-- Posted Thursday, 10 May 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1594.00 | +$3.00 |
Silver | $29.06 | -$0.14 |
XAU | 153.41 | -0.03% |
HUI | 411.24 | +0.32% |
GDM | 1192.46 | +0.32% |
JSE Gold | 2333.24 | +77.00 |
USD | 80.15 | +0.09 |
Euro | 129.47 | +0.14 |
Yen | 125.05 | -0.55 |
Oil | $97.08 | +$0.27 |
10-Year | 1.884% | +0.049 |
T-Bond | 144.34375 | -0.125 |
Dow | 12855.04 | +0.16% |
Nasdaq | 2933.64 | -0.04% |
S&P | 1357.99 | +0.25% |
The Metals:
Gold fell another $5.30 to $1585.70 at about 6AM EST before it rebounded to $1601.42 at about 10AM EST and then pared it gains a bit, but it still ended with a gain of 0.19%. Silver slipped to $28.94 before it climbed back to $29.455, but it then fell back off into the close and ended with a loss of 0.48%.
Euro gold rose to about €1232, platinum lost $13 to $1480, and copper rose a couple of cents to about $3.69.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 5/05 | 367K | 365K | 368K |
Trade Balance | Mar | -$51.8B | -$50.2B | -$45.4B |
Import Prices | Apr | -0.5% | - | 1.5% |
Import Prices ex-oil | Apr | 0.1% | - | 0.5% |
Export Prices | Apr | 0.4% | - | 0.8% |
Export Prices ex-ag. | Apr | 0.2% | - | 0.5% |
Treasury Budget | Apr | $59.1B | $58.0B | -$40.4B |
Mortgage Rates in U.S. Fall to Record Lows With 30-Year at 3.83% Bloomberg
Tomorrow at 8:30AM EST brings PPI for April expected at 0.0%. Core PPI is expected at 0.2%. At 9:55 is Michigan Sentiment for May expected at 76.0.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on relief over decent economic data.
The U.S. dollar index ended slightly higher while treasuries fell as the Dow, Nasdaq, and S&P traded mostly higher for most of the day on some progress in Greece, but the major indices then fell in late trade and closed mixed and on worries about what tomorrow may bring.
Among the big names making news in the market today were Cisco, Sony, Goldman Sachs, Avon, and Priceline.
GATA Posts:
Indian central bank challenged in court to repatriate country's gold
CNBC lets Eric Sprott talk about gold market manipulation
China Investment Corp. stops buying European government debt
Ted Butler: Knowing the game
So much for Australia's constitution as well
Hathaway calls gold market bottom in Casey Research interview
Mike Kosares: Extraordinary popular delusions and the madness of machines
The Statistics:
As of close of business: 5/09/2012
Gold Warehouse Stocks: | 11,046,772.254 | +10,983,49 |
Silver Warehouse Stocks: | 140,471,581.739 | -699,318.327 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) | SPDR® Gold Shares | awaited | awaited | US$awaited |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | awaited | awaited | US$awaited |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | awaited | awaited | US$awaited |
Australian Stock Exchange (ASX) | Gold Bullion Securities | awaited | awaited | US$awaited |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 180.13: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,465.08: -120.75 change from yesterday’s data.
The Miners:
Lake Shore’s (LSG) first quarter results, Aurizon’s (AZK) first quarter results, AngloGold’s (AU) first quarter results, Revett’s (RVM) first quarter results, Excellon’s (EXN.TO) first quarter results, and First Majestic’s (AG) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Revett | RVM +9.75% $3.94 |
2. Golden Star | GSS+5.76% $1.47 |
3. AngloGold | AU +4.73% $34.07 |
LOSERS
1. Aurizon | AZK -5.45% $5.03 |
2. Golden Minerals | AUMN -4.44% $5.17 |
3. Mines MGMT | MGN -3.95% $1.46 |
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, 10 May 2012 | Digg This Article | Source: GoldSeek.com