-- Posted Friday, 21 December 2012 | | Disqus
Please Note: US markets will close early on Monday at 1PM EST and will remain closed through Tuesday for Christmas.
| Close | Gain/Loss | On Week |
Gold | $1655.00 | +$6.30 | -2.31% |
Silver | $29.97 | +$0.01 | -6.84% |
XAU | 160.29 | +0.13% | -2.70% |
HUI | 427.60 | UNCH | -2.30% |
GDM | 1242.52 | -0.01% | -2.83% |
JSE Gold | 2200.99 | +6.28 | -0.83% |
USD | 79.57 | +0.36 | -0.04% |
Euro | 131.83 | -0.65 | +0.19% |
Yen | 118.72 | +0.17 | -0.88% |
Oil | $88.66 | -$1.47 | +2.23% |
10-Year | 1.754% | -0.046 | +2.69% |
Bond | 147.53125 | +1.03125 | -1.46% |
Dow | 13190.84 | -0.91% | +0.43% |
Nasdaq | 3021.01 | -0.96% | +1.67% |
S&P | 1430.15 | -0.94% | +1.17% |
The Metals:
Gold fell $13.10 to $1635.60 in early Asian trade, but it then rose to as high as $1659.50 in New York and ended with a gain of 0.38%. Silver climbed to as high as $30.255 and ended with a gain of 0.03%.
Euro gold rose to over €1255, platinum lost $8.50 to $1537.50, and copper climbed a couple of cents to about $3.55.
Gold and silver equities traded mostly slightly higher and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | Nov | 0.6% | 0.3% | 0.1% |
Personal Spending | Nov | 0.4% | 0.3% | -0.1% |
PCE Prices - Core | Nov | 0.0% | 0.1% | 0.1% |
Durable Orders | Nov | 0.7% | 0.2% | 1.1% |
Durable Orders ex trans. | Nov | 1.6% | -0.2% | 1.9% |
Michigan Sentiment | Dec | 72.9 | 74.8 | 74.5 |
All of this week’s other economic reports:
NAHB Housing Market Index - December | 47 v. 45 |
Next week’s economic highlights include the Case-Shiller 20-city Index on Wednesday, Initial Jobless Claims, New Home Sales, and Consumer Confidence on Thursday, and Chicago PMI and Pending Home Sales on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
The Dow, Nasdaq, and S&P fell with oil as the U.S. dollar index and treasuries rose after House of representative republicans cancelled their “plan B” vote due to lack of support.
Boehner not walking away from cliff talks
Boehner Says Republicans Didn’t Want Tax Increase
House GOP pulls “Plan B” as “fiscal cliff” looms
Way forward on fiscal cliff uncertain after Republican plan fails
Among the big names making news in the market Friday were Walgreen, RIM, Audi, GE, Citigroup, NYSE, Delta, and Lehman Brothers.
GATA Posts:
Brazil doubles gold reserves as central banks buy bullion
The Statistics:
Activity from: 12/20/2012
Gold Warehouse Stocks: | 10,963,119.303 | +3,568.65 |
Silver Warehouse Stocks: | 146,904,155.559 | +841,184.207 |
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 | 1350.519 | 43,420,543 | US$71,688m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 139.17 | 4,474,614 | US$7,404m |
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 | 5,147,559 | US$8,394m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$594m |
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: 216.36: -0.48 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,895.37: +24.08 change from yesterday’s data.
The Miners:
Vista Gold’s (VGZ) closed offering, Centerra’s (CG.TO) updated technical report, and SilverCrest’s (SVL.V) drill results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Nevsun | NSU +4.53% $4.15 |
2. Sandstorm | SAND+4.39% $11.89 |
3. NovaGold | NG +3.95% $4.47 |
LOSERS
1. Golden Star | GSS-8.43% $1.52 |
2. Gold Reserve | GRZ -8.25% $2.89 |
3. Paramount | PZG -6.31% $2.08 |
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 Friday, 21 December 2012 | Digg This Article | Source: GoldSeek.com