Close | Gain/Loss | On Week | |
Gold | $1596.90 | +$30.70 | -6.68% |
Silver | $29.63 | +$0.69 | -7.90% |
XAU | 183.33 | +1.53% | -8.63% |
HUI | 510.44 | +1.80% | -9.10% |
GDM | 1455.41 | +1.79% | -9.06% |
JSE Gold | 2947.96 | -4.86 | -5.04% |
USD | 80.18 | -0.12 | +1.98% |
Euro | 130.34 | +0.21 | -2.54% |
Yen | 128.56 | +0.13 | +1.02% |
Oil | $93.53 | -$0.34 | -5.91% |
10-Year | 1.854% | -0.059 | -9.65% |
Bond | 145.5625 | +1.09375 | +2.87% |
Dow | 11866.39 | -0.02% | -2.61% |
Nasdaq | 2555.33 | +0.56% | -3.46% |
S&P | 1219.66 | +0.32% | -2.83% |
The Metals:
Gold rose over 2% to $1600.90 by a little before 8AM EST before it fell back to $1583.05 by midmorning in New York, but it then rallied back higher into the close and ended with a gain of 1.96%.Silver rose to as high as $29.92 before it slipped back to $29.285, but it still ended with a gain of 2.38%.
Euro gold rose to about €1225, platinum gained $13.20 to $1413.70, and copper rose 7 cents to about $3.34.
Gold and silver equities rose nearly 3% in the first half hour of trade before they fell back off a bit midday, but they still ended with almost 2% gains.
Gold Rout Means Traders Least Bullish Bloomberg
Gold sinks as money managers shed Nymex positions, open interest data show MarketWatch
Report | For | Reading | Expected | Previous |
CPI | Nov | 0.0% | 0.1% | -0.1% |
Core CPI | Nov | 0.2% | 0.1% | 0.1% |
All of this week’s other economic reports:
Philadelphia Fed - December |
Capacity Utilization - November |
Industrial Production - November |
Net Long-Term TIC Flows - October |
Current Account Balance - Q3 |
Empire Manufacturing - December |
PPI - November |
Core PPI - November |
Initial Claims - 12/10 |
Export Prices - Nov |
Export Prices ex-ag. - Nov |
Import Prices - Nov |
Import Prices ex-oil - Nov |
MBA Mortgage Index - 12/10 |
Business Inventories - October |
Retail Sales -November |
Retail Sales ex-auto -November |
Treasury Budget - November |
Next week’s economic highlights include the NAHB Housing Market Index on Monday, Housing Starts and Building Permits on Tuesday, Existing Home Sales on Wednesday, Initial Jobless Claims, GDP, Michigan Sentiment, Leading Economic Indicators, and the FHFA Housing Price Index on Thursday, and Durable Goods Orders, Personal Income and Spending, Core PCE Prices, and New Home Sales on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower on persistent worries about Europe.
The U.S. dollar index ended slightly lower in mixed trade as traders debated possible credit downgrades in Europe.
Treasuries rose as the Dow, Nasdaq, and S&P held near unchanged on worries about Europe.
Among the big names making news in the market Friday were Olympus, United Rentals, Adobe, and RIM.
GATA Posts:
Central banks are steadily losing their cover in the gold market
Macleod, Sinclair, Sprott, and Gold Standard Institute's letter
No takers for Grandich's million-dollar gold price challenge
The Statistics:
Activity from: 12/15/2011
Gold Warehouse Stocks: | 11,389,524 | +53,064 |
Silver Warehouse Stocks: | 111,979,045 | +829,576 |
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 | 1279.975 | 41,152,484 | US$65,583m |
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$5,890m |
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$6,445m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 473,120 | US$729m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.00 | 1,318,316 | US$2,252m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,944 | US$8m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 14.821 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 172.82: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,743.41: -25.71 change from yesterday’s data.
Goldcorp’s (GG) construction permit, Great Basin’s (GBG) operational update, Timberline’s (TLR) fourth quarter and year end results, Jaguar’s (JAG) update on its strategic review process, Fortuna’s (FSM) addition to the S&P/TSX Composite Index, and Hecla’s (HL) rock burst were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1.Timmins | TGD+13.22% $1.97 |
2.Alexco | AXU +11.77% $7.50 |
3.Rubicon | RBY +11.38% $3.62 |
LOSERS
1.Tanzanian Royalty | TRX -5.79% $2.28 |
2.Loncor | LON -5.51% $1.20 |
3.Taseko | TGB -4.85% $2.55 |
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 2011
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