-- Posted Thursday, 8 November 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1732.80 | +$14.50 |
Silver | $32.39 | +$0.56 |
XAU | 183.63 | +0.68% |
HUI | 489.03 | +0.71% |
GDM | 1418.39 | +0.81% |
JSE Gold | 2440.79 | -43.17 |
USD | 80.79 | +0.01 |
Euro | 127.51 | -0.28 |
Yen | 125.95 | +0.86 |
Oil | $85.09 | +$0.65 |
10-Year | 1.632% | UNCH |
T-Bond | 151.1875 | +0.875 |
Dow | 12811.32 | -0.94% |
Nasdaq | 2895.58 | -1.42% |
S&P | 1377.51 | -1.22% |
The Metals:
Gold edged up to $1721.04 in Asia before it fell back to $1712.59 at about 9:30AM EST, but it then rallied back higher for most of the rest of trade and ended near its late session high of $1734.85 with a gain of 0.84%. Silver slipped to $31.62 in London, but it then rose to as high as $32.412 in New York and ended with a gain of 1.76%.
Euro gold rose to about €1360, platinum gained $6.55 to $1540.75, and copper climbed a couple of cents to about $3.47.
Gold and silver equities fell almost 2% in the first hour of trade, but they then climbed back higher in late morning trade and ended with almost 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 11/03 | 355K | 370K | 363K |
Trade Balance | Sep | -$41.5B | -$45.4B | -$43.8B |
Tomorrow at 8:30AM EST brings Import and Export Prices for October. At 9:55 is Michigan Sentiment for November expected at 83.0, and at 10AM is the Wholesale Inventories report for September expected at 0.4%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rebounded from yesterday’s large selloff.
The U.S. dollar index rose as the euro fell after the ECB left interest rates unchanged.
Treasuries jumped higher after today’s $16 billion 30-year bond auction sold at a high yield of 2.82% with a bid to cover of 2.77.
The Dow, Nasdaq, and S&P continued to fall on worries about Europe and the fiscal cliff.
Among the big names making news in the market today were JPMorgan, Monster, Peugeot, and McDonald’s.
The Statistics:
As of close of business: 11/07/2012
Gold Warehouse Stocks: | 11,269,180.318 | +1,478.90 |
Silver Warehouse Stocks: | 142,625,920.446 | -309,750.30 |
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 | 1337.205 | 42,992,479 | US$73,711m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 140.59 | 4,520,092 | US$7,760m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 156.32 | 5,025,700 | US$8,195m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$616m |
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 2.712 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: No change from yesterday’s data.
The Miners:
Solitario’s (XPL) drill results, New Gold’s (NGD) senior notes offering, Richmont’s (RIC) third quarter results, Aurizon’s (AZK) third quarter results, Timmins Gold’s third quarter results, Nevsun’s (NSU) third quarter results, AngloGold’s (AU) third quarter results, Revett’s (RVM) third quarter results and updates, and Fortuna’s (FSM) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Exeter | XRA +23.19% $1.70 |
2. Northern Dynasty | NAK +11.44% $4.19 |
3. ITH | THM +10.75% $2.37 |
LOSERS
1. Aurizon | AZK -11.64% $4.10 |
2. Pan American | PAAS-4.99% $20.36 |
3. McEwen | MUX -4.28% $4.47 |
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 Thursday, 8 November 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1% and 2%
