Close | Gain/Loss | |
Gold | $1593.20 | -$14.00 |
Silver | $28.65 | -$0.43 |
XAU | 182.66 | -1.33% |
HUI | 503.97 | -1.52% |
GDM | 1439.69 | -1.58% |
JSE Gold | 2955.86 | +64.12 |
USD | 79.81 | -0.20 |
Euro | 130.68 | +0.19 |
Yen | 128.44 | +0.41 |
Oil | $101.34 | +$1.66 |
10-Year | 2.009% | -0.021 |
T-Bond | 142.4375 | +0.46875 |
Dow | 12291.35 | -0.02% |
Nasdaq | 2625.20 | +0.25% |
S&P | 1265.43 | +0.01% |
The Metals:
Gold fell to as low as $1589.60 by early afternoon in New York before it bounced back higher in the last few hours of trade, but it still ended with a loss of 0.87%.Silver slipped to as low as $28.488 and ended with a loss of 1.48%.
Euro gold fell to about €1219, platinum gained $4.50 to $1427, and copper fell 6 cents to about $3.40.
Gold and silver equities fell about 1.5% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | Oct | -3.4% | -3.0% | -3.5% |
Consumer Confidence | Dec | 64.5 | 58.0 | 55.2 |
Tomorrow at 7AM EST brings the MBA Mortgage Index for 12/24.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on Iran’s threat to shut down the Strait of Hormuz.
The U.S. dollar index saw slight losses as the Dow, Nasdaq, and S&P traded mostly modestly higher on decent economic data.
Treasuries rebounded from last week’s notable losses.
Among the big names making news in the market Friday were Sears, GE Capital, and Mead Johnson.
GATA Posts:
Free market in gold starts scaring China too
J.S. Kim: Did bankers crash MF Global to crash gold and silver?
China central bank researcher says gold is only safe haven now
Jim Rickards sees 'Currency Wars' destroying dollar
China, Japan to back direct trade of currencies, sidestepping dollar
The Statistics:
Activity from: 12/23/2011
Gold Warehouse Stocks: | 11,279,397 | -3,504 |
Silver Warehouse Stocks: | 115,296,210 | -67,260 |
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$64,817m |
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$5,962m |
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$6,524m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,061 | US$728m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$2,118m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,944 | US$8m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 172.52: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,605.79: -93.76 change from yesterday’s data.
There were no big stories in the gold and silver mining industry making headlines today.
WINNERS
1.Timmins | TGD +2.69% $1.91 |
2.Gold Resource | GORO+2.16% $22.25 |
3.Lake Shore | LSG +1.68% $1.21 |
LOSERS
1.Entree | EGI -6.72% $1.11 |
2.Tanzanian Royalty | TRX -6.10% $2.31 |
3.NovaGold | NG -5.82% $8.26 |
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.goldreview.com
©Gold Seeker 2011
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