-- Posted Friday, 13 July 2012 | | Disqus
| Close | Gain/Loss | On Week |
Gold | $1588.00 | +$16.30 | +0.27% |
Silver | $27.25 | +$0.08 | +0.52% |
XAU | 150.22 | +1.58% | -4.57% |
HUI | 404.44 | +1.47% | -4.51% |
GDM | 1170.49 | +1.45% | -4.73% |
JSE Gold | 2273.37 | +34.93 | -1.78% |
USD | 83.33 | -0.27 | +0.06% |
Euro | 122.41 | +0.42 | -0.38% |
Yen | 126.24 | +0.10 | +0.52% |
Oil | $87.10 | +$1.02 | +3.14% |
10-Year | 1.499% | +0.022 | -2.91% |
Bond | 151.1875 | -0.4375 | +1.47% |
Dow | 12777.09 | +1.62% | +0.04% |
Nasdaq | 2908.47 | +1.48% | -0.98% |
S&P | 1356.78 | +1.65% | -0.58% |
The Metals:
Gold rallied to as high as $1596.35 and ended with a gain of 1.04%. Silver rose to $27.509 in London before it slumped back to $27.14 in midmorning New York trade, but it then surged to a new session high of $27.56 and ended with a gain of 0.3%.
Euro gold rose to almost €1298, platinum gained $10.40 to $1424.90, and copper surged 9 cents to about $3.50.
Gold and silver equities rose about 1.5% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | June | 0.1% | -0.6% | -1.0% |
Core PPI | June | 0.2% | 0.2% | 0.2% |
Michigan Sentiment | July | 72.0 | 73.5 | 73.2 |
China second-quarter growth cools to 7.6% MarketWatch
Hong Kong, New York Most Expensive for Retailers as Rents Jump Bloomberg
Americans Living Larger As New-Home Sizes Defy Economy Bloomberg
Geithner Proposed Libor Changes in 2008 Memo to Bank of England Bloomberg
All of this week’s other economic reports:
Next week’s economic highlights include Retail Sales, Empire Manufacturing, and Business Inventories on Monday, CPI, Net Long-Term TIC Flows, Industrial Production, Capacity Utilization, and the NAHB Housing Market Index on Tuesday, Housing Starts, Building Permits, and the fed’s Beige Book on Wednesday, and Initial Jobless Claims, Existing Home Sales, the Philadelphia Fed, and Leading Economic Indicators on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the Dow, Nasdaq, and S&P as the U.S. dollar index and treasuries fell on speculation that China will boost stimulus measures.
Among the big names making news in the market Friday were Duke, P&G, US Airways, Wells Fargo, and JPMorgan.
GATA Posts:
Rob Kirby: LIBOR rigging is just the tip of the iceberg
MineWeb: Indian central bank wants people to exchange metal for paper
The Statistics:
Activity from: 7/12/2012
Gold Warehouse Stocks: | 10,810,337.624 | -291.84 |
Silver Warehouse Stocks: | 144,701,988.077 | +272,912.31 |
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 | 1269.727 | 40,823,005 | US$63,520m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 123.72 | 3,977,849 | US$6,293m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 146.34 | 4,704,892 | US$7,672m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.01 | 353,836 | US$560m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 39.46 | 1,268,817 | US$1,996m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.509 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 181.90: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,729.89: No change from yesterday’s data.
The Miners:
Banro’s update and Endeavour Silver’s (EXK) acquisition of AuRico’s (AUQ) mine and project were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Gold Reserve | GRZ +7.24% $3.85 |
2. Kinross | KGC+6.86% $8.41 |
3. Golden Star | GSS +6.60% $1.13 |
LOSERS
1. Eurasian | EMXX -3.24% $1.79 |
2. Endeavour Silver | EXK -2.58% $7.94 |
3. Solitario | XPL -2.24% $1.31 |
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, 13 July 2012 | Digg This Article | Source: GoldSeek.com