-- Posted Tuesday, 11 December 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1710.00 | -$1.60 |
Silver | $32.95 | -$0.24 |
XAU | 163.68 | -0.29% |
HUI | 436.80 | -0.48% |
GDM | 1275.45 | -0.41% |
JSE Gold | 2231.81 | -22.82 |
USD | 80.06 | -0.25 |
Euro | 130.05 | +0.63 |
Yen | 121.16 | -0.28 |
Oil | $85.79 | +$0.23 |
10-Year | 1.649% | +0.033 |
T-Bond | 150.375 | -0.6875 |
Dow | 13248.44 | +0.60% |
Nasdaq | 3022.30 | +1.18% |
S&P | 1427.84 | +0.65% |
The Metals:
Gold climbed $2.70 to $1714.30 by a little before 8AM EST before it fell back to $1704.82 in the next two and a half hours of trade, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.09%. Silver bumped up to $33.22 before it dropped back to $32.758 and then bounced back higher, but it still ended with a loss of 0.72%.
Euro gold fell to about €1315, platinum gained $14 to $1635, and copper fell a couple of cents to about $3.67.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
Trade Balance | Oct | -$42.2B | -$42.8B | -$40.3B |
Wholesale Inventories | Oct | 0.6% | 0.4% | 1.1% |
Job Openings in U.S. Rose in October to Four-Month High Bloomberg
"Fiscal cliff" outcome still uncertain; talks continue Reuters
Tomorrow at 8:30AM EST brings Export and Import Prices for November and at 12:30 is a FOMC rate decision. At 2PM is the Treasury Budget for November expected at -$113.0 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly higher in mixed trade as traders awaited the outcome of tomorrow’s OPEC and fed meetings.
The U.S. dollar index fell as the euro rose after better than expected economic data out of Germany.
Treasuries remained lower after today’s $32 billion 3-year note auction sold at a high yield of 0.327% with a bid to cover of 3.36.
The Dow, Nasdaq, and S&P rose on hopes for a resolution to the fiscal cliff.
Among the big names making news in the market today were HSBC, WebMD, Liberty, AIG, and Delta.
GATA Posts:
Don't be scared off, Kim cautions; von Greyerz notes gold scarcity
Secret IMF report: Hide gold loans and swaps for market manipulation
The Statistics:
As of close of business: 12/10/2012
Gold Warehouse Stocks: | 11,420,235.125 | +6,754.22 |
Silver Warehouse Stocks: | 146,924,375.411 | +290,047.29 |
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 | 1353.346 | 43,511,415 | US$74,479m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 139.86 | 4,496,718 | US$7,679m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 159.79 | 5,137,555 | US$8,378m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$613m |
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: 215.94: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,829.15: No change from yesterday’s data.
The Miners:
Pretivm’s (PVG) award, ITH’s (THM) metallurgical test work, Jaguar’s (JAG) retained Chief Operating Officer, Coeur’s (CDE) acquisition of the remaining interest in the Joaquin silver-gold project, and Bear Creek’s (BCM.V) Environmental and Social Impact Assessment were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Golden Minerals | AUMN +9.88% $4.67 |
2. ITH | THM +3.62% $2.29 |
3. Golden Star | GSS +3.30% $1.88 |
LOSERS
1. Great Panther | GPL -2.92% $1.66 |
2. Nevsun | NSU -2.86% $4.07 |
3. New Gold | NGD-2.52% $10.81 |
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 Tuesday, 11 December 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
