-- Posted Thursday, 2 May 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1466.80 | +$8.10 |
Silver | $23.79 | +$0.16 |
XAU | 107.15 | -0.10% |
HUI | 277.06 | -0.24% |
GDM | 821.17 | -0.22% |
JSE Gold | 1521.10 | +23.13 |
USD | 82.21 | +0.58 |
Euro | 130.64 | -1.21 |
Yen | 102.06 | -0.63 |
Oil | $93.99 | +$2.96 |
10-Year | 1.631% | -0.008 |
T-Bond | 149.28125 | +0.15625 |
Dow | 14831.58 | +0.89% |
Nasdaq | 3340.62 | +1.26% |
S&P | 1597.59 | +0.94% |
The Metals:
Gold climbed $14.70 to $1473.40 in early New York trade before it chopped back lower for most of the rest of trade, but it still ended with a gain of 0.56%. Silver rose to as high as $24.189 and ended with a gain of 0.68%.
Euro gold jumped to almost €1123, platinum gained $23 to $1498, and copper climbed a couple of cents to about $3.10.
Gold and silver equities saw slight losses for most of the morning, but they then edged back higher midday and ended near unchanged.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 4/27 | 324K | 346K | 342K |
Productivity | Q1 | 0.7% | 1.2% | -1.7% |
Unit Labor Costs | Q1 | 0.5% | 1.6% | 4.4% |
Trade Balance | Mar | -$38.8B | -$43.0B | -$43.6B |
“The European Central Bank cut interest rates for the first time in 10 months on Thursday and held out the possibility of further policy action to support the recession-hit euro zone economy.
Responding to a drop in euro zone inflation well below its target level and rising unemployment, the ECB lowered its main rate by a quarter percentage point to a record low 0.50 percent.
ECB President Mario Draghi, promising to provide as much liquidity as euro zone banks need well into next year and to help smaller companies get access to credit, also indicated that some policymakers had pushed for a bigger cut.”
Mortgage Rates Drop for Fifth Week as 15-Year Sets Record Bloomberg
Tomorrow brings April’s jobs data, Factory Orders, and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the U.S. dollar index on the ECB’s rate cut and better than expected jobs data that also sent the Dow, Nasdaq, and S&P higher. Treasuries found slight gains on the ECB’s and fed’s renewed dedication to keeping interest rates low.
Among the big names making news in the market today were GM, Intel, and Prudential.
The Statistics:
As of close of business: 5/01/2013
Gold Warehouse Stocks: | 8,099,095.874 | +98,104.828 |
Silver Warehouse Stocks: | 166,081,879.764 | -358,244.711 |
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 | 1075.230 | 34,569,727 | US$50,767m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$6,536m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$527m |
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 3.309 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 195.56: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,452.50: No change from yesterday’s data.
The Miners:
Aurizon’s (AZK) breach of an internal tailings dyke, Goldcorp’s (GG) first quarter results, Barrick’s (ABX) completed debt sale, Royal Gold’s (RGLD) reserve and production forecasts and third quarter results, First Majestic’s (AG) mill expansion, Alexco’s (AXU) advance notice policy, and Randgold’s (GOLD) first quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Revett | RVM +4.32% $1.45 |
2. Yamana | AUY +2.76% $11.91 |
3. Comstock | LODE +2.59% $1.98 |
LOSERS
1. Aurizon | AZK -9.03% $3.93 |
2. Golden Minerals | AUMN -5.17% $1.65 |
3. Banro | BAA -5.08% $1.12 |
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 Thursday, 2 May 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks, Dollar, Bonds, and Oil
