-- Posted Friday, 5 October 2012 | | Disqus
Please note: Canadian markets will be closed on Monday for their Thanksgiving Day. US stock markets will be open, but the bond market will be closed in observance of Columbus Day.
| Close | Gain/Loss | On Week |
Gold | $1780.90 | -$9.90 | +0.43% |
Silver | $34.51 | -$0.46 | -0.03% |
XAU | 191.53 | -1.02% | +0.28% |
HUI | 513.93 | -0.93% | +0.02% |
GDM | 1479.65 | -1.00% | +0.00% |
JSE Gold | 2408.01 | +73.46 | +0.57% |
USD | 79.36 | +0.01 | -0.73% |
Euro | 130.25 | +0.05 | +1.36% |
Yen | 127.12 | -0.31 | -0.81% |
Oil | $89.88 | -$1.83 | -2.51% |
10-Year | 1.732% | +0.067 | +5.80% |
Bond | 147.50 | -1.3125 | -1.26% |
Dow | 13610.15 | +0.26% | +1.29% |
Nasdaq | 3136.19 | -0.42% | +0.64% |
S&P | 1460.93 | -0.03% | +1.41% |
The Metals:
Gold bumped up to $1795.84 in Asia before it spiked down to $1773.21 and then bounced back higher after this morning’s jobs report was released, but it then fell back off again in the last five hours of trade and ended with a loss of 0.55%. Silver rose to $35.10 in Asia before it slipped back to $34.158 in early New York trade and then also bounced back higher, but it then dropped to as low as $34.297 in late trade and ended with a loss of 1.32%.
Euro gold fell to about €1367, platinum lost $12.70 to $1701.50, and copper fell four cents to about $3.76.
Gold and silver equities saw slight gains about an hour into trade, but they then fell back off for most of the rest of the day and ended with about 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Sep | 114K | 120K | 142K |
Unemployment Rate | Sep | 7.8% | 8.1% | 8.1% |
Hourly Earnings | Sep | 0.3% | 0.2% | 0.0% |
Average Workweek | Sep | 34.5 | 34.4 | 34.4 |
Consumer Credit | Aug | $18.1B | $5.0B | -$2.5B |
The BLS net birth/death adjustment subtracted 9,000 payrolls from September’s data. Private Payrolls rose 104,000.
All of this week’s other economic reports:
Next week’s economic highlights include Wholesale Inventories, the Treasury Budget, and the Fed's Beige Book on Wednesday, Initial Jobless Claims, the Trade Balance, and Import and Export Prices on Thursday, and PPI and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil extended it’s recent on fall on continued worries about the health of the global economy.
The U.S. dollar index and treasuries fell after this morning’s better than expected jobs data sent the Dow, Nasdaq, and S&P higher, but the dollar then rallied back higher in afternoon trade and stocks erased most of their gains on speculation that today’s drop in the unemployment rate may shorten the fed’s QE3 program.
Among the big names making news in the market Friday were Lehman Brothers, Avon, Sprint, Blockbuster, and Zynga.
The Statistics:
Activity from: 10/04/2012
Gold Warehouse Stocks: | 11,012,746.429 | - |
Silver Warehouse Stocks: | 143,114,331.340 | +528,187.08 |
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 | 1333.440 | 42,871,438 | US$76,785m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 140.55 | 4,518,740 | US$8,076m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 154.28 | 4,960,116 | US$8,088m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$641m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.45 | 1,364,715 | US$2,214m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 9.045 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 204.60: +3.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,920.18: No change from yesterday’s data.
The Miners:
WINNERS
1. Sandstorm | SAND+3.51% $14.73 |
2. Eurasian | EMXX +1.74% $2.34 |
3. Midway | MDW +1.23% $1.64 |
LOSERS
1. Almaden | AAU-5.66% $2.50 |
2. Richmont | RIC -4.94% $4.23 |
3. Vista Gold | VGZ-4.67% $3.47 |
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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© Gold Seeker 2012
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-- Posted Friday, 5 October 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Near Unchanged on the Week
