-- Posted Monday, 31 December 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1673.10 | +$15.90 |
Silver | $30.32 | +$0.29 |
XAU | 165.59 | +3.09% |
HUI | 444.22 | +3.08% |
GDM | 1288.21 | +3.09% |
JSE Gold | 2273.80 | -5.40 |
USD | 79.77 | +0.09 |
Euro | 131.95 | -0.23 |
Yen | 115.29 | -1.10 |
Oil | $91.82 | +$1.02 |
10-Year | 1.756% | +0.045 |
T-Bond | 147.50 | -0.875 |
Dow | 13104.14 | +1.28% |
Nasdaq | 3019.51 | +2.00% |
S&P | 1426.20 | +1.69% |
The Metals:
Gold climbed $11.56 to $1668.76 by a little before 4AM EST before it fell back to $1656.69 in London, but it then jumped to as high as $1679.90 in New York and ended with a gain of 0.96%. Silver slipped to $29.87 in London, but it then rose to as high as $30.46 in New York and ended with a gain of 0.97%.
Euro gold rose to about €1268, platinum gained $17.20 to $1535, and copper climbed 7 cents to about $3.65.
Gold and silver equities rose over 3% by midafternoon and remained near that level for the rest of the day.
The Economy:
US and Canadian markets are closed tomorrow for New Year’s Day.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the Dow, Nasdaq, and S&P as treasuries fell on signs that a deal will be reached to avoid the fiscal cliff.
The U.S. dollar index found slight gains as the yen extended its recent fall on expectations that Japan's new government will push for aggressive monetary easing.
Among the big names making news in the market today were Carlyle, Tribune, and the USDA.
The Commentary:
“Comex gold had a nice day to finish out the year as it moved sharply higher around mid-morning and pushed right into strong resistance at $1680 on the price chart.
The move enabled gold to put in yet another good performance on a yearly basis as it added 6.9% in 2012.”- Dan Norcini, More at http://www.traderdannorcini.blogspot.com/
GATA Posts:
Japan lashes out over depreciating dollar and euro
Keiser offers silver rounds to protest occupation by bankers
The Statistics:
As of close of business: 12/28/2012
Gold Warehouse Stocks: | 11,058,675.907 | +2,218.35 |
Silver Warehouse Stocks: | 148,205,190.847 | +1,124,043.10 |
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 | 1350.820 | 43,430,228 | US$71,959m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 139.16 | 4,474,014 | US$7,429m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 158.87 | 5,107,853 | US$8,329m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$596m |
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: 217.72: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,045.85: No change from yesterday’s data.
The Miners:
WINNERS
1. Gold Reserve | GRZ+12.97% $3.31 |
2. Solitario | XPL +10.53% $1.68 |
3. Rubicon | RBY +7.14% $2.55 |
LOSERS
1. Northern Dynasty | NAK -1.25% $3.16 |
2. Timmins | TGD -0.33% $3.00 |
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 Monday, 31 December 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 1%
