-- Posted Friday, 29 June 2012 | | Disqus
| Close | Gain/Loss | On Week |
Gold | $1598.70 | +$41.70 | +1.65% |
Silver | $27.48 | +$1.04 | +2.08% |
XAU | 157.54 | +3.34% | +0.80% |
HUI | 427.76 | +3.19% | +0.17% |
GDM | 1237.16 | +3.18% | +0.25% |
JSE Gold | 2342.04 | -14.61 | -3.11% |
USD | 81.69 | -1.01 | -0.67% |
Euro | 126.57 | +2.19 | +0.68% |
Yen | 125.04 | -0.82 | +0.55% |
Oil | $84.96 | +$7.27 | +6.52% |
10-Year | 1.659% | +0.082 | -0.78% |
Bond | 147.96875 | -1.875 | -0.08% |
Dow | 12880.09 | +2.20% | 1.89% |
Nasdaq | 2935.05 | +3.00% | 1.47% |
S&P | 1362.16 | +2.49% | +2.03% |
The Metals:
Gold climbed $50.09 to as high as $1607.09 in early afternoon New York trade and ended with a gain of 2.68%. Silver surged to as high as $27.918 in early New York trade before it pared its gains a bit, but it still ended with a gain of 3.93%.
Euro gold rose to about €1264, platinum gained $55.50 to $1443.50, and copper gained 15 cents to about $3.49.
Gold and silver equities jumped over 3% higher at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | May | 0.2% | 0.1% | 0.2% |
Personal Spending | May | 0.0% | 0.1% | 0.1% |
PCE Prices - Core | May | 0.1% | 0.2% | 0.1% |
Chicago PMI | June | 52.9 | 53.0 | 52.7 |
Michigan Sentiment | June | 73.2 | 74.1 | 74.1 |
All of this week’s other economic reports:
Next week’s economic highlights include the ISM Index and Construction Spending on Monday, Factory Orders on Tuesday, ADP Employment, Initial Jobless Claims, and ISM Services on Thursday, and June’s jobs data on Friday. US markets will close early on Tuesday and remain closed on Wednesday in observance of Independence Day. Canadian markets will be closed on Monday to observe Canada Day.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose while the U.S. dollar index and treasuries fell markedly after European leaders reached an agreement that alleviated concern banks will fail.
“The euro climbed and global shares jumped on Friday after euro zone leaders agreed measures to cut borrowing costs in Spain and Italy and eventually recapitalize the region's banks.
There was no movement towards common euro zone bonds, which leaders including Italy's Mario Monti and France's Francois Hollande have called for, but with expectations at rock bottom before the Brussels summit, the deal caught markets by surprise.”
The Dow, Nasdaq, and S&P rose on relief over Europe.
Among the big names making news in the market Friday were Anheuser-Busch InBev, Coty, RIM, News Corp., Ford, and Melrose and Elster.
GATA Posts:
RBS and Lloyds drawn into rate-rigging scandal
The Statistics:
Activity from: 6/28/2012
Gold Warehouse Stocks: | 10,831,691.785 | -161,952.062 |
Silver Warehouse Stocks: | 145,932,788.544 | +136,548.748 |
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$64,196m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 121.15 | 3,895,064 | US$6,210m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 145.16 | 4,666,881 | US$7,610m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 10.03 | 322,539 | US$514m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.23 | 1,261,267 | US$2,022m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 181.94: +0.27 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,875.75: No change from yesterday’s data.
The Miners:
New Gold’s (NGD) start of production, Seabridge’s (SA) Preliminary Feasibility Study, ITH’s (THM) interim CEO, Ivanhoe’s (IVN) new directors and company name, SilverCrest’s (SVL.V) AGM results, and Endeavour Silver’s (EXK) extended closing date were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Avino | ASM +12.6% $1.25 |
2. Exeter | XRA +9.87% $1.67 |
3. Comstock | LODE+9.78% $2.47 |
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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-- Posted Friday, 29 June 2012 | Digg This Article | Source: GoldSeek.com