-- Posted Wednesday, 5 December 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1693.60 | -$3.10 |
Silver | $32.85 | -$0.11 |
XAU | 160.39 | -3.94% |
HUI | 428.46 | -2.83% |
GDM | 1248.75 | -2.73% |
JSE Gold | 2253.82 | -11.44 |
USD | 79.81 | +0.16 |
Euro | 130.72 | -0.21 |
Yen | 121.37 | -0.66 |
Oil | $87.88 | -$0.62 |
10-Year | 1.591% | -0.017 |
T-Bond | 151.59375 | +0.125 |
Dow | 13034.49 | +0.64% |
Nasdaq | 2973.69 | -0.77% |
S&P | 1409.28 | +0.16% |
The Metals:
Gold climbed $9.88 to $1706.58 in Asia before it fell all the way back to $1684.75 at about 11AM EST, but it then bounced back higher in the next hour of trade and ended with a loss of just 0.18%. Silver rose to $33.24 before it slipped back to $32.51, but it then rallied back higher midday and ended with a loss of just 0.33%.
Euro gold fell to under €1295, platinum lost $6.50 to $1578, and copper climbed a couple of cents to about $3.67.
Gold and silver equities remained weak throughout the day and ended with about 3% losses.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Nov | 118K | 125K | 157K |
Productivity | Q3 | 2.9% | 2.7% | 1.9% |
Unit Labor Costs | Q3 | -1.9% | -0.8% | -0.1% |
ISM Services | Nov | 54.7 | 53.7 | 54.2 |
Factory Orders | Oct | 0.8% | -0.1% | 4.5% |
Mortgage applications rose last week: MBA Reuters
Tomorrow at 8:30AM EST brings Initial Jobless Claims for 12/1 expected at 382,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell as the U.S. dollar index and treasuries rose on deadlocked budget talks in Washington.
The Dow and S&P climbed higher on decent economic data while the Nasdaq dropped on a disappointing performance by Apple.
Among the big names making news in the market today were Apple, MF Global, Disney, Wal-Mart, AT&T, J.C. Penney, Citigroup, and Freeport-McMoRan Copper & Gold Inc., Plains Exploration & Production Company, and McMoRan Exploration Co.
GATA Posts:
A leading financial journalist admits gold questions are legitimate
World has less gold above ground than it thinks, GoldMoney's Turk says
South Korea buys more gold amid speculation on currency market intervention
The Statistics:
As of close of business: 12/04/2012
Gold Warehouse Stocks: | 11,403,519.045 | +4,050.91 |
Silver Warehouse Stocks: | 145,131,750.970 | +1,726,701.554 |
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 | 1351.237 | 43,443,609 | US$73,563m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 141.60 | 4,552,636 | US$7,683m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 160.11 | 5,147,788 | US$8,394m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$605m |
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 2.411 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 215.51: +0.47 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,790.02: +32.16 change from yesterday’s data.
The Miners:
McEwen’s (MUX) completion of its Rights Offering, Sandstorm’s (SAND) gold stream agreement, Keegan’s (KGN) merger with PMI Gold (PMV.TO), Freeport’s (FCX) merger agreements with Plains Exploration & Production Company (PXP) and McMoRan Exploration Co. (MMR), SilverCrest’s (SVL.V) stock options, and Silver Standard’s (SSRI) Feasibility Study were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +7.34% $3.07 |
2. Mines MGMT | MGN+2.83% $1.09 |
3. Vista Gold | VGZ +2.41% $2.98 |
LOSERS
1. Freeport | FCX-15.99%$32.16 |
2. IAMGOLD | IAG -6.93% $10.74 |
3. Midway | MDW -6.08% $1.39 |
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, 5 December 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
