-- Posted Thursday, 15 November 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1714.00 | -$11.00 |
Silver | $32.58 | -$0.05 |
XAU | 164.36 | -2.45% |
HUI | 437.05 | -2.43% |
GDM | 1269.01 | -2.60% |
JSE Gold | 2297.92 | -51.35 |
USD | 81.08 | -0.04 |
Euro | 127.73 | +0.40 |
Yen | 123.19 | -1.41 |
Oil | $85.45 | -$0.87 |
10-Year | 1.589% | UNCH |
T-Bond | 152.0625 | +0.03125 |
Dow | 13542.38 | -0.23% |
Nasdaq | 2836.93 | -0.35% |
S&P | 1353.32 | -0.16% |
The Metals:
Gold edged up to $1726.71 in Asia before it fell back to as low as $1705.57 in midmorning New York trade, but it then bounced back higher midday and ended with a loss of just 0.64%. Silver slipped to as low as $32.166 and ended with a loss of 0.15%.
Euro gold fell to about €1342, platinum lost $15.50 to $1569, and copper remained at about $3.46.
Gold and silver equities fell over 3% by early afternoon before they rebounded slightly, but they still ended with about 2.5% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 11/10 | 439K | 388K | 361K |
CPI | Oct | 0.1% | 0.1% | 0.6% |
Core CPI | Oct | 0.2% | 0.1% | 0.1% |
Empire Manufacturing | Nov | -5.2 | -8.5 | -6.2 |
Philadelphia Fed | Nov | -10.7 | 0.0 | 5.7 |
Bernanke Says Fed Will Do What It Can to Support Housing Bloomberg
Serious Mortgage Delinquencies Fall to Lowest Since 2008 Bloomberg
Mortgage Rates Fall to Record Lows With 30-Year at 3.34% Bloomberg
Tomorrow brings Net Long-Term TIC Flows, Industrial Production, and Capacity Utilization.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained lower after the Energy Information Administration reported that crude inventories rose 1.1 million barrels, gasoline inventories fell 400,000 barrels, and distillates fell 2.5 million barrels.
The U.S. dollar index fell as the euro rose on continued relief over Greece’s most recent bailout. The yen dropped markedly after Shinzo Abe “called on the Bank of Japan to implement “unlimited easing” in order to hit a 2% to 3% inflation target.” Shinzo Abe is the front runner to win the Japanese election next month.
Treasuries rose as the Dow, Nasdaq, and S&P fell on poor earnings and economic reports.
Among the big names making news in the market today were BofA, McDonald’s, P&G, BP, Berkshire Hathaway, Wal-Mart, and Texas Instruments.
GATA Posts:
Federal energy commission suspends Morgan unit's trading authority
New York Sun: The Ron Paul awakening
Hong Kong Gold and Silver Exchange seeks warehouse in China
Ron Paul departs with 'Our Constitution has failed'
The Statistics:
As of close of business: 11/14/2012
Gold Warehouse Stocks: | 11,201,197.338 | +36,220.272 |
Silver Warehouse Stocks: | 141,137,277.614 | -2,379,195.424 |
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 | 1336.301 | 42,963,415 | US$73,429m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 140.16 | 4,506,290 | US$7,727m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 157.41 | 5,061,032 | US$8,253m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$615m |
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 subtracted 2.411 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 212.01: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,030.35: No change from yesterday’s data.
The Miners:
Banro’s (BAA) exploration update, Great Basin’s (GBG) quarterly results, Nevsun’s (NSU) dividend and director resignation, ITH’s (THM) third quarter results, Vista Gold’s (VGZ) General Manager appointment, Gold Resource’s (GORO) third quarter results, and Excellon’s (EXN.TO) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Golden Star | GSS+4.91% $1.71 |
2. DRDGOLD | DRD+3.38% $7.65 |
3. NovaGold | NG +3.34% $4.33 |
LOSERS
1. Sandstorm | SAND-12.29%$10.99 |
2. Seabridge | SA -7.92% $14.54 |
3. Exeter | XRA -7.86% $1.29 |
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, 15 November 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Slightly
