-- Posted Friday, 11 January 2013 | | Disqus
| Close | Gain/Loss | On Week |
Gold | $1663.20 | -$9.70 | +0.42% |
Silver | $30.47 | -$0.30 | +0.93% |
XAU | 163.35 | -0.16% | +0.51% |
HUI | 433.05 | -0.07% | +0.09% |
GDM | 1261.54 | -0.13% | +0.23% |
JSE Gold | 2215.77 | +32.63 | -1.41% |
USD | 79.57 | -0.19 | -1.09% |
Euro | 133.39 | +0.74 | +1.97% |
Yen | 112.10 | -0.54 | -1.23% |
Oil | $93.56 | -$0.26 | +0.50% |
10-Year | 1.875% | -0.019 | -2.09% |
Bond | 145.28125 | +0.4375 | +0.54% |
Dow | 13488.43 | +0.13% | +0.40% |
Nasdaq | 3125.63 | +0.12% | +0.77% |
S&P | 1472.05 | -0.00% | +0.38% |
The Metals:
Gold climbed up to $1676.71 at about 8:30AM EST before it fell back to $1653.52 by late morning in New York, but it then rallied back higher in afternoon trade and ended with a loss of just 0.58%. Silver slipped to as low as $30.174 before it also rebounded, but it still ended with a loss of 0.97%.
Euro gold fell to about €1247, platinum gained $1.50 to $1628, and copper dropped 6 cents to about $3.65.
Gold and silver equities fell over 1% in the first fifteen minutes of trade, but they then rallied back to about unchanged by midday and ended with just minor losses.
The Economy:
Report | For | Reading | Expected | Previous |
Trade Balance | Nov | -$48.7B | -$41.8B | -$42.1B |
Export Prices | Dec | -0.1% | - | -0.7% |
Export Prices ex-ag. | Dec | -0.2% | - | -0.8% |
Import Prices | Dec | -0.1% | - | -0.8% |
Import Prices ex-oil | Dec | -0.1% | - | -0.2% |
Treasury Budget | Dec | -$0.3B | -$1.0B | -$86.0B |
All of this week’s other economic reports:
Next week’s economic highlights include Retail Sales, PPI, Empire Manufacturing, and Business Inventories on Tuesday, CPI, Net Long Term TIC Flows, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, and the fed’s Beige Book on Wednesday, Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed on Thursday, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell after a higher than expected inflation rate in China reduced stimulus expectations.
The U.S. dollar index fell as the euro continued to rise on the ECB’s lack of a hint towards possible rate cuts anytime soon.
Treasuries found slight gains on worries about the economy.
The Dow, Nasdaq, and S&P waffled near unchanged in quiet trade.
Among the big names making news in the market Friday were Ford, Fidelity, Wal-Mart, JPMorgan, Boeing, and Wells Fargo.
GATA Posts:
Mike Kosares: John Law reincarnated, and Ernest Hemingway on inflation
Pimco's El-Erian complains about market manipulation by central banks -- and the FT prints it!
Report commissioned by World Gold Council hints at the war against gold
GATA begins accepting donations in bitcoin
Sign the White House petition to audit the U.S. gold reserve and track its ownership
Patrick Heller: Bullion delivery delays worsening
The Statistics:
Activity from: 1/10/2013
Gold Warehouse Stocks: | 10,874,427.304 | -26,177.655 |
Silver Warehouse Stocks: | 148,959,922.834 | -1,811,210.1 |
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 | 1337.729 | 43,009,313 | US$71,274m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.39 | 4,449,465 | US$7,382m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 158.79 | 5,105,255 | US$8,325m |
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 2.108 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 219.04: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,133.28: +21.06 change from yesterday’s data.
The Miners:
WINNERS
1. Gold Resource | GORO +6.32% $14.81 |
2. Exeter | XRA +6.25% $1.36 |
3. New Gold | NGD +3.30% $10.95 |
LOSERS
1. Richmont | RIC -3.88% $3.22 |
2. Northern Dynasty | NAK -3.66% $3.95 |
3. Nevsun | NSU -3.25% $4.46 |
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 Friday, 11 January 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Higher on the Week
