) listing on the NYSE, Minefinders’ (MFN) production and sales results for the quarter, and SilverCrest’s (SVL.V) retired loan facility were among big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Loncor
LON+11.88% $1.79
2.Comstock
LODE+6.74% $1.90
3.Lake Shore
LSG +6.25% $1.53
LOSERS
1.Solitario
XPL -5.70% $1.49
2.Mines MGMT
MGN -3.94% $1.95
3.Gold Reserve
GRZ -3.51% $2.75
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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.
Chris Mullen has been the Chief Content Manager of GoldSeek.com, SilverSeek.com, UraniumSeek.com, GoldReview.com, CapitalUpdates.com, and Gold-Seeker.com since 2004. Sign up for free email lists from these sites at http://email.goldseek.com/
0.26%
-0.1%
-0.05%
0.83%
Gold Seeker Closing Report: Gold and Silver End Mixed
Close
Gain/Loss
Gold
$1609.10
-$7.20
Silver
$28.91
+$0.22
XAU
188.03
+0.46%
HUI
519.78
+0.41%
GDM
1488.26
+0.48%
JSE Gold
2942.64
-23.61
USD
80.95
-0.29
Euro
127.73
+0.60
Yen
130.17
+0.24
Oil
$101.31
-$0.25
10-Year
1.960%
-0.001
T-Bond
142.90625
-0.125
Dow
12392.69
+0.27%
Nasdaq
2676.56
+0.09%
S&P
1280.70
+0.23%
The Metals:
Gold climbed $7.07 to $1623.37 in Asia, but it then fell to as low as $1606.29 in New York and ended with a loss of 0.45%.Silver surged to as high as $29.21 by a little after 9AM EST before it also fell back off in New York, but it still ended with a gain of 0.77%.
Euro gold fell to about €1260, platinum gained $26.20 to $1423.50, and copper fell a couple of cents to about $3.41.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
Gold Could Hit $1,940 an ounce in ’12: Goldman Bloomberg
Gold Seen Extending Best Rally Since 1920 on Europe Crisis, Reliance Says Bloomberg
South Africa’s Gross Reserves Decline as Gold Price Drops, Dollar Advances Bloomberg
The Economy:
Report
For
Reading
Expected
Previous
Consumer Credit
Nov
$20.4B
$7.0B
$60.B
Tomorrow at 10AM brings Wholesale Inventories for November expected at 0.6%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on easing worries over Iran and the possible closing of the Strait of Hormuz.
The U.S. dollar index fell as the Dow, Nasdaq, and S&P rose on relative calm in Europe and hopes for strong earnings reports.
Treasuries waffled near unchanged in quiet trade.
Among the big names making news in the market today were Google, Alcoa, Ford, GM, Chrysler, and Idenix.
GATA Posts:
Hinde Capital report on Europe: Should I stay or should I go?
Swiss central bank chairman quits over wife's currency trade
The buzz builds: Reuters columnist rationalizes 'financial repression'
Gene Arensberg: Silver, you ain't seen nothin' yet
Alasdair Macleod: Financial repression
The Statistics:
Activity from: 1/06/2012
Gold Warehouse Stocks:
11,460,882
-32,090
Silver Warehouse Stocks:
121,887,697
-414,993
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
Product name
Total Tonnes
Total Ounces
Total Value
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
1254.570
40,335,691
US$65,111m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
115.35
3,708,632
US$5,966m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
126.23
4,058,350
US$6,528m
Australian Stock Exchange (ASX)
Gold Bullion Securities
14.21
472,992
US$734m
Johannesburg Securities Exchange (JSE)
New Gold Debentures
40.99
1,317,882
US$2,107m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.00: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,516.75: No change from yesterday’s data.
The Miners:
Midway’s (MDW) Development Stage qualification, ITH’s (THM) new Alaska General Manager, Goldcorp’s (GG) dividend and production and cash cost guidance, AuRico’s (AUQ) exploration update, Eldorado’s (EG) operating results and guidance, Pretivm’s (PVG.TO) listing on the NYSE, Minefinders’ (MFN) production and sales results for the quarter, and SilverCrest’s (SVL.V) retired loan facility were among big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Loncor
LON+11.88% $1.79
2.Comstock
LODE+6.74% $1.90
3.Lake Shore
LSG +6.25% $1.53
LOSERS
1.Solitario
XPL -5.70% $1.49
2.Mines MGMT
MGN -3.94% $1.95
3.Gold Reserve
GRZ -3.51% $2.75
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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©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.
About Chris Mullen