-- 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:
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
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© Gold Seeker 2012
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-- Posted Friday, 14 December 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 1% and 3% on the Week
