-- Posted 1 July, 2011 | |
Please note: US Markets are closed on Monday for Independence Day.
Please also note: There will not be any Gold Seeker Reports until July 11th.
| Close | Gain/Loss | On Week |
Gold | $1482.80 | -$19.20 | -1.19% |
Silver | $33.70 | -$0.94 | -2.97% |
XAU | 199.45 | -0.84% | +3.94% |
HUI | 513.13 | -1.62% | +2.43% |
GDM | 1489.96 | -1.64% | +2.28% |
JSE Gold | 2308.71 | -73.46 | +0.43% |
USD | 74.28 | -0.10 | -1.81% |
Euro | 145.26 | +0.18 | +2.47% |
Yen | 123.75 | -0.44 | -0.40% |
Oil | $94.94 | -$0.48 | +4.15% |
10-Year | 3.197% | +0.039 | +11.35% |
Bond | 122.6875 | -0.34375 | -3.09% |
Dow | 12582.77 | +1.36% | +5.43% |
Nasdaq | 2816.03 | +1.53% | +6.15% |
S&P | 1339.67 | +1.44% | +5.61% |
The Metals:
Gold fell to as low as $1478.05 by midmorning in New York before it rallied back higher in the last few hours of trade, but it still ended with a loss of 1.28%. Silver slumped to as low as $33.441 before it also bounced back higher, but it still ended with a loss of 2.71%.
Euro gold fell to about €1022, platinum lost $8 to $1710, and copper climbed a couple of cents to about $4.29.
Gold and silver equities fell about 2% in the first half hour of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Michigan Sentiment | June | 71.5 | 71.8 | 71.8 |
ISM Index | June | 55.3 | 51.1 | 53.5 |
Construction Spending | May | -0.6% | 0.0% | -0.6% |
All of this week’s other economic reports:
Next week’s economic highlights include Factory Orders on Tuesday, ISM Services on Wednesday, ADP Employment and Initial Jobless Claims on Thursday, and June’s jobs data, Wholesale Inventories, and Consumer Credit on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on weak economic data out of China and the US that reduced demand expectations.
The U.S. dollar index waffled near unchanged while treasuries fell on more optimism about Greece that sent the Dow, Nasdaq, and S&P over 1% higher again.
Among the big names making news in the market Friday were GM, WaMu, Providence, Ebix, Apple, and RIM.
GATA Posts:
Eric Sprott and Andrew Morris: Let the silver sellers beware
Thom Calandra: Trawling for gold juniors in the race to $1 billion
Central bank gold sales now seen as evidence of weakness, trader tells WSJ
St. Louis Fed study says QE devalued dollar by 6.5 to 11 percent
The Statistics:
Activity from: 6/30/2011
Gold Warehouse Stocks: | 11,488,837 | +96,418 |
Silver Warehouse Stocks: | 98,713,965 | -736,472 |
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 | 1208.233 | 38,845,889 | US$57,586m |
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$5,515m |
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$6,034m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 474,018 | US$679m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 48.10 | 1,546,608 | US$2,343m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,953 | US$7m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 144.28: -0.18 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,536.65: -43.96 change from yesterday’s data.
The Miners:
WINNERS
1. Solitario | XPL +3.16% $2.94 |
2. Kimber | KBX +3.03% $1.70 |
3. Gold Reserve | GRZ +2.77% $2.60 |
LOSERS
1. Mines MGMT | MGN -6.64% $1.97 |
2. Midway | MDW -5.61% $1.85 |
3. Aurizon | AZK -5.19% $5.30 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
All of today's gold and silver stock news:
Santa Fe Metals Grants Stock Options - More
- July 01, 2011 | Item | ShareThis
Cameco shops for uranium, eyes Africa - More
- July 01, 2011 | Item | ShareThis
Randgold Resources - Total Voting Rights - "Randgold Resources Limited announces that, inaccordance with FSA's Disclosure Rules and Transparency Rules, itsissued share capital consists of 91,163,270 (ninety one million onehundred and sixty three thousand two hundred and seventy) ordinaryshares of US$0.05 each." More
- July 01, 2011 | Item | ShareThis
SERABI MINING plc ("Serabi" or "the Company") Appointment of Broker - More
- July 01, 2011 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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© Gold Seeker 2011
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-- Posted 1 July, 2011 | |
