-- Posted Friday, 3 May 2013 | | Disqus
| Close | Gain/Loss | On Week |
Gold | $1469.20 | +$2.40 | +0.82% |
Silver | $24.09 | +$0.30 | +0.79% |
XAU | 107.67 | +0.49% | +1.28% |
HUI | 277.15 | +0.03% | +0.27% |
GDM | 821.72 | +0.07% | +0.59% |
JSE Gold | 1485.74 | -35.36 | -5.34% |
USD | 82.11 | -0.10 | -0.45% |
Euro | 131.15 | +0.55 | +0.65% |
Yen | 100.97 | -1.09 | -0.98% |
Oil | $95.61 | +$1.62 | +2.81% |
10-Year | 1.752% | +0.121 | +5.35% |
Bond | 146.96875 | -2.21875 | -1.22% |
Dow | 14973.96 | +0.96% | +1.78% |
Nasdaq | 3378.63 | +1.14% | +3.03% |
S&P | 1614.42 | +1.05% | +2.03% |
The Metals:
Gold climbed $20.95 to $1487.75 at about 6:30AM EST before it fell back to as low as $1456.37 following this morning’s jobs report, but it then chopped back higher into the close and ended with a gain of 0.16%. Silver slipped to as low as $23.42 immediately after this morning’s jobs report, but it then climbed to as high as $24.373 at about 10:15AM EST and ended with a gain of 1.26%.
Euro gold fell to about €1121, platinum lost $4.50 to $1493.50, and copper climbed 20 cents to about $3.30.
Gold and silver equities rose over 2% in the first hour of trade before they fell to see slight losses by midafternoon, but they then edged back higher in the last hour of trade and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Apr | 165K | 155K | 138K |
Unemployment Rate | Apr | 7.5% | 7.6% | 7.6% |
Hourly Earnings | Apr | 0.2% | 0.2% | 0.0% |
Average Workweek | Apr | 34.4 | 34.6 | 34.6 |
Factory Orders | Mar | -4.0% | -2.5% | 1.9% |
ISM Services | Apr | 53.1 | 54.0 | 54.4 |
The BLS net birth/death adjustment added 193,000 payrolls to April’s data. Private Payrolls rose 176,000.
All of this week’s other economic reports:
Next week’s economic highlights include Consumer Credit on Tuesday, Initial Jobless Claims and Wholesale Inventories on Thursday, and the Treasury Budget on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the Dow, Nasdaq, and S&P on this morning’s better than expected jobs report that sent treasuries markedly lower.
The U.S. dollar index initially popped higher after the jobs report, but it then fell back off following some poor readings from Factory Orders and ISM Services.
Among the big names making news in the market Friday were Chrysler, IBM, Apple, LinkedIn, Duke Energy, CBOE, and Glencore.
GATA Posts:
JPMorgan caught in swirl of regulatory woes
Hong Kong gold retailers overwhelmed by mainland shoppers
Bill Buckler's farewell: Denying gold market manipulation is silly
Ambrose Evans-Pritchard: Italy should use gold reserves to change EMU policy
The Statistics:
Activity from: 5/02/2013
Gold Warehouse Stocks: | 8,033,591.673 | -65,504.198 |
Silver Warehouse Stocks: | 165,642,442.386 | -439,437.378 |
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 | 1069.215 | 34,376,317 | US$50,482m |
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$6,506m |
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 6.015 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 195.52: -0.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,431.39: -21.11 change from yesterday’s data.
The Miners:
Aurizon’s (AZK) status update and Harmony’s (HMY) third quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Hecla | HL +4.88% $3.44 |
2. Tanzanian Royalty | TRX +3.83% $2.98 |
3. Solitario | XPL +3.28% $1.26 |
LOSERS
1. Harmony | HMY -9.62% $4.32 |
2. Aurizon | AZK -9.40% $3.76 |
3. Banro | BAA -4.46% $1.07 |
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, 3 May 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 1% on the Week
