-- Posted Thursday, 5 January 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1622.10 | +$10.40 |
Silver | $29.28 | +$0.13 |
XAU | 189.02 | -0.17% |
HUI | 522.64 | +0.23% |
GDM | 1494.54 | +0.25% |
JSE Gold | 2903.53 | -68.55 |
USD | 80.91 | +0.83 |
Euro | 127.86 | -0.59 |
Yen | 129.54 | -0.71 |
Oil | $101.81 | -$1.41 |
10-Year | 1.993% | -0.002 |
T-Bond | 142.28125 | -0.125 |
Dow | 12415.70 | -0.02% |
Nasdaq | 2669.86 | +0.81% |
S&P | 1281.06 | +0.29% |
The Metals:
Gold climbed up to $1625.51 in Asia before it fell back to $1596.75 by about 9:30AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.65%. Silver rose to $29.638 in Asia before it fell back to $28.724 in early New York trade, but it also rallied back higher into the close and ended with a gain of 0.45%.
Euro gold rose to about €1270, platinum lost $2.80 to $1412.20, and copper fell slightly to about $3.42.
Gold and silver equities fell almost 2% at the open, but they then rallied back higher for most of the rest of trade and ended near unchanged.
HSBC lowers 2012 gold forecast 9% to $1,850/oz MarketWatch
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Dec | 325K | 180K | 204K |
Initial Claims | 12/31 | 372K | 375K | 387K |
ISM Services | Dec | 52.6 | 53.0 | 52.0 |
Rate on 30-year mortgage down to record 3.91 pct. Yahoo
December sales rise, but discounts hurt profits Reuters
U.S. Apartment Vacancies Decline to a Decade Low of 5.2%, Rents Increase Bloomberg
Tomorrow at 8:30AM EST brings December’s jobs data. Nonfarm Payrolls are expected at 150,000, the Unemployment Rate is expected at 8.7%, Hourly Earnings are expected at 0.2%, and the Average Workweek is expected at 34.3.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell after inventories surprisingly rose. The Energy Information Administration reported that crude inventories rose 2.2 million barrels, gasoline inventories rose 2.5 million barrels, and distillates rose 3.2 million barrels.
The U.S. dollar index rose as the euro fell “on concerns about euro zone sovereign funding and signs of weakness in the region's banks.”
Treasuries waffled near unchanged along with the Dow, Nasdaq, and S&P as traders awaited tomorrow’s jobs data.
Among the big names making news in the market today were Kodak, J.C. Penney, and Boeing.
GATA Posts:
Gartman admits a bad call on gold, but that's not GATA's grievance
GoldSeek Radio interviews GATA Chairman Bill Murphy
Gold Newsletter's Lundin credits GATA in Resource Clips interview
Swiss central banker dumped francs on eve of devaluation
The Statistics:
Activity from: 1/04/2012
Gold Warehouse Stocks: | 11,493,745 | +31,471 |
Silver Warehouse Stocks: | 121,125,515 | +2,019,191 |
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$64,468m |
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$6,004m |
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$6,571m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,013 | US$741m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.99 | 1,317,897 | US$2,126m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.00: -0.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,546.99: -58.80 change from yesterday’s data.
The Miners:
Eldorado’s (EGO) plant startup, Newmont’s (NEM) community investment programs, Golden Star’s (GSS) preliminary fourth quarter production results, Seabridge’s (SA) Vice President of Corporate Affairs appointment, SilverCrest’s (SVL.V) initial resource estimation, and Silver Standard’s (SSRI) Chief Financial Officer appointment were among big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Loncor | LON +4.73% $1.55 |
2. Gold Resource | GORO+4.08% $24.48 |
3. Exeter | XRA +3.77% $3.03 |
LOSERS
1. Solitario | XPL -8.00% $1.38 |
2. Timmins | TGD -4.39% $1.96 |
3. Golden Star | GSS -2.78% $1.75 |
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
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-- Posted Thursday, 5 January 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1%
