-- Posted Tuesday, 27 November 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1741.30 | -$7.10 |
Silver | $34.00 | -$0.08 |
XAU | 170.20 | -2.17% |
HUI | 449.86 | -2.67% |
GDM | 1310.51 | -2.45% |
JSE Gold | 2314.14 | -33.02 |
USD | 80.41 | +0.22 |
Euro | 129.34 | -0.57 |
Yen | 121.74 | -0.13 |
Oil | $87.18 | -$0.56 |
10-Year | 1.645% | -0.019 |
T-Bond | 150.875 | +0.28125 |
Dow | 12878.13 | -0.69% |
Nasdaq | 2967.79 | -0.30% |
S&P | 1398.94 | -0.52% |
The Metals:
Gold saw modest gains in Asia, but it then chopped back lower for most of the rest of trade and ended near its last minute low of $1739.95 with a loss of 0.41%. Silver slipped to as low as $33.92 and ended with a loss of 0.23%.
Euro gold fell to about €1347, platinum gained $2.30 to $1609.50, and copper fell slightly to about $3.53.
Gold and silver equities remained weak throughout most of trade and ended with over 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Orders | Oct | 0.0% | -0.4% | 9.2% |
Durable Orders -ex Trans. | Oct | 1.5% | -0.4% | 1.7% |
Case-Shiller 20-city Index | Sep | 3.0% | 3.1% | 2.0% |
Consumer Confidence | Nov | 73.7 | 73.0 | 73.1 |
FHFA Housing Price Index | Sep | 0.2% | - | 0.5% |
Tomorrow at 10AM EST brings New Home Sales for October expected at 388,000 and at 2PM is the fed’s Beige Book.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell along with the Dow, Nasdaq, and S&P as the U.S. dollar index and treasuries rose on continued concern about the fiscal cliff.
Among the big names making news in the market today were Apple, RIM, Las Vegas Sands, and ConAgra.
GATA Posts:
Lawrence Williams: Is any official gold data reliable?
Alasdair Macleod: Custody arrangements reduce security for GLD and SLV shareholders
Do gold manipulation deniers really know the secrets of central banking?
Ted Butler: A silver manipulation timeline
The Statistics:
As of close of business: 11/26/2012
Gold Warehouse Stocks: | 11,336,689.170 | +1,093.10 |
Silver Warehouse Stocks: | 139,779,820.106 | -2,066,683.435 |
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 | 1342.197 | 43,152,989 | US$75,332m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 140.85 | 4,528,530 | US$7,908m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 158.73 | 5,103,330 | US$8,322m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$625m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.45 | 1,364,715 | US$2,214m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 213.95: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,818.07: No change from yesterday’s data.
The Miners:
Gold Resource’s (GORO) dividend, Claude’s (CGR) drill results, Allied Nevada’s (ANV) drill results, and SilverCrest’s (SVL.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +1.68% $1.82 |
2. Almaden | AAU +1.10% $2.75 |
3. Sandstorm | SAND+0.90% $12.34 |
LOSERS
1. McEwen | MUX-5.29% $3.58 |
2. Gold Reserve | GRZ -5.15% $3.13 |
3. Fortuna | FSM -4.83% $4.73 |
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 Tuesday, 27 November 2012 | Digg This Article | Source: GoldSeek.com