Close | Gain/Loss | On Week | |
Gold | $1607.20 | +$2.50 | +0.64% |
Silver | $29.08 | -$0.05 | -1.86% |
XAU | 185.12 | +0.55% | +0.98% |
HUI | 511.75 | +0.68% | +0.26% |
GDM | 1462.79 | +0.82% | +0.51% |
JSE Gold | 2955.86 | +64.12 | +0.27% |
USD | 80.01 | +0.07 | -0.21% |
Euro | 130.42 | -0.09 | +0.06% |
Yen | 128.11 | +0.14 | -1.71% |
Oil | $99.69 | +$0.15 | +6.59% |
10-Year | 2.030% | +0.079 | +9.49% |
Bond | 141.96875 | -1.50 | -2.47% |
Dow | 12294.00 | +1.02% | +3.60% |
Nasdaq | 2618.64 | +0.74% | +2.48% |
S&P | 1265.33 | +0.90% | +3.74% |
The Metals:
Gold climbed to as high as $1613.63 in Asia before it chopped back lower in London and New York, but it still ended with a gain of 0.16%.Silver slipped to as low as $28.898 by early afternoon in New York before it bounced back higher, but it still ended with a loss of 0.17%.
Euro gold €1233, platinum $1422.50, and copper climbed 5 cents to about $3.46.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
Report | For | Reading | Expected | Previous |
Durable Orders | Nov | 3.8% | 2.0% | 0.0% |
Durable Orders -ex Trans. | Nov | 0.3% | 0.3% | 1.5% |
Personal Income | Nov | 0.1% | 0.2% | 0.4% |
Personal Spending | Nov | 0.1% | 0.3% | 0.1% |
PCE Prices - Core | Nov | 0.1% | 0.1% | 0.1% |
New Home Sales | Nov | 315K | 313K | 310K |
Fed’s Once-Secret Data Released to Public Bloomberg
Boehner Signs On to U.S. Payroll Tax Deal Bloomberg
All of this week’s other economic reports:
FHFA Housing Price Index - October |
Leading Indicators - November |
Michigan Sentiment - December |
GDP - Q3 |
GDP Deflator - Q3 |
Initial Claims - 12/17 |
Existing Home Sales - November |
MBA Mortgage Index - 12/17 |
Housing Starts - November |
Building Permits - November |
NAHB Housing Market Index - December |
Next week’s economic highlights include the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, Initial Jobless Claims and Pending Home Sales on Thursday, and Chicago PMI on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly higher on decent economic data and geopolitical worries.
The U.S. dollar index saw slight gains on uncertainty about Europe.
Treasuries fell as the Dow, Nasdaq, and S&P rose on a week of mostly better than expected economic reports.
Among the big names making news in the market Friday were Visa, MF Global, and AT&T.
GATA Posts:
Turkey sharply increases its gold reserves
Avery Goodman: Euro zone gets vast bond monetization through the back door
Jim Sinclair: The gold panic and what to expect in 2012
The Statistics:
Activity from: 12/21/2011
Gold Warehouse Stocks: | 11,226,765 | -32 |
Silver Warehouse Stocks: | 113,934,196 | +1,086,712 |
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$64,820m |
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$5,963m |
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$6,525m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,083 | US$734m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$2,118m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,944 | US$8m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 13.308 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 172.52: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,699.55: +1.51 change from yesterday’s data.
Banro’s (BAA) increase in mineral resource estimates, Freeport’s (FCX) resumption of work at Grasberg, and AuRico’s (AUQ) expiration and final results of its previously announced cash tender offer were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1.ITH | THM+9.26% $4.13 |
2.Paramount | PZG+4.76% $2.20 |
3.Avino | ASM +4.17% $1.5 |
LOSERS
1.DRDGOLD | DROOY -3.40% $5.69 |
2.Loncor | LON -2.52% $1.276 |
3.Northern Dynasty | NAK -1.78% $6.06 |
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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