-- Posted Wednesday, 11 December 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1252.90 | -$9.60 |
Silver | $20.31 | -$0.09 |
XAU | 82.82 | -3.46% |
HUI | 197.37 | -3.81% |
GDM | 583.81 | -3.16% |
JSE Gold | 1099.82 | -14.07 |
USD | 79.89 | -0.05 |
Euro | 137.85 | +0.25 |
Yen | 97.60 | +0.34 |
Oil | $97.44 | -$1.07 |
10-Year | 2.844% | +0.047 |
T-Bond | 131.0625 | -0.65625 |
Dow | 15843.53 | -0.81% |
Nasdaq | 4003.81 | -1.40% |
S&P | 1782.22 | -1.13% |
The Metals:
Gold fell $8.49 to $1254.01 at about 8AM EST before it rebounded to $1262.84 in the next hour and a half of trade, but it then fell to a new session low of $1252.06 in afternoon trade and ended with a loss of 0.76%. Silver slipped to as low as $20.232 and ended with a loss of 0.44%.
Euro gold fell to about €909, platinum lost $4 to $1383, and copper climbed 4 cents to about $3.31.
Gold and silver equities saw only slight losses for most of the morning, but they then accelerated lower in afternoon trade and ended with over 3% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Treasury Budget | Nov | -$135.2B | -$140.0B | -$172.1B |
Israel's Fischer Said to Be Top Candidate for Fed Vice Chairman Bloomberg
Mortgage applications rise in latest week: MBA Reuters
Central banks will move goal posts to keep QE forever MarketWatch
Murray, Ryan reach two-year U.S. budget deal MarketWatch
Tomorrow brings Initial Jobless Claims, Retail Sales, Export and Import Prices, and Business Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil briefly pared early losses after the Energy Information Administration reported that crude inventories fell 10.6 million barrels, gasoline inventories rose 6.7 million barrels, and distillates rose 4.5 million barrels.
The U.S. dollar index fell as the euro rose on the view that the ECB will not cut rates any further.
Treasuries remained lower after today’s $21 billion 10-year note auction sold at a yield of 2.824% with a bid to cover of 2.61.
The Dow, Nasdaq, and S&P fell on poor earnings reports and uncertainty about future fed stimulus.
Among the big names making news in the market today were Costco, Avon, Home Depot, and Microsoft.
GATA Posts:
TF Metals Report: JPM keeps gobbling up December gold deliveries
North Korea reported to be selling gold to China
JPMorgan Chase, the Foreign Corrupt Practices Act, and the corruption of America
Alasdair Macleod: The relevance of Say's Law
Jan Skoyles interviews Hinde's Ben Davies on 'Get Real' pilot
The Statistics:
As of close of business: 12/10/2013
Gold Warehouse Stocks: | 7,423,624.248 | +41,544.235 |
Silver Warehouse Stocks: | 169,976,940.944 | +276,852.21 |
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) AND Mexico Stock Exchange (BMV) | SPDR® Gold Shares | 835.705 | 26,868,753 | US$33,858m |
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$5,597m |
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$451m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.88 | 1,346,506 | US$1,674m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.90: -1.07 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,208.66: -95.83 change from yesterday’s data.
The Miners:
Centerra Gold’s (CG.TO) extended credit facility, Vista Gold’s (VGZ) project update, and Sibanye Gold’s (SGL) offer for Witwatersrand Consolidated Gold Resources Ltd. were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alexco | AXU +3.50% $1.33 |
2. Timmins | TGD +1.79% $1.14 |
3. Turquoise | TRQ +0.30% $3.34 |
LOSERS
1. Avino | ASM -7.49% $1.11 |
2. AngloGold | AU -7.34% $12.25 |
3. B2Gold | BTG -6.48% $2.02 |
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 Wednesday, 11 December 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
