Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Stock Review : Markets : News Wire : Quotes : Radio : Silver : Stocks - Main 
  
 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek Radio Nugget: Fabian Calvo & Chris Waltzek
By: radio.GoldSeek.com

The Price of Gold and the Art of War Part III
By: Darryl Robert Schoon

Euro Succumbs to ECB QE Expectations and FOMC
By: Dan Norcini

U.S. Gold Exports Jump 70% In September
By: Steve St. Angelo, SRSrocco Report

Asian Metals Market Update
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Surge Higher
By: Chris Mullen, Gold-Seeker.com

John Williams: A Downhill Run for the Dollar in 2015
By: The Gold Report

How Inflation Changes Retirement Benefit Choices
By: Daniel R Amerman, CFA, MBA, BSBA

For Traders and Asset Managers, Puerto Rico’s Tax Incentives Are a No-Brainer
By: Nick Giambruno

Crashing oil may result in "perestroika"?
By: Bill Holter

 
Search

GoldSeek Web

 
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 1% and 3% on the Week
By: Chris Mullen, Gold-Seeker.com


-- Posted Friday, 14 December 2012 | | Disqus

 

 

Close

Gain/Loss

On Week

Gold

$1694.20

-$2.90

-0.58%

Silver

$32.17

-$0.38

-2.69%

XAU

164.74

+0.65%

+1.64%

HUI

437.66

+0.22%

+0.91%

GDM

1278.68

+0.23%

+1.12%

JSE Gold

2219.48

-20.64

+1.07%

USD

79.60

-0.32

-1.01%

Euro

131.58

+0.81

+1.76%

Yen

119.77

+0.23

-1.28%

Oil

$86.73

+$0.84

+0.93%

10-Year

1.708%

-0.020

+4.98%

Bond

149.71875

+0.53125

-0.77%

Dow

13135.01

-0.27%

-0.15%

Nasdaq

2971.33

-0.70%

-0.23%

S&P

1413.58

-0.41%

-0.32%

 
 
 

 

The Metals:

 

Gold edged up to $1700.42 in Asia before it fell back to $1693.32 by a little after 9AM EST, but it then bounced back higher into the close and ended with a loss of just 0.17%.  Silver slipped to as low as $32.16 and ended with a loss of 1.17%.

 

Euro gold fell to about €1288, platinum gained $3.50 to $1613.50, and copper climbed a penny to about $3.66.

 

Gold and silver equities opened up about 1% higher before they fell to see about 1% losses in the next hour of trade, but they then rallied back higher in early afternoon trade and ended with modest gains.

 

Queen Elizabeth checks out Bank of England gold room

 

The Economy:

 

Report

For

Reading

Expected

Previous

CPI

Nov

-0.3%

-0.2%

0.1%

Core CPI

Nov

0.1%

0.1%

0.2%

Industrial Production

Nov

1.1%

0.3%

-0.7%

Capacity Utilization

Nov

78.4%

78.0%

77.7%

 

All of this week’s other economic reports:

 

Business Inventories - October

0.4% v. 0.7%

 

PPI - November

-0.8% v. -0.2%

 

Core PPI - November

0.1% v. -0.2%

 

Initial Claims - 12/8

343K v. 375K

 

Retail Sales - November

0.% v. -0.3%

 

Retail Sales ex-auto - November

0.0% v. 0.0%

Treasury Budget - November

-$172.1B v. -$137.3B

 

Import Prices - November

-0.9% v. 0.3%

 

Import Prices ex-oil - November

-0.2% v. 0.4%

 

Export Prices - November

-0.7% v. 0.0%

 

Export Prices ex-ag. - November

-0.7% v. 0.2%

 

Wholesale Inventories - October

0.6% v. 1.1%

 

Trade Balance - October

-$42.2B v. -$40.3B

 

Next week’s economic highlights include Empire Manufacturing and Net Long-Term TIC Flows on Monday, the Current Account Balance and the NAHB Housing Market Index on Tuesday, Housing Starts and Building Permits on Wednesday, Initial Jobless Claims, GDP, Existing Home Sales, the Philadelphia Fed, Leading Economic Indicators, and the FHFA Housing Price Index on Thursday, and Personal Income and Spending, Core PCE Prices, and Michigan Sentiment on Friday.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose on stronger than expected economic data from China that raised demand expectations.

 

The U.S. dollar index fell on this morning’s CPI report that allows the Federal Reserve to stay on its ultra-easy monetary policy path.

 

Treasuries found slight gains as the Dow, Nasdaq, and S&P traded mostly slightly lower on the lack of progress over budget talks.

 

Among the big names making news in the market Friday were Discovery, UBS, Boeing, Bank of America and MBIA, Apple, and Best Buy.

 

The Statistics:

Activity from: 12/13/2012

Gold Warehouse Stocks:

11,107,608.525

-30,703.25

Silver Warehouse Stocks:

147,520,555.042

+9,565.00

 

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

1351.423

43,449,600

US$73,535m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

139.85

4,496,302

US$7,622m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

160.50

5,160,087

US$8,414m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$608m

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: 216.81: +0.87 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,871.29: +42.14 change from yesterday’s data.

 

The Miners:

 

AuRico’s (AUQ) completed mine sale, Vista Gold’s (VGZ) priced offering, Jaguar’s (JAG) new CFO, Timberline’s (TLR) 2012 financial results, Centerra’s (CG.TO) environmental claims, and Aurcana’s (AUN.V) commercial production announcement were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Freeport

FCX+4.00% $33.78

2.  McEwen

MUX+2.95% $3.84

3.  Hecla

HL +2.87% $5.73

 

LOSERS

1.  Vista Gold

VGZ-9.86% $2.65

2.  Almaden

AAU -4.97% $3.06

3.  ITH

THM-4.02% $2.15

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2012

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


-- Posted Friday, 14 December 2012 | Digg This Article | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2014


© GoldSeek.com, Gold Seek LLC


GoldSeek.com Supports Kiva.org

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.
OilSeek.com