Close | Gain/Loss | |
Gold | $1609.10 | -$7.20 |
Silver | $28.91 | +$0.22 |
XAU | 188.03 | +0.46% |
HUI | 519.78 | +0.41% |
GDM | 1488.26 | +0.48% |
JSE Gold | 2942.64 | -23.61 |
USD | 80.95 | -0.29 |
Euro | 127.73 | +0.60 |
Yen | 130.17 | +0.24 |
Oil | $101.31 | -$0.25 |
10-Year | 1.960% | -0.001 |
T-Bond | 142.90625 | -0.125 |
Dow | 12392.69 | +0.27% |
Nasdaq | 2676.56 | +0.09% |
S&P | 1280.70 | +0.23% |
The Metals:
Gold climbed $7.07 to $1623.37 in Asia, but it then fell to as low as $1606.29 in New York and ended with a loss of 0.45%.Silver surged to as high as $29.21 by a little after 9AM EST before it also fell back off in New York, but it still ended with a gain of 0.77%.
Euro gold fell to about €1260, platinum gained $26.20 to $1423.50, and copper fell a couple of cents to about $3.41.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
Gold Could Hit $1,940 an ounce in ’12: Goldman Bloomberg
Gold Seen Extending Best Rally Since 1920 on Europe Crisis, Reliance Says Bloomberg
South Africa’s Gross Reserves Decline as Gold Price Drops, Dollar Advances Bloomberg
The Economy:
Report | For | Reading | Expected | Previous |
Consumer Credit | Nov | $20.4B | $7.0B | $60.B |
Tomorrow at 10AM brings Wholesale Inventories for November expected at 0.6%.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on easing worries over Iran and the possible closing of the Strait of Hormuz.
The U.S. dollar index fell as the Dow, Nasdaq, and S&P rose on relative calm in Europe and hopes for strong earnings reports.
Treasuries waffled near unchanged in quiet trade.
Among the big names making news in the market today were Google, Alcoa, Ford, GM, Chrysler, and Idenix.
GATA Posts:
Hinde Capital report on Europe: Should I stay or should I go?
Swiss central bank chairman quits over wife's currency trade
The buzz builds: Reuters columnist rationalizes 'financial repression'
Gene Arensberg: Silver, you ain't seen nothin' yet
Alasdair Macleod: Financial repression
The Statistics:
Activity from: 1/06/2012
Gold Warehouse Stocks: | 11,460,882 | -32,090 |
Silver Warehouse Stocks: | 121,887,697 | -414,993 |
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 | 1254.570 | 40,335,691 | US$65,111m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 115.35 | 3,708,632 | US$5,966m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 126.23 | 4,058,350 | US$6,528m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 472,992 | US$734m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 40.99 | 1,317,882 | US$2,107m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.00: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,516.75: No change from yesterday’s data.
Midway’s (MDW) Development Stage qualification, ITH’s (THM) new Alaska General Manager, Goldcorp’s (GG) dividend and production and cash cost guidance, AuRico’s (AUQ) exploration update, Eldorado’s (EG) operating results and guidance, Pretivm’s (PVG.TO) listing on the NYSE, Minefinders’ (MFN) production and sales results for the quarter, and SilverCrest’s (SVL.V) retired loan facility were among big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Loncor | LON+11.88% $1.79 |
2.Comstock | LODE+6.74% $1.90 |
3.Lake Shore | LSG +6.25% $1.53 |
LOSERS
1.Solitario | XPL -5.70% $1.49 |
2.Mines MGMT | MGN -3.94% $1.95 |
3.Gold Reserve | GRZ -3.51% $2.75 |
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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- http://www.silverseek.com
- http://www.goldreview.com
©Gold Seeker 2012
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