-- Posted Tuesday, 8 January 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1658.20 | +$11.80 |
Silver | $30.35 | +$0.22 |
XAU | 160.54 | +0.22% |
HUI | 424.65 | -0.10% |
GDM | 1240.58 | +0.20% |
JSE Gold | 2180.56 | -54.32 |
USD | 80.33 | +0.11 |
Euro | 130.83 | -0.39 |
Yen | 114.83 | +0.88 |
Oil | $93.15 | -$0.04 |
10-Year | 1.871% | -0.032 |
T-Bond | 145.1875 | +0.50 |
Dow | 13328.85 | -0.41% |
Nasdaq | 3091.85 | -0.23% |
S&P | 1457.15 | -0.32% |
The Metals:
Gold chopped its way higher throughout most of world trade and ended near its early afternoon high of $1662.33 with a gain of 0.72%. Silver surged to as high as $30.534 and ended with a gain of 0.73%.
Euro gold rose to about €1268, platinum gained $26.50 to $1577, and copper remained at about $3.67.
Gold and silver equities traded slightly lower for most of the day, but they then bounced back higher in late trade and ended near unchanged.
The Economy:
Report | For | Reading | Expected | Previous |
Consumer Credit | Nov | $16.1B | $10.6B | $14.0B |
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on expectations for a rise of stockpiles in tomorrow’s inventories report.
The U.S. dollar index rose as the euro fell on speculation about what the ECB will announce after their meeting on Thursday.
Treasuries rose as the Dow, Nasdaq, and S&P fell on worries about the start of the release of fourth-quarter earnings reports. Today’s $32 billion 3-year note auction sold at a yield of 0.385% with a bid to cover of 3.62.
Among the big names making news in the market today were AIG, Bank of America, Alcoa, Regeneron, Sears, Monsanto, and SunCal.
GATA Posts:
Silver eagle sales explode; currency competition act proposed again; Lyster leaves RT for Yahoo
The Statistics:
As of close of business: 1/07/2013
Gold Warehouse Stocks: | 10,975,150.417 | +32,422.083 |
Silver Warehouse Stocks: | 149,581,992.559 | +227,879.765 |
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 | 1340.740 | 43,106,142 | US$70,910m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 139.03 | 4,469,879 | US$7,399m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 159.01 | 5,112,314 | US$8,336m |
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.346 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 218.73: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,112.22: +51.15 change from yesterday’s data.
The Miners:
Barrick’s (ABX) concluded discussions with China National Gold, Golden Star’s (GSS) preliminary 2012 fourth quarter and full year production results, AngloGold’s (AU) CEO departure, Minco Silver’s (MSV.TO) corporate update, and Silver Standard’s (SSRI) 2012 production results and production and cost guidance for 2013 were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Vista Gold | VGZ +4.72% $2.66 |
2. Avino | ASM+4.43% $1.91 |
3. Almaden | AAU +4.36% $3.11 |
LOSERS
1. Golden Minerals | AUMN-3.36% $4.60 |
2. AngloGold | AU -2.85% $29.02 |
3. Alexco | AXU -2.33% $3.77 |
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 2013
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-- Posted Tuesday, 8 January 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1%
