• Gold: 1,207.41 -8.95
  • Silver: 17.25 -0.25
  • Euro: 1.260 -0.009
  • USDX: 86.157 0.553
  • Oil: 94.47 0.08

January 10: Gold and Silver Gain About 1%

Chris Mullen
|
Thursday, January 10th
 

Close

Gain/Loss

Gold

$1672.90

+$15.50

Silver

$30.77

+$0.44

XAU

163.84

+2.50%

HUI

433.94

+2.74%

GDM

1264.72

+2.51%

JSE Gold

2183.14

+3.05

USD

79.76

-0.74

Euro

132.54

+1.95

Yen

113.23

-0.56

Oil

$93.82

+$0.72

10-Year

1.894%

+0.042

T-Bond

144.84375

-0.65625

Dow

13471.22

+0.60%

Nasdaq

3121.76

+0.51%

S&P

1472.12

+0.76%

 
 

The Metals:

 

Gold climbed to as high as $1678.83 by about 10:30AM EST and ended with a gain of 0.94%. Silver surged to as high as $30.926 and ended with a gain of 1.45%.

 

Euro gold fell to about €1262, platinum jumped $ to $1626.50, and copper climbed 4 cents to about $3.71.

 

Gold and silver equities rose about 2.5% in the first half hour of trade and remained near that level for the rest of the day.

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

1/05

371K

364K

367K

Wholesale Inventories

Nov

0.6%

0.2%

0.3%

 

Tomorrow at 8:30AM EST brings Import and Export Prices for December and the Trade Balance for November expected at -$41.8 billion. At 2PM is the Treasury Budget for December expected at -$1.0 billion.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose and the U.S. dollar index fell markedly as the euro jumped higher after the ECB held rates unchanged and gave no hints of possible cuts in the future.

 

Treasuries remained lower after today’s $13 billion 30-year note auction sold at a yield of 3.07% with a bid to cover of 2.77.

 

The Dow, Nasdaq, and S&P fell back near unchanged in late morning trade as strong data out of China was offset by mixed earnings and economic reports in the US, but stocks then rallied back higher in afternoon trade and ended with decent gains.

 

Among the big names making news in the market today were Tiffany, Morgan Stanley, Cerberus, Toyota, Amtrak, and Ford.

 

The Statistics:

As of close of business: 1/09/2013

Gold Warehouse Stocks:

10,900,604.959

-43,649.308

Silver Warehouse Stocks:

150,771,132.934

+464,112.165

 

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

1339.837

43,077,093

US$71,399m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

139.07

4,471,129

US$7,497m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

158.96

5,110,688

US$8,334m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$602m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

42.45

1,364,715

US$2,214m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 219.04: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,112.22: No change from yesterday’s data.

 

The Miners:

 

Golden Star’s (GSS) permits, Yamana’s (AUY) 2012 preliminary operating results and outlook for 2013-2015, Silver Bull’s (SVBL) yearend review and 2013 road map, and Silver Standard’s (SSRI) senior notes offering were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Banro

BAA +6.12% $3.12

2. Yamana

AUY+6.00%$17.50

3. ITH

THM+5.91% $2.33

LOSERS

1. Silver Standard

SSRI -7.85% $13.96

2. Solitario

XPL -1.21% $1.62

3. Great Panther

GPL -1.20% $1.64

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

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

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