• Gold: 1,499.02 0.17
  • Silver: 17.86 -0.03
  • Euro: 1.100 -0.000
  • USDX: 98.61 0.479
  • Oil: 61.7 6.88

June 19: Gold and Silver End Slightly Lower

Chris Mullen
|
Tuesday, June 19th
 

Close

Gain/Loss

Gold

$1619.60

-$7.80

Silver

$28.43

-$0.31

XAU

167.71

+0.37%

HUI

455.94

+0.03%

GDM

1319.02

+0.05%

JSE Gold

2571.99

+24.58

USD

81.38

-0.47

Euro

126.86

+1.09

Yen

126.70

+029

Oil

$84.03

+$0.76

10-Year

1.620%

+0.036

T-Bond

149.5625

-0.65625

Dow

12837.33

+0.75%

Nasdaq

2929.76

+1.19%

S&P

1357.98

+0.98%

 
 

The Metals:

 

Gold rose $5.90 to $1633.30 in Asia before it fell back to $1617.40 in early afternoon New York trade, but it then bounced back higher into the close and ended with a loss of just 0.48%. Silver climbed to $28.938 before it slipped back to $28.33, but it then also rallied back higher late trade and ended with a loss of just 1.08%.

 

Euro gold fell to about €1277, platinum gained $24 to $1474.50, and copper rose 4 cents to about $3.43.

 

Gold and silver equities waffled near unchanged and ended with slight gains.

 

CME to allow physical settlement for weekly gold options Reuters

The Economy:

 

Report

For

Reading

Expected

Previous

Housing Starts

May

708K

719K

744K

Building Permits

May

780K

725K

723K

 

Net worth implosion: It's not just housing Yahoo

Tomorrow at 12:30PM EST brings a FOMC rate decision.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose as the U.S. dollar index fell ahead of tomorrow’s fed announcement.

 

Treasuries fell as the Dow, Nasdaq, and S&P rose on relief over Europe.

 

“The cost of insuring Spanish sovereign debt fell from an all-time high as the nation sold 3.04 billion euros ($3.8 billion) of bills, compared with a target of 3 billion euros.”

 

Among the big names making news in the market today were FedEx, Walgreen, Microsoft, JPMorgan, UPS, and CBS.

 

GATA Posts:

 

 

Who needs bankers on regional Fed boards, except their banks?

Banks urge Turks to exchange their gold for pretty certificates

 

The Statistics:

As of close of business: 6/18/2012

Gold Warehouse Stocks:

11,070,736.401

+10,522.57

Silver Warehouse Stocks:

144,739,288.715

-46,153.841

 

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

1281.619

41,205,335

US$66,552m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

121.81

3,916,364

US$6,359m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

142.96

4,596,261

US$7,495m

Australian Stock Exchange (ASX)

Gold Bullion Securities

14.21

472,126

US$742m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

39.23

1,261,267

US$2,022m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.226 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 181.70: +0.91 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,804.85: +60.34 change from yesterday’s data.

 

The Miners:

 

ITH’s (THM) project update and Endeavour Silver’s (EXK) optioned property were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. McEwen

MUX+5.48% $3.27

2. Ivanhoe

IVN+4.90% $10.50

3. Revett

RVM+3.61% $3.73

LOSERS

1. Timmins

TGD -3.89% $1.73

2. Gold Reserve

GRZ -3.56% $4.34

3. Pretivm

PVG-3.44% $15.18

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

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