-- Posted Wednesday, 7 November 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1718.30 | +$2.10 |
Silver | $31.83 | -$0.18 |
XAU | 182.39 | +0.86% |
HUI | 485.56 | +1.83% |
GDM | 1406.97 | +1.29% |
JSE Gold | 2483.96 | +106.91 |
USD | 80.78 | +0.18 |
Euro | 127.68 | -0.46 |
Yen | 125.05 | +0.62 |
Oil | $84.44 | -$4.27 |
10-Year | 1.632% | -0.110 |
T-Bond | 150.3125 | +2.03125 |
Dow | 12932.73 | -2.36% |
Nasdaq | 2937.29 | -2.48% |
S&P | 1394.53 | -2.37% |
The Metals:
Gold climbed $15.40 to $1731.60 at about 5:30AM EST before it fell back to as low as $1703.11 in late morning New York trade, but it then rallied back higher in afternoon trade and ended with a gain of 0.12%. Silver slid to as low as $31.209 before it also rallied back higher in late trade, but it still ended with a loss of 0.56%.
Euro gold rose to about €1346, platinum lost $19.30 to $1534.20, and copper fell 6 cents to about $3.45.
Gold and silver equities traded mixed for most of the morning, but they then turned higher in afternoon trade and ended with about 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Consumer Credit | Sep | $11.4B | $10.B | $18.4B |
Mortgage applications down as Sandy hit Northeast: MBA Reuters
Treasury Quietly Warns: 'Expect Debt Limit to Be Reached Near End of 2012' CNSNews
Tomorrow at 8:30AM EST brings Initial Jobless Claims for 11/03 expected at 370,000 and the Trade Balance for September expected at -$45.4 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil extended lower after the Energy Information Administration reported that crude inventories rose 1.8 million barrels, gasoline inventories rose 2.9 million barrels, and distillates rose 100,000 barrels.
The U.S. dollar index and treasuries rose while the Dow, Nasdaq, and S&P fell over 2% as focus returned to the Europe’s debt crisis and the looming fiscal cliff in the US.
U.S. Stocks Tumble as Treasuries Rally on Budget Concerns Bloomberg
Greece readies for crucial austerity vote Yahoo
Among the big names making news in the market today were Kraft, Morgan Stanley, Time Warner, Gulf Oil, AT&T, Plexus, Macy’s, News Corp., and Pfizer.
GATA Posts:
Max Keiser and Stacy Herbert profiled by The Independent
GATA's clamor reaches an ever-wider circle of the gold universe
The Statistics:
As of close of business: 11/06/2012
Gold Warehouse Stocks: | 11,267,701.418 | +11,574.00 |
Silver Warehouse Stocks: | 142,935,670.746 | +920,320.15 |
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 | 1334.493 | 42,905,271 | US$73,561m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 140.59 | 4,520,143 | US$7,719m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 156.40 | 5,028,277 | US$8,199m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$614m |
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 2.11 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 209.50: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,982.16: +12.04 change from yesterday’s data.
The Miners:
McEwen’s (MUX) third quarter update, Randgold’s (GOLD) third quarter results, and SilverCrest’s (SVL.V) paid out gold hedge facility were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Coeur | CDE+8.17% $26.07 |
2. Harmony | HMY +8.06% $8.71 |
3. Franco-Nevada | FNV +4.69% $59.12 |
LOSERS
1. Northern Dynasty | NAK -7.84% $3.76 |
2. ITH | THM -6.14% $2.14 |
3. Randgold | GOLD -5.82% $114.39 |
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 Wednesday, 7 November 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed and Near Unchanged
