-- Posted Thursday, 29 November 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1725.60 | +$6.40 |
Silver | $34.20 | +$0.51 |
XAU | 171.85 | +0.27% |
HUI | 454.60 | +0.20% |
GDM | 1324.06 | +0.32% |
JSE Gold | 2349.36 | +96.03 |
USD | 80.19 | -0.12 |
Euro | 129.75 | +0.17 |
Yen | 121.81 | -0.04 |
Oil | $88.07 | +$1.58 |
10-Year | 1.620% | +0.003 |
T-Bond | 151.21875 | -0.15625 |
Dow | 13021.82 | +0.28% |
Nasdaq | 3012.03 | +0.68% |
S&P | 1415.95 | +0.43% |
The Metals:
Gold edged down to $1717.25 in Asia, but it then rose to as high as $1728.23 in New York and ended with a gain of 0.37%. Silver slipped to as low as $33.51 in Asia, but it then jumped to as high as $34.36 in New York and ended with a gain of 1.51%.
Euro gold rose to about €1330, platinum gained $2 to $1606.50, and copper climbed 6 cents to about $3.58.
Gold and silver equities waffled near unchanged and ended with slight gains.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 11/24 | 393K | 395K | 416K |
GDP | Q3 | 2.7% | 2.8% | 2.0% |
GDP Deflator | Q3 | 2.7% | 2.8% | 2.8% |
Pending Home Sales | Oct | 5.2% | 1.0% | 0.3% |
Dudley Sees Unacceptable Joblessness as More QE Weighed Bloomberg
Fed's Fisher presses for clearer fiscal outlook Reuters
Boehner says Dems need to propose spending cuts Yahoo
Tomorrow brings Personal Income and Spending, Core PCE Prices, and Chicago PMI.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose while the U.S. dollar index and treasuries fell as the Dow, Nasdaq, and S&P traded mostly slightly higher on hopes that Congress will be able to avoid the fiscal cliff.
Among the big names making news in the market today were Cisco, SAC Capital, RIM, and Knight.
GATA Posts:
Ned Naylor-Leyland: LBMA smoke signals on silver smell fishy
Aiming to boost gold reserves, China sees 'fundamental market shortage'
The Statistics:
As of close of business: 11/28/2012
Gold Warehouse Stocks: | 11,387,122.327 | +4,285.807 |
Silver Warehouse Stocks: | 141,383,421.526 | +1,030,505.80 |
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 | 1347.018 | 43,307,991 | US$73,945m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 140.85 | 4,528,479 | US$7,821m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 158.79 | 5,105,275 | US$8,325m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$619m |
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 1.205 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 214.78: +0.01 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,803.02: -15.05 change from yesterday’s data.
The Miners:
Gold Fields’ (GFI) spinoff and Excellon’s (EXN.TO) normal course issuer bid were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Fields | GFI +6.08% $12.57 |
2. Golden Minerals | AUMN +4.69% $4.02 |
3. Endeavour Silver | EXK +4.58% $8.68 |
LOSERS
1. Yamana | AUY-3.01% $18.98 |
2. Banro | BAA -2.95% $3.29 |
3. Solitario | XPL -2.50% $1.56 |
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 Thursday, 29 November 2012 | Digg This Article | Source: GoldSeek.com